Page 2 - William Raveis November 2018 Market Report

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending November 30, 2018 for the Naples, Bonita
Springs and Estero area increased 2% year-over-year (7,008 vs 6,872).
• There were 20 closed sales, priced above two million, in November 2018 compared to 24 in
November 2017. During the 12 months ending November 30, 2018, sales in this category increased
12% over the same time period in 2017 (406 vs 364).

NEW LISTINGS / INVENTORY
• During the 12 months ending November 30, 2018, a total of 11,644 new listings were added to the
market, this is 9% more listings than the same time period, 12 months ending November 30, 2017.
• Available inventory as of November 30, 2018 consisted of 5,171 units, an increase of 10% vs the
same time period in 2017. 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 $669,611 which improved over the same
time period in 2017, representing an increase of 6%.
• The median sales price for the area decreased 2% to $381,250 vs $390,000 in 2017.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending November 30, 2018 for the Naples, Bonita
Springs and Estero area increased 9% year-over-year (5,886 vs 5,416).
• There were 9 closed sales, priced above two million, in November 2018 compared to 5 in
November 2017, an 80% increase. During the 12 months ending November 30, 2018, sales in this
category increased 27% over the same time period in 2017 (148 vs 117 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending November 30, 2018, a total of 9,269 new listings were added to
the market, approximately 6% more listings than the same time period 12 months ending
November 30, 2017.
• Available inventory as of November 30, 2018 consisted of 4,175 units, an increase of less than 1% vs
the same time period in 2017. Current inventory represents 9 months of supply based on current
absorption rate.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $423,187, which improved over the same
time period in 2017, representing an increase of 8%.
• The median sales price stayed the same at $233,000 vs 2017.

* The source of this market data is the Southwest Florida MLS, Copyright 2018. 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.