Market Report Q3 2019 Sanibel, Ft Myers, Ft Myers Beach, Cape Coral

Bring Your Highest Expectationsâ„¢ THIRD QUARTER MARKET REVIEW FOR 2019 Sanibel and Captiva Islands / Fort Myers / Fort Myers Beach / Cape Coral

Bring Your Highest Expectations™

SANIBEL/CAPTIVA ISLANDS Single Family Homes  The median sales price over the past 12 months increased 11.2% compared to the preceding 12 months from $772,875 to $859,250, while the 12-month average price increased 9.7%, from $1,071,354 to $1,175,432.  With 51 single family closings posted during the third quarter, sales were up 50% from the third quarter of 2018. Sales over the past 12 months were down 12.7% compared to the preceding 12-month period, from 237 to 207.

Condominiums  The median sales price over the past 12 months decreased 1.9% compared to the preceding 12 months from $611,250 to $599,625, while the 12-month average price decreased 7.4%, from $729,216 to $674,919.  With 53 condominium closings during the third quarter, sales were down 26.2% from the third quarter of 2018. Sales over the past 12 months decreased 22.3% compared to the preceding 12-month period, from 179 to 139.

FORT MYERS Single Family Homes  The median sales price over the past 12 months was unchanged from to the preceding 12 months at $303,125, while the 12-month average price rose 2.9%, from $357,296 to $367,568.  With 715 single family home closings during the third quarter, sales were up 18.8% from the third quarter of 2018. Sales over the past 12 months increased 6.1% compared to the preceding 12-month period, from 2,467 to 2,617.

Condominiums  The median sales price over the past 12 months increased 3.1% compared to the preceding 12 months from $169,375 to $174,645, while the 12-month average price decreased 2% from $197,916 to 194,044.  With 726 condominium closings during the third quarter, sales were static with the third quarter of 2018. Sales over the past 12 months were static with the preceding 12-month period, at 3,069.

FORT MYERS BEACH Single Family Homes  The median sales price over the past 12 months increased 13.3% compared to the preceding 12 months from $529,438 to $600,050, while the 12-month average price rose 32.3%, from $672,468 to $889,457.  With 26 single family home closings during the third quarter, sales were down 13.3% from the third quarter of 2018. Sales over the past 12 months were down 28.6% compared to the preceding 12-month period, from 147 to 105.

Condominiums  The median sales price over the past 12 months was static compared to the preceding 12 months at $375,725, while the 12-month average price rose 1.8%, from $404,088 to $411,435.  With 57 condominium closings during the third quarter, sales were down 5.6% from the third quarter of 2018. Sales over the past 12 months were down 4.4% compared to the preceding 12-month period, from 273 to 285.

CAPE CORAL Single Family Homes  The median sales price over the past 12 months decreased 1.3% compared to the preceding 12 months, from $243,913 to $240,750, while the 12-month average price rose 1.4%, from $290,064 to $294,203.  With 1,424 single family home closings during the third quarter, sales were up 8.4% from the third quarter of 2018. Sales over the past 12 months were static with the preceding 12-month period at 5,168.

Condominiums  The median sales price over the past 12 months increased 2.5% compared to the preceding 12 months from $156,815 to $160,725, while the 12-month average price decreased 3.1%, from $201,036 to $194,718.  With 165 condominium closings during the third quarter, sales were up 4.4% from the third quarter of 2018. Sales over the past 12 months decreased 7.9% compared to the preceding 12-month period, from 710 to 654.

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 2019, 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 80

$1200000

70

$1000000

60

$800000

50 40

$600000

30

$400000

Quarterly Closed Sales

$1400000

Quarterly Closed Sales

20 $200000 $0

10 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 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q1 Q2 Q3 Q4 Q1 2014 2015 2016 2017 2018 2019

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

0

CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price $760000 Quarterly Closed Sales

Quarterly 12 Month Rolling Average Closed Sales

70

Quarterly 12 Month Rolling Average Sales Price

60

$720000 $700000 $680000

40

$660000 $640000

30

$620000

20

$600000

10

$580000 $560000

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 Q4 Q4 Q1 Q1 Q2 Q1 Q2 Q3 Q3

2014

2015

2016

2017

2018

0

Quarterly Closed Sales

50

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

$740000

2019

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 2019, 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

$350000

800 800

$340000

700 700

$330000

600 600

$320000

500 500

$310000

400 400

$300000

300 300

$290000

200 200

$280000

100 100

$270000

00

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$360000

Quarterly Closed Sales

Quarterly 12 Month Moving Average Closed Sales

1000 1000

$370000

Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1Q1Q2 Q2Q2 Q3Q3 Q4 Q4 Q1 Q1 Q2 Q3 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q2 Q1 Q3 Q4Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q3 2014

2015

2016

2017

2018

2019

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 1000

Quarterly 12 Month Rolling Average Sales Price

900 900 800 800

$190000

700 700

$185000

600 600

$180000

500 500

$175000

400 400

$170000

300 300

$165000

200 200

$160000

100 100

00

$155000

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$200000

Q1 Q2 Q3 Q3 Q1Q2 Q2Q3 Q3Q4 Q4Q1 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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2014

2015

2016

2017

2018

2019

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 2019, 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 BEACH SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

60

$800000 $700000

50

$600000

40

$500000

30

$400000 $300000

20

$200000

10

$100000 $0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$900000

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

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1Q1Q2 Q2Q2Q3 Q3Q3 Q4Q4 Q1Q1 Q2Q2 Q3 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q3 Q3 Q1 Q2 Q2 Q3 Q3 Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q2

2014

2015

2016

2017

2018

Quarterly 12 Month Moving Average Closed Sales

70

$1000000

0

2019

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

$420000

Quarterly Closed Sales Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Rolling Average Sales Price

120 100 80

$380000

60 $360000

40

$340000

20

$320000 $300000

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 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016 2017 2018 2019

0

Quarterly Closed Sales

$400000

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

$440000

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 2019, 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 2000 2000

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

1800 1800

$250000

1400 1400

$200000

1200 1200 1000 1000

$150000

800 800

$100000

600 600 400 400

$50000 $0

Quarterly Closed Sales

1600 1600

200 200 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4Q4Q1 Q1Q1 Q2Q2 Q3Q3 Q4Q4 Q1Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q1 Q4 Q1 Q1 Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 2014 2015 2016 2017 2018 2019

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

$300000

00

CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price $250000 Quarterly 12 Month Rolling Average Sales Price

$200000

200

$150000

150

$100000

100

$50000

50

$0

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

2014

2015

2016

2017

2018

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Moving Average Closed Sales

250 Quarterly Closed Sales

0

2019

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 2019, 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.”