Bring Your Highest Expectationsâ„¢ SECOND QUARTER MARKET REVIEW FOR 2017 Naples / Bonita Springs / Estero / Marco Island Market Area
Bring Your Highest Expectations™
NAPLES Single Family Homes The year-to-date median sales price at the end of the second quarter remained consistent with Q2 2016, while the average sales price increased 3% to $782,854. The number of closings in Q2 2017 increased 7% over the same period in 2016 to 1386 closings, compared to 1290 during the second quarter 2016. Months-of-supply at the end of Q2 stands at 6.9 months, down 4% from 7.2 months for the same period in 2016.
Condominiums The year-to-date median sales price increased 9% over the second quarter of 2016, while average sales price was up 13% ($477,461 vs. $421,038). A total of 1,572 condominium closings occurred in Q2 2017, up from 1,474 closings during the same period last year. Months-of-supply at the end of Q2 stands at 6.5 months, up 10% from the 5.9 months at the end of Q2 2016.
BONITA SPRINGS AND ESTERO Single Family Homes Through the second quarter, median sales price decreased less than 2% over prior year, while the average sales price increased 8.7% to $557,752 during the same period. There were 425 closed units during the second quarter, approximately the same as 2016 when there were 419. Months-of-supply at the end of the quarter stands at 5.5 months, a year-over-year decrease of 9.8%.
Condominiums Both median and average sales prices remained relatively stable year-over-year, with each declining approximately 3%. Median sales price at the end of the quarter is $246,568 and average price is $306,509. The number of closings increased from 458 in Q2 2016 to 511 for the second quarter 2017. Months-of-supply at the end of the quarter stands at 5.8 months vs. 5.9 months at the end of Q2 2016.
MARCO ISLAND Single Family Homes The year-to-date median sales price increased from $720,128 at the end of Q2 2016 to $733,815 in the current year. Average sales price for the period declined 5.5% to $946,587. The number of single family closings increased 15% year-over-year to 135, up from 117 in Q2 2016. Months-of-supply at the end of Q2 stands at 9.6 months, a decline of 16.5% from the same period in 2016 when there was an 11.5 month supply.
Condominiums The median sales price year-to-date declined less than 4% from Q2 2016 to $415,525. Average sales price for the period increased 9.5% to $550,901. There were 162 closings during the period vs. 167 during Q2 2016. Months-of-supply at the end of the second quarter stands at 8.6 months, an increase of 15% over Q2 2016.
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 Q2 Q2
2010
2011
2012
2013
2014
2015
2016
2,000 1,900 1,800 1800 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 1,500
$500,000
1,250 1,250
$400,000
1,000 1,000
$300,000 $200,000
750 750
$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 Q2 Q3 Q4 Q1 Q2
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 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
500 500 $400,000
400 400
$300,000
300 300
$200,000
200 200
$100,000
100
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Moving Average Closed Sales
700 700 $600,000
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 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 2010 2011 2012 2013 2014 2015 2016 2017
CONDOMINIUMS 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
600 600
$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 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2010 2011 2012 2013 2014 2015 2016 2017
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Moving Average Closed Sales
700 700
$600,000
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
$800000 $700000
150
$600000 $500000
100
$400000 $300000
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
$900000
50
$200000 $100000 $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 Q2
2010
2011
2012
2013
2014
2015
2016
Quarterly 12 Month Moving Average Closed Sales
250
$1000000
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 Q2
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.”