Page 1

Bring Your Highest Expectationsâ„¢ FIRST QUARTER MARKET REVIEW FOR 2017 Naples / Bonita Springs / Estero / Marco Island Market Area


Bring Your Highest Expectations™

NAPLES Single Family Homes  The quarterly median sales price for single family homes remained consistent with the first quarter of 2016, while the average sales price increased 4% to $793,030.  There were 1,078 closings in the first quarter compared to 988 in the same period last year.  Months-of-supply at the end of Q1 stands at 8.7 months vs. 7.5 months for the same period last year. This is a year-over-year increase of 16%.

Condominiums  The Q1 median sales price for condominiums climbed 4% over the first quarter of 2016. Average sales price is up from $425,790 in the first quarter of 2016 to $435,439 in Q1 2017.  There were 1,178 condominium closings in the first quarter, a 16% increase over Q1 2016.  Months-of-supply rose from 6.2 months at the end of the first quarter in 2016 to 8.4 months at the end of Q1 2017.

BONITA SPRINGS AND ESTERO Single Family Homes  The Q1 median sales price remained approximately the same as prior year, while the average sales price fell 8% to $524,572.  Closings increased 16% during the first quarter to 353, up from 305 in Q1 2016.  Months-of-supply at the end of the first quarter stands at 7.1 months vs. 6.7 months for the same period last year, a 6% increase year-over-year.

Condominiums  Median sales price fell 2% over the first quarter of 2016, while the average sales price declined from $323,676 to $315,601 in Q1 2017.  The number of condominium closings in the first quarter increased 14% from 341 in Q1 2016 to 390 in 2017.  Months-of-supply at the end of the first quarter increased to 7.6 months, up from 5.5 months for the same period last year.

MARCO ISLAND Single Family Homes  The quarterly median sales price increased 6% in Q1 and average sales price increased 10% over the same period last year. The median price escalated to $873,617 while the average was $1,007,720.  There were 94 single family closings in the quarter, an increase of 29% over Q1 2017.  Months-of-supply at the end of the first quarter stands at 12.3 months, down from 13.8 months for the same period last year.

Condominiums  The Q1 median sales price rose 5% over the first quarter of 2016, while the average sales price increased 10% from $488,133 in the first quarter of 2016 to $537,116 in the current quarter.  The number of closings jumped 24% over the prior year to 140, up from 113 a year ago.  Months-of-supply at the end of the first quarter stands at 9.6 months vs. 8.1 months for the same period last 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, 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.”


Bring Your Highest Expectations™

NAPLES AREA SINGLE FAMILY HOMES

$700,000

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $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 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1

2010

2011

2012

2013

2014

2015

2016

2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

$800,000

Quarterly Closed Sales

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

2017

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

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

1,750 1,750

$600,000

1,500

$500,000

1,250 1,250

$400,000

1,000 1,000

$300,000 $200,000

750 750

$100,000 $0

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

2010

2011

2012

2013

2014

2015

2016

500 500

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$700,000

Quarterly 12 Month Moving Average Closed Sales

2,000 $800,000

2017

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.”


Bring Your Highest Expectations™

BONITA SPRINGS / ESTERO SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Moving Average Closed Sales / Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

600

$500,000

500 $400,000

400 400

$300,000

300 300

$200,000

200 200

$100,000

100 100

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

2010

2011

2012

2013

2014

2015

2016

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

700

$600,000

0 0

2017

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

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

600 600

$500,000

500 500 $400,000

400 400

$300,000

300 300

$200,000

200 200

$100,000

100 100

0 $0 0 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 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 2010 2011 2012 2013 2014 2015 2016 2017

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$600,000

Quarterly 12 Month Moving Average Closed Sales

700 700

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.”


Bring Your Highest Expectations™

MARCO ISLAND SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Moving Average Closed Sales / Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

200

$800,000 $700,000

150

$600,000 $500,000

100

$400,000 $300,000

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$900,000

50

$200,000 $100,000 $0

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

2010

2011

2012

2013

2014

2015

2016

Quarterly 12 Month Moving Average Closed Sales

250

$1,000,000

0

2017

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

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

200 200

$800,000 $700,000

150 150

$600,000 $500,000

100 100

$400,000 $300,000

50 50

$200,000 $100,000 $0

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

2010

2011

2012

2013

2014

2015

2016

0 0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$900,000

Quarterly 12 Month Moving Average Closed Sales

250 250

$1,000,000

2017

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.”

Market Report for the First Quarter of 2017  
Market Report for the First Quarter of 2017  

Southwest Florida Real Estate Market Report for the First Quarter of 2017