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.”