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Naples Florida Real Estate Market News –
August 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 August 31, 2021 for the luxury market from Port Royal to Bonita Beach Road Area increased 88% year-over-year (751 vs 400).

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2021, a total of 716 new listings were added to the market, an increase of 5% compared to the same time period 12 months ending August 31, 2020.

  • Available inventory as of August 31, 2021 consisted of 174 units, a decrease of 51% vs the same time period in 2020 (174 vs 357). Current inventory represents 7 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $4,376,377 an increase of 27% vs the same time period in 2020.

  • The median sales price for the area in August 2021 decreased 15% to $2,450,000 vs August 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 August 31, 2021 for the luxury market from
    Port Royal to Bonita Beach Road Area increased 96% year-over-year (823 vs 419).

NEW LISTINGS / INVENTORY

  • During the 12 months ending August 31, 2021, a total of 775 new listings were added to the market,
    an increase of 4% vs the same time period 12 months ending August 31, 2020.

  • Available inventory as of August 31, 2021 consisted of 158 units, a 55% decrease vs the same time period in 2020. Current inventory represents 4.4 months of supply based on current absorption rates.

AVERAGE & MEDIAN SALES PRICE

  • The year-over-year average sales price for the area was $2,211,724, increasing 6% vs the same time period in 2020.

  • The median sales price for the area in August 2021 decreased 7% to $1,924,750 vs August 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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