GULF SHORE BOULEVARD MARKET REPORT, NAPLES, FLORIDA - Q3 2023
Gulf Shore Boulevard, Naples - Beachfront MARKET REPORT - Q3 2023 Data Represented on 12-Month Rolling Basis.
BEACHFRONT 2017
2018
2019
2020
2021
2022
2023
Listed
264
280
308
280
249
192
187
Sold
175
167
186
178
372
192
106
$1,514,719
$1,455,750
$1,659,878
$1,780,036
$2,175,103
$2,994,003
$2,849,221
Avg. Sale $
SOLD
$
NEW LISTINGS
CLOSED SALES
AVERAGE SALES PRICE
CURRENT INVENTORY
MONTHS OF SUPPLY
187 2.60%
106 44.79%
$2,849,221 4.84%
57 119.23%
6.45 297.10%
12 MONTH NEW LISTINGS AND CLOSED SALES - BEACHFRONT
12 MONTH AVERAGE SALES PRICE - BEACHFRONT $3,500,000
500
$3,000,000
400
$2,500,000
300
$2,000,000
200
$1,500,000
100
$1,000,000
0
2017
2018
2019 2020 2021 2022 2023
New Listings
Closed Sales
$500,000
2017
2018
2019 2020 2021 2022 2023
Average Sales Price
SUMMARY With 106 properties sold, sales were down 44.97% from the preceding 12-month period when 192 properties were sold. New listings were down 2.6%, from 192 to 187. The average sales price, at $2,849,221 was down 4.84% from $2,994,003. As of September 30, 2023, inventory stood at 57 units while months of supply was 6.45 months.
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“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.” Statistics include condominium units in buildings on the Gulf side of Gulf Shore Boulevard in the Naples neighborhoods of Park Shore, The Moorings, and Coquina Sands.
Gulf Shore Boulevard, Naples - Bayfront MARKET REPORT - Q3 2023 Data Represented on 12-Month Rolling Basis.
BAYFRONT 2017
2018
2019
2020
2021
2022
2023
Listed
91
91
103
108
97
73
77
Sold
69
57
63
52
115
65
42
$629,419
$650,705
$656,056
$580,464
$779,325
$1,020,442
$1,565,316
Avg. Sale $
SOLD
$
NEW LISTINGS
CLOSED SALES
AVERAGE SALES PRICE
CURRENT INVENTORY
MONTHS OF SUPPLY
77 5.48%
42 35.38%
$1,565,316 53.40%
22 175.00%
6.29 325.60%
12 MONTH NEW LISTINGS AND CLOSED SALES - BAYFRONT
12 MONTH AVERAGE SALES PRICE - BAYFRONT
$1,600,000
125
$1,400,000
100
$1,200,000
75
$1,000,000 50
$800,000
25 0
$600,000 2017
2018
2019 2020 2021 2022 2023
New Listings
Closed Sales
$400,000
2017
2018
2019 2020 2021 2022 2023
Average Sales Price
SUMMARY With 42 properties sold, sales were down 35.38% from the preceding 12-month period when 65 properties were sold. New listings were up 5.48%, from 73 to 77. The average sales price, at $1,565,316 was up 53.4% from $1,020,442. As of September 30, 2023, inventory stood at 22 units while months of supply was 6.29 months.
“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.” Statistics include condominium units in buildings on the Bay side of Gulf Shore Boulevard in the Naples neighborhoods of Park Shore, The Moorings, and Coquina Sands.
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