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Naples Florida Real Estate Market News –
April 2021

LUXURY MARKET

 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending April 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 87% year-over-year (693 vs 371). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending April 30, 2021, a total of 752 new listings were added to the market, an increase of 23% compared to the same time period 12 months ending April 30, 2020. 

  • Available inventory as of April 30, 2021 consisted of 280 units, a decrease of 33% vs the same time period in 2020 (280 vs 420). Current inventory represents 2.9 months of supply based on current absorption rates. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $4,089,541, an increase of 13% vs the same time period in 2020. 

  • The median sales price for the area in April 2021 increased 8% to $3,050,000 vs April 2020. 

LUXURY MARKET $1M+ (WEST OF 41)

PORT ROYAL TO BONITA BEACH ROAD – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending April 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 99% year-over-year (750 vs 377). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending April 30, 2021, a total of 873 new listings were added to the market, an increase of 47% vs the same time period 12 months ending April 30, 2020. 

  • Available inventory as of April 30, 2021 consisted of 271 units, a 26% decrease vs the same time period in 2020. Current inventory represents 2.4 months of supply based on current absorption rates. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $2,140,010, an increase of 2% vs the same time period in 2020. 

  • The median sales price for the area in April 2021 increased 16% to $1,680,000 vs April 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.”

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