GULF SHORE BOULEVARD MARKET REPORT, NAPLES, FLORIDAQ1 2023
Gulf Shore Boulevard, Naples - Beachfront
MARKET REPORT - Q1 2023
Data Represented on 12-Month Rolling Basis.
New Listings
SUMMARY
Average Sales Price Closed Sales
With 122 properties sold, sales were down 60.26% from the preceding 12-month period when 307 properties were sold. New listings were down 13.4%, from 209 to 181. The average sales price, at $3,150,245 was up 21.91% from $2,584,167. As of March 31, 2023, inventory stood at 64 units while months of supply was 6.30 months.
2 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 2023 2022 2021 2020 2019 2018 2017 $3,500,000 181 13.40% 64 276.47% 6.30 847.35% 122 60.26% $3,150,245 21.91% 2017 2018 2019 2020 2021 2022 2023 Listed 283 257 302 270 270 209 181 Sold 162 176 177 197 259 307 122 Avg. Sale $ $1,501,613 $1,481,981 $1,507,706 $1,780,019 $1,819,962 $2,584,167 $3,150,245
MONTH NEW LISTINGS AND CLOSED SALES - BEACHFRONT
MONTH AVERAGE SALES PRICE - BEACHFRONT “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. 0 100 200 300 400 500 2023 2022 2021 2020 2019 2018 2017
BEACHFRONT 12
12
NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
Gulf Shore Boulevard, Naples - Bayfront
MARKET REPORT - Q1 2023
Data Represented on 12-Month Rolling Basis.
12 MONTH NEW LISTINGS AND CLOSED SALES -
12 MONTH AVERAGE SALES PRICE -
New Listings Average Sales Price Closed Sales
SUMMARY
With 48 properties sold, sales were down 46.67% from the preceding 12-month period when 90 properties were sold. New listings were down 22.78%, from 79 to 61. The average sales price, at $1,159,207 was up 25.93% from $920,537. As of March 31, 2023, inventory stood at 26 units while months of supply was 6.50 months.
3 61 22.78% 26 271.43% 6.50 596.43% 48 46.67% $1,159,204 25.93% 2017 2018 2019 2020 2021 2022 2023 Listed 98 69 102 97 111 79 61 Sold 74 54 50 69 92 90 48 Avg. Sale $ $608,820 $619,728 $622,846 $668,404 $658,702 $920,537 $1,159,204
BAYFRONT
BAYFRONT
“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. $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 2023 2022 2021 2020 2019 2018 2017 0 25 50 75 100 125 2023 2022 2021 2020 2019 2018 2017
BAYFRONT
NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
4 Celebrating 6 5 Years Serving Southwest Florida Founded in 1958, John R. Wood Properties is Southwest Florida’s longest running active real estate brokerage, widely recognized for our local expertise and legendary service. Contact us to market your home today | JohnRWood.com | (239) 262-1900 THE UNRIVALED LEADER IN REAL ESTATE A lasting legacy of leadership.