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.”