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Naples Florida Monthly Real Estate Market Update – January 2021

Naples Florida Real Estate Market News –
January 2021

 

 

 

 

NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending January 31, 2021 for the Naples and Bonita Springs Area increased 29% year-over-year (8,859 vs 6,892).
  • There were 67 closed sales, priced above two million, in January 2021 compared to 38 in January 2020, a 76% increase. During the 12 months ending January 31, 2021, sales in this category increased 73% over the same time period in 2020 (662 vs 382). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending January 31, 2021, a total of 10,065 new listings were added to the market, remaining relatively the same with a decrease of 1% vs the same time period 12 months ending January 31, 2020. 
  • Available inventory as of January 31, 2021 consisted of 3,194 units, a decrease of 35% vs the same time period in 2020. Current inventory represents 4.9 months of supply based on current absorption rates. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $786,153 a 14% increase vs the same time period in 2020. 
  • The median sales price for the area in January 2021 increased 15% to $491,500 vs January 2020. 

 

NAPLES AND BONITA SPRINGS – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending January 31, 2021 for the Naples and Bonita Springs Area increased 16% year-over-year (6,402 vs 5,502). 
  • There were 18 closed sales priced above two million compared to 17 in January 2020, a 6% increase. During the 12 months ending January 31, 2021, sales in this category increased 63% vs the same time period in 2020 (239 vs 147 units). 

NEW LISTINGS / INVENTORY

  • During the 12 months ending January 31, 2021, a total of 8,114 new listings were added to the market, a 3% increase vs the same time period 12 months ending January 31, 2020. 
  • Available inventory as of January 31, 2021 consisted of 2,945 units, a decrease of 25% vs the same time period in 2020. Current inventory represents 4.9 months of supply based on current absorption rates. 

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $491,351 an increase of 13% vs the same time period in 2020. 
  • The median sales price for the area in January 2021 increased 8% to $285,000 vs January 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.”