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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

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

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.”

Market Report December 2017  
Market Report December 2017  

South West Florida Real Estate Market Report for December 2017