NAPLES FLORIDA
2023 JUNE
Home of the CLHMS TM
26 23 54 19 22 34 33 24 49 41 44 32 17 7 16 2 1 3 4 3 2 4 6 11 2 13 9 6 1 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 $2,945,000 3 2 4 27 15% 2,000 - 2,999 $3,000,000 3 4 11 62 18% 3,000 - 3,999 $3,200,000 4 4 18 104 17% 4,000 - 4,999 $4,975,000 4 5 20 104 19% 5,000 - 5,999 $7,700,000 5 6 5 62 8% 6,000+ $11,017,600 5 8 9 82 11% NAPLES SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES |
Luxury Benchmark Price 1: $2,400,000 Balanced Market 441 Total Inventory: 67 Total Sales: 15% 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.
MAY 2023
NAPLES
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 $4,210,000 $4,325,000
$5,700,000 $4,200,000 $3,600,000 $3,500,000 $3,000,000
$4,450,000 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23
TOTAL INVENTORY
$4,537,500 $4,550,000 $4,500,000 $3,405,770 $3,325,000
TOTAL SOLDS
SALES PRICE
227 441 May 2022 May 2023
VARIANCE: 94 %
SALE PRICE PER SQFT.
88 67
VARIANCE: - 24 %
SALE TO LIST PRICE RATIO
VARIANCE: - 5 % 98.88% 94.34%
VARIANCE: 6 % $4.21m $4.45m
DAYS ON MARKET
10 42
VARIANCE: 1 % $1,095 $1,109 May 2022 May 2023 May 2022 May 2023 May 2022 May 2023 May 2022 May 2023 May 2022 May 2023
VARIANCE: 320 %
NAPLES MARKET SUMMARY | MAY 2023
• The Naples single-family luxury market is a Balanced Market with a 15% Sales Ratio.
• Homes sold for a median of 94.34% of list price in May 2023.
• The most active price band is $2,600,000-$2,799,999, where the sales ratio is 35%
• The median luxury sales price for single-family homes is $4,450,000.
• The median days on market for May 2023 was 42 days, up from 10 in May 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.
MEDIAN DATA REVIEW | MAY Solds Median Sales Price Inventory 227 261 246 232 245 301 335 349 417 458 494 481 441 88 40 33 39 18 39 31 48 41 41 61 44 67
30 11 8 19 18 32 56 4 10 12 12 9 21 18 34 3 1 6 4 7 8 15 2 4 5 6 5 5 4 7 $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 $1,487,500 2 2 8 19 42% 1,500 - 1,999 $1,701,000 2 2 15 87 17% 2,000 - 2,499 $2,000,000 3 3 20 68 29% 2,500 - 2,999 $2,125,000 3 4 20 64 31% 3,000 - 3,499 $3,950,000 3 4 11 27 41% 3,500+ $3,925,000 3 4 8 29 28%
INVENTORY
Luxury Benchmark Price 1: $1,275,000 Seller's Market 294 Total Inventory: 82 Total Sales: 28% 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
VS. SALES | MAY 2023
NAPLES ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | MAY
TOTAL INVENTORY TOTAL SOLDS
VARIANCE: 124 % 131 294
SALE PRICE PER SQFT.
VARIANCE: 2 % $967 $987
VARIANCE: - 27 % 113 82
SALE TO LIST PRICE RATIO
100.00% 97.12%
VARIANCE: - 3 %
SALES PRICE
$2.20m $2.10m
VARIANCE: - 5 %
DAYS ON MARKET
VARIANCE: 300 % 7 28
NAPLES MARKET SUMMARY | MAY 2023
• The Naples attached luxury market is a Seller's Market with a 28% Sales Ratio.
• Homes sold for a median of 97.12% of list price in May 2023.
• The most active price band is $4,100,000-$4,599,999, where the sales ratio is 75%
• The median luxury sales price for attached homes is $2,100,000.
• The median days on market for May 2023 was 28 days, up from 7 in May 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.
131 154 140 129 143 142 158 174 234 273 281 299 294 113 70 22 35 29 29 31 42 137 49 78 84 82 $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 $2,195,000 $2,000,000 $2,030,000 $2,100,000 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Solds Sale Price Inventory
May 2022 May 2023 May 2022 May 2023 May 2022 May 2023 May 2022 May 2023 May 2022 May 2023 May 2022 May 2023
