Bring Your Highest Expectationsâ„¢ THIRD QUARTER MARKET REVIEW FOR 2017 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 slightly over the same period in 2016 to $412,506 while the QoQ rolling 12 month average price rose to $740,833, up 3.5% from the end of Q3 2016. There were 959 single family closings during the third quarter, down from 1075 in Q3 2016. Months-of-supply at the end of the quarter stands at 6.6 months, approximately the same as this time last year.
Condominiums The QoQ rolling 12 month median price increased 3.9% over the same period last year, while the rolling 12 month average price is $419,963, up 4.9% from the end of Q3 2016. There were 902 closings in Q3 2017 compared to 930 in Q3 2016. Months-of-supply at the end of the quarter did not change from the same period a year ago and stands at 6.2 months.
BONITA SPRINGS AND ESTERO Single Family Homes The QoQ rolling 12 month median price was similar to the third quarter last year at $396,563 while the rolling 12 month average price rose 4.5% to $526,565. There were 290 closings during the quarter compared to 343 in Q3 2016. Months-of-supply at the end of the quarter stands at 5.3 months, down from 6 months at the same time last year.
Condominiums The QoQ rolling 12 month median price was $240,135 at the end of Q3 2017, a decrease of 2.5% from the same quarter last year. The QoQ 12 month average price was down 2.4% to $301,580. The number of condominium closings during the third quarter declined to 273 compared to 333 during Q3 2016. Months-of-supply at the end of the quarter stands at 5.4 months compared to 5.6 months at the same time last year.
MARCO ISLAND Single Family Homes The QoQ rolling 12 month median price was up 5.4% over last year at $765,000, while the rolling 12 month average price for the period was static with last year at $915,074. The number of closings in Q3 declined to 76 compared to 90 for the third quarter 2016. Months-of-supply at the end of the quarter stands at 9 months, a decline of 11.4% year-over-year.
Condominiums The QoQ rolling 12 month median price was up 9.4% over last year at $423,125, while the 12 month average price increased slightly to $536,066. There were 74 closings during the third quarter, down from 107 in Q3 2016. Months-of-supply at the end of the quarter stands at 8.1 months, the same as this time last year.
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, 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 Q2 Q2 Q3 Q1 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 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3
2010
2011
2012
2013
2014
2015
2016
2,000 2000 1,900 1900 1,800 1800 1,700 1700 1,600 1600 1,500 1500 1,400 1400 1,300 1300 1,200 1200 1,100 1100 1,000 1000 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 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
$500,000
1,500 1,500
$400,000
1,250 1,250
$300,000
1,000 1,000
$200,000
750 750
$100,000 $0
Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2010
2011
2012
2013
2014
2015
2016
500 500
Quarterly 12 Month Moving Average Closed Sales
2,000 2,000
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
$600,000
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 $300,000
300
$200,000
200
$100,000 $0
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Moving Average Sales Price
100
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 Q1 Q3Q4 Q4Q1 Q1Q2 Q2Q3 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
2010
2011
2012
2013
2014
2015
2016
Quarterly 12 Month Moving Average Closed Sales
700
$600,000
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 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 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 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q2 Q3 Q4 Q1 Q2 Q3 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
$800,000
150
$600,000
100 $400,000
50
$200,000 $0
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
$1,000,000
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 Q1 Q2 Q2 Q3 Q3 Q4 Q4 Q1 Q1 Q2 Q2 Q3 Q3
2010
2011
2012
2013
2014
2015
2016
Quarterly 12 Month Moving Average Closed Sales
250
$1,200,000
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 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 Q4 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 Q1
2010
2011
2012
2013
2014
2015
2016
0 0
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
$1,000,000
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Moving Average Closed Sales
250 250
$1,200,000
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.”