THERESOPTEAM RESULTS DRIVEN REAL ESTATE
SEPTEMBER 2020 LUXURY PROPERTIES MARKET REPORT Naples | Bonita Springs
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES CLOSED SALES •
The number of closed sales in the 12 months ending September 30, 2020 for the Naples and Bonita Springs Area increased 14% year-over-year (7,558 vs 6,609).
•
There were 43 closed sales, priced above two million, in September 2020 compared to 15 in September 2019, a 187% increase. During the 12 months ending September 30, 2020, sales in this category increased 33% over the same time period in 2019 (465 vs 349).
NEW LISTINGS / INVENTORY •
During the 12 months ending September 30, 2020, a total of 10,278 new listings were added to the market, this is an increase of less than 1% vs the same time period 12 months ending September 30, 2019.
•
Available inventory as of September 30, 2020 consisted of 3,713 units, a decrease of 12% vs the same time period in 2019. 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 $712,888, a 4% increase vs the same time period in 2019.
•
The median sales price for the area in September 2020 increased 17% to $440,000 vs September 2019.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS CLOSED SALES •
The number of closed sales in the 12 months ending September 30, 2020 for the Naples and Bonita Springs Area increased 3% year-over-year (5,375 vs 5,243).
•
There were 27 closed sales priced above two million compared to 6 in September 2019, a 350% increase. During the 12 months ending September 30, 2020, sales in this category increased 29% vs the same time period in 2019 (195 vs 151 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending September 30, 2020, a total of 8,128 new listings were added to the market, remaining relatively the same with a decrease of 1% vs the same time period 12 months ending September 30, 2019.
•
Available inventory as of September 30, 2020 consisted of 3,307 units, remaining relatively the same with an increase of 1% vs the same time period in 2019. Current inventory represents 6.4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $470,461, an increase of 7% vs the same time period in 2019.
•
The median sales price for the area in September 2020 increased 17% to $275,000 vs September 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 September 30, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 16% year-over-year (418 vs 360).
NEW LISTINGS / INVENTORY •
During the 12 months ending September 30, 2020, a total of 689 new listings were added to the market, an increase of 8% compared to the same time period 12 months ending September 30, 2019.
•
Available inventory as of September 30, 2020 consisted of 344 units, remaining relatively the same with a decrease of less than 1% vs the same time period in 2019 (344 vs 345). Current inventory represents 9.3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $3,430,585, a decrease of 13% vs the same time period in 2019.
•
The median sales price for the area in September 2020 decreased 22% to $2,350,000 vs September 2019.
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 September 30, 2020 for the luxury market from Port Royal to Bonita Beach Road Area increased 24% year-over-year (454 vs 366).
NEW LISTINGS / INVENTORY •
During the 12 months ending September 30, 2020, a total of 766 new listings were added to the market, an increase of 26% vs the same time period 12 months ending September 30, 2019.
•
Available inventory as of September 30, 2020 consisted of 322 units, a 10% increase vs the same time period in 2019. Current inventory represents 6.2 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,085,924, a decrease of 2% vs the same time period in 2019.
•
The median sales price for the area in September 2020 increased 60% to $2,037,500 vs September 2019.
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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
2016 ---------------- 10,146 2017 ---------------- 9,656 2018 ---------------- 10,178 2019 ---------------- 10,258 2020 --------------- 10,278
8,000
6,000
Closed Units
4,000
2016 ---------------- 5,842 2017 ---------------- 6,136 2018 ----------------- 6,167 2019 ---------------- 6,609 2020 --------------- 7,558
2,000
0 2016
2017
2018
2019
2020
Naples and Bonita Springs - Condominiums 10,000
New Listings 2016 ----------------- 8,172 2017 ----------------- 7,795 2018 ----------------- 8,333 2019 ----------------- 8,196 2020 ----------------- 8,128
8,000
6,000
Closed Units
4,000
2016 ----------------- 4,877 2017 ----------------- 4,940 2018 ----------------- 5,136 2019 ----------------- 5,243 2020 ----------------- 5,375
2,000
0 2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 $800,000 $700,000 $600,000
$647K
$654K
2016
2017
$691K
$683K
2018
2019
$713K
$500,000 $400,000 $300,000 $200,000
2020
Naples and Bonita Springs - Condominiums $500,000
$470K $400,000
$394K
$438K
$439K
2018
2019
$413K
$300,000
$200,000
$100,000
0
2016
2017
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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+ 800
New Listings
700
2016 ---------------- 682 2017 ---------------- 626 2018 ---------------- 633 2019 ---------------- 638 2020 --------------- 689
600 500 400
Closed Units
300
2016 ---------------- 310 2017 ---------------- 309 2018 ----------------- 355 2019 ---------------- 360 2020 --------------- 418
200
0
2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums $1M+ New Listings
800
2016 ---------------- 576 2017 ---------------- 573 2018 ---------------- 647 2019 ---------------- 606 2020 --------------- 766
700 600 500 400
Closed Units 2016 ---------------- 284 2017 ---------------- 323 2018 ----------------- 435 2019 ---------------- 366 2020 --------------- 454
300 200
0
2016
2017
2018
2019
2020
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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
$3.924M
$3,500,000
$3,000,000
$3.258M
$3.454M
$3.431M
$3.299M
$2,500,000
$2,000,000
$1,500,000 0 2016
2017
2018
2019
2020
Luxury Property Market - Port Royal to Bonita Beach Road Area (West of 41) Condominiums ($1M+) $2,500,000
$2,000,000
$2.006M
$2.009M
2016
2017
$1,500,000
$2.124M
$2.086M
2019
2020
$1.923M
$1,000,000
$500,000
0
2018
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 September 30, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % MONTHS OF 12 MONTHS CHANGE SUPPLY
% CHANGE
AVERAGE CLOSED PRICE
% CHANGE
Aqualane Shores
20
no change
29
+45%
11.5
-5%
$4,957,347
+9%
Bonita Bay
29
+7.4%
59
-15%
7
-29%
$1,318,035
+31%
5
-55%
13
no change
7.3
-25%
$1,565,146
+15%
Grey Oaks
26
-49%
54
+40%
10.6
-28%
$2,633,318
+14%
Isles of Collier Preserve
20
+18%
49
+26%
5.9
-18%
$1,047,687
+13%
Kensington
4
-56%
15
-6%
4.6
-28%
$800,960
-13%
Lely Resort
64
-7%
115
+15%
10.4
-11%
$690,608
+10%
Mediterra
42
-28%
45
+15%
12.2
-21%
$2,140,881
-3%
Monterey
7
-50%
20
-13%
4.4
-30%
$811,425
+10%
Naples Park
32
-52%
182
+26%
5.3
-35%
$476,404
+11%
Naples Reserve
28
-40%
109
+27%
6.9
-23%
$526,410
+1%
Olde Naples
42
-35%
79
+3%
9.7
-38%
$3,913,658
-2%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
65
-22%
121
+18%
9.3
-21%
$1,982,362
-5%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
12
-43%
33
+7%
7.5
-26%
$3,755,780
+6%
Pelican Bay
28
-26%
57
+19%
9.8
-6%
$2,837,684
+16%
Pelican Landing
19
-42%
41
-33%
8
-16%
$746,302
-7%
Pelican Marsh
22
-27%
59
+51%
7.2
-28%
$1,048,536
+8%
Pine Ridge
20
-44%
42
+31%
12.8
+29%
$2,175,511
+32%
Port Royal
35
-15%
34
-13%
14.4
-10%
$8,566,029
-10%
Quail Creek
10
-38%
21
-19%
6
-27%
$1,109,571
-3%
Quail West
19
-62%
65
+25%
10.5
-20%
$2,042,721
+10%
Royal Harbor
13
-46%
43
+72%
11.5
-1%
$2,674,349
+27%
The Colony At Pelican Landing
10
-17%
8
+33%
-7%
$1,477,375
-15%
Tiburon
5
-38%
10
+43%
4.9
+20%
$1,715,500
+30%
Vanderbilt Beach
15
-46%
40
+54%
10.4
-22%
$1,949,083
+2%
Vineyards
15
-61%
37
-30%
6.8
-27%
$673,740
-4%
Collier’s Reserve
12.4
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 September 30, 2020
ACTIVE LISTINGS
% CHANGE
CLOSED PAST % 12 MONTHS CHANGE
MONTHS OF % AVERAGE SUPPLY CHANGE CLOSED PRICE
% CHANGE
Bonita Bay
65
-16%
130
no change
8.1
-5%
$791,961
-3%
Grey Oaks
5
-17%
7
-50%
2.8
-48%
$811,571
-10%
Isles of Collier Preserve
8
-60%
37
+23%
6.8
-24%
$518,485
+5%
Kensington
16
+78%
11
-45%
11.8
+146%
$451,182
-1%
Lely Resort
65
-47%
170
-3%
6.5
-40%
$305,456
-5%
Mediterra
16
-11%
11
-15%
13.4
+49%
$541,167
-7%
Olde Naples
59
-22%
118
+6%
8.9
-23%
$908,295
-17%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
41
-9%
88
+47%
9.6
+32%
$418,380
+12%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
175
-1%
289
-4%
9.3
-3%
$1,425,631
+11%
Pelican Bay
140
-17%
274
+8%
8.7
-3%
$1,137,645
-23.5%
Pelican Landing
27
no change
80
+1%
5.8
-32%
$337,826
+6%
Pelican Marsh
31
-31%
80
+1%
6.5
-32%
$382,234
-1%
Pine Ridge
6
-33%
19
+36%
4.4
-42%
$212,421
-2%
The Dunes of Naples
22
+83%
41
+11%
8
+100%
$1,190,730
+10%
Tiburon
18
-14%
41
+11%
6.8
+10%
$765,595
-3%
Vanderbilt Beach
63
-24%
94
+7%
10.7
-14%
$971,974
+21%
Vineyards
31
-57%
122
+3%
6
-39%
$355,162
+1%
* The source of this market data is the Southwest Florida MLS, Copyright 2020. 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 2020. 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 2020. 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.
THERESOPTEAM RESULTS DRIVEN REAL ESTATE Chris & Kara Resop 239.231.6164 Chris.Resop@Raveis.com | ChrisResop.com 800 Seagate Drive | Naples | FL 34103
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