Page 2 - William Raveis September 2019 Market Report

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending September 30, 2019 for the Naples, Bonita
Springs and Estero Area increased 6% year-over-year (7,359 vs 6,957).
• There were 15 closed sales, priced above two million, in September 2019 compared to 29 in
September 2018 a 48% decrease. During the 12 months ending September 30, 2019, sales in this
category decreased 9% over the same time period in 2018 (372 vs 407).

NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2019, a total of 11,383 new listings were added to the
market, this is relatively flat vs. the same time period 12 months ending September 30, 2018.
• Available inventory as of September 30, 2019 consisted of 4,491 units, a decrease of 6% 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 $669,224 which remained relatively the
same with a decrease of less than 3% vs. the same time period in 2018.
• The median sales price for the area decreased 2% to $384,833 from $392,588 in 2018.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending September 30, 2019 for the Naples, Bonita
Springs and Estero Area was unchanged year-over-year (5,792 vs 5,799).
• There were 6 closed sales priced above two million in September 2019, the same number as
September 2018. During the 12 months ending September 30, 2019, sales in this category
increased 4% over the same time period in 2018 (125 vs 120 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending September 30, 2019, a total of 6,469 new listings were added to
the market, a 6% decrease vs. the same time period 12 months ending September 30, 2018.
• Available inventory as of September 30, 2019 consisted of 3,416 units, a decrease of 6% 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 $415,230, a decrease of 3% vs the same
time period in 2018.
• The median sales price for the area remained relatively the same with a decrease of 2% to
$245,860 vs. 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.