William Raveis Real Estate Phil Collins Luxury Market Report October 2022

BONITA SPRINGS

NAPLES & BONITA SPRINGS

Single-Family Properties

CLOSED SALES

• The number of closed sales in the 12 months ending October 31, 2022 for the Naples and Bonita Springs Area decreased 28% year-over-year (7,538 vs 10,421).

• There were 51 closed sales priced above two million in October 2022 compared to 40 in October 2021; a 28% increase. During the 12 months ending October 31, 2022, sales in this category decreased 59% over the same time period in 2021 (821 vs 1,993 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending October 31, 2022, a total of 9,744 new listings were added to the market, this is a 6% decrease vs the same time period 12 months ending October 31, 2021.

• Available inventory as of October 31, 2022 consisted of 2,671 units, an increase of 17% 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 $1,140,992, an 18% increase vs the same time period in 2021.

• The median sales price for the area in October 2022 increased 22% to $715,000 vs October 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 October 31, 2022 for the Naples and Bonita Springs Area decreased 35% year-over-year (5,934 vs 9,131).

• There were 14 closed sales priced above two million in October 2022 compared to 15 in October 2021, a 7% decrease. During the 12 months ending October 31, 2022, sales in this category increased 4% vs the same time period in 2021 (357 vs 343 units).

NEW LISTINGS / INVENTORY

• During the 12 months ending October 31, 2022, a total of 6,926 new listings were added to the market, a 14% decrease vs the same time period 12 months ending October 31, 2021.

• Available inventory as of October 31, 2022 consisted of 1,524 units, an increase of 17% vs the same time period in 2021. 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 $696,540, a 28% increase vs the same time period in 2021.

• The median sales price for the area in October 2022 increased 19% to $425,000 vs October 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

Single-Family Properties

LUXURY MARKET $1M+ (WEST OF 41)

CLOSED SALES

• The number of closed sales in the 12 months ending October 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 39% year-over-year (428 vs 701).

NEW LISTINGS / INVENTORY

• During the 12 months ending October 31, 2022, a total of 724 new listings were added to the market, a decrease of 9% compared to the same time period 12 months ending October 31, 2021.

• Available inventory as of October 31, 2022 consisted of 294 units, a 52% increase vs the same time period in 2021 (294 vs 193). 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 $5,369,901 an increase of 15% vs the same time period in 2021.

• The median sales price for the area in October 2022 decreased 12% to $2,650,000 vs October 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 October 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area decreased 21% year-over-year (626 vs 797).

NEW LISTINGS / INVENTORY

• During the 12 months ending October 31, 2022, a total of 710 new listings were added to the market, a decrease of 7% vs the same time period 12 months ending October 31, 2021.

• Available inventory as of October 31, 2022 consisted of 180 units, a 5% decrease vs the same time period in 2021 (180 vs 190). 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 $2,510,242, increasing 11% vs the same time period in 2021.

• The median sales price for the area in October 2022 increased 26% to $1,890,000 vs October 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.

COMMUNITY SNAPSHOT REPORT

Single-Family Properties

Neighborhood Active Listings

Closed Past 12 Months

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

Aqualane Shores 15 114% 17 -70% 4.6 48% $9,212,941 50%

Bonita Bay 3 -70% 45 -54% 0.9 -55% $2,175,628 30%

Collier’s Reserve 1 0% 13 -28% 0.8 100% $2,214,692 41%

Grey Oaks 9 29% 40 -50% 2.3 53% $4,709,450 63%

Isles of Collier Preserve 15 150% 41 -53% 1.6 78% $2,286,451 81%

Kensington 2 16 -11% 0.6 -14% $1,267,197 25%

Lely Resort 24 243% 92 -59% 1.4 36% $1,312,255 61%

Mediterra 14 75% 41 -55% 2.0 -9% $3,314,829 42%

Monterey 6 16 -52% 1.2 -14% $1,287,562 30%

Naples Park 69 138% 220 -15% 2.5 92% $968,005 59%

Naples Reserve 20 233% 61 -53% 1.5 67% $1,234,974 51%

Olde Naples 27 29% 53 -51% 3.4 17% $7,679,053 65%

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

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront

44 47% 76 -56% 4.5 73% $4,130,603 44%

31 121% 29 -19% 6.0 114% $6,681,552 43%

Pelican Bay 9 0% 40 -54% 1.5 -29% $4,703,175 26%

Pelican Landing 4 33% 48 -43% 1.1 0% $1,369,094 53%

Pelican Marsh 6 100% 39 -60% 1.0 -23% $2,008,654 24%

Pine Ridge 17 113% 23 -52% 5.4 116% $5,015,935 65%

Port Royal 13 86% 25 -60% 3.7 23% $19,914,303 66%

Quail Creek 11 267% 28 -24% 2.2 16% $2,142,071 40%

Quail West 12 71% 44 -47% 1.8 29% $4,035,159 52%

Royal Harbor 14 17% 25 -46% 3.8 90% $5,117,280 63%

The Colony At Pelican Landing 0 -100% 6 -73% 0.2 -87% $2,482,500 57%

Tiburon 1 9 -44% 0.7 -22% $2,911,556 30%

Vanderbilt Beach 19 280% 22 -55% 3.5 75% $3,812,686 44%

Vineyards 13 30% 62 -28% 1.7 55% $1,197,867 37%

*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 SNAPSHOT REPORT

Condominiums

Neighborhood Active Listings

Closed Past 12 Months

Average Closed Price

Months Of Supply % Change % Change % Change % Change

Bonita Bay 14 -44% 138 -31% 1.0 -58% $1,209,135 22%

Grey Oaks 0 -100% 17 -11% 0.5 -44% $1,832,059 74%

Isles of Collier Preserve 6 200% 43 -16% 1.0 -9% $959,822 64%

Kensington 3 200% 15 -60% 0.7 -75% $753,133 55%

Lely Resort 21 5% 187 -33% 0.9 -53% $516,509 52%

Mediterra 2 0% 21 -38% 1.2 -25% $1,211,810 91%

Olde Naples 19 -37% 131 -40% 1.8 -53% $1,564,066 39%

Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront 23 283% 94 -37% 1.5 -25% $639,109 10%

Park Shore/Moorings/ Seagate/Coquina Sands Waterfront 34 26% 284 -41% 1.3 -46% $2,248,966 36%

Pelican Bay 37 85% 283 -44% 0.9 -53% $1,817,837 28%

Pelican Landing 4 33% 58 -43% 0.6 -33% $531,752 36%

Pelican Marsh 3 50% 61 -52% 0.7 -36% $763,123 64%

The Dunes of Naples 8 60% 32 -54% 1.3 -28% $1,918,274 55%

Tiburon 4 300% 28 -56% 1.1 -27% $1,160,696 30%

Vanderbilt Beach 15 15% 100 -50% 1.5 -42% $1,437,216 20%

Vineyards 11 83% 114 -32% 1.1 -27% $605,716 40%

*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) - Bonita Springs

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

GOLF COURSE

18 holes 27 holes 36 holes 54 holes 90 holes

KEY 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