MANAGED BY BY MANAGED
MAY 2021 LUXURY PROPERTIES MARKET REPORT RE EA AL L E ES ST TA AT TE E R
Naples | Bonita Springs
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending May 31, 2021 for the Naples and Bonita Springs Area increased 55% year-over-year (10,511 vs 6,782).
•
There were 118 closed sales, priced above two million in May 2021 compared to 17 in May 2020, a 594% increase. During the 12 months ending May 31, 2021, sales in this category increased 170% over the same time period in 2020 (975 vs 361 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2021, a total of 10,806 new listings were added to the market, this is an 11% increase vs the same time period 12 months ending May 31, 2020.
•
Available inventory as of May 31, 2021 consisted of 2,674 units, a decrease of 39% vs the same time period in 2020. Current inventory represents 2.9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $904,944 representing an increase of 35% vs the same time period in 2020.
•
The median sales price for the area in May 2021 increased 51% to $574,250 vs May 2020.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending May 31, 2021 for the Naples and Bonita Springs Area increased 70% year-over-year (8,647 vs 5,086).
•
There were 46 closed sales priced above two million compared to 7 in May 2020, a 557% increase. During the 12 months ending May 31, 2021, sales in this category increased 157% vs the same time period in 2020 (345 vs 134 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2021, a total of 8,895 new listings were added to the market, a 19% increase vs the same time period 12 months ending May 31, 2020.
•
Available inventory as of May 31, 2021 consisted of 1,801 units, a decrease of 48% vs the same time period in 2020. Current inventory represents 2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $523,004 an increase of 20% vs the same time period in 2020.
•
The median sales price for the area in May 2021 increased 25% to $320,000 vs May 2020.
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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.
LUXURY MARKET $1M+ (WEST OF 41) PORT ROYAL TO BONITA BEACH ROAD AREA – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending May 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 120% year-over-year (758 vs 345).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2021, a total of 754 new listings were added to the market, an increase of 20% compared to the same time period 12 months ending May 31, 2020.
•
Available inventory as of May 31, 2021 consisted of 232 units a 45% decrease vs the same time period in 2020 (232 vs 419). 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 $4,112,285 an increase of 13% vs the same time period in 2020.
•
The median sales price for the area in May 2021 decreased 6% to $3,350,000 vs May 2020.
LUXURY MARKET $1M+ (WEST OF 41) PORT ROYAL TO BONITA BEACH ROAD AREA - CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending May 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 145% year-over-year (834 vs 340).
NEW LISTINGS / INVENTORY •
During the 12 months ending May 31, 2021, a total of 874 new listings were added to the market, an increase of 42% vs the same time period 12 months ending May 31, 2020.
•
Available inventory as of May 31, 2021 consisted of 211 units, a 43% decrease vs the same time period in 2020. Current inventory represents 2.2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,111,106, remaining relatively the same with a decrease of less than 1% vs the same time period in 2020.
•
The median sales price for the area in May 2021 increased 10% to $1,858,750 vs May 2020.
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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.
New Listings | Closed Units 12 Month Comparisons Naples and Bonita Springs - Single Family Properties 12,000
New Listings
10,000
2017 ---------------- 10,118 2018 ---------------- 9,597 2019 ---------------- 10,449 2020 --------------- 9,764 2021 ---------------- 10,806
8,000
6,000
Closed Units
4,000
2017 ---------------- 6,183 2018 ---------------- 6,073 2019 ----------------- 6,397 2020 --------------- 6,782 2021 ---------------- 10,511
2,000
0 2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums 10,000
New Listings 2017 ----------------- 8,055 2018 ----------------- 8,018 2019 ----------------- 8,237 2020 ---------------- 7,463 2021 ------------------ 8,895
8,000
6,000
Closed Units
4,000
2017 ----------------- 4,992 2018 ----------------- 4,953 2019 ----------------- 5,271 2020 ---------------- 5,086 2021 ------------------ 8,647
2,000
0 2017
2018
2019
2020
2021
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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.
Average Sales Price 12 Month Comparisons
Naples and Bonita Springs - Single Family Properties $1,00,000
$800,000
$905K
$600,000
$635K
$681K
$695K
$671K
$400,000
$200,000
$0 2017
2018
2019
2020
2021
Naples and Bonita Springs - Condominiums $1,00,000
$800,000
$600,000
$523K
$400,000
$411K
$438K
$424K
2018
2019
$435K
$200,000
$0 2017
2020
2021
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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.
New Listings | Closed Units 12 Month Comparisons Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Single Family Properties $1M+ 900
New Listings
800
2017 ---------------- 654 2018 ---------------- 613 2019 ---------------- 647 2020 --------------- 627 2021 ---------------- 754
700 600 500
Closed Units
400
2017 ---------------- 311 2018 ---------------- 330 2019 ----------------- 362 2020 --------------- 345 2021 ---------------- 758
300 200 0
2017
2018
2019
2020
2021
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ 900
New Listings 2017 ---------------- 554 2018 ---------------- 636 2019 ---------------- 610 2020 --------------- 616 2021 ---------------- 874
800 700 600 500
Closed Units 2017 ---------------- 318 2018 ---------------- 439 2019 ----------------- 338 2020 --------------- 340 2021 ---------------- 834
400 300 200 0
2017
2018
2019
2020
2021
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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.
Average Sales Price 12 Month Comparisons Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Single Family Properties ($1M+) $4,500,000
$4,000,000
$4.112M $3,500,000
$3,000,000
$3.755M
$3.637M
$3.313M $3.253M
$2,500,000
$2,000,000
$1,500,000 0 2017
2018
2019
2020
2021
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$2.004M $1,500,000
$1.907M
$2.059M
$2.126M
$2.111M
2020
2021
$1,000,000
$500,000
0
2017
2018
2019
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 Snapshot Report Single Family Properties
Monthly Snapshot as of May 31, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
7
-71%
57
+159%
6.3
-49%
$5,673,691
+7%
Bonita Bay
7
-72%
90
+58%
4.9
-17%
$1,656,015
+35%
Collier’s Reserve
0
-100%
22
+47%
2.7
-70%
$1,562,250
+6%
Grey Oaks
1
-98%
92
+100%
4.6
-66%
$2,268,750
+8%
Isles of Collier Preserve
2
-94%
76
+69%
3.6
-41%
$1,097,140
+16%
Kensington
1
-90%
20
+43%
2.7
-48%
$855,000
+26%
Lely Resort
11
-89%
220
+110%
6.1
-42%
$658,200
+21%
Mediterra
7
-85%
89
+134%
6.8
-48%
$1,866,000
+7%
Monterey
4
-64%
34
+55%
4.3
-17%
$838,750
+13%
Naples Park
13
-86%
261
+80%
3.2
-47%
$542,716
+20%
Naples Reserve
10
-83%
161
+77%
3.0
-60%
$590,155
+26%
Olde Naples
18
-71%
129
+102%
6.1
-44%
$3,811,000
+11%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
30
-71%
39
+14%
1.9
-84%
$2,797,000
+83%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
3
-87%
39
+11%
4.4
-47%
$4,108,809
+12%
Pelican Bay
9
-80%
93
+82%
5.3
-49%
$3,734,468
+53%
Pelican Landing
4
-88%
87
+89%
5.5
-27%
$852,979
+12%
Pelican Marsh
7
-81%
87
+50%
4.5
-48%
$1,442,827
+44%
Pine Ridge
6
-84%
59
+62%
6.1
-54%
$2,540,544
+34%
Port Royal
7
-86%
75
+142%
8.3
-43%
$10,74,333
+11%
Quail Creek
4
-69%
29
-12%
4.4
-31%
$1,417,948
+37%
Quail West
6
-89%
102
+104%
4.6
-62%
$2,366,936
+21%
Royal Harbor
5
-84%
66
+144%
5.3
-56%
$2,839,843
+24%
The Colony At Pelican Landing
1
-92%
22
+214%
6.8
-47%
$1,582,273
-13%
Tiburon
2
-75%
19
+58%
3.0
-23%
$2,043,697
+22%
Vanderbilt Beach
5
-86%
60
+107%
4.7
-62%
$2,103,975
+20%
Vineyards
1
-98%
95
+64%
3.5
-53%
$770,361
+11%
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 Snapshot Report Condominiums
Monthly Snapshot as of May 31, 2021
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
16
-81%
192
+73%
5.8
-29%
$897,689
+16%
Grey Oaks
3
0%
15
+67%
2.9
-12%
$1,058,060
+32%
Isles of Collier Preserve
3
-87%
60
+88%
3.5
-55%
$536,861
+3%
Kensington
1
-94.4%
40
+344%
9.0
+34%
$464,418
-3.0%
Lely Resort
13
-88%
274
+54%
5.0
-35%
$319,431
+2%
Mediterra
2
-92%
32
+146%
7.0
-49%
$592,000
+4%
Olde Naples
37
-63%
196
+70%
7.2
-27%
$1,113,571
+17%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
19
-69%
144
+106%
6.0
-36%
$539,535
+36%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
36
-84%
508
+92%
6.8
-22%
$1,539,199
+12%
Pelican Bay
38
-80%
473
+84%
5.9
-37%
$1,330,117
+4%
Pelican Landing
5
-87%
119
+70%
3.6
-36%
$354,004
+1%
Pelican Marsh
1
-98%
134
+70%
3.9
-47%
$433,867
+17%
The Dunes of Naples
5
-84%
67
+644%
6.5
no change
$1,194,109
+14%
Tiburon
0
-100%
61
+60%
5.6
-13%
$758,275
-3%
Vanderbilt Beach
16
-83%
170
+87%
7.2
-36%
$1,096,904
+19%
Vineyards
11
-83%
162
+31%
4.2
-38%
$388,842
+13%
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 Guide LOCATIONS:
HOME STYLE:
City of Naples North Naples (North of Pine Ridge Rd.) South Naples (South of Pine Ridge Rd.) Marco Area
GOLF COURSES |
18 holes
PRICE RANGE:
| Single Family Home
| Dominant price less than $500,000
| Condominium
| Dominant price $500,000 - $1,000,000 | Dominant price over $1,000,000
27 holes
36 holes
54 holes
90 holes
BOATING | Many properties are boating oriented (have a dock or there is a community dock/marina) GATED | May or may not be manned by a security guard
COMMUNITY
HOME STYLE
GOLF COURSE
BOATING COMMUNITY
CLUB HOUSE
TENNIS
GATED
PRICE RANGE
AQUALANE SHORES City of Naples
BONITA BAY Bonita Springs
COLLIER’S RESERVE North Naples
GREY OAKS
South Naples & City of Naples
ISLE OF COLLIER PRESERVE South Naples
KENSINGTON South Naples
LELY RESORT South Naples
MEDITERRA North Naples
MONTEREY North Naples
MOORINGS & COQUINA SANDS City of Naples
NAPLES PARK North Naples
NAPLES RESERVE South Naples
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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 Guide COMMUNITY
HOME STYLE
GOLF COURSE
BOATING COMMUNITY
CLUB HOUSE
TENNIS
GATED
PRICE RANGE
OLD NAPLES City of Naples
PARK SHORE City of Naples
PELICAN BAY North Naples
PELICAN LANDING Bonita Springs
PELICAN MARSH North Naples
PINE RIDGE North Naples
PORT ROYAL City of Naples
QUAIL CREEK North Naples
QUAIL WEST North Naples
ROYAL HARBOR City of Naples
THE COLONY AT PELICAN LANDING Bonita Springs
THE DUNES OF NAPLES North Naples
TIBURON GOLF CLUB North Naples
VANDERBILT BEACH AREA North Naples
VINEYARDS North Naples
* The source of this market data is the Southwest Florida MLS, Copyright 2021. 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.