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Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR APRIL 2017 Naples / Bonita Springs / Estero / Marco Island Market Area


Bring Your Highest Expectations™

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales  The number of closed sales year-to-date for Naples, Bonita Springs and Estero increased 7% year-over-year.  Closed sales priced above two million increased 5% through April compared to the same period in 2016. During the past 12 months, sales in this category decreased 13% (387 vs. 445).

New Listings/Inventory  Available inventory on May 1, 2017 consisted of 7,571 units, an increase of 11% over May 1, 2016. This represents 7.7 months of supply based on current absorption rates.  During the 12 months ending April 30, 2017, a total of 19,826 new listings were added to the market, approximately the same as the prior 12 months ending April 30, 2016.

Average and Median Sales Price  Year-to-date average sales price for the area remained approximately the same as prior year at $568,638, up less than 2%.  Average sales price during the month of April was static with prior year (up less than 2%), while median price for the month increased 3% over April 2016.

MARCO ISLAND Closed Sales  During the 12 months ending April 30, 2017, the Marco Island area had 907 closings, up 3.3% from the same period last year when there were 878 closings.  The number of closed sales year-to-date increased 24% over prior year to 335 vs. 271 in 2016.

New Listings/Inventory  Available inventory on May 1, 2017 for the Marco Island market consisted of a total of 765 units compared to 797 units last month. This represents 9.4 months of supply for condominiums and 10.75 months of supply for single family homes.  During the 12 months ending April 30, 2017 there were a total of 1,446 new listings added to the Marco Island market. This is unchanged from the same period last year when there were 1,449 new listings added.

Average and Median Sales Price  Average price of closed sales during the month of April was unchanged year over year, while the median price was up 8.3%.  The twelve month average sales price rose 7.1% over the prior 12 months, from $711,138 to $761,745. *Marco Island statistics are obtained from the Marco Island MLS system and include only those sales and current listings on Marco Island and Key Marco.

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.”

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Bring Your Highest Expectations™

NEW LISTINGS / CLOSED UNITS 12-Month Comparisons 27,000

NEW LISTINGS

NAPLES, BONITA SPRINGS AND ESTERO

24,000

2010 2011 2012 2013 2014 2015 2016 2017

21,000 18,000 15,000 12,000

CLOSED UNITS

9,000 6,000 3,000 0

1,800

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

---------------- 10,193 ---------------- 10,176 ---------------- 10,437 ---------------- 11,489 ---------------- 12,526 ---------------- 13,325 ---------------- 12,264 ---------------- 11,859

NEW LISTINGS

MARCO ISLAND

1,600

2010 2011 2012 2013 2014 2015 2016 2017

1,400 1,200 1,000 800

---------------------------------------------------------------------------------------------------------------------------------

1,586 1,604 1,347 1,433 1,424 1,352 1,449 1,446

CLOSED UNITS

600 400 200 0

---------------- 22,738 ---------------- 21,763 ---------------- 19,081 ---------------- 18,802 ---------------- 17,958 ---------------- 18,688 ---------------- 19,697 ---------------- 19,826

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

------------------ 697 ------------------ 680 ------------------ 808 ------------------ 942 ------------------ 1,011 ------------------ 989 ------------------ 878 ------------------ 907

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.”

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Bring Your Highest Expectations™

AVERAGE SALES PRICE 12-Month Comparisons $550,000 $520,000

NAPLES, BONITA SPRINGS AND ESTERO $533k

$490,000

$521k

$490k

$460,000 $430,000

$456k

$400,000 $398k

$370,000 $340,000 $310,000

$370k

$359k $345k

$280,000 $250,000

$850,000 $800,000 $750,000 $700,000 $650,000 $600,000 $550,000 $500,000 $450,000 $400,000 $350,000 $300,000 $250,000

2010

2011

2012

2013

2014

2015

2016

2017

MARCO ISLAND

$762k $711k $684k $619k $581k

2010

$563k $537k

$530k

2011

2012

2013

2014

2015

2016

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.”

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Bring Your Highest Expectations™

Neighborhood Snapshot Report© Naples, Bonita Springs and Estero Market Area 12-Month Sold Comparison Report for Select Communities

SINGLE FAMILY HOMES Monthly Snapshot as of May 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

32

34

11.29

$4,259,353

Audubon Country Club

31

22

16.91

$970,645

Barefoot Beach

15

15

12.00

$3,746,833

Bonita Bay

37

82

5.41

$1,059,751

The Brooks

61

82

8.93

$775,978

Collier’s Reserve

19

13

17.54

$1,291,923

Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront

118

77

18.39

$1,860,855

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

26

15

20.80

$3,386,333

The Crossings

8

8

12.00

$705,875

Grey Oaks

53

43

14.79

$2,432,205

Kensington

15

11

16.36

$1,052,602

Lely Resort

108

98

13.22

$723,619

Mediterra

64

36

21.33

$1,829,593

Monterey

12

26

5.54

$736,962

Olde Cypress

30

30

12.00

$759,400

Old Naples

85

75

13.60

$3,533,141

Palmira Golf and Country Club

34

24

17.00

$646,958

Pelican Bay

35

50

8.40

$1,500,823

Pelican Bay (Bay Colony)

9

5

21.60

$3,805,203

Pelican Landing

29

54

6.44

$813,755

Pelican Landing (The Colony)

12

14

10.29

$1,286,813

Pelican Marsh

59

34

20.82

$1,212,075

Pelican Sound

5

12

5.00

$588,750

Pine Ridge

30

30

12.00

$1,380,992

Port Royal

52

25

24.96

$8,369,350

Quail Creek

32

13

29.54

$947,154

Quail West

61

44

16.64

$1,971,582

Royal Harbor

24

29

9.93

$1,959,621

Tiburon

11

7

18.86

$2,757,143

Vanderbilt Beach

31

28

13.29

$2,080,518

The Vineyards

61

73

10.03

$619,403

West Bay Club

17

18

11.33

$1,017,306

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.”

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Bring Your Highest Expectations™

Neighborhood Snapshot Report© Naples, Bonita Springs and Estero Market Area 12-Month Sold Comparison Report for Select Communities

CONDOMINIUMS Monthly Snapshot as of May 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

Audubon Country Club

1

3

4.00

$715,000

Barefoot Beach

5

18

3.33

$1,048,750

Bonita Bay

84

101

9.98

$656,028

The Brooks

56

95

7.07

$292,183

Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront

42

74

6.81

$367,268

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

226

263

10.31

$1,299,825

The Dunes

43

17

30.35

$1,190,618

Grey Oaks

12

13

11.08

$925,577

Kensington

22

15

17.60

$465,750

Lely Resort

128

137

11.21

$316,666

Mediterra

26

12

26.00

$538,750

Monterey

3

2

18.00

$302,500

Olde Cypress

5

6

10.00

$420,983

Old Naples

80

134

7.16

$707,933

Palmira Golf and Country Club

12

13

11.08

$313,886

Pelican Bay

127

237

6.43

$878,791

Pelican Bay (Bay Colony)

42

24

21.00

$3,328,017

Pelican Landing

54

54

12.00

$352,913

Pelican Landing (The Colony)

61

61

12.00

$963,070

Pelican Marsh

53

63

10.10

$437,449

Pelican Sound

37

59

7.53

$308,432

Pine Ridge

11

20

6.60

$220,315

Tiburon

32

27

14.22

$861,333

Vanderbilt Beach

82

91

10.81

$796,587

The Vineyards

117

87

16.14

$351,176

West Bay Club

18

21

10.29

$442,476

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

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.”

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Bring Your Highest Expectations™

Island Snapshot Report Marco Island 12-Month Sold Comparison Report

SINGLE FAMILY HOMES Monthly Snapshot as of May 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

Direct Waterfront

141

125

13.54

$1,428,821

Indirect Waterfront

113

149

9.10

$910,413

6

12

6.00

$511,750

Golf Course

AVERAGE CLOSED PRICE

Beachfront

7

0

Inland

75

104

8.65

$502,603

Preserve

12

5

28.80

$1,481,100

CONDOMINIUMS Monthly Snapshot as of May 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

91

120

Indirect Waterfront

20

25

9.60

$437,600

Golf Course

1

3

4.00

$725,667

Beachfront

166

191

10.43

$825,125

Gulf View

26

29

10.76

$803,810

Inland

86

133

7.76

$251,115

Preserve

13

12

13.00

$384,250

9.10

$370,588

Definitions Direct Waterfront

Properties with Direct Water access indicates there are no bridges or the Marco Island High Span Bridge to navigate to open water.

Indirect Waterfront

Properties with Indirect Water access indicates there is at least 1 bridge, not including the Marco Island High Span Bridge, to navigate to access open water.

Golf Course

Properties with frontage on the Golf Course.

Beachfront

Properties with direct views of the Gulf of Mexico and direct beachfront access.

Gulf View

Properties with direct views of the Gulf of Mexico with NO direct beachfront access.

Inland

Properties with inland similar housing views.

Preserve

Properties with views of a preserve or mangroves.

John R. Wood Properties, Bring Your Highest Expectations.

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“The source of this real property information is the copyrighted and proprietary database compilation of 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 Report for April 2017  

John R. Wood Properties - Southwest Florida Real Estate Market Report for April 2017

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