Page 2 - William Raveis April 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 April 30, 2019 for the Naples, Bonita
Springs and Estero area increased 3% year-over-year (7,017 vs 6,839).
• There were 56 closed sales, priced above two million, in April 2019 compared to 55 in April 2018 a
2% increase. During the 12 months ending April 30, 2019, sales in this category increased 20% over
the same time period in 2018 (395 vs 330).

NEW LISTINGS / INVENTORY
• During the 12 months ending April 30, 2019, a total of 11,554 new listings were added to the
market, this is 6% more listings than the same time period, 12 months ending April 30, 2018.
• Available inventory as of April 30, 2019 consisted of 5,988 units, an increase of 5% vs the
same time period in 2018. Current inventory represents 10 months of supply based on current
absorption rates.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $673,474 which improved over the same
time period in 2018, representing an increase of 3%.
• The median sales price for the area decreased 3% to $414,020 vs $425,000 in 2018.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending April 30, 2019 for the Naples, Bonita Springs
and Estero area increased 3% year-over-year (5,776 vs 5,595).
• There were 26 closed sales, priced above two million, in April 2019 compared to 10 in April 2018
a 62% increase. During the 12 months ending April 30, 2019, sales in this category decreased 10%
over the same time period in 2018 (128 vs 142 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending April 30, 2019, a total of 9,048 new listings were added to
the market, approximately 2% more listings than the same time period 12 months ending April
30, 2018.
• Available inventory as of April 30, 2019 consisted of 4,875 units, a decrease of 1% vs the same time
period in 2018. Current inventory represents 10 months of supply based on current absorption
rate.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $405,140, a decrease of 4% vs the same
time period in 2018.
• The median sales price for the area increased 1% to $257,250 vs $255,000 in 2018.