Monthly Market Report for August 2016

Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR AUGUST 2016 Naples / Bonita Springs / Estero / Marco Island Market Area

Bring Your Highest Expectations™

NAPLES, BONITA SPRINGS/ESTERO Closed Sales  During the 12 months ending August 31, 2016, the Naples/Bonita Springs and Estero market had a total of 11,713 closings, 12% lower than the prior 12-month period when there were 13,280. (Ex 1a)  Year-to-date closed sales for Naples/Bonita Springs and Estero were 8,068 at an average price of $529,228 vs 9,448 at an average price of $529,539 YTD 2015. This represents a 15% sales pace reduction from last year, with pricing stable.  Closed sales priced above $2 million year-to-date fell 23% for the Naples/Bonita Springs and Estero market, when compared to the same period in 2015. During the past 12 months, sales in this price category are down 14% (399 vs 462).

New Listings/Inventory  Available inventory on September 1, 2016 for the Naples/Bonita Springs and Estero markets consisted of 5,839 units, down from 5,991 units last month and up from 4,198 units a year ago.  During the 12 months ending August 31, 2016 there were a total of 19,736 new listings added to the Naples/Bonita Springs and Estero market which is 6% more than the same period ending in 2015. (Ex 1a)

Average and Median Sales Price  Average price of closed sales in the Naples/Bonita Springs and Estero market during the month of August was the same year-over-year, while median closed price is up 6.7%.  Average price of sales above $2 million has remained approximately the same over the past 12 months, decreasing less than 2% to $3,793,159.

MARCO ISLAND Closed Sales  During the 12 months ending August 31, 2016, the Marco Island area had 850 closings, down 13.4% from the same period last year when there were 982 closings. (Ex 1b)  Year-to-date closed sales for Marco Island total 599, at an average price of $699,269, vs 805 closed sales YTD 2015 at an average price of $707,234. This represents a reduction in sales volume of 25% and relatively stable pricing year-over-year.

New Listings/Inventory  Available inventory on September 1, 2016 for the Marco Island market consisted of a total of 641 units, compared to 617 units last month.  During the 12 months ending August 31, 2016 there were a total of 1,504 new listings added to the Marco Island market.

This represents a 9.6% increase over the same period last year when there were 1,372 new listings added. (Ex 1b)

Average and Median Sales Price  Average price of closed sales in the Marco Island market during the month of August rose a modest 1.1% year over year, while the median pricing was up 4.82% from the same period last year. *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, Copyright 2016, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Southwest Florida MLS. 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 30,000

Ex. 1a

NAPLES, BONITA SPRINGS/ESTERO

27,000

2016------------------ 19,736 2015------------------ 18,631

24,000

2014------------------ 18,181 2013------------------ 18,400 2012------------------ 18,767

21,000

2011------------------ 20,559 2010------------------ 22,525 2009------------------ 24,497

18,000 15,000

CLOSED UNITS

12000 9,000 6,000 3,000 0

2,000

NEW LISTINGS

2009

2010

2011

2012

2013

2014

2015

2016

Ex. 1b

MARCO ISLAND

1,800

2016------------------ 11,713 2015------------------ 13,280 2014------------------ 12,734 2013------------------ 12,009 2012------------------ 10,692 2011------------------ 10,429 2010------------------ 10,274 2009--------------------7,782

NEW LISTINGS 2016--------------------1,504 2015--------------------1,372 2014--------------------1,397 2013--------------------1,416 2012--------------------1,321 2011--------------------1,521

1,600 1,400 1,200

2010--------------------1,642 2009--------------------1,759

1,000 800

CLOSED UNITS

600

2016---------------------- 850 2015---------------------- 982

400

2014--------------------1,009 2013---------------------- 988 2012---------------------- 845 2011---------------------- 761 2010---------------------- 659

200 0

2009

2010

2011

2012

2013

2014

2015

2016

2009---------------------- 649

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, Copyright 2016, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Southwest Florida MLS. 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

Ex. 2a

NAPLES, BONITA SPRINGS/ESTERO

$523k

$490,000

$507k

$460,000 $464k

$430,000 $400,000

$421k

$370,000 $340,000

$357k

$360k

$363k

2009

2010

2011

$374k

$310,000 $280,000 $250,000

$750,000

2012

2013

2014

2016 Ex. 2b

MARCO ISLAND

$700,000

$714k

$650,000 $600,000

2015

$728k

$650k

$550,000

$585k

$500,000

$539k

$538k

2010

2011

$605k

$547k

$450,000 $400,000 $350,000 $300,000 $250,000

2009

2012

2013

2014

2015

2016

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, Copyright 2016, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Southwest Florida MLS. 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/Estero Market Area 12-Month Sold Comparison Report for Select Communities

SINGLE FAMILY HOMES Monthly Snapshot as of September 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

28

30

11.20

$4,065,600

Barefoot Beach

16

13

14.77

$3,489,615

Bonita Bay

28

70

4.80

$1,094,222

The Brooks

41

73

6.74

$792,120

Collier’s Reserve

14

12

14.00

$1,327,675

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

96

103

11.18

$1,744,521

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

23

11

25.09

$3,592,727

The Crossings

7

12

7.00

$710,000

Grey Oaks

47

46

12.26

$2,000,987

Kensington

10

22

5.45

$898,501

Lely Resort

85

108

9.44

$707,866

Mediterra

60

63

11.43

$2,387,142

Monterey

13

28

5.57

$761,375

Olde Cypress

16

32

6.00

$773,766

Old Naples

72

72

12.00

$3,039,539

Palmira Golf and Country Club

24

25

11.52

$626,592

Pelican Bay

18

43

5.02

$1,417,572

Pelican Bay (Bay Colony)

6

8

9.00

$6,518,539

Pelican Landing

19

53

4.30

$791,509

Pelican Landing (The Colony)

12

18

8.00

$1,501,868

Pelican Marsh

26

54

5.78

$1,288,796

Pelican Sound

2

12

2.00

$615,625

Pine Ridge

28

42

8.00

$1,200,783

Port Royal

48

36

16.00

$7,978,597

Quail Creek

19

28

8.14

$958,804

Quail West

53

33

19.27

$1,929,062

Royal Harbor

27

16

20.25

$2,037,844

Tiburon

9

8

13.50

$2,451,250

Vanderbilt Beach

21

26

9.69

$1,799,808

The Vineyards

54

68

9.53

$704,978

West Bay Club

13

15

10.40

$945,600

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, Copyright 2016, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Southwest Florida MLS. 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/Estero Market Area 12-Month Sold Comparison Report for Select Communities

CONDOMINIUMS Monthly Snapshot as of September 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Barefoot Beach

3

18

2.00

$1,026,194

Bonita Bay

39

115

4.07

$691,067

The Brooks

38

118

3.86

$278,652

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

47

91

6.20

$365,238

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

127

261

5.84

$1,249,401

The Dunes

24

30

9.60

$1,135,015

Grey Oaks

5

15

4.00

$905,275

Kensington

12

19

7.58

$432,316

Lely Resort

115

158

8.73

$316,367

Mediterra

20

15

16.00

$576,333

Monterey

2

3

8.00

$291,667

Olde Cypress

5

6

10.00

$422,167

Old Naples

59

117

6.05

$636,894

Palmira Golf and Country Club

10

17

7.06

$358,059

Pelican Bay

107

218

5.89

$947,894

Pelican Bay (Bay Colony)

20

18

13.33

$3,544,944

Pelican Landing

34

56

7.29

$353,746

Pelican Landing (The Colony)

70

54

15.56

$827,191

Pelican Marsh

40

58

8.28

$462,731

Pelican Sound

17

45

4.53

$311,508

Pine Ridge

7

13

6.46

$206,500

Tiburon

36

19

22.74

$812,459

Vanderbilt Beach

54

86

7.53

$992,915

The Vineyards

89

79

13.52

$365,708

West Bay Club

18

25

8.64

$459,936

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, Copyright 2016, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Southwest Florida MLS. 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 September 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

126

94

16.09

$1,436,664

Indirect Waterfront

105

137

9.20

$818,683

Golf Course

8

9

10.67

$473,333

Gulf Front

5

2

30.00

$5,575,000

Inland

56

95

7.07

$504,136

Preserve

10

4

30.00

$1,281,875

Gulf View

CONDOMINIUMS Monthly Snapshot as of September 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

63

103

Indirect Waterfront

15

27

6.67

$434,852

Golf Course

1

2

6.00

$668,500

Gulf Front

148

182

9.76

$830,746

Gulf View

21

41

6.15

$740,037

Inland

66

147

5.39

$234,020

Preserve

17

7

29.14

$420,857

7.34

$362,245

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 prior to access to open water.

Golf Course

Properties with frontage on the Golf Course.

Gulf Front

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.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2016, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Southwest Florida MLS. 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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