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Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR JULY 2017 Naples / Bonita Springs / Estero / Marco Island Market Area


Bring Your Highest Expectations™

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales  The number of closed sales year-to-date for Naples, Bonita Springs and Estero increased 9.5% year-over-year.  Closed sales priced above $2 million are up 23% through July compared to the same period in 2016 (321 vs. 261). Over the past twelve months ending July 31, 2017, sales in this category are up 5.5% over prior year (439 vs. 416).

New Listings/Inventory  Available inventory on August 1, 2017 consisted of 6,264 units, an increase of less than 2% over last year. This represents six months of supply based on current absorption rates.  During the 12 months ending July 31, 2017, there were a total of 19,831 new listings added to the market, approximately the same as the period ending July 31, 2016.

Average and Median Sales Price  Year-to-date average sales price for the area remained static with prior year at $552,173 compared to $544,590 at the end of July 2016.  Average price of sales above $2 million declined 4.4% over the past 12 months to $3,646,176.

MARCO ISLAND Closed Sales  The number of sales year-to-date on Marco Island decreased from 545 sales for the period in 2016 to 435 for the current year.  During the 12 months ending July 31, 2017, the Marco Island area had 893 closings, up from 854 for the 12 months ending July 31, 2016.

New Listings/Inventory  Available inventory on August 1, 2017 consisted of 649 single family homes and condominiums. This represents an increase of 5% over the same period in 2016 and an overall supply of 8.7 months.  During the 12 months ending July 31, 2017 there were 1,402 new listings added to the Marco Island market. This is 5% fewer than the prior 12-month period.

Average and Median Sales Price  Year-to-date average sales price for the area remained stable year-over-year at $747,101 vs. $727,687 in 2016.  Over the 12 months ending July 31, 2017, the average price increased 4.5% to $753,056, up from $720,510 for the previous 12 months.

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

---------------- 11,075 ---------------- 11,138 ---------------- 11,472 ---------------- 12,642 ---------------- 13,192 ---------------- 13,434 ---------------- 11,909 ---------------- 12,340

NEW LISTINGS

MARCO ISLAND

1,600

2010 2011 2012 2013 2014 2015 2016 2017

1,400 1,200 1,000 800

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

1,660 1,516 1,304 1,447 1,398 1,378 1,477 1,402

CLOSED UNITS

600 400 200 0

---------------- 23,794 ---------------- 21,863 ---------------- 19,951 ---------------- 19,513 ---------------- 18,560 ---------------- 18,551 ---------------- 19,866 ---------------- 19,831

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

------------------ 666 ------------------ 740 ------------------ 822 ------------------ 990 ------------------ 1,004 ------------------ 1,004 ------------------ 854 ------------------ 893

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

$490,000

$527k

$522k

2016

2017

$498k

$460,000 $430,000

$451k

$400,000 $370,000 $340,000 $310,000

$395k

$347k

$356k $340k

$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

2015

MARCO ISLAND

$753k $704k

$721k

$612k $584k $541k

$543k

$542k

2010

2011

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 August 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

25

27

11.11

$4,187,899

Audubon Country Club

27

20

16.20

$980,134

Barefoot Beach

15

13

13.85

$3,769,423

Bonita Bay

28

77

4.36

$1,115,507

The Brooks

51

80

7.65

$774,702

Collier’s Reserve

14

13

12.92

$1,288,454

Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront

83

102

9.76

$1,829,856

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

17

17

12.00

$3,434,941

The Crossings

5

8

7.50

$845,250

Grey Oaks

38

53

8.60

$2,552,834

Kensington

10

10

12.00

$853,750

Lely Resort

85

109

9.36

$734,334

Mediterra

51

41

14.93

$1,979,295

Monterey

9

25

4.32

$664,440

Olde Cypress

28

35

9.60

$777,943

Old Naples

76

81

11.26

$3,587,871

Palmira Golf and Country Club

25

30

10.00

$602,233

Pelican Bay

18

46

4.70

$1,754,647

Pelican Bay (Bay Colony)

9

1

108.00

$3,200,000

Pelican Landing

24

61

4.72

$812,877

Pelican Landing (The Colony)

10

12

10.00

$1,445,194

Pelican Marsh

40

30

16.00

$1,208,710

Pelican Sound

4

13

3.69

$584,923

Pine Ridge

30

36

10.00

$1,424,368

Port Royal

43

22

23.45

$8,454,170

Quail Creek

20

19

12.63

$990,211

Quail West

58

57

12.21

$2,000,019

Royal Harbor

17

34

6.00

$2,185,603

Tiburon

7

6

14.00

$2,966,667

Vanderbilt Beach

23

30

9.20

$2,044,192

The Vineyards

44

68

7.76

$627,838

West Bay Club

16

24

8.00

$1,116,063

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 August 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Barefoot Beach

3

16

2.25

$1,124,281

Bonita Bay

63

107

7.07

$595,809

The Brooks

50

93

6.45

$281,342

Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront

52

82

7.61

$325,507

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

137

285

5.77

$1,272,192

The Dunes

30

23

15.65

$1,112,076

Grey Oaks

13

8

19.50

$902,188

Kensington

18

14

15.43

$470,939

Lely Resort

109

144

9.08

$319,759

Mediterra

20

17

14.12

$563,735

Olde Cypress

5

6

10.00

$440,867

Old Naples

70

140

6.00

$780,121

Palmira Golf and Country Club

12

17

8.47

$323,583

Pelican Bay

89

251

4.25

$866,201

Pelican Bay (Bay Colony)

17

26

7.85

$3,212,496

Pelican Landing

49

60

9.80

$340,563

Pelican Landing (The Colony)

39

67

6.99

$979,311

Pelican Marsh

40

56

8.57

$438,764

Pelican Sound

30

62

5.81

$309,044

Pine Ridge

17

22

9.27

$232,855

Tiburon

23

35

7.89

$789,783

Vanderbilt Beach

70

91

9.23

$671,773

The Vineyards

91

98

11.14

$345,294

West Bay Club

16

35

5.49

$490,000

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 August 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

126

118

12.81

Indirect Waterfront

99

163

7.29

$929,652

Golf Course

6

13

5.54

$518,538

$1,375,430

Beachfront

7

0

Inland

62

103

7.22

$508,974

Preserve

5

6

10.00

$1,083,333

CONDOMINIUMS Monthly Snapshot as of August 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

74

113

7.86

Indirect Waterfront

23

23

12.00

$462,239

Golf Course

1

2

6.00

$755,000

Beachfront

141

183

9.25

$849,567

Gulf View

21

27

9.33

$776,222

Inland

75

129

6.98

$248,096

Preserve

9

13

8.31

$375,175

$368,025

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.”

Monthly Market Report July 2017  
Monthly Market Report July 2017  

Southwest Florida Real Estate Market Report for July 2017