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.”