GULF SHORE BOULEVARD MARKET REPORT, NAPLES, FLORIDAQ1 2024
Gulf Shore Boulevard, Naples - Beachfront
SUMMARY
With 117 properties sold, sales were down 4.88% from the preceding 12-month period when 123 properties were sold. New listings were up 35.36%, from 181 to 245. The average sales price was down 6.86%, from $3,119,837 to $2,980,483. As of March 31, 2024, inventory stood at 144 units while months of supply was 14.77 months.
2 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 $3,500,000 2024 2023 2022 2021 2020 2019 2018 245 35.36% 144 125.00% 14.77 136.54% 117 4.88% $2,980,483 6.86% 2018 2019 2020 2021 2022 2023 2024 Listed 257 302 270 270 209 181 245 Sold 176 177 197 259 307 123 117 Avg. Sale $ $1,481,981 $1,507,706 $1,780,019 $1,819,962 $2,584,167 $3,199,837 $2,980,483 BEACHFRONT 12 MONTH NEW LISTINGS AND CLOSED SALES - BEACHFRONT 12 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 2024, 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 2024 2023 2022 2021 2020 2019 2018
MARKET REPORT
Q1
Represented on 12-Month Rolling Basis. NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
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2024 Data
New Listings Average Sales Price Closed Sales
Gulf Shore Boulevard, Naples - Bayfront
BAYFRONT
SUMMARY
With 57 properties sold, sales were up 18.75% from the preceding 12-month period when 48 properties were sold. New listings were up 101.64%, from 61 to 123. The average sales price was up 69.73%, from $1,159,204 to $1,967,460. As of March 31, 2024, inventory stood at 62 units while months of supply was 13.5 months.
3 123 101.64 62 138.46% 13.05 100.81% 57 18.75% $1,967,460 69.73% 2018 2019 2020 2021 2022 2023 2024 Listed 96 102 97 111 79 61 123 Sold 54 50 69 92 90 48 57 Avg. Sale $ $619,728 $622,846 $668,404 $658,702 $920,537 $1,159,204 $1,967,460
12 MONTH NEW LISTINGS AND CLOSED SALES - BAYFRONT 12 MONTH AVERAGE SALES PRICE - BAYFRONT “The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2024, 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. $400,000 $600,000 $800,000
2024 2023 2022 2021 2020 2019 2018
0 25 50 75 100 125 2024 2023 2022 2021 2020 2019 2018
$1,000,000 $1,200,000 $1,400,000 $1,600,000
$1,800,000 $2,000,000
12-Month
NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
MARKET REPORT - Q1 2024 Data Represented on
Rolling Basis.
New Listings Average Sales Price Closed Sales
JohnRWood.com | (239) 262-1900 Source: SWFL MLS. Residential Sales Volume Excluding Manufactured Housing in Lee and Collier Counties. 1/1/2023 through 12/31/2023. $4.5 Billion in Sales Volume in 2023. Over $1.4 Billion ahead of our nearest competitor. #1 REAL ESTATE COMPANY IN SOUTHWEST FLORIDA The Local Authority in Southwest Florida Real Estate. Contact us to market your home today.