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Bring Your Highest Expectationsâ„¢ SECOND QUARTER MARKET REVIEW FOR 2018 Naples / Bonita Springs / Estero / Marco Island Market Area


Bring Your Highest Expectations™

NAPLES Single Family Homes  The Quarter over Quarter (QoQ) rolling 12 month median price increased 8.2% over the same period in 2017 to $434,750, while the QoQ rolling 12 month average price rose to $797,176, up 11.8% from the end of Q2 2017. The average sales price in the second quarter 2018 was skewed due to the June closing of a $48 million beachfront home. Without this sale, the change is 7.5%.  There were 1444 single family closings during the second quarter, up from 1408 in Q2 2017.  Months of supply at the end of the quarter stands at 6.64 months, down 9.7% from the same period last year.

Condominiums  The QoQ rolling 12 month median price fell 1% to $258,438 over the same period last year, while the QoQ rolling 12 month average price is $418,282, consistent with the same period last year.  There were 1589 closings in Q2 2018 compared to 1599 in Q2 2017.  Months of supply at the end of Q2, was 7.10 months, an increase of 9.7% over the same period last year.

BONITA SPRINGS AND ESTERO Single Family Homes  The QoQ rolling 12 month median price increased 8.3% from the same period last year to $426,340, while the rolling 12 month average price rose 1.7% to $520,976.  There were 454 closings during the quarter compared to 433 in Q2 2017.  Months of supply at the end of the quarter stands at 6.26 months, up 13.8% from Q2 2017.

Condominiums  The QoQ rolling 12 month median price was $245,135, resulting in a modest change from $241,213 last year. The QoQ 12 month average price was down 3.3% to $295,503.  The number of condominium closings during Q2 increased to 552 compared to 515 during Q2 2017.  Months of supply at the end of the quarter stands at 5.54 months compared to 5.75 months at the same time last year.

MARCO ISLAND Single Family Homes  The QoQ rolling 12 month median price declined 2.5% over last year at $743,750, while the QoQ rolling 12 month average price was consistent with last year at $952,753.  The number of closings in Q2 increased to 138 compared to 135 for the Q2 2017.  Months of supply at the end of the quarter stands at 8.41 months, down 12.3% year-over-year.

Condominiums  The QoQ rolling 12 month median price was down 2.6% from last year at $399,375 while the QoQ rolling 12 month average price is unchanged at $553,000.  There were 161 closings during Q2, unchanged from the same period last year.  Months of supply at the end of the quarter stands at 8.89 months, up 3.6% from the same period in Q2 2017.

The pricing metric used in these reports is the quarter over quarter rolling 12 month median and average price. These numbers show overall pricing trends as they have changed from the same quarter in the prior 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 2018, 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 Rolling Average Sales Price

Quarterly 12 Month Rolling Quarterly Average Closed Sales Closed Sales

$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0

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

2010

2011

2012

2013

2014

2015

2016

2017

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

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

2018

CONDOMINIUMS 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 Closed Sales

1,750 1750

$500,000

1,500 1500

$400,000

1,250 1250

$300,000

1,000 1000

$200,000

750 750

$100,000

500 500 $0 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3 Q1 Q4Q1 Q1Q2 Q2 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2 Q3Q4Q1Q2Q3Q4 2010

2011

2012

2013

2014

2015

2016

2017

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

2,000 2000 $600,000

2018

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 2018, 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 Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales

600

$500,000

500 $400,000

400 $300,000

300

$200,000

200

$100,000

100

$0

Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q1 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2Q3Q4Q1Q2

2010

2011

2012

2013

2014

2015

2016

2017

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

700

$600,000

0

2018

CONDOMINIUMS 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 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

Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2

2010

2011

2012

2013

2014

2015

2016

2017

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

700 700

$600,000

0 0

2018

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 2018, 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 Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales

200

$800,000

150 $600,000

100 $400,000

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$1,000,000

50

$200,000 $0 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Q1Q2 Q2Q3 Q3Q4 Q4Q1

2010

2011

2012

2013

2014

2015

2016

2017

Quarterly 12 Month Moving Average Closed Sales

250

$1,200,000

0

2018

CONDOMINIUMS 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 Closed Sales

200 200

$800,000

150 150

$600,000 100 100

$400,000 50 50

$200,000 $0

Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2 Q1

2010

2011

2012

2013

2014

2015

2016

2017

0 0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$1,000,000

Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Moving Average Closed Sales

250 250

$1,200,000

2018

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 2018, 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 Q2 2018 Naples, Bonita Springs, Marco  

John R. Wood Properties Q2 2018 Market Report for Naples, Bonita Springs and Marco Island

Market Report Q2 2018 Naples, Bonita Springs, Marco  

John R. Wood Properties Q2 2018 Market Report for Naples, Bonita Springs and Marco Island