NAPLES FLORIDA
Home of the CLHMS TM 2023 JULY
27 22 49 14 18 30 26 23 45 37 36 24 15 7 20 0 0 3 0 0 1 3 9 7 3 3 5 6 6 1 $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 $2,762,500 3 2 2 24 8% 2,000 - 2,999 $2,620,000 4 4 6 63 10% 3,000 - 3,999 $3,437,500 4 4 14 89 16% 4,000 - 4,999 $4,025,000 4 5 13 88 15% 5,000 - 5,999 $5,200,000 4 6 6 51 12% 6,000+ $12,500,000 5 7 5 78 6% NAPLES SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES | JUNE
Luxury Benchmark Price 1: $2,400,000 Buyer's Market 393 Total Inventory: 47 Total Sales: 12% 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.
2023
NAPLES SINGLE - FAMILY HOMES
MARKET TREND 4
MEDIAN DATA REVIEW | JUNE
TOTAL INVENTORY
261 393 Jun. 2022 Jun. 2023
VARIANCE: 51 %
SALE PRICE PER SQFT.
TOTAL SOLDS
VARIANCE: 18 % 40 47
SALE TO LIST PRICE RATIO
VARIANCE: - 4 % 98.49% 94.96%
SALES PRICE
VARIANCE: - 9 % $4.33m $3.94m
DAYS ON MARKET
VARIANCE: 236 % 14 47
NAPLES MARKET SUMMARY | JUNE 2023
• The Naples single-family luxury market is a Buyer's Market with a 12% Sales Ratio.
• Homes sold for a median of 94.96% of list price in June 2023.
• The most active price band is $2,500,000-$2,599,999, where the sales ratio is 86%
• The median luxury sales price for single-family homes is $3,935,000.
• The median days on market for June 2023 was 47 days, up from 14 in June 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.
13 -
Solds Median Sales Price Inventory 261 246 232 245 301 335 349 417 458 494 481 441 393 40 33 39 18 39 31 48 41 41 61 44 67 47 $4,325,000 $5,700,000 $4,200,000 $3,600,000 $3,500,000 $3,000,000 $4,537,500 $4,550,000 $4,500,000 $3,405,770 $3,325,000 $4,450,000 $3,935,000 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
MONTH LUXURY
VARIANCE: - 17 % $1,208 $997 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023
24 9 9 18 16 27 50 4 13 10 8 10 9 15 33 3 2 3 1 5 3 9 3 1 2 4 5 2 2 5 $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
HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,499 $1,400,000 2 2 5 19 26% 1,500 - 1,999 $1,755,000 2 2 11 72 15% 2,000 - 2,499 $1,827,500 3 3 14 57 25% 2,500 - 2,999 $2,500,000 3 4 12 59 20% 3,000 - 3,499 $4,197,500 3 4 5 26 19% 3,500+ $4,325,000 4 4 3 22 14%
INVENTORY VS. SALES
Luxury Benchmark Price 1: $1,275,000 Balanced Market 255 Total Inventory: 50 Total Sales: 20% 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
LUXURY
| JUNE 2023
NAPLES ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | JUNE
TOTAL INVENTORY TOTAL SOLDS
VARIANCE: 66 % 154 255
SALE PRICE PER SQFT.
VARIANCE: - 11 % $1,129 $1,002
VARIANCE: - 29 % 70 50
SALE TO LIST PRICE RATIO
100.00% 95.46%
VARIANCE: - 5 %
SALES PRICE
VARIANCE: - 9 % $2.35m $2.15m
DAYS ON MARKET
11 42
VARIANCE: 282 %
NAPLES MARKET SUMMARY | JUNE 2023
• The Naples attached luxury market is a Balanced Market with a 20% Sales Ratio.
• Homes sold for a median of 95.46% of list price in June 2023.
• The most active price band is $2,000,000-$2,099,999, where the sales ratio is 75%
• The median luxury sales price for attached homes is $2,150,000.
• The median days on market for June 2023 was 42 days, up from 11 in June 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.
154 140 129 143 142 158 174 234 273 281 299 294 255 70 22 35 29 29 31 42 137 49 78 84 82 50 $2,350,000 $2,005,500 $1,800,000 $2,100,000 $2,100,000 $2,225,000 $2,152,500 $2,195,000 $2,195,000 $2,000,000 $2,030,000 $2,100,000 $2,150,000 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Solds Sale Price Inventory
Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023
