Market Report Q3 2018

Bring Your Highest Expectationsâ„¢ THIRD QUARTER MARKET REVIEW FOR 2018 Sanibel and Captiva Islands / Fort Myers / Fort Myers Beach / Cape Coral

Bring Your Highest Expectations™

SANIBEL/CAPTIVA ISLANDS Single Family Homes  The Quarter over Quarter (QoQ) rolling 12 month median price was up 2.5% from last year at $772,875, while the QoQ rolling 12 month average price decreased 7.2% to $1,071,354.  The number of closings in Q3 decreased 8.1% to 34 compared to 37 for Q3 2017.

Condominiums  The QoQ rolling 12 month median price was up 6.3% over last year at $611,250, while the QoQ rolling 12 month average price was up 9.9% over the same period last year at $729,216.  There were 42 closings during Q3, compared to 31 in Q3 2017.

FORT MYERS Single Family Homes  The QoQ rolling 12 month median price was up 2.5% over last year at $301,000, while the QoQ rolling 12 month average price rose by 1% to $357,296.  The number of closings in Q3 increased 11.3% to 602 compared to 541 for Q3 2017.

Condominiums  The QoQ rolling 12 month median price was unchanged from last year at $169,375, while the QoQ rolling 12 month average price was up 1.6% over the same period last year at $197,916.  There were 724 closings during Q3, an increase of 12.7% over Q3 last year.

FORT MYERS BEACH Single Family Homes  The QoQ rolling 12 month median price declined 13.3% from last year to $529,438 compared to $610,750 in the same period last year.  The QoQ rolling 12 month average price was down 21.7% to $672,468.  The number of closings in Q3 increased 11.1% to 30 compared to 27 for Q3 2017.

Condominiums  The QoQ rolling 12 month median price was up 3% over last year at $374,375, while the QoQ rolling 12 month average price decreased 1.6% from the same period last year to $404,088.  There were 54 closings during Q3, compared to 51 in Q3 2017.

CAPE CORAL Single Family Homes  The QoQ rolling 12 month median price increased 8.6% over last year to $243,913, while the QoQ rolling 12 month average price was up 5.6% to $290,064.  The number of closings in Q3 increased 7.1% to 1314 compared to 1227 for the period last year.

Condominiums  The QoQ rolling 12 month median price was up 3% over last year at $156,815, while the QoQ rolling 12 month average price increased 14.5% over the same period last year to $201,036. This increase is at least partly due to a higher number of sales at Cape Harbour and Tarpon Point  There were 158 closings during Q3, up 3.9% from Q3 2017.

The pricing metric used in these reports is the quarter over quarter rolling 12 month median and average price. The reason behind using these numbers is to show overall pricing trends as they have changed from the same quarter in the prior year.

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, Copyright 2018, 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.”

Fort Myers data does not include Lehigh Acres or Notth Fort Myers

Bring Your Highest Expectations™

SANIBEL/CAPTIVA SINGLE FAMILY HOMES

Quarterly 12 Month Rolling Average Closed Sales

100

Quarterly 12 Month Rolling Average Sales Price

90

$1,200,000

80

$1,000,000

70 60

$800,000

50 $600,000

40

$400,000

30

Quarterly Closed Sales

Quarterly Closed Sales

$1,400,000

20

$200,000

10

$0 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014

2015

2016

2017

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

00

2018

CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price $760,000

70

Quarterly 12 Month Rolling Average Sales Price

60

$720,000

50

$700,000 $680,000

40

$660,000

30

$640,000 $620,000

20

$600,000

10

$580,000 $560,000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2014

2015

2016

2017

0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$740,000

Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

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, Copyright 2018, 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.”

Bring Your Highest Expectations™

FORT MYERS SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Rolling Average Sales Price

900 900

$350,000

800 800

$340,000

700 700

$330,000

600 600

$320,000

500 500

$310,000

400 400

$300,000

300 300

$290,000

200 200

$280,000

100 100

$270,000

00

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$360,000

Quarterly Closed Sales

Quarterly 12 Month Moving Average Closed Sales

1000 1000

$370,000

Q1 Q3 Q4 Q1 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 2014

2015

2016

2017

2018

CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

$195000

Quarterly 12 Month Rolling Average Closed Sales

1000

Quarterly 12 Month Rolling Average Sales Price

900 800

$190000

700

$185000

600

$180000

500

$175000

400

$170000

300

$165000

200

$160000

100 0

$155000

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$200000

Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q2 Q3 Q3 Q4 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 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, Copyright 2018, 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.”

Fort Myers data does not include Lehigh Acres or Notth Fort Myers

Bring Your Highest Expectations™

FORT MYERS BEACH SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Rolling Average Sales Price

60 60

$800,000

50 50

$700,000 $600,000

40 40

$500,000

30 30

$400,000

20 20

$300,000 $200,000

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$900,000

Quarterly Closed Sales

10 10

$100,000 $0

Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q1 Q2 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2014

2015

2016

2017

Quarterly 12 Month Moving Average Closed Sales

70 70

$1,000,000

00

2018

CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price 120

Quarterly 12 Month Rolling Average Sales Price

100

$380,000

80

$360,000

60

$340,000

40

$320,000

20

$300,000

Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3

Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3

2014

2015

2016

2017

0

Quarterly Closed Sales

$400,000

Quarterly Closed Sales Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

$420,000

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, Copyright 2018, 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.”

Bring Your Highest Expectations™

CAPE CORAL SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price $300,000 Quarterly 12 Month Rolling Average Closed Sales

2,000 2,000

Quarterly 12 Month Rolling Average Sales Price

1,800 1,800

$250,000

1,400 1,400

$200,000

1,200 1,200 1,000 1,000

$150,000

800 800 $100,000

600 600 400 400

$50,000 $0

Quarterly Closed Sales

1,600 1,600

200 200 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly Closed Sales

00

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014

2015

2016

2017

2018

CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Rolling Average Sales Price

$200,000

200 200

$150,000

150 150

$100,000

100 100

$50,000

50 50

$0

Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4

Q1 Q1

Q2 Q2

Q3 Q3

0 0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly Closed Sales

Quarterly 12 Month Moving Average Closed Sales

250 250

$250,000

Q1 Q22014 Q3 Q4 Q1 Q22015Q3 Q4 Q1 Q22016Q3 Q4 Q1 Q2 Q2 Q3 2017Q3 Q4 Q1 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, Copyright 2018, 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.”