Naples Florida Real Estate Market News –
February 2021
NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES
CLOSED SALES
- The number of closed sales in the 12 months ending February 28, 2021 for the Naples and Bonita Springs Area increased 29% year-over-year (9,091 vs 7,062).
- There were 68 closed sales, priced above two million in February 2021 compared to 37 in February 2020, an 84% increase. During the 12 months ending February 28, 2021, sales in this category increased 78% over the same time period in 2020 (695 vs 390).
NEW LISTINGS / INVENTORY
- During the 12 months ending February 28, 2021, a total of 9,964 new listings were added to the market, a decrease of 2% vs the same time period 12 months ending February 29, 2020.
- Available inventory as of February 28, 2021 consisted of 3,252 units, a decrease of 36% vs the same time period in 2020. Current inventory represents 4.4 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
- The year-over-year average sales price for the area was $812,857 a 19% increase vs the same time period in 2020.
- The median sales price for the area in February 2021 increased 22% to $495,000 vs February 2020.
NAPLES AND BONITA SPRINGS – CONDOMINIUMS
CLOSED SALES
- The number of closed sales in the 12 months ending February 28, 2021 for the Naples and Bonita Springs Area increased 20% year-over-year (6,725 vs 5,605).
- There were 30 closed sales priced above two million compared to 11 in February 2020, a 173% increase. During the 12 months ending February 28, 2021, sales in this category increased 72% vs the same time period in 2020 (258 vs 150 units).
NEW LISTINGS / INVENTORY
- During the 12 months ending February 28, 2021, a total of 8,064 new listings were added to the market, a 2% increase vs the same time period 12 months ending February 29, 2020.
- Available inventory as of February 28, 2021 consisted of 2,877 units, a decrease of 30% vs the same time period in 2020. Current inventory represents 3.9 months of supply based on current absorption rates.
AVERAGE & MEDIAN SALES PRICE
- The year-over-year average sales price for the area was $498,094 an increase of 14% vs the same time period in 2020.
- The median sales price for the area in February 2021 increased 12% to $297,250 vs February 2020.
“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2021 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Naples Florida Monthly Real Estate Market Update is provided by Dustin Beard.”