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Naples Florida Monthly Real Estate Market Update – December 2020

Naples Florida Real Estate Market News –
December 2020

 

 

 

 

NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending December 31, 2020 for the Naples and Bonita Springs Area increased 26% year-over-year (8,579 vs 6,832).
  • There were 101 closed sales, priced above two million, in December 2020 compared to 35 in December 2019, a 189% increase. During the 12 months ending December 31, 2020, sales in this category increased 68% over the same time period in 2019 (627 vs 373).

NEW LISTINGS / INVENTORY

  • During the 12 months ending December 31, 2020, a total of 10,296 new listings were added to the market, remaining relatively the same with an increase of 1% vs the same time period 12 months ending December 31, 2019.
  • Available inventory as of December 31, 2020 consisted of 3,075 units, a decrease of 30% vs the same time period in 2019. Current inventory represents 3.4 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $774,651 a 13% increase vs the same time period in 2019.
  • The median sales price for the area in December 2020 increased 21% to $498,623 vs December 2019.

 

NAPLES AND BONITA SPRINGS – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending December 31, 2020 for the Naples and Bonita Springs Area increased 13% year-over-year (6,128 vs 5,421).
  • There were 26 closed sales priced above two million compared to 7 in December 2019, a 271% increase. During the 12 months ending December 31, 2020, sales in this category increased 67% vs the same time period in 2019 (235 vs 141 units).

NEW LISTINGS / INVENTORY

  • During the 12 months ending December 31, 2020, a total of 8,273 new listings were added to the market, a 3% increase vs the same time period 12 months ending December 31, 2019.
  • Available inventory as of December 31, 2020 consisted of 2,948 units, a decrease of 16% vs the same time period in 2019. Current inventory represents 4.2 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $493,606 an increase of 15% vs the same time period in 2019.
  • The median sales price for the area in December 2020 increased 16% to $299,000 vs December 2019.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2020 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.”