Monthly Market Report - September 2017

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BUA BELL

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EMILY K. BUA

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

GROUP

TADE K. BUA

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

Experience Counts. Experience Sells

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NAPLES, BONITA SPRINGS AND ESTERO Closed Sales • The number of closed sales year-to-date for Naples, Bonita Springs and Estero increased 4.4% year-over-year.

• Closed sales priced above $2 million increased 23.7% through September compared to the same period in 2016 (370 vs 299).

During the past 12 months, closings in this segment are up 15% over the prior 12 months (450 vs. 391).

New Listings/Inventory • Available inventory on October 1, 2017 consisted of5,807 units, a decrease of4.5% from October 1, 2016. This represents 5.8 months ofsupply based on current absorption rates.

• During the 12 months ending September 30, 2017, a total of19,509 listings were added to the market, a decline of3% from the prior 12 months.

Average and Median Sales Price • Year-to-date average sales price for the area increased 4.2% to $544,229, up from $522,121 for the same period in 2016. Median closed price is approximately the same at $325,000, compared to $320,000 last year.

• Average price ofsales above $2 million remained static over the past 12 months at $3,839,000, up 3% from the 12 months ending September 30, 2016.

MARCO ISLAND Closed Sales • During the 12 months ending September 30, 2017, the Marco Island area recorded 858 residential closings, an increase of 3% over the prior 12 months (858 vs. 833).

• Year-to-date 681 closings occured compared to 662 for the same period in 2016.

New Listings/Inventory • Available inventory on October 1, 2017 consisted of607 single family homes and condominiums, down from 622 units at the same time last year. This represents 8.5 months ofsupply based on the current sales pace.

• During the 12 months ending September 30, 2017, a total of1,240 new listings were added to the Marco Island market, down 17.6% from the prior 12 months.

Average and Median Sales Price • Year-to-date average price ofclosed sales stands at $671,300 vs. $703,300 for the same period in 2016.

• Average sales price for the 12 months ending September 30, 2017 is $697,370, down slightly from $702,215 at the end of the prior 12 months. Median price increased 5.2% from $545,477 to $573,877.

HURRICANE IRMA IMPACT ON THE NUMBERS The impact from Hurricane Irma on the Southwest Florida real estate market will not be fully known for several months. As expected, the event substantially affected the month of September. Residents evacuated in large numbers, many businesses were without power and had to remain closed for prolonged periods, and real estate closings scheduled to occur during the month had to be delayed. The result was that closings in the Naples, Bonita Springs and Estero combined market were down 35% for the month when compared with September 2016, and Marco Island closings were down over 50%. In the coming months, John R. Wood Properties will carefully monitor data on all listing and sales activity by area and price range to help us fully understand the impact of the storm based on specific segments ofthe market.

At the time ofthis report, all signs point to a busy season, although it appears to be starting a little later than normal. Buyers are arriving daily and making purchases, and many winter residents are completing clean-up to their property and preparing them for the market. Restaurants and other businesses are mostly back in full swing, and traffic is heavier than a month or two ago.

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, Briug Your Highest EqJectn.tious.

"The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida Ml.S, 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."

BUA BELL

JoHNRWooo PROPERTIES

GROUP

Bring Your Highest Expectationsâ„¢

NEW LISTINGS / CLOSED UNITS 12-Month Comparisons 27,000

NEW LISTINGS

NAPLES, BONITA SPRINGS AND ESTERO

2010 ---------------- 24,041 2011 ---------------- 21,304 2012 ---------------- 19,621 2013 ---------------- 19,411 2014 ---------------- 18,498 2015 ---------------- 18,557 2016 ---------------- 20,083 2017 ---------------- 19,509

24,000 21,000 18,000 15,000

CLOSED

12,000

UNITS

9,000 6,000 3,000 0

1,800

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

---------------- 10,972 ---------------- 11,282 ---------------- 11,490 ---------------- 12,966 ---------------- 13,121 ---------------- 13,500 ---------------- 11,777 ---------------- 12,046

NEW LISTINGS

MARCO ISL AND

1,600

2010 2011 2012 2013 2014 2015 2016 2017

1,400 1,200 1,000

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

1,649 1,543 1,342 1,403 1,401 1,348 1,505 1,240

CLOSED

800

UNITS

600 400 200 0 2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

------------------ 669 ------------------ 766 ------------------ 859 ------------------ 994 ------------------ 1,004 ------------------ 980 ------------------ 833 ------------------ 879

John R. Wood Properties, Bring Your Highest Expectations.

"The source of chis real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2017, and the proprietary compilation of chat 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."

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GROUP

$550,000

Bring Your Highest Expectations=

AVERAGE SALES PRICE 12-Month Comparisons NAPLES, BONITA SPRINGS AND ESTERO

$520,000 $490,000

$507k

$520k

$534k

$460,000 $454k

$430,000 $400,000

$4llk

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

$34lk

$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

2015

2016

2017

$702k

$697k

2016

2017

MARCO ISLAND

$673k

$543k

$536k

$524k

2010

2011

2012

$563k

2013

$605k

2014

2015

John R. Wood Properties, Bring Your Highest 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."

3

BUA BELL

r:-HNi�ooo IL::ROPERTIES

GROUP

Bring Your Highest Expectations™

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

Monthly Snapshot as of October 1, 2017

SINGLE FAMILY HOMES AVAIL ABLE IN VENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICES

Aqualane Shores

23

23

12.00

$4,390,130

Barefoot Beach

14

13

12.92

$3,838,654

Audubon Country Club

16.94

$940,941

24

17

26

75

Collier's Reserve

13

13

12.00

$1,246,819

Grey Oaks

35

53

7.92

$2,581,486

71

103

Bonita Bay

Brooks

Crossings

Kensington

Lely Resort

51 3

10

81 8

4.16

7.56

4.50

15.08

$2,018,169

9.33

$791,148

8.27

21

27

Palmira Golf and Country Club

29

68

27

101

12.89

16

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

Pelican Bay

Pelican Bay (Bay Colony)

70

12 8

23

82

8.08

$1,853,488

18

10.67

$3,259,667

3

32.00

$4,516,667

11

12.00

46 53

Pelican Marsh

28

33

Pine Ridge

31

Quail Creek

22

Royal Harbor

17

33

15

29

16

25

Pelican Sound Port Royal

Quail West

Tiburon

Vanderbilt Beach

Vineyards

West Bay Club

3

42 50 6

42

$645,108

$3,623,721

23 11

3.65

$752,238

10.24

Pelican Landing

Pelican Landing (The Colony)

$901,458

39

Olde Cypress

Old Naples

$905,000

10.00

49 7

$759,637

12

Mediterra Monterey

$1,212,105

3.13

5.21

$589,315

$1,516,060

$822,472

$1,483,394

10.18

$1,163,857

37

10.05

$1,475,122

20

13.20

12

28 51

3.00

$584,500

18.00

$8,620,241

11.76

$2,081,345

6.18

7

10.29

60

8.40

$958,600

$2,269,273

$2,705,714

6.21

$2,042,957

7.68

$1,186,740

$625,205

John R. Wood Properties, Bring Your Highest Expectations.

"The source of chis real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2017, and the proprietary compilation of chat 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

r:-HN;.�00D �ROPERTIES

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 October!, 2017 Barefoot Beach

AVAILABLE IN VENTOR Y

5

Bonita Bay Brooks

45

Dunes Grey Oaks

13

Kensington Lely Resort

111

Mediterra Olde Cypress

5

Old Naples Palmira Golf and Country Club

12

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

118

Pelican Bay Pelican Bay (Bay Colony)

17

Pelican Landing Pelican Landing (The Colony)

3G

Pelican Marsh Pelican Sound

2G

Pine Ridge Tiburon

20

Vanderbilt Beach Vineyards West Bay Club

94

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICES

1G

3.75

$1,094,594

100

7.32

$619,304

91

5.93

$275,602

23

13.57

$1,121,424

7

22.29

$922,500

12

18.00

$455,158

146

9.12

$324,864

18

13.33

$568,250

G

10.00

$440,867

134

6.54

$777,218

14

10.29

$326,343

79

7.75

$325,210

280

5.0G

$1,296,955

247

3.94

$870,301

23

8.87

$3,198,909

Go

9.60

$337,183

GG

G.55

$928,888

59

8.34

$443,881

GO

5.20

$303,602

24

8.50

$232,242

34

7.06

$725,924

87

7.45

$741,687

107

10.54

$347,151

37

3.89

$487,635

John R. Wood Properties, Bring Your Highest 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."

5

BUA BELL

JoHNRWooo PROPERTIES

GROUP

Bring Your Highest Expectatiomâ„¢

Island Snapshot Report Marco Island 12-Month Sold Comparison Report

SINGLE FAMILY HOMES Monthly Snapshot as of October 1, 2017 Direct Waterfront Indirect Waterfront Golf Course Beachfront Inland Preserve

AVA IL ABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICES

l0G 94 8 5 G9 5

115 154 15 0 98 7

11.oG 7.32 G.40 0 8.45 8.57

$1,313,035 $936,778 $499,883 0 $504,376 $1,146,429

MONTHS OF SUPPLY

AVERAGE CLOSED PRICES

CONDOMINIUMS Monthly Snapshot as of October 1, 2017 Direct Waterfront

AVA IL ABLE INVENTORY

CLOSED P A ST 12 MONTHS

GG

102 2G

Indirect Waterfront Golf Course

7.7G 9.69

12.00

Beachfront

137

Gulf View

21

Inland Preserve

8

179 29 120 12

8.69 6 60

8.00

$367,859 $462,462 $760,000 $811,GGG $767,362 $250,021 $374,392

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 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, Briug

G

Your Highest Expect11.tio11s.

"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 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."

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"'