JANUARY 2024 LUXURY PROPERTIES MARKET REPORT
NAPLES BONITA SPRINGS
NAPLES & BONITA SPRINGS
Single-Family Properties
CLOSED SALES
• The number of closed sales in the 12 months ending January 31st, 2024 for the Naples and Bonita Springs Area decreased 10% year-over-year (6,306 vs 7,029).
• There were 39 closed sales priced above two million in January 2024 compared to 55 in January 2023; a 29% decrease. During the 12 months ending January 31st, 2024, sales in this category decreased 13% over the same time period in 2023 (699 vs 802 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending January 31st, 2024, a total of 9,471 new listings were added to the market, this is a 6% decrease vs the same time period 12 months ending January 31st, 2023.
• Available inventory as of January 31st, 2024 consisted of 3,806 units, an increase of 224% vs the same time period in 2023. Current inventory represents 12 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $1,148,558, a 2% decrease vs the same time period in 2023.
• The median sales price for the area in January 2024 increased 3% to $692,500 vs January 2023.
*Source of this market data: Southwest Florida MLS © 2024. 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.
& BONITA SPRINGS
Condominiums
CLOSED SALES
• The number of closed sales in the 12 months ending January 31st, 2024 for the Naples and Bonita Springs Area decreased 15% year-over-year (4,646 vs 5,459).
• There were 22 closed sales priced above two million in January 2024 compared to 110 in January 2023; an 80% decrease. During the 12 months ending January 31st, 2024, sales in this category decreased 17% over the same time period in 2023 (369 vs 444 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending January 31st, 2024, a total of 7,317 new listings were added to the market, a 6% increase vs the same time period 12 months ending January, 2023.
• Available inventory as of January 31st, 2024 consisted of 3,180 units, an increase of 57% vs the same time period in 2023. Current inventory represents 13 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $809,142, a 6% increase vs the same time period in 2023.
• The median sales price for the area in January 2024 decreased 31% to $479,000 vs January 2023.
NAPLES
*Source of this market data: Southwest Florida MLS © 2024. 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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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 January 31st, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 23% year-overyear (322 vs 420).
NEW LISTINGS / INVENTORY
• During the 12 months ending January 31st, 2024, a total of 788 new listings were added to the market, a decrease of 7% compared to the same time period 12 months ending January 31st, 2023.
• Available inventory as of January 31st, 2024 consisted of 485 units, a 24% increase vs the same time period in 2023 (485 vs 392). Current inventory represents 35 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $4,250,549 a decrease of 17% vs the same time period in 2023.
• The median sales price for the area in January 2024 decreased 3% to $5,250,000 vs January 2023.
*Source of this market data: Southwest Florida MLS © 2024. 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
CLOSED SALES
• The number of closed sales in the 12 months ending January 31st, 2024 for the luxury market from Port Royal to Bonita Beach Road Area decreased 17% year-over-year (542 vs 650).
• During the 12 months ending January 31st, 2024, a total of 1,052 new listings were added to the market, an increase of 25% vs the same time period 12 months ending January 31st, 2023.
• Available inventory as of January 31st, 2024 consisted of 567 units, an 87% increase vs the same time period in 2023 (567 vs 304). Current inventory represents 19 months of supply based on current absorption rates.
• The year-over-year average sales price for the area was $2,458,941, decreasing 5% vs the same time period in 2023.
• The median sales price for the area in January 2024 decreased 5% to $2,087,500 vs January 2023.
*Source of this market data: Southwest Florida MLS © 2024. 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.
Condominiums LUXURY
MARKET $1M+ (WEST OF 41)
NEW LISTINGS / INVENTORY
AVERAGE & MEDIAN SALES PRICE
YEAR-OVER-YEAR MARKET TRENDS
Single-Family Properties
YEAR-OVER-YEAR MARKET TRENDS
Condominium Properties
*Source of this market data: Southwest Florida MLS © 2024. 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
Average Sales Price New Listings Closed Units
Average Sales Price New Listings Closed Units 10,159 10,168 9,925 10,071 9,471 6,896 8,961 9,872 7,029 6,306 $688,338 $788,624 $1,008,034 $1,168,639 $1,148,558 2020 2021 2022 2023 2024 7,864 8,267 7,619 6,882 7,317 5,504 6,449 8,666 5,459 4,646 $435,376 $490,791 $582,004 $764,722 $809,142 2020 2021 2022 2023 2024
Average Sales Price New Listings Closed Units Average Sales Price New Listings Closed Units *Source of this market data: Southwest Florida MLS © 2024. 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
MARKET TRENDS
Properties
MARKET TRENDS
Properties 628 687 621 849 788 387 571 633 420 322 $3,604,374 $3,722,722 $5,039,846 $5,121,038 $4,250,549 2020 2021 2022 2023 2024 637 785 731 843 1,052 399 589 796 650 542 $2,029,729 $2,070,729 $2,341,396 $2,581,962 $2,458,941 2020 2021 2022 2023 2024
YEAR-OVER-YEAR
Single-Family
YEAR-OVER-YEAR
Condominium
In U.S. Home Sales
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COMMUNITY SNAPSHOT REPORT
Single-Family Properties
*Source of this market data: Southwest Florida MLS © 2024. 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 Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Aqualane Shores 37 54% 10 -47% 14.4 118% $9,769,750 5% Bonita Bay 34 162% 53 36% 4.7 236% $2,055,958 -9% Collier’s Reserve 5 0% 15 36% 1.4 -18% $2,754,800 11% Grey Oaks 23 109% 38 0% 4.9 75% $4,545,237 -1% Isles of Collier Preserve 31 11% 57 90% 6.1 61% $2,037,550 -16% Kensington 2 0% 19 36% 0.9 -10% $1,667,711 22% Lely Resort 28 27% 87 -13% 2.8 8% $1,386,626 2% Mediterra 29 61% 33 -21% 5.1 70% $3,804,684 6% Monterey 8 167% 12 -33% 2.6 73% $1,653,542 24% Naples Park 129 25% 107 -42% 10.6 187% $1,056,672 0% Naples Reserve 29 16% 55 10% 4.3 59% $1,307,282 -1% Olde Naples 55 34% 35 -34% 9.6 92% $7,565,429 -4% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 69 11% 74 -15% 8.9 46% $3,973,270 5% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 25 -39% 27 -4% 10.7 16% $6,049,170 -7% Pelican Bay 37 118% 30 -3% 8.3 232% $3,749,124 -21% Pelican Landing 27 575% 41 3% 3.6 157% $1,451,156 5% Pelican Marsh 7 -30% 40 11% 3.4 100% $2,234,538 10% Pine Ridge 26 44% 20 -31% 7.7 26% $6,305,937 13% Port Royal 39 35% 10 -57% 14.1 152% $17,020,000 -8% Quail Creek 13 86% 20 -23% 4.1 41% $2,522,190 15% Quail West 19 6% 30 -14% 6.1 126% $4,812,394 18% Royal Harbor 29 81% 14 -42% 10.7 98% $4,021,717 -29% The Colony At Pelican Landing 2 0% 8 14% 1.2 300% $2,208,125 -20% Tiburon 3 0% 9 50% 4.1 215% $3,935,000 42% Vanderbilt Beach 37 12% 13 -46% 18.2 209% $4,392,308 12% Vineyards 22 214% 57 2% 2.3 15% $1,276,096 -1%
*Source of this market data: Southwest Florida MLS © 2024. 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
Condominiums Neighborhood Active Listings Closed Past 12 Months Average Closed Price Months Of Supply % Change % Change % Change % Change Bonita Bay 87 156% 123 -5% 5.2 271% $1,711,032 10% Grey Oaks 5 400% 6 -57% 1.5 150% $2,328,833 20% Isles of Collier Preserve 27 108% 50 22% 4.5 137% $889,077 -6% Kensington 2 -33% 19 46% 1.2 9% $851,026 9% Lely Resort 57 73% 129 -18% 3.5 150% $574,395 4% Mediterra 9 80% 9 -57% 3.8 124% $1,526,111 7% Olde Naples 75 79% 102 -10% 6.2 121% $1,685,825 3% Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 77 148% 72 -18% 8.7 296% $700,583 11% Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 205 173% 215 0% 7.9 295% $2,430,403 5% Pelican Bay 163 130% 239 2% 4.7 194% $1,871,496 -5% Pelican Landing 16 23% 56 8% 2.0 100% $598,323 9% Pelican Marsh 19 171% 57 2% 1.9 73% $815,465 2% The Dunes of Naples 32 100% 20 31% 8.1 268% $1,812,000 -11% Tiburon 7 40% 29 12% 2.6 73% $1,525,310 14% Vanderbilt Beach 74 222% 50 -33% 12.2 510% $1,377,205 -11% Vineyards 25 39% 73 -31% 2.6 86% $709,389 10%
SNAPSHOT REPORT
SOUTHWEST FLORIDA COMMUNITY GUIDE
- City of Naples
- North Naples (North of Pine Ridge Road)
- South Naples (South of Pine Ridge Road)
-
North
City
AQUALANE SHORES City of Naples BONITA BAY Bonita Springs COLLIER’S RESERVE North Naples GREY OAKS
Naples & City of Naples ISLE OF COLLIER PRESERVE
Naples KENSINGTON
Naples LELY RESORT
Naples MEDITERRA
Naples MONTEREY
South
South
South
South
North
Naples MOORINGS & COQUINA SANDS
of Naples
Bonita Springs GOLF COURSE KEY PRICE RANGE 18 holes 27 holes 36 holes 54 holes 90 holes Dominant price less than $1M Dominant price $1M to $2M Dominant price over $2M $ $$ $$$ $$ $$ 18 $ 54 $$$ 36 $$ $$$ 18 $$$ 54 $$$ 18 $$ 90 $$$ *Source of this market data: Southwest Florida MLS © 2024. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified. Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium *Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
North Naples NAPLES RESERVE
South Naples
OLD NAPLES
City of Naples
PARK SHORE
City of Naples
North Naples PELICAN
Springs PELICAN MARSH
North Naples
PINE RIDGE
North Naples
PORT ROYAL
City of Naples
QUAIL CREEK
North Naples
QUAIL WEST
North Naples
ROYAL HARBOR
City of Naples
THE
THE
North Naples
Naples
Neighborhood Golf Course Clubhouse Tennis Gated** Price Range Boating* Single-Family Condominium
NAPLES PARK
BAY
PELICAN
LANDING
Bonita
COLONY AT PELICAN
LANDING Bonita Springs
DUNES
NAPLES
OF
GOLF CLUB
VANDERBILT BEACH AREA
$$ $$$ $$$ $$$ $ $$$ $$ $$$ $$$ $$$ $$ $$ $ $ 36 $$$ 27 $$$ $$$ 36 18 36 36 36 18 *Source of this market data: Southwest Florida MLS © 2024. 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. *Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
TIBURON
North Naples
North
VINEYARDS North Naples
WINNER
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