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Naples Florida Real Estate Market News –
June 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 June 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 123% year-over-year (779 vs 349).

NEW LISTINGS / INVENTORY

  • During the 12 months ending June 30, 2021, a total of 743 new listings were added to the market, an increase of 14% compared to the same time period 12 months ending June 30, 2020.

  • Available inventory as of June 30, 2021 consisted of 209 units, a decrease of 50% vs the same time period in 2020 (209 vs 414). Current inventory represents 3.1 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $4,091,902 an increase of 12% vs the same time period in 2020.

  • The median sales price for the area in June 2021 remained relatively the same with a decrease of less than 1% to $3,225,000 vs June 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 June 30, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 162% year-over-year (867 vs 331).

NEW LISTINGS / INVENTORY

  • During the 12 months ending June 30, 2021, a total of 850 new listings were added to the market, an increase of 31% vs the same time period 12 months ending June 30, 2020.

  • Available inventory as of June 30, 2021 consisted of 184 units, a 51% decrease vs the same time period in 2020. 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 $2,109,310, remaining relatively the same with a decrease of less than 1% vs the same time period in 2020.

  • The median sales price for the area in June 2021 increased 3% to $1,653,263 vs June 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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