Page 2 - William Raveis July 2019 Market Report

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending July 31, 2019 for the Naples, Bonita
Springs and Estero area increased 6% year-over-year (7,239 vs 6,801).
• There were 34 closed sales, priced above two million, in July 2019 compared to 28 in July 2018 a
21% increase. During the 12 months ending July 31, 2019, sales in this category decreased 4% over
the same time period in 2018 (383 vs 401).

NEW LISTINGS / INVENTORY
• During the 12 months ending July 31, 2019, a total of 11,436 new listings were added to the market,
this is 5% more listings than the same time period, 12 months ending July 31, 2018.
• Available inventory as of July 31, 2019 consisted of 4,731 units, a decrease of 3% vs the same time
period in 2018. Current inventory represents 8 months of supply based on current absorption
rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $661,734 which decreased 1% over the
same time period in 2018.
• The median sales price for the area decreased 2% to $385,725 vs $394,729 in 2018.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending July 31, 2019 for the Naples, Bonita Springs
and Estero area increased 3% year-over-year (5,796 vs 5,613).
• There were 6 closed sales, priced above two million, in July 2019. The same number as July 2018.
During the 12 months ending July 31, 2019, sales in this category increased 13% over the same time
period in 2018 (157 vs 139 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending July 31, 2019, a total of 8,962 new listings were added to
the market, approximately 1% more listings than the same time period 12 months ending July
31, 2018.
• Available inventory as of July 31, 2019 consisted of 3,596 units, a decrease of 6% vs the same time
period in 2018. Current inventory represents 7 months of supply based on current absorption rate.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $411,418, a decrease of 1% vs the same
time period in 2018.
• The median sales price for the area increased 1% to $245,364 vs $244,203 in 2018.

* The source of this market data is the Southwest Florida MLS, Copyright 2019. Accuracy of this information is reliable but not guaranteed.
Anyone who chooses to use this information to make market decisions should have this data independently verified.