Summer’s officially over as the kids have all gone back to school and most vacationers are back from their summer travels. We are finally creeping up on season which means cooler weather, more visitors and events! One of the first big events of the season is coming up next month…The Paradise Coast Wine & Food Experience presented by USA TODAY takes place 10/15 from 1 to 4pm in Cambier Park (Old Naples), get tickets here if interested. By the way, Florida’s Paradise Coast website is a great resource if you are looking to start planning your calendar for this coming fall/winter. This month’s newsletter features One Naples, an impressive new development located at Vanderbilt Beach just north of the well-established Ritz-Carlton Beach Resort – details and exciting updates are below.
Market analysis by Matt Brown | Luxury Real Estate Advisor | William Raveis Real Estate
RealTrends Verified: #922 Nationally & #13 in Naples (2024) · Top 1.5% of Agents Nationwide (2025)
$700M+ Career Sales · $50M+ in 2024 · CLHMS · GRI · 23+ years experience · (239) 580-8864
Top Local Real Estate News:
🥇 Travel & Leisure named Naples as one of the best places to move in the US. With more people working remotely than ever, Naples has quickly become the primary home of many urbanites relocating from cities such as Chicago and New York City. In fact, it now holds the title of the safest place to live, according to a recent U.S. News survey, and is one of the fastest-growing cities in the country, attracting not just retirees but also younger couples and families. (more info)
🏨 Site work began for The Perry Hotel Naples, a seven-story hotel targeted to open in the first quarter of 2024 next to The Bay House restaurant in North Naples. The hotel will offer 160 rooms with world–class amenities, including distinctive food and beverage venues, ground–level and rooftop pools and a seventh-floor open–air rooftop bar, 75-seat restaurant with unmatched panoramic Gulf of America (formerly Gulf of Mexico) views and an eight–slip marina for water-sports and excursions. (more info)
💰 Lee Health sold 45.6 acres fronting U.S. 41 and Coconut Road in Estero for $32 million, just across the street from the Coconut Point shopping center. The land will have to be rezoned for mixed-use planned development to create a “town center destination.” The developer hopes to break ground within two years and plans to make it a luxury, market-rate apartment complex with surrounding retail and restaurants. (more info)
Naples MLS Data August 2022
August 2022: Naples Market Trends and Commentary
📊 The Naples market activity picked up in August with increases in pending sales, average sales price and average sales price per square foot. The number of price reductions appears to have peaked in May/June and has now decreased for 2 consecutive months but is still higher than peaks seen in past years. Inventory is still constrained with only 2.2 months of supply available and we had 842 new listings come on the market in August, the 2nd lowest # in the last 3 years (only April 2020 was lower). For a couple months this past spring, properties were selling on average 1% over asking, now there is more negotiating going on with the average sale in August closing at 3.6% below last asking.
AVERAGE SALES PRICE
AVERAGE PRICE PER SQFT
NEW LISTINGS
PENDING SALES
HOMES FOR SALE
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AVERAGE DAYS ON MARKET
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New Development | ONE NAPLES
One Naples is a resort-style boutique community of just 128 luxury condominiums coming soon to Naples at Vanderbilt Beach by Stock Residences, a luxury home builder for over 20 years. There are 5 buildings total with 2 on the bay (with a 22 slip marina) and 2 towers facing the beach. One Naples offers luxury residences, penthouses and grand penthouses and features an incomparable setting with captivating gulf and bay views, luxurious amenities, a marina, and an exemplary caliber of concierge services. Residents will enjoy boating from a multi-slip marina on Vanderbilt Lagoon, luxurious pools and cabanas, fire pits, bike paths, walkways, lush landscaping, expansive open green spaces, and quick access to Vanderbilt Beach. Expected completion is summer 2025.
September Update: After a time period of accepting non-binding reservations this past spring, I’m excited to share with you that Stock Development will begin going to contract on units at One Naples starting in October. Also there are a few key changes to the project:
- One Naples will be partnering with a well-known luxury brand! Details will be announced in October.
- 11/2/22 Update: One Naples has officially announced their partnership with Ritz-Carlton and the name of the development has been rebranded as The Ritz-Carlton Residences, Naples.
- A private restaurant for residents with indoor and outdoor dining is now planned for the community and will be located on the towers amenity level, adjacent to the main pool.
- There will be a rooftop terrace on the top level of the Towers for the exclusive use of the Tower Residence owners.
- Bay Residence owners will be able to use the amenities within the Towers in addition to having their own rooftop pools and exercise area.
Bay Residences – Starting around $2.5M
- Two mid-rise buildings with five floors over one floor of parking
- Each residence is three bedrooms and three and one-half baths
- Over 3,000 SF with terraces over 400 SF featuring beautiful water and marina views
- Luxury building amenities
- Exclusive rooftop pool, sundeck, and fitness center
Tower Residences – Starting in the mid-to-high $4Ms
- Two majestic 12 story towers
- Three, four, and five-bedroom residences with en-suite baths
- Residences from over 4,000 SF to over 4,900 SF with terraces from over 600 SF
- Penthouses from over 5,600 SF with terraces from over 700 SF
- Grand Penthouses from over 8,800 SF with terraces from over 1,300 SF
- Private owners’ lobby and dedicated security and concierge
- Grand winding staircases leading to exclusive owner amenities
- Clubroom with a library, card room, bar, fireplace, piano, and lounging areas.
- Game room, catering kitchen, private movie theater, and golf simulator
- State of the art fitness center, spa with steam, sauna, and treatment rooms
- Architecturally landscaped pool deck with lap pool, resort-style pool, chaise seating, cabanas, grilling station, and stunning views
- Access to guest suites for visiting family and friends
Contact Matt Brown at (239) 580-8864 or fill out the Let’s Connect form.
Market Reports
Including previous months published market reports for Naples, Bonita/Estero and Marco Island.
Naples Nabor - July 2022
View Report
William Raveis - July 2022
View Report Marco Island - July 2022
View Report Bonita/Estero - July 2022
View ReportFeatured ListingsNaples · Updated Daily
Search Naples Homes For Sale
Below are Naples’ newest properties on the market priced above $2,000,000. See any that are interesting? Let’s connect! If you’d like to search all Southwest Florida properties, visit our website → SEARCH → Search Properties page.
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Southwest Florida & Naples Real Estate Market Reports
Each month our real estate newsletter includes previous months published market reports for the Naples Florida area, which includes the William Raveis luxury real estate market report and the Naples Board of Realtors (NABOR) market report.
Where can I download the full Naples luxury market reports?
The complete reports are available below. For the full archive, visit all Naples market reports →
William Raveis · Official Report
Naples & Bonita Springs (William Raveis) - August 2022
All price tiers, community snapshots, 12-month rolling trends. Southwest Florida MLS west of US 41.
NABOR® · Monthly Market Data
Naples Board of Realtors (NABOR) - August 2022
Full NABOR® analysis of all price segments, inventory trends and year-over-year comparisons.
Matt Brown · Monthly Newsletter
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Every past edition in one place: market data, commentary and the stories behind the numbers, month by month.
The data tells a story. Let's talk about what it means for you.
Matt Brown is one of the top-ranked luxury real estate agents in Naples, with $700M+ in career sales across Port Royal, Pelican Bay, Grey Oaks, Park Shore, and every major Naples luxury community. Whether you are buying, selling, or evaluating the market, a direct conversation with Matt covers more ground than weeks of online research.
Featured ListingsNaples · Updated Daily
