NAPLES, FLORIDA GULF SHORE BOULEVARD MARKET REPORT

SECOND 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 162 properties sold, sales were down 11% from the preceding 12-month period when 182 properties were sold. New listings were down 10.6%, from 301 to 269. The average sales price, at $1,743,996 was up 11.2% from $1,567,818. As of June 30, 2020, inventory stood at 119 units while months of supply was 8.81 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 LISTINGS269

10.63%

CURRENT INVENTORY

119

MONTHS OF SUPPLY8.81

CLOSED SALES162

SOLD

10.99%

AVERAGE SALES PRICE$1,743,996

$

11.24%

2014 2015 2016 2017 2018 2019 2020

Listed 302 232 265 271 263 301 269

Sold 226 201 158 183 164 182 162

Avg. Sale $ $1,271,688 $1,426,407 $1,602,850 $1,478,965 $1,518,424 $1,567,818 $1,743,996

Gulf Shore Boulevard, Naples - Beachfront

BEACHFRONT

MARKET REPORT - Q2 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 47 properties sold, sales were down 21.7% from the preceding 12-month period when 60 properties were sold. New listings were down 5%, from 101 to 96. The average sales price, at $651,487 was up 1.7% from $640,413. As of June 30, 2020, inventory stood at 39 units while months of supply was 9.96 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 LISTINGS96

4.95%

CURRENT INVENTORY

39

MONTHS OF SUPPLY9.96

CLOSED SALES47

SOLD

21.67%

AVERAGE SALES PRICE$651,487

$

1.73%

2014 2015 2016 2017 2018 2019 2020

Listed 88 92 101 101 90 101 96

Sold 69 77 75 70 56 60 47

Avg. Sale $ $508,874 $502,834 $572,593 $630,046 $626,195 $640,413 $651,487

BAYFRONT

Gulf Shore Boulevard, Naples - BayfrontMARKET REPORT - Q2 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