Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR DECEMBER 2017 Naples / Bonita Springs / Estero / Marco Island Market Area
Bring Your Highest Expectations™
NAPLES, BONITA SPRINGS AND ESTERO Closed Sales There were 877 closings during the month of December, down from 973 in December 2016. The number of closed sales during 2017 remained static compared to 2016, up less than 2% for the year. Closed sales priced above $2 million increased 17.4% year-over-year with 445 closed vs. 379 last year.
New Listings/Inventory Available inventory on January 1, 2018 consisted of 6,724 single family homes and condominiums, down from 7,075 units a year ago. This represents 6.8 months of supply based on the sales pace over the past 12 months. During the 12 months ending December 31, 2017 there were a total of 19,307 new listings added to the market, a decline of 5.4% from the prior 12 months.
Average and Median Sales Price Average sales price increased 3.4% to $535,398 for the period ending December 31, 2017, up from $517,915 for the same period in 2016. Median closed price increased slightly to $324,250 vs. $317,427 in 2016. Average price of sales above $2 million remained the same year-over-year.
MARCO ISLAND Closed Sales There were 853 closings on Marco Island in 2017, down slightly from 861 in 2016. During the month of December there were 68 closings, a decrease of 17% from December 2016 when there were 82 closed.
New Listings/Inventory Available inventory on January 1, 2018 consisted of 633 units, down from 737 on January 1, 2017. This represents 8.9 months of supply based on absorption over the past 12 months. During the year 1,297 new listings were added to the market, down 8.5% from the prior year when there were 1,417.
Average and Median Sales Price Average price of closed sales in the Marco Island market during the month of December was up 8.3% year-over-year. During the 12 months ending December 31, 2017, the average price increased to $730,108, an increase of 4.1% over the prior 12 months. Median price rose to $578,890, an increase of almost 6% over 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.” The Marco Island statistics include only those sales and current listings on Marco Island and Key Marco.
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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
6,000 3,000
1,800
2010
2011
2012
2013
2014
2015
2016
2017
2010 2011 2012 2013 2014 2015 2016 2017
-------------------------------------------------------------------------------------------------------------------------
10,693 11,372 12,007 12,942 13,384 13,202 11,650 11,872
NEW LISTINGS
MARCO ISLAND
1,600
2010 2011 2012 2013 2014 2015 2016 2017
1,400 1,200 1,000 800
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1,735 1,382 1,365 1,429 1,368 1,439 1,417 1,297
CLOSED UNITS
600 400 200 0
24,179 20,630 19,523 19,035 18,323 18,723 20,402 19,307
CLOSED UNITS
9,000
0
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2010
2011
2012
2013
2014
2015
2016
2017
2010 2011 2012 2013 2014 2015 2016 2017
------------------ 631 ------------------ 781 ------------------ 900 ------------------ 978 ------------------ 1,006 ------------------ 977 ------------------ 861 ------------------ 853
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 $535k
$490,000 $460,000
$521k
$517k
2015
2016
$691k
$701k
2015
2016
$470k
$430,000 $400,000
$415k
$370,000 $340,000 $310,000
$367k $342k
$351k
$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
2017
MARCO ISLAND
$730k
$616k $581k $533k
2010
$521k
$530k
2011
2012
2013
2014
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 January 1, 2018
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Aqualane Shores
21
21
12.00
$4,165,381
Audubon Country Club
32
17
22.59
$972,118
Barefoot Beach
13
12
13.00
$4,212,708
Bonita Bay
32
71
5.41
$1,129,972
Brooks
71
77
11.06
$736,406
Collier’s Reserve
18
12
18.00
$1,196,138
Crossings
6
9
8.00
$803,778
Grey Oaks
33
58
6.83
$2,510,802
Kensington
13
10
15.60
$873,190
Lely Resort
90
111
9.73
$708,491
Mediterra
50
38
15.79
$2,064,658
Monterey
13
16
9.75
$611,656
Olde Cypress
21
31
8.13
$789,213
Old Naples
86
79
13.06
$3,573,402
Palmira Golf and Country Club
30
28
12.86
$588,330
Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront
98
121
9.72
$1,772,524
Park Shore/Moorings/Seagate/Coquina Sands Waterfront
19
19
12.00
$3,371,395
Pelican Bay
12
52
2.77
$1,608,774
Pelican Bay (Bay Colony)
10
3
40.00
$3,383,333
Pelican Landing
30
50
7.20
$765,169
Pelican Landing (The Colony)
13
10
15.60
$1,276,500
Pelican Marsh
34
33
12.36
$1,114,812
Pelican Sound
3
12
3.00
$585,333
Pine Ridge
37
31
14.32
$1,563,452
Port Royal
47
27
20.89
$8,337,889
Quail Creek
20
22
10.91
$896,773
Quail West
50
54
11.11
$2,074,255
Royal Harbor
16
32
6.00
$2,153,859
Tiburon
5
7
8.57
$2,337,857
Vanderbilt Beach
19
29
7.86
$2,098,612
Vineyards
54
51
12.71
$663,044
West Bay Club
13
29
5.38
$1,158,879
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 January 1, 2018
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Barefoot Beach
8
18
5.33
$1,178,992
Bonita Bay
85
93
10.97
$640,117
Brooks
68
98
8.33
$279,982
Dunes
33
21
18.86
$1,148,464
Grey Oaks
8
9
10.67
$854,278
Kensington
23
14
19.71
$444,779
Lely Resort
104
149
8.38
$311,137
Mediterra
24
16
18.00
$568,031
Olde Cypress
9
4
27.00
$461,075
Old Naples
86
118
8.75
$799,328
Palmira Golf and Country Club
16
14
13.71
$332,564
Park Shore/Moorings/Seagate/Coquina Sands - Non-Waterfront
61
78
9.38
$322,656
Park Shore/Moorings/Seagate/Coquina Sands - Waterfront
164
259
7.60
$1,302,176
Pelican Bay
116
242
5.75
$878,417
Pelican Bay (Bay Colony)
28
24
14.00
$3,006,038
Pelican Landing
56
62
10.84
$339,202
Pelican Landing (The Colony)
60
65
11.08
$890,011
Pelican Marsh
48
54
10.67
$445,486
Pelican Sound
31
61
6.10
$312,511
Pine Ridge
12
25
5.76
$234,896
Tiburon
32
30
12.80
$715,980
Vanderbilt Beach
66
90
8.80
$742,290
Vineyards
106
101
12.59
$360,289
West Bay Club
13
36
4.33
$515,056
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 January 1, 2018
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
Direct Waterfront
106
114
11.16
$1,352,597
Indirect Waterfront
103
144
8.58
$931,997
7
13
6.46
$518,481
Golf Course
AVERAGE CLOSED PRICE
Beachfront
4
2
24.00
$5,675,000
Inland
65
106
7.36
$499,508
Preserve
6
6
12.00
$1,014,375
CONDOMINIUMS Monthly Snapshot as of January 1, 2018
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
Direct Waterfront
66
107
7.40
$379,661
Indirect Waterfront
20
25
9.60
$450,085
1
0.00
$760,000
Golf Course
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Beachfront
140
169
9.94
$859,632
Gulf View
27
31
10.45
$722,774
Inland
84
122
8.26
$245,763
Preserve
5
13
4.62
$370,808
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.”