NAPLES FLORIDA
Home of the CLHMS TM 2023 FEBRUARY
19 21 41 10 24 25 33 40 44 38 43 37 20 9 13 0 2 4 1 1 3 4 4 7 2 4 5 4 0 0 $20,000,000+ $15,000,000 - $19,999,999 $10,000,000 - $14,999,999 $9,000,000 - $9,999,999 $8,000,000 - $8,999,999 $7,000,000 - $7,999,999 $6,000,000 - $6,999,999 $5,000,000 - $5,999,999 $4,000,000 - $4,999,999 $3,500,000 - $3,999,999 $3,000,000 - $3,499,999 $2,800,000 - $2,999,999 $2,600,000 - $2,799,999 $2,500,000 - $2,599,999 $2,400,000 - $2,499,999 Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $5,300,000 3 3 2 28 7% 2,000 - 2,999 $3,750,000 4 3 4 79 5% 3,000 - 3,999 $4,875,000 4 5 14 87 16% 4,000 - 4,999 $3,050,000 4 6 10 97 10% 5,000 - 5,999 $8,375,000 5 6 8 55 15% 6,000+ $5,750,000 5 9 3 71 4% NAPLES SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | JANUARY 2023 Luxury Benchmark Price 1: $2,400,000 Buyer's Market 417 Total Inventory: 41 Total Sales: 10% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
MEDIAN DATA REVIEW | JANUARY
TOTAL INVENTORY
132 417 Jan. 2022 Jan. 2023
VARIANCE: 216 %
SALE PRICE PER SQFT.
TOTAL SOLDS
VARIANCE: 8 % 38 41
SALE TO LIST PRICE RATIO
100.00% 94.49%
VARIANCE: - 6 %
SALES PRICE
VARIANCE: 23 % $3.69m $4.55m
DAYS ON MARKET
VARIANCE: 124 % 25 56
NAPLES MARKET SUMMARY | JANUARY 2023
• The Naples single-family luxury market is a Buyer's Market with a 10% Sales Ratio.
• Homes sold for a median of 94.49% of list price in January 2023.
• The most active price band is $2,600,000-$2,799,999, where the sales ratio is 20%
• The median luxury sales price for single-family homes is $4,550,000.
• The median days on market for January 2023 was 56 days, up from 25 in January 2022.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
Solds Median Sales Price Inventory 132 124 162 196 227 261 246 232 245 301 335 349 417 38 37 69 79 88 40 33 39 18 39 31 48 41 $3,686,500 $4,200,000 $4,680,000 $3,820,000 $4,210,000 $4,325,000 $5,700,000 $4,200,000 $3,600,000 $3,500,000 $3,000,000 $4,537,500 $4,550,000 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23
VARIANCE: 19 % $1,056 $1,260 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023
21 6 8 12 15 33 31 6 15 13 13 9 21 13 18 4 0 1 4 9 20 44 10 6 9 14 5 7 2 2 $5,100,000+ $4,600,000 - $5,099,999 $4,100,000 - $4,599,999 $3,600,000 - $4,099,999 $3,100,000 - $3,599,999 $2,600,000 - $3,099,999 $2,100,000 - $2,599,999 $2,000,000 - $2,099,999 $1,900,000 - $1,999,999 $1,800,000 - $1,899,999 $1,700,000 - $1,799,999 $1,600,000 - $1,699,999 $1,500,000 - $1,599,999 $1,400,000 - $1,499,999 $1,275,000 - $1,399,999 Inventory Sales
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,692,500 2 2 2 17 12% 1,500 - 1,999 $2,074,500 2 2 8 57 14% 2,000 - 2,499 $1,762,500 3 3 4 56 7% 2,500 - 2,999 $1,950,000 3 3 9 47 19% 3,000 - 3,499 $2,260,000 4 4 112 31 361% 3,500+ $2,515,000 5 7 2 26 8%
INVENTORY VS. SALES
Luxury Benchmark Price 1: $1,275,000 Seller's Market 234 Total Inventory: 137 Total Sales: 59% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
NAPLES ATTACHED HOMES
LUXURY
| JANUARY 2023
NAPLES ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | JANUARY
TOTAL INVENTORY TOTAL SOLDS
VARIANCE: 182 % 83 234
SALE PRICE PER SQFT.
VARIANCE: - 28 % $998 $722
VARIANCE: 163 % 52 137
SALE TO LIST PRICE RATIO
100.00% 100.00%
VARIANCE: 0 %
SALES PRICE
VARIANCE: 8 % $2.03m $2.20m
DAYS ON MARKET
10 15
VARIANCE: 50 %
NAPLES MARKET SUMMARY | JANUARY 2023
• The Naples attached luxury market is a Seller's Market with a 59% Sales Ratio.
• Homes sold for a median of 100.00% of list price in January 2023.
• The most active price band is $2,000,000-$2,099,999, where the sales ratio is 167%
• The median luxury sales price for attached homes is $2,195,000.
• The median days on market for January 2023 was 15 days, up from 10 in January 2022.
3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data reported includes Active and Sold properties and does not include Pending properties.
83 74 94 106 131 154 140 129 143 142 158 174 234 52 53 83 88 113 70 22 35 29 29 31 42 137 $2,025,000 $2,250,000 $2,100,000 $1,962,500 $2,200,000 $2,350,000 $2,005,500 $1,800,000 $2,100,000 $2,100,000 $2,225,000 $2,152,500 $2,195,000 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Solds Sale Price Inventory
Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023
