Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR NOVEMBER 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 is up 3% over the the same period in 2016. Closed sales, priced above $2 million increased 22.5% through October compared to the same period in 2016 (424 vs. 346). During the past 12 months, closings in this segment are up 20.9% over the prior period (457 vs. 378). Closings in November reflected the slow-down in September with 708 sales for the month compared to 829 in November 2016.
New Listings/Inventory Available inventory on December 1, 2017 consisted of 6,692 single family homes and condominiums, up from 6,537 units a year ago. This represents 6.7 months of supply based on the sales pace over the past 12 months. During the 12 months ending November 30, 2017 there were a total of 19,290 new listings added to the market, a decline of 5% from the prior 12 months.
Average and Median Sales Price Year-to-date average sales price for the area increased 3.8% to $535,864, up from $516,469 for the same period in 2016. Median closed price is up 5.1% to $326,500 vs. $310,000 in 2016. Average price of sales above $2 million remained static over the past 12 months at $3,723,987, an increase of less than 2%.
MARCO ISLAND Closed Sales During the 12 months ending November 30, 2017, the Marco Island area recorded 867 closings, an increase of 5% over the same period last year when there were 826 closings. Year-to-date 785 closings occurred compared to 779 last year.
New Listings/Inventory Available inventory on December 1, 2017 consisted of a total of 619 single family homes and condominiums compared to 758 at the same time last year. This represents 8.6 months of supply based on current absorption rates. During the 12 months ending November 30, 2017, a total of 1,303 new listings were added to the Marco Island market, down 11% from the prior 12 months.
Average and Median Sales Price Year-to-date average price of closed sales stands at $723,505 vs. $702,750 for the same period in 2016. Average sales price for the 12 months ending November 30, 2017 is $725,372, up 3.7% from last year’s average of $699,774. Median price for this period increased 6.4% to $576,944.
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
6,000 3,000
1,800
2010
2011
2012
2013
2014
2015
2016
2017
2010 2011 2012 2013 2014 2015 2016 2017
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10,729 11,424 11,815 12,978 13,208 13,321 11,732 11,994
NEW LISTINGS
MARCO ISLAND
1,600
2010 2011 2012 2013 2014 2015 2016 2017
1,400 1,200 1,000 800
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1,686 1,432 1,358 1,420 1,389 1,398 1,469 1,303
CLOSED UNITS
600 400 200 0
24,203 20,861 19,606 19,051 18,412 18,638 20,315 19,290
CLOSED UNITS
9,000
0
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2010
2011
2012
2013
2014
2015
2016
2017
2010 2011 2012 2013 2014 2015 2016 2017
------------------ 650 ------------------ 794 ------------------ 872 ------------------ 1,012 ------------------ 992 ------------------ 980 ------------------ 826 ------------------ 867
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 $536k
$490,000
$519k
$514k
2015
2016
$460,000 $466k
$430,000 $400,000
$413k
$370,000 $340,000 $310,000
$365k $342k
$347k
2010
2011
$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
2012
2013
2014
2017
MARCO ISLAND
$725k $678k
$700k
$627k $574k $536k
$535k
2010
2011
$519k
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 December 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Aqualane Shores
21
22
11.45
$3,865,818
Audubon Country Club
28
16
21.00
$961,000
Barefoot Beach
15
12
15.00
$3,866,875
Bonita Bay
32
71
5.41
$1,175,921
Brooks
67
79
10.18
$755,967
Collier’s Reserve
16
12
16.00
$1,242,388
Crossings
6
8
9.00
$883,750
Grey Oaks
36
54
8.00
$2,564,251
Kensington
12
12
12.00
$901,458
Lely Resort
83
104
9.58
$737,105
Mediterra
48
36
16.00
$2,082,456
Monterey
10
20
6.00
$642,425
Olde Cypress
21
28
9.00
$796,846
Old Naples
72
80
10.80
$3,642,189
Palmira Golf and Country Club
27
20
16.20
$579,325
Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront
87
106
9.85
$1,817,529
Park Shore/Moorings/Seagate/Coquina Sands Waterfront
23
17
16.24
$3,414,647
Pelican Bay
11
47
2.81
$1,553,112
Pelican Bay (Bay Colony)
9
3
36.00
$3,383,333
Pelican Landing
25
44
6.82
$791,692
Pelican Landing (The Colony)
12
11
13.09
$1,483,394
Pelican Marsh
35
31
13.55
$1,172,251
Pelican Sound
2
11
2.18
$579,909
Pine Ridge
35
33
12.73
$1,458,621
Port Royal
44
27
19.56
$8,513,583
Quail Creek
20
21
11.43
$888,643
Quail West
54
49
13.22
$2,050,661
Royal Harbor
17
27
7.56
$2,173,556
Tiburon
5
7
8.57
$2,705,714
Vanderbilt Beach
19
27
8.44
$2,122,435
Vineyards
50
51
11.76
$621,868
West Bay Club
13
30
5.20
$1,163,250
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 December 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Barefoot Beach
8
18
5.33
$1,113,158
Bonita Bay
73
96
9.13
$617,410
Brooks
54
89
7.28
$279,394
Dunes
38
24
19.00
$1,123,656
Grey Oaks
11
7
18.86
$898,214
Kensington
17
12
17.00
$448,075
Lely Resort
118
138
10.26
$321,905
Mediterra
22
16
16.50
$568,656
Olde Cypress
5
5
12.00
$450,840
Old Naples
84
121
8.33
$783,952
Palmira Golf and Country Club
17
12
17.00
$321,992
Park Shore/Moorings/Seagate/Coquina Sands - Non-Waterfront
58
74
9.41
$312,609
Park Shore/Moorings/Seagate/Coquina Sands - Waterfront
161
252
7.67
$1,268,586
Pelican Bay
107
244
5.26
$882,330
Pelican Bay (Bay Colony)
25
26
11.54
$2,876,727
Pelican Landing
53
57
11.16
$336,877
Pelican Landing (The Colony)
61
60
12.20
$877,764
Pelican Marsh
52
54
11.56
$454,153
Pelican Sound
27
60
5.40
$308,843
Pine Ridge
15
22
8.18
$237,245
Tiburon
25
30
10.00
$715,813
Vanderbilt Beach
66
87
9.10
$731,382
Vineyards
106
101
12.59
$351,110
West Bay Club
13
32
4.88
$495,891
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™
Island Snapshot Report Marco Island 12-Month Sold Comparison Report
SINGLE FAMILY HOMES Monthly Snapshot as of December 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
MONTHS OF SUPPLY
Direct Waterfront
107
115
11.17
$1,329,648
Indirect Waterfront
103
142
8.70
$916,020
8
15
6.40
$488,883
Golf Course
AVERAGE CLOSED PRICE
Beachfront
5
2
30.00
$5,675,000
Inland
65
103
7.57
$498,882
Preserve
5
6
10.00
$1,120,000
CONDOMINIUMS Monthly Snapshot as of December 1, 2017
AVAILABLE INVENTORY
CLOSED PAST 12 MONTHS
Direct Waterfront
67
103
7.81
$376,738
Indirect Waterfront
23
29
9.52
$445,448
1
0.00
$760,000
Golf Course
MONTHS OF SUPPLY
AVERAGE CLOSED PRICE
Beachfront
137
182
9.03
$845,466
Gulf View
27
33
9.82
$736,773
Inland
67
123
6.54
$253,934
Preserve
5
13
4.62
$359,731
Definitions Direct Waterfront
Properties with direct waterfront access indicates there are no bridges or the Marco Island High Span Bridge to navigate to open water.
Indirect Waterfront
Properties with indirect waterfront 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.”