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Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR MARCH 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 during the month of March increased by 13% over March 2016. This marks the third consecutive month of year-over-year increases.  Year-to-date closed sales for Naples, Bonita Springs and Estero are up 12%, with 2,990 closings vs. 2,666 during the same period in 2016.  Closed sales priced above $2 million increased 10% during the first three months of 2017 with 117 sales, up from 106 sales in 2016.

New Listings/Inventory  Available inventory on April 1, 2017 consisted of 8,013 units, an increase of 15% over April 1, 2016. This represents 8.1 months of supply based on the number of closings during the past 12 months.  During the 12 months ending March 31, 2017 there were a total of 20,155 new listings added to the market, an increase of 4% over the period ending March 31, 2016.

Average and Median Sales Price  The average sales price year-to-date is $558,821, approximately the same as it was for this period in 2016 when it was $554,163. Median sales price is up 2% for the period.  During the month of March 2017, average sales price was static with March 2016 and median price increased approximately 2%.

MARCO ISLAND Closed Sales  The number of closed sales on Marco Island year-to-date jumped by 26% to 234, up from 186 sales a year ago.  During the past 12 months, sales pace remained stable with 891 closings, down less than 2% from the 12 months ending March 31, 2016.

New Listings/Inventory  Available inventory on Marco Island on April 1, 2017 consisted of 784 units compared to 808 units last month.  During the 12 months ending March 31, 2017, a total of 1,445 new listings were added to the market. This is comparable to the same period last year when there were 1,451 new listings added.

Average and Median Sales Price  Average price of closed sales during the month of March rose 8.4% year-over-year, while median price was up 8.6%.  The 12-month average price rose 5.3% from $722,788 on March 31, 2016 to $761,442 on March 31, 2017. *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

---------------- 9,736 ---------------- 10,184 ---------------- 10,424 ---------------- 11,276 ---------------- 12,485 ---------------- 13,232 ---------------- 12,583 ---------------- 11,942

NEW LISTINGS

MARCO ISLAND

1,600

2010 2011 2012 2013 2014 2015 2016 2017

1,400 1,200 1,000 800

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

1,595 1,617 1343 1410 1,430 1,355 1,451 1,445

CLOSED UNITS

600 400 200 0

---------------- 22,678 ---------------- 22,071 ---------------- 19,223 ---------------- 18,787 ---------------- 17,821 ---------------- 18,653 ---------------- 19,440 ---------------- 20,155

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

------------------ 649 ------------------ 680 ------------------ 793 ------------------ 918 ------------------ 1,002 ------------------ 1,019 ------------------ 906 ------------------ 891

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 $528k

$490,000

$521k

$487k

$460000 $430,000

$449k

$400,000 $370,000

$392k $370k

$340,000 $310,000

$343k

$355k

$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

2016

2017

MARCO ISLAND

$761k $723k $663k $624k $580k

2010

$530k

$540k

2011

2012

$552k

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 April 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

29

32

10.88

$4,345,094

Audubon Country Club

37

23

19.30

$942,965

Barefoot Beach

17

16

12.75

$4,252,344

Bonita Bay

40

81

5.93

$1,078,241

The Brooks

56

87

7.72

$765,330

Collier’s Reserve

18

14

15.43

$1,330,000

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

138

86

19.26

$1,723,997

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

30

13

27.69

$3,161,154

The Crossings

9

8

13.50

$738,125

Grey Oaks

57

45

15.20

$2,441,142

Kensington

17

14

14.57

$927,830

Lely Resort

124

104

14.31

$715,559

Mediterra

62

41

18.15

$1,950,742

Monterey

12

27

5.33

$759,667

Olde Cypress

34

33

12.36

$788,848

Old Naples

92

75

14.72

$3,322,141

Palmira Golf and Country Club

38

25

18.24

$641,180

Pelican Bay

32

47

8.17

$1,480,317

Pelican Bay (Bay Colony)

13

6

26.00

$3,783,052

Pelican Landing

34

56

7.29

$831,657

Pelican Landing (The Colony)

12

17

8.47

$1,406,527

Pelican Marsh

62

36

20.67

$1,193,069

Pelican Sound

7

11

7.64

$613,182

Pine Ridge

39

30

15.60

$1,297,208

Port Royal

57

26

26.31

$8,037,356

Quail Creek

33

16

24.75

$951,125

Quail West

68

47

17.36

$1,923,984

Royal Harbor

29

29

12.00

$1,979,948

Tiburon

11

7

18.86

$2,757,143

Vanderbilt Beach

37

29

15.31

$2,098,862

The Vineyards

65

67

11.64

$642,012

West Bay Club

19

17

13.41

$1,044,559

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 April 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

Audubon Country Club

1

3

4.00

$715,000

Barefoot Beach

5

18

3.33

$1,074,583

Bonita Bay

78

106

8.83

$684,617

The Brooks

64

103

7.46

$293,078

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

68

73

11.18

$368,177

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

213

267

9.57

$1,286,906

The Dunes

36

15

28.80

$1,150,500

Grey Oaks

9

14

7.71

$927,786

Kensington

22

16

16.50

$447,328

Lely Resort

141

135

12.53

$316,147

Mediterra

24

13

22.15

$551,731

Monterey

4

2

24.00

$292,500

Olde Cypress

9

7

15.43

$422,271

Old Naples

77

131

7.05

$674,690

Palmira Golf and Country Club

17

16

12.75

$341,157

Pelican Bay

153

231

7.95

$908,716

Pelican Bay (Bay Colony)

39

24

19.50

$3,558,850

Pelican Landing

59

48

14.75

$360,590

Pelican Landing (The Colony)

70

59

14.24

$977,105

Pelican Marsh

45

59

9.15

$439,912

Pelican Sound

34

55

7.42

$308,864

Pine Ridge

5

22

2.73

$218,218

Tiburon

37

24

18.50

$858,583

Vanderbilt Beach

80

88

10.91

$841,724

The Vineyards

129

79

19.59

$346,940

West Bay Club

25

22

13.64

$434,177

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 April 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

Direct Waterfront

147

113

15.61

$1,453,945

Indirect Waterfront

119

153

9.33

$899,929

8

12

8.00

$542,375

Golf Course

AVERAGE CLOSED PRICE

Beachfront

7

1

84.00

$5,350,000

Inland

93

101

11.05

$506,282

Preserve

10

5

24.00

$1,481,100

CONDOMINIUMS Monthly Snapshot as of April 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

93

115

9.70

Indirect Waterfront

24

25

11.52

$442,800

Golf Course

1

3

4.00

$725,667

Beachfront

160

194

9.90

$808,264

Gulf View

28

27

12.44

$797,241

Inland

82

132

7.45

$250,385

Preserve

12

11

13.09

$392,182

$361,349

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 March 2017  

Southwest Florida Real Estate Market Report for March 2017

Market Report March 2017  

Southwest Florida Real Estate Market Report for March 2017