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Naples Florida Real Estate Market News –
June 2021

 

NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending June 30, 2021 for the Naples and Bonita Springs Area increased 59% year-over-year (10,860 vs 6,846).

  • There were 88 closed sales, priced above two million in June 2021 compared to 59 in June 2020, a 49% increase. During the 12 months ending June 30, 2021, sales in this category increased 161% over the same time period in 2020 (1,006 vs 385).

NEW LISTINGS / INVENTORY

  • During the 12 months ending June 30, 2021, a total of 10,783 new listings were added to the market, this is an 8% increase vs the same time period 12 months ending June 30, 2020.

  • Available inventory as of June 30, 2021 consisted of 2,486 units, a decrease of 44% vs the same time period in 2020. Current inventory represents 2.6 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $913,009 a 34% increase vs the same time period in 2020.

  • The median sales price for the area in June 2021 increased 45% to $580,000 vs June 2020.

NAPLES AND BONITA SPRINGS – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending June 30, 2021 for the Naples and Bonita Springs Area increased 82% year-over-year (9,113 vs 5,006).

  • There were 27 closed sales priced above two million compared to 8 in June 2020, a 238% increase. During the 12 months ending June 30, 2021, sales in this category increased 202% vs the same time period in 2020 (366 vs 121 units).

NEW LISTINGS / INVENTORY

  • During the 12 months ending June 30, 2021, a total of 8,798 new listings were added to the market, a 14% increase vs the same time period 12 months ending June 30, 2020.

  • Available inventory as of June 30, 2021 consisted of 1,581 units, a decrease of 56% vs the same time period in 2020. Current inventory represents 2 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $527,414 an increase of 22% vs the same time period in 2020.

  • The median sales price for the area in June 2021 increased 26% to $333,500 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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