NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT MARCH 2022
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending March 31, 2022 for the Naples and Bonita Springs Area decreased 3% year-over-year (9,242 vs 9,549).
•
There were 95 closed sales priced above two million in March 2022 compared to 130 in March 2021, a 27% decrease. During the 12 months ending March 31, 2022, sales in this category increased 15% over the same time period in 2021 (889 vs 772 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending March 31, 2022, a total of 9,837 new listings were added to the market, this is a 4% decrease vs the same time period 12 months ending March 31, 2021.
•
Available inventory as of March 31, 2022 consisted of 2,558 units, a decrease of 22% vs the same time period in 2021. Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $1,027,110, a 23% increase vs the same time period in 2021.
•
The median sales price for the area in March 2022 increased 30% to $700,000 vs March 2021.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
NAPLES & BONITA SPRI NG S Condominiums
CLOSED SALES •
The number of closed sales in the 12 months ending March 31, 2022 for the Naples and Bonita Springs Area increased 5% year-over-year (7,745 vs 7,357).
•
There were 39 closed sales priced above two million in March 2022 compared to 43 in March 2021, a 10% decrease. During the 12 months ending March 31, 2022, sales in this category increased 29% vs the same time period in 2021 (350 vs 271 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending March 31, 2022, a total of 7,406 new listings were added to the market, a 13% decrease vs the same time period 12 months ending March 31, 2021.
•
Available inventory as of March 31, 2022 consisted of 1,888 units, a decrease of 33% vs the same time period in 2021. Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $613,240, a 23% increase vs the same time period in 2021.
•
The median sales price for the area in March 2022 increased 49% to $450,000 vs March 2021.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Single-Family Properties LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending March 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 11% year-over-year (554 vs 621).
NEW LISTINGS / INVENTORY •
During the 12 months ending March 31, 2022, a total of 602 new listings were added to the market, a decrease of 16% compared to the same time period 12 months ending March 31, 2021.
•
Available inventory as of March 31, 2022 consisted of 261 units, a decrease of 19% vs the same time period in 2021 (261 vs 322). Current inventory represents 5 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $5,212,427 an increase of 29% vs the same time period in 2021.
•
The median sales price for the area in March 2022 increased 25% to $4,890,000 vs March 2021.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Condominiums LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending March 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 10% year-over-year (731 vs 663).
NEW LISTINGS / INVENTORY •
During the 12 months ending March 31, 2022, a total of 714 new listings were added to the market, a decrease of 16% vs the same time period 12 months ending March 31, 2021.
•
Available inventory as of March 31, 2022 consisted of 264 units, a 26% decrease vs the same time period in 2021 (264 vs 356). Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,404,711, increasing 14% vs the same time period in 2021.
•
The median sales price for the area in March 2022 increased 20% to $2,000,000 vs March 2021.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
NAPLES & BONITA SPRI NG S YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$1,027,110 $836,729 $699,742
$669,399
$692,253
10,370
9,568
2019
9,549
9,837
9,242
7,234
6,253
6,020
2018
10,287
10,104
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$613,240 $498,327 $444,286
$417,433
8,259
7,950 4,932
2018
$444,303
8,524
7,822 5,094
2019
7,357
7,406
7,745
5,696
2020
2021
2022
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
P O RT ROYA L t o B O N I TA BEACH ROAD AREA YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$5,212,427
$3,817,946
$4,042,083 $3,637,054
$3,149,552
655
620
717
629
621
2018
554
410
345
331
602
2019
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$2,404,711 $1,893,656
$2,002,335
$2,159,091
$2,107,261
850 639
663
617
606 461
404
323 2018
2019
731
714
2020
2021
2022
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
COMMUNITY SNAP SHOT REP ORT Single-Family Properties Active Listings
% Change
Closed Past 12 Months
% Change
Months Of Supply
% Change
Average Closed Price
% Change
Aqualane Shores
10
-23%
40
-22%
2.1
-72%
$6,947,725
28%
Bonita Bay
4
-67%
77
0%
1.2
-79%
$1,898,623
26%
Collier’s Reserve
1
100%
10
-55%
0.2
-95%
$1,752,100
11%
Grey Oaks
5
-67%
48
-43%
1.2
-81%
$3,639,729
32%
Isles of Collier Preserve
3
-47%
60
-18%
1.1
-78%
$1,613,434
44%
Kensington
1
-67%
14
-26%
0.7
-80%
$1,066,929
26%
Lely Resort
9
-83%
154
-15%
1.1
-86%
$943,081
31%
Mediterra
5
-706%
59
-18%
1.2
-86%
$2,623,149
28%
Monterey
1
-92%
28
17%
0.9
-82%
$1,113,575
32%
Naples Park
26
-10%
252
8%
1.8
-56%
$716,423
39%
Naples Reserve
9
-69%
99
-30%
0.9
-78%
$981,148
59%
Olde Naples
18
-55%
82
-20%
2.4
-69%
$5,517,965
27%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
29
-49%
117
-27%
2.4
-69%
$3,297,251
38%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
16
100%
42
27%
3.8
-31%
$5,774,119
41%
Pelican Bay
5
-79%
67
-11%
1.7
-75%
$4,018,359
22%
Pelican Landing
5
-64%
56
-21%
0.8
-88%
$1,071,457
32%
Pelican Marsh
1
-96%
63
-21%
1.0
-81%
$1,871,290
45%
Pine Ridge
15
15%
33
-38%
2.4
-70%
$3,754,713
55%
Port Royal
6
-67%
31
-54%
1.9
-82%
$15,627,516
49%
Quail Creek
3
-57%
31
19%
1.4
-72%
$1,837,581
36%
Quail West
2
-89%
59
-31%
1.5
-77%
$3,074,610
34%
Royal Harbor
10
0%
32
-49%
2.7
-63%
$3,995,833
46%
The Colony At Pelican Landing
0
-100%
13
-32%
0.7
-92%
$1,676,923
5%
Tiburon
2
0%
15
-12%
1.4
-62%
$2,751,883
62%
Vanderbilt Beach
7
-56%
32
-35%
1.8
-74%
$3,191,310
57%
Vineyards
3
-86%
82
3%
1.4
-72%
Neighborhood
$895,878
19%
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
COMMUNITY SNAP SHOT REP ORT Condominiums Neighborhood
Active Listings
% Change
Closed Past 12 Months
% Change
Months Of Supply
% Change
Average Closed Price
% Change
Bonita Bay
13
-68%
165
-7%
1.5
-79%
$1,098,129
35%
Grey Oaks
0
-100%
17
55%
0.7
-76%
$1,320,294
31%
Isles of Collier Preserve
2
-78%
44
-14%
0.9
-80%
$741,572
40%
Kensington
0
-100%
21
-32%
0.3
-97%
$556,226
24%
Lely Resort
8
-87%
254
16%
1.3
-78%
$406,076
31%
Mediterra
2
-67%
28
17%
1.2
-87%
$773,125
30%
30
-61%
174
4%
2.5
-71%
$1,172,722
11%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
7
-78%
124
0%
1.4
-81%
$612,813
18%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
35
-72%
378
-11%
1.4
-83%
$1,995,524
42%
Pelican Bay
22
-81%
409
7%
1.1
-85%
$1,580,102
22%
Pelican Landing
1
-88%
73
-39%
0.7
-85%
$468,256
33%
Pelican Marsh
5
-82%
99
-12%
0.7
-86%
$556,436
34%
The Dunes of Naples
2
-91%
49
-16%
1.4
-83%
$1,373,799
15%
Tiburon
1
-93%
50
2%
0.7
-90%
$994,295
32%
Vanderbilt Beach
11
-78%
180
48%
1.7
-81%
$1,357,189
35%
Vineyards
2
-96%
155
17%
1.0
-80%
$483,361
30%
Olde Naples
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
KEY
S OU THWE ST FL O R I DA COMM U NI T Y GU I D E
GOLF COURSE 18 holes 27 holes 36 holes
- City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road) - Bonita Springs
54 holes 90 holes PRICE RANGE
$
Dominant price less than $500K
$$
Dominant price $500K to $1M
$$$
Dominant price over $1M
Neighborhood
Single-Family
Condominium
Golf Course
AQUALANE SHORES City of Naples
Boating*
Clubhouse
Tennis
Gated** Price Range
$$$
BONITA BAY Bonita Springs
90
$$$
COLLIER’S RESERVE North Naples
18
$$$
GREY OAKS South Naples & City of Naples
54
$$$
ISLE OF COLLIER PRESERVE South Naples
$$
KENSINGTON South Naples
18
$$
LELY RESORT South Naples
54
$
MEDITERRA North Naples
36
$$$
MONTEREY North Naples MOORINGS & COQUINA SANDS City of Naples
$$ 18
$$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood
Single-Family
Condominium
Golf Course
NAPLES PARK North Naples
Boating*
Clubhouse
Tennis
Gated** Price Range
$$
NAPLES RESERVE South Naples
$
OLD NAPLES City of Naples
$$$
PARK SHORE City of Naples
$$$
PELICAN BAY North Naples
27
$$$
PELICAN LANDING Bonita Springs
54
$
PELICAN MARSH North Naples
18
$$$
PINE RIDGE North Naples
$$$
PORT ROYAL City of Naples
$$$
QUAIL CREEK North Naples
18
$$$
QUAIL WEST North Naples
36
$$$
ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs
$$$ 54
THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples
$$$ 36
VANDERBILT BEACH AREA North Naples VINEYARDS North Naples
$$
$$$ $$$
36
$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
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