Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR AUGUST 2017 Naples / Bonita Springs / Estero / Marco Island Market Area
Bring Your Highest Expectations™
NAPLES, BONITA SPRINGS AND ESTERO Closed Sales Year-to-date closed sales for Naples, Bonita Springs and Estero are up 9.3% year-over-year. Closed sales priced above $2 million are up 25.8% through August compared to the same period in 2016 (351 vs. 279). Over the past 12 months ending August 31, 2017, sales in this category are up 11.6% (451 vs. 404).
New Listings/Inventory Available inventory on September 1, 2017 consisted of 6,125 units, an increase of 2% over last year. This represents approximately six months of supply based on current absorption rates. During the 12 months ending August 31, 2017, there were a total of 20,430 new listings added to the market, an increase of less than 3% over the same period in 2016.
Average and Median Sales Price Year-to-date average sales price for the area increased nearly 4% over prior year at $551,065 compared to $531,034 at the end of August 2016. Median price remained similar to prior year at $325,000 compared to $320,000 for the period in 2016. Average sales price of properties above $2 million remained approximately the same as last year at $3,811,400.
MARCO ISLAND Closed Sales The number of sales year-to-date is up 6.9% with 650 closings vs. 608 for the same period in 2016. During the 12 months ending August 31, 2017, the Marco Island area had 902 closings, up from 837 for the 12 months ending August 31, 2016.
New Listings/Inventory Available inventory on September 1, 2017, consisted of 644 single family homes and condominiums. This represents 8.6 months of supply based on current absorption rates. During the 12 months ending August 31, 2017, there were a total of 1,297 new listings added to the market, down 12% from the prior 12 months.
Average and Median Sales Price Year-to-date average sales price remained static with prior year at $686,246 vs. $689,288 in 2016. Over the 12 months ending August 31, 2017, the average price increased 4.8% to $714,524, while median price for the period was up 5.4% to $569,700.
The 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
---------------- 11,068 ---------------- 11,236 ---------------- 11,492 ---------------- 12,808 ---------------- 13,130 ---------------- 13,396 ---------------- 11,914 ---------------- 12,410
NEW LISTINGS
MARCO ISLAND
1,600
2010 2011 2012 2013 2014 2015 2016 2017
1,400 1,200 1,000 800
---------------------------------------------------------------------------------------------------------------------------------
1,642 1,560 1,325 1,434 1,402 1,354 1,478 1,297
CLOSED UNITS
600 400 200 0
---------------- 24,011 ---------------- 21,525 ---------------- 19,817 ---------------- 19,440 ---------------- 18,497 ---------------- 18,571 ---------------- 19,900 ---------------- 20,430
2010
2011
2012
2013
2014
2015
2016
2017
2010 2011 2012 2013 2014 2015 2016 2017
------------------ 659 ------------------ 757 ------------------ 836 ------------------ 996 ------------------ 999 ------------------ 1,002 ------------------ 837 ------------------ 902
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 $524k
$490,000
$531k
$501k
$460,000 $430,000
$453k
$400,000 $402k
$370,000 $340,000 $310,000
$358k $344k
$343k
2010
2011
$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
2012
2013
2014
2015
2016
2017
MARCO ISLAND
$715k $664k
$682k
$609k $563k
$536k
$542k
2010
2011
$518k
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 September 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Aqualane Shores
25
23
13.04
$4,390,130
Audubon Country Club
27
17
19.06
$940,941
Barefoot Beach
15
13
13.85
$3,838,654
Bonita Bay
28
78
4.31
$1,186,511
The Brooks
51
82
7.46
$777,386
Collier’s Reserve
14
14
12.00
$1,230,261
Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront
83
101
9.86
$1,854,533
Park Shore/Moorings/Seagate/Coquina Sands Waterfront
17
19
10.74
$3,427,316
The Crossings
5
10
6.00
$896,200
Grey Oaks
38
53
8.60
$2,595,098
Kensington
10
13
9.23
$885,962
Lely Resort
85
107
9.53
$743,203
Mediterra
51
40
15.30
$1,998,715
Monterey
9
27
4.00
$678,092
Olde Cypress
28
30
11.20
$805,267
Old Naples
76
81
11.26
$3,566,359
Palmira Golf and Country Club
25
29
10.34
$584,724
Pelican Bay
18
44
4.91
$1,534,858 $4,516,667
Pelican Bay (Bay Colony)
9
3
36.00
Pelican Landing
24
56
5.14
$822,005
Pelican Landing (The Colony)
10
11
10.91
$1,483,394
Pelican Marsh
40
33
14.55
$1,184,615
Pelican Sound
4
13
3.69
$584,923
Pine Ridge
30
38
9.47
$1,425,586
Port Royal
43
27
19.11
$8,726,546
Quail Creek
20
18
13.33
$949,667
Quail West
58
55
12.65
$2,076,020
Royal Harbor
17
35
5.83
$2,227,886
Tiburon
7
7
12.00
$2,712,857
Vanderbilt Beach
23
30
9.20
$2,114,283
The Vineyards
44
63
8.38
$632,088
West Bay Club
16
24
8.00
$1,135,438
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 September1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Barefoot Beach
3
17
2.12
$1,099,324
Bonita Bay
63
101
7.49
$609,992
The Brooks
50
93
6.45
$275,578
Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront
52
82
7.61
$328,233
Park Shore/Moorings/Seagate/Coquina Sands Waterfront
137
285
5.77
$1,286,742
The Dunes
30
22
16.36
$1,105,352
Grey Oaks
13
8
19.50
$902,188
Kensington
18
14
15.43
$467,761
Lely Resort
109
154
8.49
$324,200
Mediterra
20
17
14.12
$562,265
Olde Cypress
5
6
10.00
$440,867
Old Naples
70
135
6.22
$775,888
Palmira Golf and Country Club
12
16
9.00
$324,120
Pelican Bay
89
249
4.29
$855,689
Pelican Bay (Bay Colony)
18
26
8.31
$3,404,804
Pelican Landing
49
62
9.48
$337,523
Pelican Landing (The Colony)
39
68
6.88
$969,371
Pelican Marsh
40
58
8.28
$439,367
Pelican Sound
30
61
5.90
$308,643
Pine Ridge
17
21
9.71
$235,848
Tiburon
23
32
8.63
$794,888
Vanderbilt Beach
70
92
9.13
$742,573
The Vineyards
91
104
10.50
$351,136
West Bay Club
16
37
5.19
$489,122
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 September 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
Direct Waterfront
121
119
12.20
$1,353,872
Indirect Waterfront
100
162
7.41
$929,811
8
15
6.40
$499,883
Golf Course
AVERAGE CLOSED PRICE
Beachfront
6
0
Inland
71
105
8.11
$508,451
Preserve
6
7
10.29
$1,146,429
CONDOMINIUMS Monthly Snapshot as of September 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Direct Waterfront
70
111
Indirect Waterfront
21
26
9.69
$454,192
Golf Course
1
2
6.00
$755,000
Beachfront
141
182
9.30
$805,485
Gulf View
18
28
7.71
$769,232
Inland
72
125
6.91
$248,012
Preserve
9
13
8.31
$372,038
7.57
$358,434
Definitions Direct Waterfront
Properties with direct waterfront access indicates there are no bridges or the Marco Island High Span Bridge to navigate to open water.
Indirect Waterfront
Properties with indirect waterfront 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.”