Market Report Q2 2018 Sanibel, Ft Myers, Ft Myers Beach, Cape Coral

Bring Your Highest Expectationsâ„¢ SECOND QUARTER MARKET REVIEW FOR 2018 Sanibel and Captiva Islands / Fort Myers / Fort Myers Beach / Cape Coral

Bring Your Highest Expectations™

SANIBEL/CAPTIVA ISLANDS Single Family Homes  The Quarter over Quarter (QoQ) rolling 12 month median price was up 5.2% from last year at $811,000, while the QoQ rolling 12 month average price increased 4.9% to $1,189,321.  The number of closings in Q2 increased 16.5% to 92 compared to 79 for Q2 2017.

Condominiums  The QoQ rolling 12 month median price was up 1.6% over last year at $597,250, while the QoQ rolling 12 month average price was up 10.7% over the same period last year at $727,585.  There were 58 closings during Q2, compared to 60 in Q2 2017.

FORT MYERS Single Family Homes  The QoQ rolling 12 month median price was up 2.8% over last year at $298,500, while the QoQ rolling 12 month average price climbed 4.1% to $365,149.  The number of closings in Q2 increased 7.7% to 767 compared to 712 for Q2 2017.

Condominiums  The QoQ rolling 12 month median price was unchanged over last year at $168,250, while the QoQ rolling 12 month average price was up 1.6% over the same period last year at $195,527.  There were 951 closings during Q2, an increase of 12.7% over Q2 last year.

FORT MYERS BEACH Single Family Homes  The QoQ rolling 12 month median price declined 8.3% from last year to $554,625 compared to $604,813 in the same period last year.

The QoQ rolling 12 month average price was down 15% to $722,500.  The number of closings in Q2 increased 45.7% to 51 compared to 35 for Q2 2017.

Condominiums  The QoQ rolling 12 month median price was down 3.1% over last year at $355,625, while the QoQ rolling 12 month average price decreased 4.3% over the same period last year to $392,000.  There were 90 closings during Q2, compared to 97 in Q2 2017.

CAPE CORAL Single Family Homes  The QoQ rolling 12 month median price increased 4.9% over last year to $232,763, while the QoQ rolling 12 month average price was up 4.6% to $281,661.  The number of closings in Q2 increased 6.2% to 1545 compared to 1455 for the period last year.

Condominiums  The QoQ rolling 12 month median price was up 12.4% over last year at $160,875, while the QoQ rolling 12 month average price increased 16.6% over the same period last year to $193,134. This increase is a result of a higher number of sales in Cape Harbour and Tarpon Point.  There were 197 closings during Q2, up 14.5% from Q2 2017.

The pricing metric used in these reports is the quarter over quarter rolling 12 month median and average price. The reason behind using these numbers is to 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, 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.”

Fort Myers data does not include Lehigh Acres or Notth Fort Myers

Bring Your Highest Expectations™

SANIBEL/CAPTIVA SINGLE FAMILY HOMES 100

Quarterly 12 Month Rolling Average Sales Price

90

$1,200,000

80

$1,000,000

70 60

$800,000

50

$600,000

40

$400,000

30

Quarterly Closed Sales

Quarterly Closed Quarterly 12 Month Rolling Sales Average Closed Sales

$1,400,000

20

$200,000

10

$0

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

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

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 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2014 2015 2016 2017 2018

CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price $760,000 Quarterly 12 Month Rolling Average Sales Price

$720,000

60 50

$700,000 $680,000

40

$660,000

30

$640,000 $620,000

20

$600,000

10

$580,000 $560,000

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

2014

2015

Q4 Q4

Q1 Q1

Q2 Q2

Q3 Q3

2016

Q4 Q4

Q4

Q1 Q1

Q1

Q2 Q2

Q2

Q3 Q3

Q3

2017

Q4 Q4

Q4

Q1 Q1

Q1

Q2 Q2

0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$740,000

Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Moving Average Closed Sales

70 Quarterly Closed Sales

Q2

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, 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™

FORT MYERS 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 12 Month Rolling Average Sales Price

900

$350,000

800

$340,000

700

$330,000

600

$320,000

500

$310,000

400

$300,000

300

$290,000

200

$280,000

100

$270,000

0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$360,000

Quarterly Closed Sales

Quarterly 12 Month Moving Average Closed Sales

1,000 1000

$370,000

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 2014

2015

2016

2017

2018

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

$195,000

Quarterly 12 Month Rolling Average Closed Sales

1,000 1000

Quarterly 12 Month Rolling Average Sales Price

900 800

$190,000

700

$185,000

600

$180,000

500

$175,000

400

$170,000

300

$165,000

200

$160,000

100 0

$155,000

Quarterly 12 Month Moving Average Closed Sales

Quarterly Closed Sales

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$200,000

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 Q1 Q2 2014

2015

2016

2017

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, 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.”

Fort Myers data does not include Lehigh Acres or Notth Fort Myers

Bring Your Highest Expectations™

FORT MYERS BEACH 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 12 Month Rolling Average Sales Price

60 60

$800,000

50 50

$700,000 $600,000

40 40

$500,000

30 30

$400,000

20 20

$300,000 $200,000

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$900,000

Quarterly Closed Sales

10 10

$100,000 $0

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

2014

Q4 Q4

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

2015

2016

2017

Quarterly 12 Month Moving Average Closed Sales

70 70

$1,000,000

00

2018

CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price $420,000 Quarterly 12 Month Rolling Average Sales Price

100

$380,000

80

$360,000

60

$340,000

40

$320,000

20

$300,000

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

Q1

Q2

Q3

2014

Q4

Q1

Q2

Q3 Q3

Q3

2015

Q4 Q4

Q4

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

2016

Q3 Q3

2017

Q4 Q4

Q1 Q2 Q1 Q2

0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

$400,000

Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Moving Average Closed Sales

120 Quarterly Closed Sales

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, 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™

CAPE CORAL SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price 2,000 2,000 Quarterly Closed Sales

$250,000

Quarterly 12 Month Rolling Average Closed Sales

Quarterly 12 Month Rolling Average Sales Price

1,800 1,800

1,400 1,400

$200,000

1,200 1,200 1,000 1,000

$150,000

800 800 $100,000

600 600 400 400

$50,000 $0

Quarterly Closed Sales

1,600 1,600

200 200 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 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2014 2015 2016 2017

Q1 Q1 Q2 Q2 Q1 Q2 2018

Quarterly 12 Month Moving Average Closed Sales

Quarterly 12 Month Moving Average Sales Price

$300,000

00

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 12 Month Rolling Average Sales Price

$200,000

200 200

$150,000

150 150

$100,000

100 100

$50,000

50 50

$0

Q1 Q1 Q2 Q2 Q3 Q3

Q1

Q22014 Q3

Q4 Q4

Q4

Q1 Q1

Q1

Q2 Q2

Q3 Q3

Q2 2015Q3

Q4 Q4

Q4

Q1 Q1

Q1

Q2 Q2

Q3 Q3

Q22016Q3

Q4 Q4

Q4

Q1 Q1

Q1

Q2 Q2

Q3 Q3

Q22017Q3

Q4 Q4

Q4

Q1 Q1

Q2 Q2

0 0

Quarterly Closed Sales

Quarterly 12 Month Moving Average Sales Price

Quarterly Closed Sales

Quarterly 12 Month Moving Average Closed Sales

250 250

$250,000

Q12018Q2

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, 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.”