NAPLES, FLORIDA GULF SHORE BOULEVARD MARKET REPORT

THIRD QUARTER 2020

2

John R. Wood Properties, Bring Your Highest Expectations.

12 MONTH NEW LISTING AND CLOSED SALES - BEACHFRONT

SUMMARY

12 MONTH AVERAGE SALES PRICE - BEACHFRONT

With 178 properties sold, sales were down 4.3% from the preceding 12-month period when 186 properties were sold. New listings were down 9.1%, from 308 to 280. The average sales price, at $1,780,036 was up 7.2% from $1,659,878. As of September 30, inventory stood at 101 units while months of supply was 6.81 months.

New Listings Average Sales PriceClosed Sales

0

100

200

300

400

2020201920182017201620152014$1,000,000

$1,250,000

$1,500,000

$1,750,000

$2,000,000

2020201920182017201620152014

NEW LISTINGS280

9.09%

CURRENT INVENTORY

101

MONTHS OF SUPPLY6.81

CLOSED SALES178

SOLD

4.30%

AVERAGE SALES PRICE$1,780,036

$

7.24%

2014 2015 2016 2017 2018 2019 2020

Listed 271 224 272 264 280 308 280

Sold 220 196 161 175 167 186 178

Avg. Sale $ $1,250,698 $1,511,048 $1,549,986 $1,514,719 $1,455,750 $1,659,878 $1,780,036

Gulf Shore Boulevard, Naples - Beachfront

BEACHFRONT

MARKET REPORT - Q3 2020

Data Represented on 12-Month Rolling Basis.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2020, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.”

Statistics include condominium units in buildings on the Gulf side of Gulf Shore Boulevard in the Naples neighborhoods of Park Shore, The Moorings, and Coquina Sands

3

John R. Wood Properties, Bring Your Highest Expectations.

12 MONTH NEW LISTING AND CLOSED SALES - BAYFRONT

SUMMARY

12 MONTH AVERAGE SALES PRICE - BAYFRONT

With 51 properties sold, sales were down 19% from the preceding 12-month period when 63 properties were sold. New listings were up 4.9%, from 103 to 108. The average sales price, at $578,415 was down 11.8% from $656,056. As of September 30, 2020, inventory stood at 36 units while months of supply was 8.47 months.

New Listings Average Sales PriceClosed Sales

0

25

50

75

100

125

2020201920182017201620152014$300,000

$400,000

$500,000

$600,000

$700,000

2020201920182017201620152014

NEW LISTINGS108

4.85%

CURRENT INVENTORY

36

MONTHS OF SUPPLY8.47

CLOSED SALES51

SOLD

19.05%

AVERAGE SALES PRICE$578,415

$

11.83%

2014 2015 2016 2017 2018 2019 2020

Listed 81 89 117 91 91 103 108

Sold 66 87 65 69 57 63 51

Avg. Sale $ $518,445 $526,910 $585,620 $629,419 $650,705 $656,056 $578,415

BAYFRONT

Gulf Shore Boulevard, Naples - BayfrontMARKET REPORT - Q3 2020

Data Represented on 12-Month Rolling Basis.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2020, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.”

Statistics include condominium units in buildings on the Bay side of Gulf Shore Boulevard in the Naples neighborhoods of Park Shore, The Moorings, and Coquina Sands.

4

Bring Your Highest Expectations™

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2020 Southwest Florida MLS. All rights reserved. The accuracy of this information is not warranted or guaranteed.” Data is MLS closed sales volume for Collier and Lee County, for 1/1/19 through 12/31/19.

John R. Wood Properties is the leading broker in Southwest Florida

FOR THE FIFTH CONSECUTIVE YEAR!

OUR SALES SPEAK VOLUMES

2019 CLOSED SALES VOLUME of the top brokerage firms in Southwest Florida

JRW #1 AGAIN in 2019

0

500000000

1000000000

1500000000

2000000000

2500000000

Royal ShellBerkshire HathowayMVP RealtyWilliam Ravis FloridaColdwell BankerDowning-Frye Realty, Inc.Premiere Plus RealtyPremier/Sotheby'sJRW'

John R. Wood Properties Premier /Sotheby’s Downing-Frye Realty, Inc.Premiere Plus Realty Coldwell Banker Berkshire Hathaway MVP RealtyWilliam Raveis - Florida Royal Shell

$2.2B

$1.7B

$1.3B

$955.90M$892.24M

$798.22M

$634.78M $631.74M

$2.4B