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Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR MAY 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 7% year-over-year.  Closed sales priced above $2 million increased 25% through May compared to the same period in 2016. During the past 12 months, sales in this category are approximately the same as prior year (429 vs. 426).

New Listings/Inventory  Available inventory on June 1, 2017 consisted of 6,910 units, an increase of 5% over June 1, 2016. This represents 6.9 months of supply based on current absorption rates.  During the 12 months ending May 31, 2017, a total of 20,292 new listings were added to the market, less than a 2% increase from the prior 12 months ending May 31, 2016.

Average and Median Sales Price  Year-to-date average sales price for the area increased 4% to $575,780, up from $553,785 for the same period in 2016. Median price is approximately the same as last year at $330,000 for the period.  Over the past 12 months, the average sales price of properties above $2 million remained static with prior year at $3,806,276.

MARCO ISLAND Closed Sales  During the 12 months ending May 31, 2017, the Marco Island area had 754 closings, down 14% from the same period last year when there were 880 closings.  The number of closed sales year-to-date decreased 24% over prior year to 282 vs. 371 in 2016.

New Listings/Inventory  Available inventory on June 1, 2017 consisted of 723 units, down from 765 units last month.  During the 12 months ending May 31, 2017, there were a total of 1,398 new listings added to the Marco Island market. This is a 5% reduction from the prior 12-month period when 1,473 new listings were added.

Average and Median Sales Price  Average price of closed sales during the month of May was up 9% year-over-year while median price increased 3% for the period.  The 12-month average price increased 7% over the prior 12 months to $767,020, up from $715,879.

The new Marco Island statistics have been 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

---------------- 11,089 ---------------- 11,049 ---------------- 11,433 ---------------- 12,361 ---------------- 13,197 ---------------- 13,400 ---------------- 12,125 ---------------- 12,019

NEW LISTINGS

MARCO ISLAND

1,600

2010 2011 2012 2013 2014 2015 2016 2017

1,400 1,200 1,000 800

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

1,630 1,572 1,329 1,444 1,416 1,373 1,473 1,398

CLOSED UNITS

600 400 200 0

---------------- 23,927 ---------------- 22,618 ---------------- 20,045 ---------------- 19,531 ---------------- 18,779 ---------------- 18,515 ---------------- 19,934 ---------------- 20,292

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

------------------ 689 ------------------ 703 ------------------ 805 ------------------ 969 ------------------ 1,020 ------------------ 959 ------------------ 880 ------------------ 754

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

$528k

$525k

2016

2017

$489k

$460,000 $430,000

$447k

$400,000 $370,000

$384k

$340,000 $310,000

$335k

$357k

$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

$767k $691k

$716k

$618k $572k

2010

$566k $536k

$534k

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 June 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

29

32

10.88

$4,046,656

Audubon Country Club

31

23

16.17

$966,269

Barefoot Beach

14

14

12.00

$3,935,893

Bonita Bay

32

83

4.63

$1,134,904

The Brooks

63

79

9.57

$783,498

Collier’s Reserve

17

13

15.69

$1,262,300

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

102

84

14.57

$1,950,795

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

23

14

19.71

$3,440,714

The Crossings

7

10

8.40

$785,200

Grey Oaks

44

53

9.96

$2,462,355

Kensington

14

14

12.00

$1,014,323

Lely Resort

100

97

12.37

$729,432

Mediterra

60

40

18.00

$1,900,634

Monterey

12

21

6.86

$713,857

Olde Cypress

32

35

10.97

$758,743

Old Naples

84

79

12.76

$3,612,121

Palmira Golf and Country Club

31

27

13.78

$632,667

Pelican Bay

26

48

6.50

$1,586,901

Pelican Bay (Bay Colony)

9

4

27.00

$4,094,003

Pelican Landing

23

57

4.84

$805,838

Pelican Landing (The Colony)

9

14

7.71

$1,271,499

Pelican Marsh

50

36

16.67

$1,247,577

Pelican Sound

5

11

5.45

$589,545

Pine Ridge

31

33

11.27

$1,463,023

Port Royal

53

26

24.46

$8,457,067

Quail Creek

27

16

20.25

$991,750

Quail West

59

50

14.16

$1,954,441

Royal Harbor

23

31

8.90

$2,192,758

Tiburon

11

7

18.86

$3,114,286

Vanderbilt Beach

29

33

10.55

$2,012,288

The Vineyards

48

69

8.35

$623,267

West Bay Club

16

17

11.29

$1,037,735

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 June 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Barefoot Beach

5

19

3.16

$1,115,000

Bonita Bay

80

108

8.89

$637,940

The Brooks

56

90

7.47

$296,288

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

61

80

9.15

$357,933

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

164

269

7.32

$1,330,740

The Dunes

38

23

19.83

$1,142,402

Grey Oaks

14

10

16.80

$909,250

Kensington

18

13

16.62

$475,865

Lely Resort

125

138

10.87

$324,485

Mediterra

24

16

18.00

$561,938

Olde Cypress

4

8

6.00

$440,650

Old Naples

72

134

6.45

$725,802

Palmira Golf and Country Club

15

14

12.86

$320,430

Pelican Bay

116

232

6.00

$894,784

Pelican Bay (Bay Colony)

18

27

8.00

$3,222,681

Pelican Landing

48

56

10.29

$342,925

Pelican Landing (The Colony)

51

63

9.71

$956,528

Pelican Marsh

44

58

9.10

$427,634

Pelican Sound

35

61

6.89

$301,317

Pine Ridge

11

19

6.95

$226,253

Tiburon

24

32

9.00

$805,781

Vanderbilt Beach

68

96

8.50

$753,935

The Vineyards

102

91

13.45

$345,522

West Bay Club

19

24

9.50

$466,542

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 June 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

Direct Waterfront

134

122

13.18

$1,445,845

Indirect Waterfront

116

159

8.75

$920,544

7

13

6.46

$545,462

Golf Course

AVERAGE CLOSED PRICE

Beachfront

7

0

Inland

60

102

7.06

$505,747

Preserve

8

3

32.00

$1,210,000

CONDOMINIUMS Monthly Snapshot as of May 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

78

118

Indirect Waterfront

22

27

9.78

$451,111

Golf Course

1

3

4.00

$725,667

Beachfront

150

195

9.23

$843,736

Gulf View

28

30

11.20

$795,133

Inland

74

131

6.78

$255,809

Preserve

12

11

13.09

$370,909

7.93

$367,371

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 for May 2017  
Market Report for May 2017  

John R Wood Properties Monthly Market Report for May 2017 Southwest Florida Real Estate