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.”
1
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.”
2
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.”
3
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.”
4
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.”
5
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.
6
“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.”