Page 2 - William Raveis June 2019 Market Report

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.

* 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.