The number of closed sales in the 12 months ending March 31st, 2024 for the Naples and Bonita Springs Area decreased 11% year-over-year (6,149 vs 6,873).

There were 88 closed sales priced above two million in March 2024 compared to 98 in March 2023; a 10%decrease. During the 12 months ending March 31st, 2024, sales in this category decreased 14% over the same time period in 2023 (694 vs 805 units).

During the 12 months ending March 31st, 2024, a total of 9,792 new listings were added to the market, this is a 0.5% decrease vs the same time period 12 months ending March 31st, 2023.

Available inventory as of March 31st, 2024 consisted of 4,345 units, an increase of 28% vs the same time period in 2023. Current inventory represents 8 months of supply based on current absorption rates.

The year-over-year average sales price for the area was $1,167,980, a 0.7% decrease vs the same time period in 2023.

The median sales price for the area in March 2024 increased 5% to $749,000 vs March 2023.

The number of closed sales in the 12 months ending March 31st, 2024 for the Naples and Bonita Springs Area decreased 14% year-over-year (4,544 vs 5,276).

There were 42 closed sales priced above two million in March 2024 compared to 50 in March 2023; a 16%decrease. During the 12 months ending March 31st, 2024, sales in this category decreased 25% over the same time period in 2023 (348 vs 466 units).

During the 12 months ending March 31st, 2024, a total of 7,535 new listings were added to the market, a 10%increase vs the same time period 12 months ending March, 2023.

Available inventory as of March 31st, 2024 consisted of 3,792 units, an increase of 49% vs the same time period in 2023. Current inventory represents 10 months of supply based on current absorption rates.

The year-over-year average sales price for the area was $800,275, a 0.6% increase vs the same time period in 2023.

The median sales price for the area in March 2024 increased 8% to $518,700 vs March 2023.

Since its inception in 2009, Old Vines has epitomized the essence of casual elegance. With a focus on offering patrons fine wines, innovative cocktails, and imaginative takes on classic cuisine, coupled with warm and attentive service, the establishment has carved a niche for itself. As they prepare to launch their third location at the shops in Mercato this summer, Old Vines remains committed to providing a memorable dining experience.

OLDE NAPLES

250 South Golf Drive

3 Bed + Den • 4 Bath • $6,250,000

VISTA PALMS | LELY GOLF ESTATES

315 Saint Andrews Blvd. #D28

2 Bed • 2 Bath • $299,000

BARBADOS | THE DUNES OF NAPLES

315 Dunes Blvd. #1006

3 Bed + Den • 3 Bath • $1,895,000

ST. CROIX

4650 Saint Croix Lane #731

2 Bed • 2 Bath • $339,900

REGATTA AT VANDERBILT BEACH

410 Flagship Drive #506

3 Bed • 2.5 Bath • $1,400,000

VICTORIA PARK

260 Huntington Drive

3 Bed • 2 Bath • $819,000

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