Page 2 - William Raveis December 2018 Market Report

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending December 31, 2018 for the Naples, Bonita
Springs and Estero area increased 3% year-over-year (7,033 vs 6,825).
• There were 19 closed sales, priced above two million, in December 2018 compared to 22 in
December 2017. During the 12 months ending December 31, 2018, sales in this category increased
13% over the same time period in 2017 (405 vs 358).

NEW LISTINGS / INVENTORY
• During the 12 months ending December 31, 2018, a total of 11,629 new listings were added to the
market, this is 9% more listings than the same time period, 12 months ending December 31, 2017.
• Available inventory as of December 31, 2018 consisted of 5,134 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 $671,136 which improved over the same
time period in 2017, representing an increase of 7%.
• The median sales price for the area increased 3% to $395,000 vs $385,000 in 2017.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending December 31, 2018 for the Naples, Bonita
Springs and Estero area increased 9% year-over-year (5,88 vs 5,417).
• There were 7 closed sales, priced above two million, in December 2018 compared to 8 in
December 2017, a 13% decrease. During the 12 months ending December 31, 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 December 31, 2018, a total of 9,257 new listings were added to
the market, approximately 6% more listings than the same time period 12 months ending
December 31, 2017.
• Available inventory as of December 31, 2018 consisted of 4,230 units, an increase of 2% 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 $420,782, which improved over the same
time period in 2017, representing an increase of 7%.
• The median sales price for the area increased 3% to $241,000 vs 2017.

* 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.