Bring Your Highest Expectationsâ„¢ THIRD QUARTER MARKET REVIEW FOR 2018 Naples / Bonita Springs / Estero / Marco Island Market Area
Bring Your Highest Expectations™
NAPLES Single Family Homes The Quarter over Quarter (QoQ) rolling 12 month median price increased 5.1% over the same period in 2017 to $433,500, while the QoQ rolling 12 month average price rose to $793,273, up 7.2% from the end of Q3 2017. There were 1034 single family closings during the third quarter, up from 970 in Q3 2017. Months of supply at the end of the quarter stands at 7.08 months, up 17.1% from the same period last year.
Condominiums The QoQ rolling 12 month median price fell 1.1% to $259,250 from the same period last year. The QoQ rolling 12 month average price is $421,968, consistent with the same period last year. There were 1105 closings in Q3 2018 compared to 916 in Q3 2017. Months of supply at the end of Q3, was 6.36 months, an increase of 3.7% over the same period last year.
BONITA SPRINGS AND ESTERO Single Family Homes The QoQ rolling 12 month median price increased 6.7% from the same period last year to $424,153, while the rolling 12 month average price fell 3.4% to $509,257. There were 352 closings during the quarter compared to 296 in Q3 2017. Months of supply at the end of the quarter stands at 6 months, up 12.7% from Q3 2017.
Condominiums The QoQ rolling 12 month median price was $248,440, a modest increase from $240,135 last year. The QoQ 12 month average price was down 2.1% to $295,150. The number of condominium closings during Q3 increased to 320 compared to 275 during Q3 2017. Months of supply at the end of the quarter stands at 5.35 months, down 1.3% compared to the same time last year.
MARCO ISLAND Single Family Homes The QoQ rolling 12 month median price increased 1.1% from last year at $773,125, while the QoQ rolling 12 month average price rose 11.7% to $1,021,922. The number of closings in Q3 increased to 79 compared to 76 for the Q3 2017. Months of supply at the end of the quarter stands at 7.63 months, down 15% year-over-year.
Condominiums The QoQ rolling 12 month median price was down 2.7% from last year at $411,875 while the QoQ rolling 12 month average price rose 5.2% to $563,717. There were 107 closings during Q3, up 44.6% from 74 during same period last year. Months of supply at the end of the quarter stands at 7.82 months, down 3.2% from the same period in Q3 2017.
The pricing metric used in these reports is the quarter over quarter rolling 12 month median and average price. These numbers show overall pricing trends as they have changed from the same quarter in the prior year.
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 2018, 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.”
Bring Your Highest Expectations™
NAPLES AREA SINGLE FAMILY HOMES
$700,000
Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Rolling Quarterly Average Closed Sales Closed Sales
$600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0
Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3
2010
2011
2012
2013
2014
2015
2016
2017
2,000 1,900 1,800 1,700 1,600 1,500 1,400 1,300 1,200 1,100 1,000 900 800 700 600 500
Quarterly 12 Month Moving Average Closed Sales
Quarterly 12 Month Moving Average Sales Price
$800,000
Quarterly Closed Sales
Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price
2018
CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price Quarterly 12 Month Rolling Average Closed Sales
Quarterly Closed Sales
1,750
$500,000
1,500 1,500
$400,000
1,250
$300,000
1,000 1,000
$200,000
750 750
$100,000
500 500 $0 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Q1 Q1Q2 Q2Q3 Q3 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1 2010
2011
2012
2013
2014
2015
2016
2017
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Moving Average Closed Sales
2,000 2,000 $600,000
2018
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 2018, 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.”
Bring Your Highest Expectations™
BONITA SPRINGS / ESTERO SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Rolling Average Closed Sales
Quarterly Closed Sales
600
$500,000
500 $400,000
400 $300,000
300
$200,000
200
$100,000 $0
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Rolling Average Sales Price
100
Q1 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2
2010
2011
2012
2013
2014
2015
2016
2017
Quarterly 12 Month Moving Average Closed Sales
700
$600,000
0
2018
CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Rolling Average Closed Sales
Quarterly Closed Sales
600 600
$500,000
500 500 $400,000
400 400 $300,000
300 300
$200,000
200 200
$100,000 $0
100 100
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Moving Average Closed Sales
700 700
$600,000
0 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3 2010
2011
2012
2013
2014
2015
2016
2017
2018
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 2018, 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.”
Bring Your Highest Expectations™
MARCO ISLAND SINGLE FAMILY HOMES Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Rolling Average Closed Sales
Quarterly Closed Sales
200
$800,000
150 $600,000
100 $400,000
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
$1,000,000
50
$200,000 $0 Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4 Q4Q1 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3
2010
2011
2012
2013
2014
2015
2016
2017
Quarterly 12 Month Moving Average Closed Sales
250
$1,200,000
0
2018
CONDOMINIUMS Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Rolling Average Closed Sales
Quarterly Closed Sales
200 200
$800,000
150 150
$600,000 100 100
$400,000 50 50
$200,000 $0
Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3 Q3Q4 Q4Q1 Q1Q2 Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3 Q1
2010
2011
2012
2013
2014
2015
2016
2017
0 0
Quarterly Closed Sales
Quarterly 12 Month Moving Average Sales Price
$1,000,000
Quarterly 12 Month Rolling Average Sales Price
Quarterly 12 Month Moving Average Closed Sales
250 250
$1,200,000
2018
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 2018, 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.”