William Raveis Real Estate Phil Collins Luxury Market Report September 2022

NAPLES & BONITA SPRINGS

Single-Family Properties

CLOSED SALES

• The number of closed sales in the 12 months ending September 30, 2022 for the Naples and Bonita Springs Area decreased 28% year-over-year (7,648 vs 10,661).

• There were 29 closed sales priced above two million in September 2022 compared to 44 in September 2021; a 34% decrease. During the 12 months ending September 30, 2022, sales in this category decreased 22% over the same time period in 2021 (807 vs 1,032 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending September 30, 2022, a total of 9,758 new listings were added to the market, this is an 8% decrease vs the same time period 12 months ending September 30, 2021.

• Available inventory as of September 30, 2022 consisted of 2,590 units, an increase of 12% vs the same time period in 2021. Current inventory represents 8 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $1,123,909, a 16% increase vs the same time period in 2021.

• The median sales price for the area in September 2022 increased 19% to $650,000 vs September 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 SPRINGS

Condominiums

CLOSED SALES

• The number of closed sales in the 12 months ending September 30, 2022 for the Naples and Bonita Springs Area decreased 35% year-over-year (6,043 vs 9,318).

• There were 15 closed sales priced above two million in September 2022 compared to 21 in September 2021, a 29% decrease. During the 12 months ending September 30, 2022, sales in this category increased 2% vs the same time period in 2021 (357 vs 350 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending September 30, 2022, a total of 7,033 new listings were added to the market, a 17% decrease vs the same time period 12 months ending September 30, 2021.

• Available inventory as of September 30, 2022 consisted of 1,564 units, an increase of 16% vs the same time period in 2021. Current inventory represents 6 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $694,037, a 29% increase vs the same time period in 2021.

• The median sales price for the area in September 2022 increased 25% to $420,000 vs September 2021.

PORT ROYAL to BONITA BEACH ROAD AREA

Single-Family Properties

LUXURY MARKET $1M+ (WEST OF 41)

CLOSED SALES

• The number of closed sales in the 12 months ending September 30, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 41% yearover-year (433 vs 740).

NEW LISTINGS / INVENTORY

• During the 12 months ending September 30, 2022, a total of 662 new listings were added to the market, a decrease of 5% compared to the same time period 12 months ending September 30, 2021.

• Available inventory as of September 30, 2022 consisted of 230 units, a 24% increase vs the same time period in 2021 (230 vs 185). Current inventory represents 33 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $5,381,308 an increase of 19% vs the same time period in 2021.

• The median sales price for the area in September 2022 decreased 19% to $2,200,000 vs September 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.

PORT ROYAL to BONITA BEACH ROAD AREA

Condominiums

LUXURY MARKET $1M+ (WEST OF 41)

CLOSED SALES

• The number of closed sales in the 12 months ending September 30, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 22% yearover-year (636 vs 819).

NEW LISTINGS / INVENTORY

• During the 12 months ending September 30, 2022, a total of 741 new listings were added to the market, a decrease of 5% vs the same time period 12 months ending September 30, 2021.

• Available inventory as of September 30, 2022 consisted of 201 units, an 18% increase vs the same time period in 2021 (201 vs 171). Current inventory represents 8 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

• The year-over-year average sales price for the area was $2,507,196, increasing 11% vs the same time period in 2021.

• The median sales price for the area in September 2022 increased 2% to $1,750,000 vs September 2021. *Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed.

COMMUNITY SNAPSHOT REPORT

Single-Family Properties

Neighborhood Active Listings

Aqualane Shores

Closed Past 12 Months

Average Closed Price Months Of Supply % Change % Change % Change % Change

13 44% 19 -68% 4.1 17% $8,977,368 49%

Bonita Bay 8 -11% 48 -50% 1.0 -58% $2,185,484 32%

Collier’s Reserve 1 0% 12 -40% 0.7 40% $2,149,667 40%

Grey Oaks 12 50% 35 -61% 2.0 11% $4,830,800 65%

Isles of Collier Preserve 12 100% 38 -57% 1.3 8% $2,231,566 78%

Kensington 0 -100% 16 -11% 0.5 -44% $1,159,384 16%

Lely Resort 26 160% 97 -58% 1.6 -11% $1,267,446 59%

Mediterra 15 114% 44 -51% 1.8 -36% $3,334,295 47%

Monterey 3 50% 16 -57% 0.9 -47% $1,303,131 36%

Naples Park 72 157% 225 -13% 2.3 53% $941,707 56%

Naples Reserve 13 117% 66 -53% 1.2 20% $1,205,834 53%

Olde Naples 13 -32% 56 -51% 3.0 -3% $7,390,365 59%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

33 50% 76 -59% 3.8 36% $4,183,090 50%

19 58% 28 -32% 5.5 96% $6,836,429 56%

Pelican Bay 8 -11% 38 -58% 1.4 -44% $4,703,013 25%

Pelican Landing 4 300% 46 -50% 1.0 -33% $1,409,598 59%

Pelican Marsh 6 200% 35 -64% 0.9 -47% $2,044,214 26%

Pine Ridge 15 88% 23 -57% 5.0 7900% $4,830,144 62%

Port Royal 11 0% 25 -62% 3.2 -14% $19,515,803 67%

Quail Creek 9 350% 29 -24% 1.8 -18% $2,112,862 37%

Quail West 7 0% 45 -46% 1.5 -6% $3,790,911 46%

Royal Harbor 9 -25% 25 -51% 3.5 59% $5,258,280 81% The Colony At Pelican Landing 0 0% 7 -70% 0.3 -86% $2,310,714 43%

Tiburon 1 -50% 6 -54% 0.8 0% $2,659,667 12%

Vanderbilt Beach 12 100% 23 -56% 2.9 32% $3,938,221 57%

Vineyards 8 -20% 58 -38% 1.4 25% $1,167,720 38%

*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 Active Listings

COMMUNITY SNAPSHOT REPORT

Condominiums

Average Closed Price Months Of Supply % Change % Change % Change % Change

Closed Past 12 Months

Bonita Bay 15 -12% 150 -24% 1.0 -64% $1,183,711 23%

Grey Oaks 0 -100% 15 -29% 0.6 -46% $1,772,667 69%

Isles of Collier Preserve 4 300% 40 -27% 0.9 -25% $958,059 64%

Kensington 0 -100% 17 -55% 0.6 -84% $715,706 48%

Lely Resort 25 9% 196 -31% 0.9 -59% $511,067 52%

Mediterra 4 100% 21 -43% 1.0 -52% $1,195,143 91%

Olde Naples 26 -13% 134 -38% 1.8 -58% $1,516,079 37%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 22 175% 93 -42% 1.3 -46% $639,056 11%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 37 6% 283 -44% 1.2 -60% $2,220,915 38%

Pelican Bay 20 -23% 301 -40% 0.7 -71% $1,799,487 27% Pelican Landing 1 -67% 57 -47% 0.5 -58% $529,956 36%

Pelican Marsh 4 100% 64 -51% 0.6 -57% $737,023 62%

The Dunes of Naples 9 200% 36 -47% 1.1 -52% $1,856,105 51%

Tiburon 6 200% 23 -56% 1.2 7100% $1,205,457 34%

Vanderbilt Beach 22 16% 110 -44% 1.4 -56% $1,351,832 10%

Vineyards 13 44% 112 -37% 1.0 -41% $594,809 39%

*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.

SOUTHWEST FLORIDA COMMUNITY GUIDE

- City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road)

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

KEY

GOLF COURSE

18 holes 27 holes 36 holes 54 holes 90 holes

PRICE RANGE

Dominant price less than $500K

Dominant price $500K to $1M

Dominant price over $1M

NAPLES PARK North Naples

NAPLES RESERVE South Naples

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

*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.

Neighborhood Golf Course Clubhouse Tennis Gated** Price RangeBoating*Single-Family Condominium