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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.”

John R .Wood Properties Market Report for August 2017  

Southwest Florida Real Estate Market Report for August 2017