Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR FEBRUARY 2017 Naples / Bonita Springs / Estero / Marco Island Market Area
Bring Your Highest Expectations™
NAPLES, BONITA SPRINGS AND ESTERO Closed Sales During the 12 months ending February 28, 2017, the Naples, Bonita Springs and Estero market had a total of 11,689 closings, 9% lower than the prior 12-month period. The number of closed sales year-to-date increased 7% over 2016 with 1,653 closings vs. 1,546 in 2016. During the first two months of 2017, closings for properties priced above $2 million were down 10% from the same period a year ago. During the past 12 months, the number of closings in this price category were down 22%.
New Listings/Inventory Available inventory on March 1, 2017 for the combined Naples, Bonita Springs and Estero market consisted of 8,099 units, an increase of 18% over the prior year. During the 12 months ending February 28, 2017, there were a total of 20,173 new listings added to the market, representing a 4% increase over the same period in 2016.
Average and Median Sales Price Average price of closed sales during February 2017 was 3% lower year-over-year, while the median price was relatively stable, posting a 1% decline. Average sales price year-to-date is $538,275, a decrease of 8% from the same period in 2016. Median sales price remained stable with less than a 2% increase ($319,000 vs. $325,000).
MARCO ISLAND Closed Sales During the 12 months ending February 28, 2017, the Marco Island area had 857 closings, down 9% from the prior year. Year-to-date closings are up 12% from 2016 with 133 closed sales vs. 119 for the same period in 2016.
New Listings/Inventory Available inventory on March 1, 2017 increased by 25 units over February supply (808 units vs. 783). During the 12 months ending February 28, 2017 there were a total of 1,428 new listings added to the Marco Island market. The supply of new listings is unchanged from the same period last year when there were 1,452 new listings added.
Average and Median Sales Price The average sales price of February 2017 closings increased 3% over February 2016, and median price was up almost 4% for the period. Average sales price year-to-date through February increased slightly to $842,000 up from $750,500 in 2016. *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 30,000
NEW LISTINGS
NAPLES, BONITA SPRINGS AND ESTERO
27,000
2010 2011 2012 2013 2014 2015 2016 2017
24,000 21,000 18,000 15,000
CLOSED UNITS
12,000 9,000 6,000 3,000 0
2,000
2010
2011
2012
2013
2014
2015
2016
2017
2010 2011 2012 2013 2014 2015 2016 2017
---------------- 9,346 ---------------- 10,045 ---------------- 10,494 ---------------- 11,356 ---------------- 12,249 ---------------- 13,174 ---------------- 12,870 ---------------- 11,689
NEW LISTINGS
MARCO ISLAND
1,800
2010 2011 2012 2013 2014 2015 2016 2017
1,600 1,400 1,200 1,000
---------------------------------------------------------------------------------------------------------------------------------
1,581 1,676 1,324 1,402 1,428 1,374 1,452 1,428
CLOSED UNITS
800 600 400 200 0
---------------- 23,027 ---------------- 22,268 ---------------- 19,401 ---------------- 18,841 ---------------- 17,786 ---------------- 18,408 ---------------- 19,371 ---------------- 20,173
2010
2011
2012
2013
2014
2015
2016
2017
2010 2011 2012 2013 2014 2015 2016 2017
------------------ 642 ------------------ 676 ------------------ 766 ------------------ 935 ------------------ 968 ------------------ 1,026 ------------------ 944 ------------------ 857
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 $529k
$490,000
$514k
$460,000
$478k
$430,000
$449k
$400,000 $370,000
$386k
$340,000 $310,000
$366k
$359k $340k
$280,000 $250,000
$800,000 $750,000
2010
2011
2012
2013
2014
2015
2016
2017
MARCO ISLAND $757k
$700,000
$728k
$650,000 $652k
$600,000 $550,000
$621k $597k
$500,000
$532k
$531k
2011
2012
$553k
$450,000 $400,000 $350,000 $300,000 $250,000
2010
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 March 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Aqualane Shores
27
31
10.45
$4,335,258
Audubon Country Club
41
22
22.36
$910,599
Barefoot Beach
15
13
13.85
$4,220,385
Bonita Bay
44
73
7.23
$1,070,270
The Brooks
62
86
8.65
$772,194
Collier’s Reserve
18
15
14.40
$1,304,667
Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront
135
78
20.77
$1,722,681
Park Shore/Moorings/Seagate/Coquina Sands Waterfront
31
13
28.62
$3,161,154
The Crossings
9
8
13.50
$738,125
Grey Oaks
57
45
15.20
$2,522,477
Kensington
18
14
15.43
$922,044
Lely Resort
130
103
15.15
$686,336
Mediterra
59
43
16.47
$2,094,601
Monterey
11
28
4.71
$746,286
Olde Cypress
35
31
13.55
$780,194
Old Naples
92
69
16.00
$3,216,838
Palmira Golf and Country Club
32
23
16.70
$656,391
Pelican Bay
31
46
8.09
$1,505,541
Pelican Bay (Bay Colony)
10
5
24.00
$3,909,663
Pelican Landing
33
53
7.47
$831,411
Pelican Landing (The Colony)
12
14
10.29
$1,479,711
Pelican Marsh
60
39
18.46
$1,233,372
Pelican Sound
9
11
9.82
$630,455
Pine Ridge
43
34
15.18
$1,287,390
Port Royal
56
23
29.22
$7,588,967
Quail Creek
30
16
22.50
$946,813
Quail West
69
39
21.23
$1,910,814
Royal Harbor
30
28
12.86
$2,067,625
Tiburon
13
6
26.00
$2,616,667
Vanderbilt Beach
37
29
15.31
$2,167,276
The Vineyards
63
64
11.81
$666,294
West Bay Club
22
16
16.50
$1,047,188
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 March 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
Audubon Country Club
1
4
3.00
$748,750
Barefoot Beach
5
12
5.00
$993,708
Bonita Bay
77
108
8.56
$631,921
The Brooks
70
98
8.57
$286,444
Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront
68
78
10.46
$377,344
Park Shore/Moorings/Seagate/Coquina Sands Waterfront
215
262
9.85
$1,260,902
The Dunes
38
19
24.00
$1,094,605
Grey Oaks
8
15
6.40
$931,767
Kensington
22
16
16.50
$443,078
Lely Resort
146
129
13.58
$317,444
Mediterra
21
11
22.91
$562,273
Monterey
3
2
18.00
$292,500
Olde Cypress
9
6
18.00
$415,150
Old Naples
79
129
7.35
$684,011
Palmira Golf and Country Club
17
14
14.57
$346,894
Pelican Bay
168
229
8.80
$916,508
Pelican Bay (Bay Colony)
34
22
18.55
$3,505,455
Pelican Landing
54
46
14.09
$354,593
Pelican Landing (The Colony)
71
62
13.74
$959,809
Pelican Marsh
39
54
8.67
$438,654
Pelican Sound
31
48
7.75
$313,257
Pine Ridge
8
17
5.65
$211,518
Tiburon
41
20
24.60
$895,900
Vanderbilt Beach
83
85
11.72
$851,032
The Vineyards
129
70
22.11
$339,044
West Bay Club
21
20
12.60
$414,670
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 March 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
Direct Waterfront
153
101
18.18
$1,486,907
Indirect Waterfront
119
135
10.58
$849,467
8
9
10.67
$488,667
Golf Course
AVERAGE CLOSED PRICE
Beachfront
7
1
84.00
$5,350,000
Inland
95
86
13.26
$492,540
Preserve
12
4
5.00
$1,481,100
CONDOMINIUMS Monthly Snapshot as of March 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Direct Waterfront
91
91
12.00
Indirect Waterfront
23
25
11.04
$444,160
Golf Course
1
2
6.00
$708,500
Beachfront
176
169
12.50
$826,728
Gulf View
32
25
15.36
$800,385
Inland
78
127
7.37
$238,145
Preserve
14
8
21.00
$407,625
$353,207
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.”