Page 2 - William Raveis June 2019 Market Report Dustin

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending June 30, 2019 for the Naples, Bonita
Springs and Estero area increased 5% year-over-year (7,126 vs 6,813).
• There were 39 closed sales, priced above two million, in June 2019 compared to 46 in June 2018 a
15% decrease. During the 12 months ending June 30, 2019, sales in this category increased 5% over
the same time period in 2018 (421 vs 401).

NEW LISTINGS / INVENTORY
• During the 12 months ending June 30, 2019, a total of 11,550 new listings were added to the
market, this is 6% more listings than the same time period, 12 months ending June 30, 2018.
• Available inventory as of June 30, 2019 consisted of 5,064 units, an increase of 2% vs the
same time period in 2018. Current inventory represents 9 months of supply based on current
absorption rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $661,282 which decreased 1% over the
same time period in 2018.
• The median sales price for the area decreased 8% to $375,000 vs $409,300 in 2018.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending June 30, 2019 for the Naples, Bonita Springs
and Estero area increased 4% year-over-year (5,768 vs 5,564).
• There were 25 closed sales, priced above two million, in June 2019 compared to 24 in June 2018 a
4% increase. During the 12 months ending June 30, 2019, sales in this category increased 13% over
the same time period in 2018 (156 vs 138 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending June 30, 2019, a total of 8,963 new listings were added to
the market, approximately 1% more listings than the same time period 12 months ending June
30, 2018.
• Available inventory as of June 30, 2019 consisted of 3,860 units, a decrease of 5% vs the same
time period in 2018. Current inventory represents 8 months of supply based on current absorption
rate.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $411,437, a decrease of 1% vs the same
time period in 2018.
• The median sales price for the area increased 1% to $250,000 vs $247,500 in 2018.