Page 2 - William Raveis July 2019 Market Report Dustin

NAPLES, BONITA SPRINGS AND ESTERO – SINGLE FAMILY PROPERTIES

CLOSED SALES
• The number of closed sales in the 12 months ending July 31, 2019 for the Naples, Bonita
Springs and Estero area increased 6% year-over-year (7,239 vs 6,801).
• There were 34 closed sales, priced above two million, in July 2019 compared to 28 in July 2018 a
21% increase. During the 12 months ending July 31, 2019, sales in this category decreased 4% over
the same time period in 2018 (383 vs 401).

NEW LISTINGS / INVENTORY
• During the 12 months ending July 31, 2019, a total of 11,436 new listings were added to the market,
this is 5% more listings than the same time period, 12 months ending July 31, 2018.
• Available inventory as of July 31, 2019 consisted of 4,731 units, a decrease of 3% 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 $661,734 which decreased 1% over the
same time period in 2018.
• The median sales price for the area decreased 2% to $385,725 vs $394,729 in 2018.

NAPLES, BONITA SPRINGS AND ESTERO – CONDOMINIUMS

CLOSED SALES
• The number of closed sales in the 12 months ending July 31, 2019 for the Naples, Bonita Springs
and Estero area increased 3% year-over-year (5,796 vs 5,613).
• There were 6 closed sales, priced above two million, in July 2019. The same number as July 2018.
During the 12 months ending July 31, 2019, sales in this category increased 13% over the same time
period in 2018 (157 vs 139 units).
NEW LISTINGS / INVENTORY
• During the 12 months ending July 31, 2019, a total of 8,962 new listings were added to
the market, approximately 1% more listings than the same time period 12 months ending July
31, 2018.
• Available inventory as of July 31, 2019 consisted of 3,596 units, a decrease of 6% vs the same time
period in 2018. Current inventory represents 7 months of supply based on current absorption rate.

AVERAGE & MEDIAN SALES PRICE
• The year-over-year average sales price for the area was $411,418, a decrease of 1% vs the same
time period in 2018.
• The median sales price for the area increased 1% to $245,364 vs $244,203 in 2018.