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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

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

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

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

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.”

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Monthly Market Report - November 2017  

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