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.”