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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