NAPLES BONITA SPRINGS LUXURY PROPERTIES MARKET REPORT JANUARY 2022
NAPLES & BONITA SPRI NG S Single-Family Properties
CLOSED SALES •
The number of closed sales in the 12 months ending January 31, 2022 for the Naples and Bonita Springs Area increased 10% year-over-year (9,811 vs 8,953).
•
There were 55 closed sales priced above two million in January 2022 compared to 70 in January 2021, a 21% decrease. During the 12 months ending January 31, 2022, sales in this category increased 42% over the same time period in 2021 (947 vs 665 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2022, a total of 9,866 new listings were added to the market, this is a 3% decrease vs the same time period 12 months ending January 31, 2021.
•
Available inventory as of January 31, 2022 consisted of 2,109 units, a decrease of 36% vs the same time period in 2021. Current inventory represents 4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $1,010,704, a 28% increase vs the same time period in 2021.
•
The median sales price for the area in January 2022 increased 36% to $665,000 vs January 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 SPRI NG S Condominiums
CLOSED SALES •
The number of closed sales in the 12 months ending January 31, 2022 for the Naples and Bonita Springs Area increased 34% year-over-year (8,647 vs 6,449).
•
There were 26 closed sales priced above two million in January 2022 compared to 19 in January 2021, a 37% increase. During the 12 months ending January 31, 2022, sales in this category increased 50% vs the same time period in 2021 (359 vs 240 units).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2022, a total of 7,573 new listings were added to the market, an 8% decrease vs the same time period 12 months ending January 31, 2021.
•
Available inventory as of January 31, 2022 consisted of 1,448 units, a decrease of 53% vs the same time period in 2021. Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $582,983, a 19% increase vs the same time period in 2021.
•
The median sales price for the area in January 2022 increased 46% to $412,000 vs January 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.
P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Single-Family Properties LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending January 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 15% year-over-year (638 vs 557).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2022, a total of 622 new listings were added to the market, a decrease of 9% compared to the same time period 12 months ending January 31, 2021.
•
Available inventory as of January 31, 2022 consisted of 193 units, a decrease of 36% vs the same time period in 2021 (193 vs 303). Current inventory represents 7 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $5,003,396 an increase of 32% vs the same time period in 2021.
•
The median sales price for the area in January 2022 increased 72% to $4,300,000 vs January 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.
P O RT ROYA L t o B O N I TA B E AC H ROAD AREA Condominiums LUXURY MARKET $1M+ (WEST OF 41)
CLOSED SALES •
The number of closed sales in the 12 months ending January 31, 2022 for the luxury market from Port Royal to Bonita Beach Road Area increased 39% year-over-year (799 vs 575).
NEW LISTINGS / INVENTORY •
During the 12 months ending January 31, 2022, a total of 733 new listings were added to the market, a decrease of 5% vs the same time period 12 months ending January 31, 2021.
•
Available inventory as of January 31, 2022 consisted of 199 units, a 41% decrease vs the same time period in 2021 (199 vs 336). Current inventory represents 3 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE •
The year-over-year average sales price for the area was $2,330,099, increasing 11% vs the same time period in 2021.
•
The median sales price for the area in January 2022 increased 2% to $1,700,000 vs January 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 SPRI NG S YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$1,010,704 $788,967
$709,593
$653,218
10,767
$688,422
10,441
6,465
2018
10,165
10,159
9,866
9,811
6,895
6,310
2019
8,953
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$582,983 $490,458 $432,900
8,967
$426,429
8,511 5,279
2018
$435,376
5,154
2019
8,647
8,259
7,864 5,504
2020
6,449
2021
7,573
2022
*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.
P O RT ROYA L t o B O N I TA BEACH ROAD AREA YEAR-OVER-YEAR MARKET TRENDS Single-Family Properties Average Sales Price
New Listings
Closed Units
$5,003,396
$3,750,512
$3,791,116
$3,718,727
$3,144,472
658
614
682
618
557 376
367
323
2018
638
622
2019
2020
2021
2022
YEAR-OVER-YEAR MARKET TRENDS Condominium Properties Average Sales Price
New Listings
Closed Units
$2,330,099 $1,909,628
$1,995,716
$2,093,921
$2,098,999
771 637
615 441
2018
575 377
357
2019
799
733
620
2020
2021
2022
*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 SNAP SHOT REP ORT Single-Family Properties Active Listings
% Change
Closed Past 12 Months
% Change
Months Of Supply
% Change
Average Closed Price
% Change
Aqualane Shores
8
-68%
46
5%
2.3
-76%
$6,399,109
26%
Bonita Bay
5
-82%
87
24%
1.5
-77%
$1,767,861
24%
Collier’s Reserve
0
-100%
14
-22%
0.2
-96%
$1,595,357
2%
Grey Oaks
7
-74%
60
-25%
1.4
-83%
$3,233,150
27%
Isles of Collier Preserve
2
-83%
75
25%
1.2
-79%
$1,452,028
33%
Kensington
1
-88%
19
36%
1.1
-73%
$1,047,237
27%
Lely Resort
7
-87%
185
17%
1.6
-82%
$887,729
29%
Mediterra
4
-87%
69
10%
1.6
-84%
$2,471,758
27%
Monterey
0
-100%
34
70%
1.7
-62%
$1,034,718
35%
Naples Park
24
-43%
262
28%
1.8
-63%
$675,551
35%
Naples Reserve
5
-76%
116
-15%
1.1
-78%
$901,822
53%
Olde Naples
15
-65%
99
5%
2.6
-70%
$4,813,763
14%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
22
-61%
139
-6%
2.6
-70%
$3,011,135
34%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
14
17%
36
0%
3.6
-42%
$4,687,639
15%
Pelican Bay
4
-84%
77
7%
2.1
-74%
$4,073,697
41%
Pelican Landing
1
-96%
73
20%
1.0
-87%
$1,017,564
31%
Pelican Marsh
1
-96%
80
23%
1.3
-79%
$1,699,454
54%
Pine Ridge
9
-59%
35
-36%
2.3
-77%
$3,481,158
53%
Port Royal
6
-79%
54
6%
1.9
-85%
$13,063,944
23%
Quail Creek
1
-89%
32
14%
1.5
-72%
$1,608,281
26%
Quail West
8
-62%
67
-22%
1.7
-79%
$2,999,970
33%
Royal Harbor
5
-62%
39
-30%
2.5
-73%
$3,361,120
25%
The Colony At Pelican Landing
1
-86%
16
7%
1.1
-89%
$1,617,500
3%
Tiburon
0
-100%
16
-11%
1.4
-67%
$2,596,641
35%
Vanderbilt Beach
8
-47%
38
-21%
2.0
-76%
$3,079,524
61%
Vineyards
5
-67%
79
-7%
1.7
-70%
$907,278
25%
Neighborhood
*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 SNAP SHOT REP ORT Condominiums Neighborhood
Active Listings
% Change
Closed Past 12 Months
% Change
Months Of Supply
% Change
Average Closed Price
% Change
Bonita Bay
15
-80%
189
24%
1.9
-76%
$1,031,939
34%
Grey Oaks
0
-100%
18
64%
1.1
-58%
$1,231,111
24%
Isles of Collier Preserve
2
-88%
51
19%
1.3
-76%
$666,812
27%
Kensington
0
-100%
32
60%
1.1
-91%
$513,423
19%
Lely Resort
12
-86%
276
42%
1.8
-72%
$368,308
18%
Mediterra
0
-100%
32
100%
1.1
-90%
$679,797
16%
Olde Naples
21
-75%
204
48%
2.9
-68%
$1,171,661
20%
Park Shore/Moorings/ Seagate/Coquina Sands Non-Waterfront
9
-81%
142
45%
1.9
-77%
$622,245
34%
Park Shore/Moorings/ Seagate/Coquina Sands Waterfront
20
-90%
450
23%
1.9
-79%
$1,804,983
29%
Pelican Bay
19
-88%
477
37%
1.6
-80%
$1,491,304
24%
Pelican Landing
5
-82%
92
-7%
0.8
-86%
$422,372
23%
Pelican Marsh
6
-75%
111
14%
1.0
-83%
$511,420
25%
The Dunes of Naples
4
-78%
55
20%
1.8
-87%
$1,287,144
14%
Tiburon
1
-95%
56
30%
1.2
-84%
$931,406
23%
Vanderbilt Beach
11
-78%
187
66%
2.2
-78%
$1,254,106
24%
Vineyards
2
-96%
173
40%
1.6
-70%
$457,302
27%
*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.
KEY
S OU THWE ST FL O R I DA COMM U NI T Y GU I D E
GOLF COURSE 18 holes 27 holes 36 holes
- City of Naples - North Naples (North of Pine Ridge Road) - South Naples (South of Pine Ridge Road) - Bonita Springs
54 holes 90 holes PRICE RANGE
$
Dominant price less than $500K
$$
Dominant price $500K to $1M
$$$
Dominant price over $1M
Neighborhood
Single-Family
Condominium
Golf Course
AQUALANE SHORES City of Naples
Boating*
Clubhouse
Tennis
Gated** Price Range
$$$
BONITA BAY Bonita Springs
90
$$$
COLLIER’S RESERVE North Naples
18
$$$
GREY OAKS South Naples & City of Naples
54
$$$
ISLE OF COLLIER PRESERVE South Naples
$$
KENSINGTON South Naples
18
$$
LELY RESORT South Naples
54
$
MEDITERRA North Naples
36
$$$
MONTEREY North Naples MOORINGS & COQUINA SANDS City of Naples
$$ 18
$$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*Source of this market data: Southwest Florida MLS © 2022. Accuracy of this information is reliable but not guaranteed. Anyone who chooses to use this information to make market decisions should have this data independently verified.
Neighborhood
Single-Family
Condominium
Golf Course
NAPLES PARK North Naples
Boating*
Clubhouse
Tennis
Gated** Price Range
$$
NAPLES RESERVE South Naples
$
OLD NAPLES City of Naples
$$$
PARK SHORE City of Naples
$$$
PELICAN BAY North Naples
27
$$$
PELICAN LANDING Bonita Springs
54
$
PELICAN MARSH North Naples
18
$$$
PINE RIDGE North Naples
$$$
PORT ROYAL City of Naples
$$$
QUAIL CREEK North Naples
18
$$$
QUAIL WEST North Naples
36
$$$
ROYAL HARBOR City of Naples THE COLONY AT PELICAN LANDING Bonita Springs
$$$ 54
THE DUNES OF NAPLES North Naples TIBURON GOLF CLUB North Naples
$$$ 36
VANDERBILT BEACH AREA North Naples VINEYARDS North Naples
$$
$$$ $$$
36
$$
*Many properties are boating oriented (have a dock or has a community dock/marina). **May or may not be manned by a security guard.
*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.
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