Page 2 - William Raveis August 2019 Market Report Dustin Beard

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending August 31, 2019 for the Naples, Bonita
Springs and Estero area increased 7% year-over-year (7,280 vs 6,804).
• There were 17 closed sales, priced above two million, in August 2019 compared to 14 in August
2018 a 21% increase. During the 12 months ending August 31, 2019, sales in this category decreased
1% over the same time period in 2018 (386 vs 391).

NEW LISTINGS / INVENTORY
• During the 12 months ending August 31, 2019, a total of 11,373 new listings were added to the
market, this is 4% more listings than the same time period, 12 months ending August 31, 2018.
• Available inventory as of August 31, 2019 consisted of 4,376 units, a decrease of 8% vs the same
time period in 2018. Current inventory represents 7 months of supply based on current absorption
rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $663,502 which remained relatively the
same with an increase of less than 1% vs. the same time period in 2018.
• The median sales price for the area decreased 2% to $386,638 vs $392,979 in 2018.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending August 31, 2019 for the Naples, Bonita Springs
and Estero area increased 2% year-over-year (5,785 vs 5,693).
• There were 6 closed sales, priced above two million, in August 2019. The same number as August
2018. During the 12 months ending August 31, 2019, sales in this category increased 11% over the
same time period in 2018 (157 vs 142 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending August 31, 2019, a total of 8,884 new listings were added to
the market, which remained relatively the same with a decrease of less than 1% vs. the same
time period 12 months ending August 31, 2018.
• Available inventory as of August 31, 2019 consisted of 3,335 units, a decrease of 10% vs the same
time period in 2018. Current inventory represents 7 months of supply based on current absorption
rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $412,773 which remained relatively the
same with a decrease of less than 1% vs. the same time period in 2018.
• The median sales price for the area was $244,115 which remained relatively the same with a
decrease of less than 1% vs. 2018.