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Monthly Market Report - October 2017

Page 1

BUA BELL

EMILY K. BUA ESTATE AGENT Emily@JohnRWood.com Office: 239.659.6115 www.BuaBellSellsNaples.com

GROUP

TADE K. BUA BROKER ASSOCIATE Tade@JohnRWood.com Mobi l e: 239 .595.0097 www.BuaBellSellsNaples.com

Experience Counts. Experience Sells

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BUA BELL I NT E R N AT I O N A L•

GROUP

LEADING REAL ESTATE COMPANIES'" efTHEWORLD

JoHNR.Wooo PROPE:RTIES


BUA BELL

1958

JoHNRWooo PROPERTIES

GROUP

Bring Your Highest Expectations"''

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales The number of closed sales year-to-date is up 4°/o over the same period in 2016. Closed sales priced above $2 million are up 23.6 °/o through October compared to the same period in 2016 (393 vs 318). During the past 12 months, closings in this segment increased 17.9°/o over the prior period (454 vs. 385).

New Listings/Inventory Available inventory on November 1, 2017 consisted of 6,088 single family homes and condominiums, down from 6,707 units on November 1, 2016. This represents 6 months-of-supply based on the sales pace over the past 12 months. During the 12 months ending October 31, 2017, a total of 19,275 new listings were added to the market, a decline of 4.4°/o over the prior 12 months.

Average and Median Sales Price Year-to-date average sales price for the area increased 4.2°/o to $538,664, up from $516,756 for the sa.me period in 2016. Median closed price is also up 4.2°/o, from $300,000 in 2016 to $312,500 in 2017. Average price of sales above $2 million remained static over the past 12 months at $3,790,746.

MARCO ISLAND Closed Sales During the 12 months ending October 31, 2017, the Marco Island area recorded 866 closings, an increase of 4.7°/o over the prior 12 months. Year-to-date 736 closings occurred compared to 730 last year. The number of closings during the month of October declined 20°/o when compared to the average number of closings for the month over the past several years. Repair completion timelines are the apparent ca.use for the decrease, rather than a lack of buyer interest.

New Listings/Inventory Available inventory on November 1, 2017 consisted of 605 units compared to 629 at the same time last year. This represents 8.4 months-of-supply based on current absorption rates. During the 12 months ending October 31, 2017, a total of 1,222 new listings were added to the Marco Island market, down 19°/o from the prior 12 months.

Average and Median Sales Price Year-to-date average price of closed sales stands at $686,219 vs. $697,768 for the same period in 2016. Average sales price for the 12 months ending October 31, 2017 is $706,272, showing little change from last year's average for the same period of $698,015. Median price for this period increased 6.3°/o from $546,796 to $580,760.

The Marco Island statistics are obtained from the Marco Island MLS system and include only those sales and current listings on Marco Island and Key Marco.

John R. Wood Properties, Bring Thur Highest Expectations. "The source of chis real property inforn1acion is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2017, and the proprietary con1pilacion of tl1at data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood lirn1. 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."

l


BUA BELL

1958

JoHNRWooo PROPERTIES

GROUP

™

Bring Your Highest Expectatiom

NEW LISTINGS / CLOSED UNITS 12-Month Comparisons

27,000

NEW LISTINGS

NAPLES, BONITA SPRINGS AND ESTERO

2010 ---------------- 24,069

24,000

2011 ---------------- 21,016 2012 ---------------- 19,730 2013 ---------------- 19,215 2014 ---------------- 18,519 2015 ---------------- 18,509 2016 ---------------- 20,168 2017 ---------------- 19,275

21,000 18,000 15,000 12,000 9,000 6,000 3,000 0

1,800

2010

2011

2012

2013

2014

2015

2016

2017

2010 ---------------- 10,793 2011 ---------------- 11,370 2012 -------- - - - ---- 11,638 2013 ---------------- 13,017 2014 ---------------- 13,229 2015 ---------------- 13,367 2016 - ----------- - - - 11,694 2017 ---------------- 12,044

NEW LISTINGS

MARCO ISLAND 2010 2011 2012

1,600

----------------- 1,690 - ---------------- 1,429

1,200

----------------2013 ----------------2014 ----------------2015 - - - -------------

1,000

2016 ----------------- 1,514 2017 ----------------- 1,222

1,400

1,350 1,396 1,399 1,366

800 600

2010 -----------------2011 -----------------2012 - - - - - -- - --- - - -

662

7 77 869 ------------------ 1,001 ------------------ 997 ------------------ 992 - - ------- - -- --- - 8 27

400 200 0

2010

2011

2012

20 13

2014

2015

2016

2017

2013 2014 2015 2016 2017 ------------------

866

John R. \Vood Properties, Bring Yo111· Highest Expectatwns. "The soUice of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2017, and the proprietary compilation of that data by John R .Wood Properties, its employees, and professional statisticians hired by the Wood firm. Aocuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data."

2


BUA .. I' BELL

1958

JoHNRWooo PROPERTIES

GROUP

rn

Bring Your Highest Expectations

AVERAGE SALES PRICE 12-Month Comparisons $550,000

NAPLES, BONITA SPRINGS AND ESTERO

$520,000 $490,000

$536k

$511k

$517k

2015

2016

2017

$687k

$698k

$706k

2015

2016

2017

$460,000 $459k

$430,000 $400,000

$417k

$370,000 $340,000 $310,000

$342k

$345k

2010

2011

$358k

$280,000 $250,000

$850,000 $800,000 $750,000 $700,000 $650,000 $600,000 $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000

2012

2013

2014

MARCO ISLAND

$543k

2010

$529k

$52lk

2011

2012

$567k

2013

$609k

2014

John R. Wood Properties, Bring Your Highest Expectations. "The source of rhis real property information is rhe copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2017, 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."

3


BUA BELL

JoHNRWooo PROPERTIES

GROUP

Bring Your Highest Expectatiom

=

Neighborhood Snapshot Report© Naples, Bonita Springs and Estero Market Area 12-Month Sold Comparison Report for Select Communities

SINGLE FAMILY HOMES Monthly Snapshot as of November 1, 2017

AVAILABLE IN VENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICES

Aqualanc Shores

23

22

12.55

$3,865.818

Audubon Country Club

26

16

19.50

$961,000

Barefoot Beach

15

13

13.85

$3,838.654

Bonita Bay

24

76

3.79

$1,172,965

Brooks

59

83

8.53

$754,859

Collier's Reserve

17

13

15.69

$1,246,819

Crossings

2

8

3.00

$883,750

Grey Oaks

32

56

G.86

$2,627,581

Kensington

10

12

10.00

$90 l.-1'i8

Lely Resort

70

108

7.78

$743,667

Mediterra

42

39

12.92

$2,066,887

8

21

4.57

$641,976

23

29

9.52

$797,817

Monterey Olde Crpress Old Naples

GG

85

9.32

$3,574,413

Palmira Golf and Country Club

29

25

13.92

$586.GG0

Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront

GS

107

7.63

$1,820,169

Park Shore/Moorin�s/Seagare/Coquina Sands Warerfronr

19

18

12.67

$3,361.056

Pelican Bay

10

49

2.45

$1,585,128

Pelican Bdy (B<1y Colony)

G

24.00

53,383,333

Pelican Landing

26

3 48

6.50

$805,884

Pelican Landing (The Colony)

10

11

10.91

Sl,483,394

Pelican Marsh

35

35

12.00

$1,163,637

Pelican Sound

3

11

3.27

$579,909

Pine Ridge

31

36

10.33

$1,468,875

Port Royal

41

28

17.57

S8,G20,241

Quail Creek

22

22

12.00

$932,341

Quail West

50

53

11.32

S2,061,531

Royal Harbor

18

31

G.97

$2,249,226

Tiburon

5

7

8.57

$2,705,714

Vanderbilt Beach

17

27

7.56

$2,122,435

Vineyards

44

58

9.10

$630 ,520

West Bay Club

15

30

6.00

$1,163,250

John R Wood Properties, Bri11g Your Hi ghest Expectations. "The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2017, 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."

4


BUA

BELL

JoHNRWooo PROPERTIES

GROUP

=

Bring Your Highest Expectations

Neighborhood Snapshot Report© Naples, Bonita Springs and Estero Market Area 12-Month Sold Comparison Report for Select Communities

CONDOMINIUMS Monthly Snapshot as of November 1, 2017 Barefoor Beach

A\'AILABLE INVENTORY 7

Bonita Bay Brooks

li7 12

Kensington Lcly Resort

110

Mediterra Olck Cypress

6

Old Naples Palmira Golf and Country Club

18

13/4

Pelican Bay Pelican Bay (Be1y Colony)

22

Pelican Landing Pelican Landing (The Colony)

50

Pelican Marsh Pelican Sound

33

Vanderbilt Beach Vineyards West Bay Club

95

$1,113,158

96

5.88

$277,319

24

14 50

$1,123,656

7

20.57

$898,214

13

15.69

$447,069

147

8.98

$324,257

17

14 82

$569,324

5

14.40

$450,840 $773,082

13

16.62

$318,754

79

8.05

$312,963

278

5.78

$1,298,725

251

4 73

$880,587

27

9.78

$2,997,959

59

10 17

$337,729

64

9.38

$939,017

65

$449,578 6.09

23 23

AVERAGE CLOSED PRICES

$615,974

61

Pine Ridge Tiburon

4.67

130

Park Shore/Moorings/Seagace/Coquina Sands - Non-Waterfront Park Shore/Moorings/Seagare/Coqui na Sands - Warerfronr

18

MONTHS OF SUPPLY

101

Dunes Grey Oaks

CLOSED PAST 12 MONTHS

$306,809 $236,904

32

8.63

$722,856

92

7.43

$728,046

107

10.65

$350,113

33

$492,682

John R Wood Properties, Bri11g Your Highest ExpectatiollS. "The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2017, 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 shouJd be independently verified if any person intends to engage in a transaction, rdying on such data."

5


BUA BELL

JoHNRWoon PROPERTIES

GROUP

Bring Your Highest Expectatiom"'

Island Snapshot Report Marco Island 12-Month Sold Comparison Report

SINGLE FAMILY HOMES Monthly Snapshot as of November 1, 2017

AVA IL ABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICES

Direct Waterfront

102

114

10.74

$1,250,825

Indirect Waterfront

95

152

7.50

$920,483

Golf Course

9

16

6.75

$488,953

Beachfront

4

48.00

$7,000,000

Inland

65

101

7.72

$500,711

Preserve

5

6

10.00

$1,120,000

MONTHS OF SUPPLY

AVERAGE CLOSED PRICES

CONDOMINIUMS Monthly Snapshot as of November 1, 2017

AVA IL ABLE INVENTORY

Direct Waterfront

64

Indirect Waterfront

CLOSED PA ST 12 MONTHS 104 27

Golf C ourse Beachfront

138

GulfView

24

7.38

9.78

$459,148

12.00

$760,000

187 31

$808,686 9.29

114

Inland

6

Preserve

13

$373,684

$752,371 $253,408

5.54

$364,731

Definitions Direct Waterfront

Properties with direct waterfront access indicates there are no bridges or the Marco Island High Span Bridge to navigate co open water.

Indirect Waterfront

Properties with indirect waterfront access indicates there is at least 1 bridge, not including the Marco Island High Span Bridge, to navigate co access open water.

Golf Course

Properties with frontage on the golf course.

Beachfront

Properties with direct views of the Gulf of Mexico and direct beachfront access.

GulfView

Properties with direct views of the Gulf of Mexico with NO direct beachfront access.

Inland

Properties with inland similar housing views.

Preserve

Properties with views of a preserve or mangroves.

John R. Wood Properties, Bring Your Highest Exp ectations.

6

"The source of this real property information is the copyrighted and proprietary database compilation of Marco Island MLS, Copyright 2017, and the proprietary compilation of that data by John R. Wood Propertie.s, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is nor guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data."


BUA BELL GROUP

EMILY K. BUA

TADE K. BUA

ESTATE AGENT Emily@JohnRWood.com Office: 239.659.6115 www.BuaBellSellsNaples.com

BROKER ASSOCIATE Tade@JohnRWood.com Mobile: 239.595.0097 www.BuaBellSellsNaples.com

Emily K. Bua has been in the Real Estate

industry since 1977, including seven years as a regional manager for Internationally recognized Coldwell Banker Real Estate. She has also managed two major U.S. corporate relocation departments. Emily holds a Bachelor's degree with a dual major in Political Science and History, as well as a Master's degree in Education, all from the University of Pittsburgh. Upon arriving in Naples in 1993, she quickly became, and has remained, in the top 1% of ALL agents in Naples. She has provided dedicated service to clients in luxury communities throughout the area, from the beach and golf course to Port Royal and Bonita Bay. Emily holds a GRI affiliation, a REALTOR affiliation and is a member of NABOR (Naples Area Board of Realtors). She has also served on NABOR's Ethics Committee. She is well known to be a fierce supporter of local charities some of which include United Learning, Champions Way, for Conservancy, PAWS, Women's Shelter to name a few.

LU:)gRY

PORT: OLIO

I N T E R N AT I O N A L0

is unlike other real estate agents in that she went directly from college into real estate. She has been in the Real Estate Industry since 1991, including six years managing a real estate office with over 125 agents for the internationally recognized Coldwell Banker Real Estate. As a result of her experience in Real Estate Sales, Management Training, and Tade possesses a wealth of enthusiasm, technology skills, negotiation skills and the ability to develop and execute results driven marketing strategies. She holds a REALTOR affiliation, is a member of NABOR (Naples Area Board of Realtors) and is a Broker Associate in Florida. Tade is especially adept at guiding her clients through the real estate process. Upon her arrival in Naples, in 2006 she joined forces with her mother, Emily K. Bua, to form a dynamic team possessing a level of combined market knowledge, experience and commitment rarely witnessed in Naples' real estate circles. Tade Bua-Bell

BUA BELL GROUP

a

LEADING REAL ESTATE COMPANIES"' efTHE WORLD

Bring Your Higlmt ExpÂŤt111ia1u"'


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