Skip to main content

Monthly Market Report - November 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

Ill . Il l II! . Ill . Ill HI Ill. HI Ill Ill Ill . Ill . Ill . Ill . Ill .

•• ••

•• •• •• •• •• •• •• •• ••

\_

BUA BELL I NT E R N AT I O N A L•

GROUP

LEADING REAL ESTATE COMPANIES'" efTHEWORLD

JoHNR.Wooo PROPE:RTIES


1958

BUA BELL

JoHNRWooo PROPERTIES

GROUP

Bring Your Highest Expectations""

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales • The number of closed sales year-to-date is up 3% over the the same period in 2016. • Closed sales, priced above $2 million increased 22.5% through October compared to the same period in 2016 (424 vs. 346). During the past 12 months, closings in this segment are up 20.9% over the prior period (457 vs. 378). • Closings in November reflected the slow-down in September with 708 sales for the month compared to 829 in November 2016.

New Listings/Inventory • Available inventory on December l, 2017 consisted of 6,692 single family homes and condominiums, up from 6,537 units a year ago. This represents 6.7 months of supply based on the sales pace over the past 12 months. • During the 12 months ending November 30, 2017 there were a total of 19,290 new listings added to the market, a decline of 5% from the prior 12 months.

Average and Median Sales Price • Year-to-date average sales price for the area increased 3.8% to $535,864, up from $516,469 for the same period in 2016. Median closed price is up 5.1% to $326,500 vs. $310,000 in 2016. • Average price of sales above $2 million remained static over the past 12 months at $3,723,987, an increase of less than 2%.

MARCO ISLAND Closed Sales • During the 12 months ending November 30, 2017, the Marco Island area recorded 867 closings, an increase of 5% over the same period last year when there were 826 closings. • Year-to-date 785 closings occurred compared to 779 last year.

New Listings/Inventory • Available inventory on December l, 2017 consisted of a total of 619 single family homes and condominiums compared to 758 at the same time last year. This represents 8.6 months of supply based on current absorption rates. • During the 12 months ending November 30, 2017, a total of 1,303 new listings were added to the Marco Island market, down 11 % from the prior 12 months.

Average and Median Sales Price • Year-to-date average price of closed sales stands at $723,505 vs. $702,750 for the same period in 2016. • Average sales price for the 12 months ending November 30, 2017 is $725,372, up 3.7% from last year's average of $699,774. Median price for this period increased 6.4% to $576,944.

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. \VoodProperties, Bring Your Highest Expectations. "The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, lv!arco 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 finn. Accuracy ofthe 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

24,000

2010 ---------------- 24,203 2011 ---------------- 20,861

21,000

2012 ---------------- 19,606 2013 ---------------- 19,051

18,000

2014 ---------------- 18,412 2015 ---------------- 18,638 2016 ---------------- 20,315 2017 ---------------- 19,290

15,000 12,000 9,000

2010 ---------------- 10,729 2011 ---------------- 11,424 2012 ---------------- 11,815

6,000 3,000 0 2010

1,800

2011

2012

2013

2014

2015

2016

2017

2013 2014 2015 2016

-------------------------------------------------------------

12,978 13,208 13,321 11,732

2017 ---------------- 11,994

NEW LISTINGS

MARCO ISLAND

2010 ----------------- 1,686 2011 ----------------- 1,432

1,600

2012 2013 2014 2015

1,400 1,200

-----------------------------------------------------------------

1,358 1,420 1,389 1,398

2016 ----------------- 1,469 2017 ----------------- 1,303

1,000 800 600 400 200 0

2010

2011

2012

2013

2014

2015

2016

2017

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

794 872

2013 2014 2015 2016 2017

867

650

------------------ 1,012 ------------------ 992 ------------------ 980 ------------------ 826 ------------------

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 BELL

1958

JoHNRWooo PROPERTIES

GROUP

.,,.

Bring Your Highest Expectations ,

AVERAGE SALES PRICE 12-Month Comparisons

$550,000 $520,000

NAPLES, BONITA SPRINGS AND ESTERO

$490,000 $460,000

$514k

2015

2016

$466k

$430,000 $400,000

$413k

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

$519k

$536k

$342k

$347k

$365k

$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

2010

2011

2012

2013

2014

2017

MARCO ISLAND

$678k

$700k

$725k

$627k $536k

$535k

2010

2011

$574k $519k

2012

2013

2014

2015

2016

2017

John R. \'v'ood Properties, Bring Yorn· Highest Expectalions. "The souroc: of this real property information is the copyrighted and proprietary database compilation o f Southwest Florida MLS, Marco Island MLS, Copyright 2017, and the proprietary compilation of that data byJohn R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; i t should be independently verified if any person intends to engage in a transaction, relying on such data.•

3


8B

BUA BELL

)!)58

JottNRWooo 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 December 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

l\tIONTHS OF SUPPLY

AVERAGE CLOSED PRICES

f\qualane Shores

21

22

l l .4 5

$3,865,818

Audubon Country Club

28

16

21.00

$961,000

Barefoor Beach

15

12

15.00

$3,866,875

Bonita Bay

32

71

5.4 I

$1,175,921

Brooks

67

79

10. I8

$755,967

Collier's Reserve

16

12

16.00

$1,242,388

Crossings

6

8

9.00

$883,750

Grey Oaks

36

54

8.00

$2,564,251

l(ensington

12

12

12.00

$901,458

Lely Resort

83

104

9.58

$737,105

f\ fed irerra

48

36

16.00

$2,082,456

Monterey

10

20

6.00

$642,425

Olde Cypress

21

28

9.00

$796,846

Old Naples

72

80

I0.80

$3,642,189

Palniira Golf :ind Counrry Club

27

20

I6.20

$579,325

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

87

106

9.85

$1,817,529

P:1 rk Shore/lV!oori ngs/Seaga f<'/ Coq u ina Sands \X/arerfronr

2. )

17

16. ,4

Pelican Bay

11

47

2.81

$1,553,112

Pelican Bay (Bay Colony)

9

3

36.00

$3,383,333

Pelican Landing

25

44

6.82

$791,692

Pelican Landing (The Colony)

12

II

13.09

$1,483,394

Pelican Marsh

35

31

13.55

$1,172,251

Pelican Sound

2

II

2.18

S579,909

Pine Ridge

35

33

12.73

$1,458,621

Port Royal

44

27

19.56

$8,513,583

Quail Creek

20

21

$888,643

(-!_uail \Vesr

49 27

$ '',050,66 l

Royal Harbor

54 17

11 .43 13.' ., 7.56

$2,173,556

Tiburon

5

7

8.57

$2,705,714

Vanderbilt Beach

19

27

8.44

$2,122,435

Vineyards

50

51

I I.76

$621,868

West Bay Club

I3

30

5.20

$1,163,250

··11.]l.(il.7

�- ,'I -�, )'/

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."

4


88

BUA BELL

1958

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 December 1, 2017 Barcfoor Beach

AVAILABLE INVENTORY 8

Bonita Bay Brooks

54

Dunes Grey Oaks

Il

Kensington Lely l�esort

118

Mediterra Olde Cypress

5

Old Naples Palrnira Golf and Country Club

17

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

Park Shore/ i\tloorin gs/ Seagare/Coqu i na Sands - Waterli·ont

25

61

Pelican Marsh Pelican Sound

27

Pine Ridge l"ib11ron

25

Vanderbilt Beach \/incyards West Bay Club

18

5.33

$],] 13,158

96

9.13

$617,410

89

7.28

$279,394

24

19.00

$1,123,656

7

18.86

$898,214

12

17 .00

$448,075

138

I 0.26

$321,905

16

16.50

$568,656

5

12.00

$450,840

121

8.33

$783,952

12

17.00

$321,992 $312,609

7.67

$1,268,586

244

5.26

$882,330

26

11. 54

$2,876,727

57

11.16

$336,877

GO

12.20

$877,764

54

11.56

$454,153

GO

5.40

$308,843

22

8.18

$237,245

30

I O. 00

$7 1'>,81J

87

9 .10

$731,382

101

12. 59

$351,110

32

4.88

$495,891

161

Pelican Landing Pelican Landing (The Colony)

AVERAGE CLOSED PRICES

74

Pelican Bay Pelican Bay (Bay Colony)

CLOSED PAST 12 MONTHS

106

John R. Wood Properties, Bring Yo11r Highest Expectations. "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 byJohn 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."

5


BUA BELL

Jf)58

JoHNRWooo PROPERTIES

GROUP

Bring Your Highest Expectation/"

Island Snapshot Report Marco Island 12-Month Sold Comparison Report

SINGLE FAMILY HOMES Monthly Snapshot as of December 1, 2017

AVAILABLE IN VENTORY

CLOSED PAST 12 l\tlONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICES

Direct Waterfront

107

115

11.17

$1,329,648

Indirect Waterfront

103

142

8.70

$916,020

Golf Course

8

15

6.40

$488,883

Beachfront

5

2

30.00

$5,675,000

Inland

65

103

7.57

$498,882

Preserve

5

6

10.00

$1,120,000

CONDOMINIUMS Monthly Snapshot as of December 1, 2017 Direct Waterfront

AVAILABLE IN VENTORY

CLOSED PAST 12 MONTHS

67

103

7.81

$3-6,738

29

9 .52

$445,448

l

0.00

$760,000

182

9 .03 9 82

$845,466

Indirect Waterfront Golf Course Beachfront

27

(;11lfVic,v

35 123

Inland

5

Preserve

13

AVERAGE CLOSED PRICES

$73(>,i'73

6.54

$253,934

4.62

$359,731

Definitions Direct Waterfront

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

Golf Course

Properties wicl1 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 wiili inland similar housing views.

Preserve

Properties wiili views of a preserve or tnangroves.

John R. \Vood Properties, Bring Your Highest Expectations.

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 Properties, its employees, and professional statisticians hired b y the Wood firm. AocUiacy of the information is not 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"'


Turn static files into dynamic content formats.

Create a flipbook
Monthly Market Report - November 2017 by The Bua Bell Group - Issuu