MONTHLY MARKET REPORT - OCTOBER 2018

MONTHLY MARKET REPORT FOR OCTOBER 2018 Naples / Bonita Springs / Estero / Marco Island Market Area

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BUABELLGROUP@JOHNRWOOD.COM

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Emily K. Bua Tade Bua-Bell

Naples

T O P % 2 8 Y E A R S O F E X P E R I E N C E F R O M P O R T R OYA L T O B O N I TA B E A C H

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NAPLES, BONITA SPRINGS AND ESTERO Closed Sales The number of year-to-date closed sales for 2018 rose by 5.1% with 10,781 closings compared to 10,258 for the same period in 2017. With 12,395 closings during the 12 months ending Oct 31, 2018, sales were up 2.7% from the prior 12-month period when there were 12,068 closings.

With 469 closings year-to-date compared to 393 for the same period in 2017, the number of sales priced above $2 million increased by 19.3%.

New Listings/Inventory

Down 4.1% from the same period last year, a total of 18,481 listings were added to the market during the 12 months ending October 31, 2018.

Available inventory on November 1, 2018 consisted of 7,034 units compared to 6,088 for the same date last year, up 15.5%. It should be noted that 2017 November inventory was significantly lower due to Hurricane Irma which occurred in mid-September. When compared to 2016, this year’s November inventory was up by a more modest 4.9%.

Average and Median Sales Price

At $565,499, the average price for closed sales over the 12-month period ending October 31st increased by 5.3% when compared to the same period last year. The median sale price rose by 2.1% to $330,624.

The year-to-date average sales price for closings over $2 million increased by 5.3% to $3,588,255 when compared to the same period in 2017. The 12-month average sale price for closings in this category decreased by 2% to $3,728,834.

MARCO ISLAND Closed Sales

With 736 closings year-to-date, the rate of sales on Marco Island reflected no change when compared to 2017.

During the 12 months ending October 31st, Marco Island had 853 closings, down 1.6% from the same period last year when there were 867 closings.

New Listings/Inventory

Available inventory as of November 1st consisted of a total of 633 units, a 4.6% increase compared to 605 units at the same time last year. At 8.91, months of available inventory rose by one half of one percent when compared to the same date in 2017.

During the 12 months ending October 31st, a total of 1,331 listings were added to the Marco Island market.

This is 2.1% fewer than were added during the same period last year when 1,359 new listings entered the market.

Average and Median Sales Price

Reflecting a 16.2% increase, the year-to-date average closed price was $797,099 compared to $686,219 in 2017. At $582,616, the 12-month median sale price was static with that of 2017.

John R. Wood Properties Bring Your Highest Expectations.

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“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the W Accuracy of the information is not guaranteed; it should be independently v relying on such data.”

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

NAPLES, BONITA SPRINGS AND ESTERO

24,000

NEW LISTINGS

21,000 18,000 15,000 12,000

CLOSED UNITS

9,000 6,000 3,000 0

1,800

2010 2011 2012 2013 2014 2015 2016 2017 2018 MARCO ISLAND

NEW LISTINGS

1,600 1,400 1,200 1,000 800

CLOSED UNITS

600 400 200 0

2010 2011 2012 2013 2014 2015 2016 2017 2018

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 2018, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the W Accuracy of the information is not guaranteed; it should be independently v relying on such data.”

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AVERAGE SALES PRICE 12-Month Comparisons $575,000

NAPLES, BONITA SPRINGS AND ESTERO

$565K

$525,000

$537K $511K

$475,000 $459K

$425,000 $417K

$375,000 $325,000

$517K

$342K

$345K

$358K

$275,000 $225,000

$825,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 MARCO ISLAND

$750,000

$788K

$675,000

$687K

$600,000 $525,000 $450,000

$698K

$706K

$609K $543K

$567K $529K

$521K

$375,000 $300,000 $225,000

2010 2011 2012 2013 2014 2015 2016 2017 2018

John R. Wood Properties Bring Your Highest Expectations.

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“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the W Accuracy of the information is not guaranteed; it should be independently v relying on such data.”

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, 2018

AVAILABLE INVENTORY

Aqualane Shores

21

Barefoot Beach

16

Brooks

70

Audubon Country Club Bonita Bay

19

47

Collier’s Reserve Crossings

Kensington

Lely Resort

14

13.71

97

8.66

16

3.75

23 75

41

54

95 50

Mediterra Monterey

10.08

21

13

13

16

$1,130,058

6.86

$1,134,071

9.11

$2,539,444

9.75

4.88

31

Palmira Golf and Country Club

25

40

85

7.52

32

24

$4,597,300

$1,004,230

10.27

37

AVERAGE CLOSED PRICE

9.91

111

Olde Cypress Old Naples

MONTHS OF SUPPLY

25

12 5

Grey Oaks

CLOSED PAST 12 MONTHS

$4,865,000 $765,709 $645,480

$988,203 $642,397

16.22

$2,213,885

9.29

$787,542

$760,357

59

17.29

$3,562,831

7.50

$568,141

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

76

122

7.48

$2,072,913

Park Shore/Moorings/Seagate/ Coquina Sands Waterfront

13

20

7.80

$3,494,042

27

49

33

42

26

43

26

32

Pelican Bay

Pelican Bay (Bay Colony) Pelican Landing

Pelican Landing (The Colony) Pelican Marsh

Pelican Sound Pine Ridge

10 9

0

Port Royal

49

Quail West

57

Quail Creek Royal Harbor

Tiburon

Vanderbilt Beach

Vineyards

West Bay Club

14

18 9

21

48

15

6.61

$2,235,540

2

60.00

$3,800,000

5

21.60

$1,276,000

9

0.00

9.43

7.26 9.75

35

16.80

63

10.86

6

18.00

70

8.23

22

29 27

28

7.64

$733,273

$1,296,498 $618,333

$2,022,528

$9,902,389

$1,080,023

$2,169,862

7.45

$2,038,879

9.33

$1,588,185

6.43

$1,660,333 $642,617

$1,210,257

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 2018, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the W Accuracy of the information is not guaranteed; it should be independently v relying on such data.”

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

CONDOMINIUMS AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Barefoot Beach

5

14

4.29

$1,436,536

Bonita Bay

77

115

8.03

$618,061

Brooks

66

109

7.27

$277,121

Dunes

26

34

9.18

$1,090,020

Grey Oaks

9

16

6.75

$1,138,844

Kensington

13

28

5.57

$428,913

Lely Resort

111

151

8.82

$294,021

Mediterra

9

26

4.15

$587,606

Olde Cypress

5

7

8.57

$416,714

Olde Naples

84

112

9.00

$878,852

Palmira Golf and Country Club

16

20

9.60

$338,030

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

45

119

4.54

$432,645

Park Shore/Moorings/Seagate/Coquina Sands - Waterfront

173

252

8.24

$1,268,641

Pelican Bay

118

235

6.03

$915,567

Pelican Bay (Bay Colony)

22

30

8.80

$3,087,367

Pelican Landing

39

62

7.55

$336,395

Pelican Landing (The Colony)

60

36

20.00

$881,349

Pelican Marsh

48

80

7.20

$355,736

Pelican Sound

27

60

5.40

$310,172

Pine Ridge

16

24

8.00

$247,960

Tiburon

18

31

6.97

$885,065

Vanderbilt Beach

70

106

7.92

$926,748

Vineyards

103

118

10.47

$363,069

3

30

1.20

$515,467

Monthly Snapshot as of November 1, 2018

West Bay Club

John R. Wood Properties Bring Your Highest Expectations.

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The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the W Accuracy of the information is not guaranteed; it should be independently v relying on such data.”

Island Snapshot Report Marco Island 12-Month Sold Comparison Report

SINGLE FAMILY HOMES Monthly Snapshot as of November 1, 2018 Direct Waterfront

Indirect Waterfront

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

111

112

11.89

7

11

7.64

107

Golf Course Beachfront

1

Inland

51

Preserve

7

MONTHS OF SUPPLY

147

8.73

5

85

$1,419,589 $908,922

$765,364

2.40

$5,845,000

7.64

$1,148,750

7.20

11

AVERAGE CLOSED PRICE

$513,688

CONDOMINIUMS Monthly Snapshot as of November 1, 2018 Direct Waterfront

Indirect Waterfront Golf Course Beachfront Gulf View

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

61

114

6.42

$428,397

2

4

6.00

$817,500

8.25

$622,825

19 161

168

82

130

22

Inland

Preserve

25

2

32 9

AVERAGE CLOSED PRICE

9.12

11.50 7.57

2.67

$391,564

$940,104 $239,632

$360,444

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.

Gulf View

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 Expectations.

The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the W Accuracy of the information is not guaranteed; it should be independently v relying on such data.”

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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, Westinghouse Electric Corp. and Mellon National Bank. 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, one of Naples’ leading luxury real estate agents. 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 (Graduate, REALTOR Institute) 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 was the first recipient of the Glass Slipper award given by the Champions for learning to outstanding women. She has been on the Boards of Naples Illustrated Magazine and The Von Lebig Arts Center of Naples. Emily has also served as President of the Board of the United Way of Collier County, Co-Chair of the Capital Campaign for the Shelter for Abused Women and Children, and served on the Boards of the Learning Connection and The Education Foundation of Collier County. Her commitment to giving back to the community is well known and distinguished by an outstanding track record of community service. Emily is the proud parent of four successful adult children and has six grandchildren. Emily’s knowledge, experience, professionalism and strong negotiation skills set her apart from other agents. While readily acknowledged as a top agent, many of her clients describe her as a person of great integrity, kindness and loyalty.

Emily K. Bua Estate Agent Emily@JohnRWood.com Emily 239.659.6115

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BUABELLGROUP@JOHNRWOOD.COM

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Tade Bua-Bell

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 of over 125 agents for Coldwell Banker Real Estate in Pittsburgh. Tade holds a SRES (Seniors Real Estate Specialist®) affiliation.

As a result of her experience in real estate sales, management and training, 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 both Pennsylvania and Florida. Tade is especially adept at guiding her clients through the real estate process.

Upon her arrival in Naples, she joined forces with her mother, Estate Specialist Emily K. Bua, to form a dynamic team possessing a level of combined market knowledge, experience and commitment rarely witnessed in Real Estate circles. Clients gravitate to both Tade and Emily’s considerable skill sets and to their personalized approach to doing business. Tade specializes in thewaterfront, beachfront and golf course community luxury market and has amassed an enviable track record as oneof the real estate industry’s leading producers. Her clients have repeatedly acknowledged her superior organizational skills, integrity, discretion and exemplary service and consider her to be a true professional and “the go to person” when thinking about buying or selling luxury real estate. Tade, her husband Brad, and son Trent participate in various Community School of Naples activities, youth sports programs and Mediterra community activities. She is involved with charities throughout Naples, including serving as a Children’s Museum of Naples Guild member.

Tade Bua Bell Broker Associate Tade@JohnRWood.com Tade 239.595.0097

Emily K. Bua Tade Bua-Bell

Naples

T O P % 2 8 Y E A R S O F E X P E R I E N C E F R O M P O R T R OYA L T O B O N I TA B E A C H

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BuaBellSellsNaples.com BuaBellGroup@JohnRWood.com Emily 239-659-6115 Tade 239-595-0097