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.”