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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.”

Market Review 2nd Quarter 2017  
Market Review 2nd Quarter 2017  

Review of the Southwest Florida Real Estate Market for the Second Quarter of 2017 John R. Wood Properties