Naples Florida Real Estate Market News –
March 2021

 

 

NAPLES AND BONITA SPRINGS – SINGLE FAMILY PROPERTIES

CLOSED SALES

  • The number of closed sales in the 12 months ending March 31, 2021 for the Naples and Bonita Springs Area increased 30% year-over-year (9,432 vs 7,229).
  • There were 127 closed sales, priced above two million in March 2021 compared to 61 in March 2020, a 108% increase. During the 12 months ending March 31, 2021, sales in this category increased 85% over the same time period in 2020 (765 vs 414).

NEW LISTINGS / INVENTORY

  • During the 12 months ending March 31, 2021, a total of 10,205 new listings were added to the market, remaining relatively the same, with an increase of 1% vs the same time period 12 months ending March 31, 2020.
  • Available inventory as of March 31, 2021 consisted of 3,222 units, a decrease of 34% 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 $838,814 a 21% increase vs the same time period in 2020.
  • The median sales price for the area in March 2021 increased 29% to $544,960 vs March 2020.

 

NAPLES AND BONITA SPRINGS – CONDOMINIUMS

CLOSED SALES

  • The number of closed sales in the 12 months ending March 31, 2021 for the Naples and Bonita Springs Area increased 28% year-over-year (7,279 vs 5,695).
  • There were 39 closed sales priced above two million compared to 32 in March 2020, a 22% increase. During the 12 months ending March 31, 2021, sales in this category increased 57% vs the same time period in 2020 (266 vs 169 units).

NEW LISTINGS / INVENTORY

  • During the 12 months ending March 31, 2021, a total of 8,387 new listings were added to the market, a 7% increase vs the same time period 12 months ending March 31, 2020.
  • Available inventory as of March 31, 2021 consisted of 2,702 units, a decrease of 32% 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 $498,370 an increase of 12% vs the same time period in 2020.
  • The median sales price for the area in March 2021 increased 13% to $305,000 vs March 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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