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Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR JUNE 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 9.6% year-over-year.  Closed sales priced above $2 million increased 28.8% through June compared to the same period in 2016 (295 vs. 229). During the past 12 months sales in this category are up 4% over the 12 months ending June 30, 2016 (439 vs. 422).

New Listings/Inventory  Available inventory on July 1, 2017 consisted of 6,443 units, an increase of less than 3% over July 1, 2016. This represents 6.4 months of supply based on current absorption rates.  During the 12 months ending June 30, 2017 a total of 19,006 new listings were added to the market, a decrease of 5% from the prior 12 months ending June 30, 2016.

Average and Median Sales Price  Year-to-date average sales price for the area increased 4.5% to $568,663 up from $544,231 for the same period in 2016. Median closed price is approximately the same as last year at $328,500.  Average price of sales above $2 million fell 4% over the past 12 months to $3,674,253.

MARCO ISLAND Closed Sales  During the 12 months ending June 30, 2017, the Marco Island area had 745 closings, down 12% from the same period last year when there were 849 closings.  The number of closed sales year-to-date decreased 21% over prior year to 372 vs. 470 through June 2016.

New Listings/Inventory  Available inventory on July 1, 2017 consisted of 681 units, down from 723 last month.  During the 12 months ending June 30, 2017, a total of 1,408 new listings were added to the Marco Island market. This represents a 5% reduction from the same period last year when 1,482 new listings were added.

Average and Median Sales Price  Average price of closed sales during the month of June was down 11% year-over-year, while the median price was consistent with the same period in 2016.  The 12-month average closed price rose 5% over the prior 12 months, from $723,453 to $759,593.

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

---------------- 11,161 ---------------- 11,108 ---------------- 11,470 ---------------- 12,402 ---------------- 13,261 ---------------- 13,392 ---------------- 12,072 ---------------- 12,058

NEW LISTINGS

MARCO ISLAND

1,600

2010 2011 2012 2013 2014 2015 2016 2017

1,400 1,200 1,000 800

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

1,638 1,527 1,322 1,435 1,415 1,374 1,482 1,408

CLOSED UNITS

600 400 200 0

---------------- 23,924 ---------------- 22,194 ---------------- 19,973 ---------------- 19,502 ---------------- 18,709 ---------------- 18,489 ---------------- 19,978 ---------------- 19,006

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

------------------ 679 ------------------ 720 ------------------ 812 ------------------ 968 ------------------ 1021 ------------------ 1003 ------------------ 849 ------------------ 745

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

$531k

2016

2017

$491k

$460,000 $430,000

$449k

$400,000 $370,000

$390k

$340,000 $310,000

$358k $337k

$345k

$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

$760k $723k $694k $617k $574k

$563k

2010

$536k

$536k

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 July 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

27

28

11.57

$4,122,321

Audubon Country Club

30

20

18.00

$980,134

Barefoot Beach

15

14

12.86

$3,935,893

Bonita Bay

30

79

4.56

$1,166,608

The Brooks

56

75

8.96

$795,989

Collier’s Reserve

18

12

18.00

$1,247,908

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

95

94

12.13

$1,827,333

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

17

14

14.57

$3,410,286

The Crossings

6

8

9.00

$811,500

Grey Oaks

43

55

9.38

$2,466,906

Kensington

13

11

14.18

$872,684

Lely Resort

94

105

10.74

$729,594

Mediterra

51

39

15.69

$2,049,417

Monterey

9

24

4.50

$687,958

Olde Cypress

28

32

10.50

$770,656

Old Naples

72

79

10.94

$3,619,273

Palmira Golf and Country Club

25

28

10.71

$606,143

Pelican Bay

21

44

5.73

$1,602,358

Pelican Bay (Bay Colony)

9

3

36.00

$4,516,667

Pelican Landing

25

62

4.84

$808,153

Pelican Landing (The Colony)

9

11

9.82

$1,478,848

Pelican Marsh

44

29

18.21

$1,202,372

Pelican Sound

3

12

3.00

$600,417

Pine Ridge

29

35

9.94

$1,583,064

Port Royal

45

23

23.48

$8,560,076

Quail Creek

19

15

15.20

$1,018,533

Quail West

55

54

12.22

$1,955,112

Royal Harbor

19

34

6.71

$2,185,603

Tiburon

11

7

18.86

$3,114,286

Vanderbilt Beach

24

32

9.00

$2,010,938

The Vineyards

40

64

7.50

$616,803

West Bay Club

16

22

8.73

$1,085,250

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 July 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Barefoot Beach

5

15

4.00

$1,148,000

Bonita Bay

71

108

7.89

$602,375

The Brooks

52

92

6.78

$282,864

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

54

81

8.00

$335,026

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

145

286

6.08

$1,285,700

The Dunes

34

23

17.74

$1,122,293

Grey Oaks

13

9

17.33

$906,389

Kensington

19

14

16.29

$479,654

Lely Resort

121

137

10.60

$320,707

Mediterra

24

17

16.94

$565,412

Olde Cypress

5

7

8.57

$439,314

Old Naples

72

144

6.00

$736,847

Palmira Golf and Country Club

13

15

10.40

$321,061

Pelican Bay

110

241

5.48

$876,412

Pelican Bay (Bay Colony)

14

27

6.22

$2,923,144

Pelican Landing

50

57

10.53

$341,795

Pelican Landing (The Colony)

43

67

7.70

$976,839

Pelican Marsh

39

60

7.80

$433,663

Pelican Sound

33

60

6.60

$307,006

Pine Ridge

13

21

7.43

$234,562

Tiburon

26

34

9.18

$778,453

Vanderbilt Beach

76

90

10.13

$734,581

The Vineyards

91

92

11.87

$346,715

West Bay Club

15

28

6.43

$490,482

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 July 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

Direct Waterfront

132

122

12.98

$1,392,133

Indirect Waterfront

105

159

7.92

$919,114

7

13

6.46

$518,538

Golf Course

AVERAGE CLOSED PRICE

Beachfront

7

0

Inland

65

102

7.65

$518,047

Preserve

6

3

24.00

$1,307,500

CONDOMINIUMS Monthly Snapshot as of July 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

80

112

8.57

Indirect Waterfront

23

24

11.50

$454,271

Golf Course

1

3

4.00

$725,667

Beachfront

151

188

9.64

$856,096

Gulf View

23

30

9.20

$767,433

Inland

72

133

6.50

$251,345

Preserve

9

12

9.00

$380,833

$363,164

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 June 2017  

Market Report for Southwest Florida Real Estate - June 2017

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