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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.”

Market Report February 2017  
Market Report February 2017  

Southwest Florida Real Estate for Sale