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


Bring Your Highest Expectations™

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales  There were 931 closed sales in the Naples, Bonita Springs and Estero market during the month of December. This represents 62 fewer sales than December 2015.  Total closed sales for the year in the area were 11,582, down 12% from annual sales in 2015.  Closed sales priced above $2 million fell 21% through December when compared with the same period in 2015 (379 vs. 481).

New Listings/Inventory  Available inventory on January 1, 2017 consisted of 7,075 single family homes and condominiums, an increase of 38% over January 1, 2016 (5131).  During the month of December, there were 1,480 new listings added to the Naples, Bonita Springs and Estero market. This represents an increase of 8% over December 2015.

Average and Median Sales Price  Average price of closed sales during the month of December was slightly lower than the prior year, while median closed price was up 4.6% for the period.  Average price of sales above $2 million remained relatively stable for the year, down less than 2% from $3,822,468 in 2015 to $3,754,469 in 2016.

MARCO ISLAND Closed Sales  A total of 843 residential sales and lots closed on Marco Island during 2016, down from 982 during 2015.  During the month of December, there were 93 closings, an increase of 24% over December 2015 when there were 75 closed.

New Listings/Inventory  Available inventory on January 1, 2017 consisted of 737 units, compared to 654 units last month, and 606 on January 1, 2016.  During the year, 1,471 new listings were added to the market. This represents a 3.4% increase over the same period last year when there were 1,423 new listings.

Average and Median Sales Price  Average price of closed sales in the Marco Island market during the month of December remained static with prior year, rising only 1.1%. Median pricing was up 3% for the month. *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 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

NEW LISTINGS

NAPLES, BONITA SPRINGS AND ESTERO

27,000

2016 ----------------- 20,392 2015 ----------------- 18,715

24,000

2014 ----------------- 18,433 2013 ----------------- 17,800 2012 ----------------- 18,630

21,000

2011 ----------------- 19,652 2010 ----------------- 22,612 2009 ----------------- 23,540

18,000 15,000

CLOSED UNITS

12,000 9,000 6,000 3,000 0

2,000

2009

2010

2011

2012

2013

2014

2015

2016

2016 ----------------- 11,582 2015 ----------------- 13,093 2014 ----------------- 13,271 2013 ----------------- 12,017 2012 ----------------- 11,275 2011 ----------------- 10,494 2010 -------------------9,967 2009 -------------------8,859

NEW LISTINGS

MARCO ISLAND

1,800

2016 -------------------1,471 2015 -------------------1,423 2014 -------------------1,381 2013 -------------------1,415 2012 -------------------1,353 2011 -------------------1,385

1,600 1,400 1,200

2010 -------------------1,670 2009 -------------------1,603

1,000 800

CLOSED UNITS

600

2016 --------------------- 843 2015 --------------------- 982

400

2014 -------------------1,008 2013 --------------------- 956 2012 --------------------- 915 2011 --------------------- 780 2010 --------------------- 649

200 0

2009

2010

2011

2012

2013

2014

2015

2016

2009 --------------------- 601

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 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

NAPLES, BONITA SPRINGS AND ESTERO

$490,000 $460,000

$524k

$519k

2015

2016

$740k

$742k

2015

2016

$474k

$430,000 $431k

$400,000 $370,000

$381k

$340,000 $310,000

$366k

$358k $341k

$280,000 $250,000

$800,000 $750,000

2009

2010

2011

2012

2013

2014

MARCO ISLAND

$700,000 $650,000 $600,000 $550,000

$614k

$500,000

$606k $538k

$524k

$620k

$554k

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

2009

2010

2011

2012

2013

2014

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 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 and Estero Market Area 12-Month Sold Comparison Report for Select Communities

SINGLE FAMILY HOMES Monthly Snapshot as of January 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

31

30

12.4

$4,239,767

Audubon Country Club

32

27

14.22

$957,155

Barefoot Beach

19

10

22.80

$3,599,000

Bonita Bay

44

73

7.23

$1,133,654

The Brooks

56

82

8.20

$804,807

Collier’s Reserve

13

12

13.00

$1,319,167

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

112

73

18.41

$1,763,125

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

30

11

32.73

$3,540,455

The Crossings

9

10

10.80

$723,600

Grey Oaks

55

45

14.67

$2,112,218

Kensington

13

14

11.14

$964,544

Lely Resort

108

94

13.79

$695,079

Mediterra

56

52

12.92

$2,162,360

Monterey

11

33

4.00

$762,894

Olde Cypress

37

31

14.32

$770,710

Old Naples

84

74

13.62

$3,217,727

Palmira Golf and Country Club

26

25

12.48

$653,132

Pelican Bay

25

42

7.14

$1,414,521

Pelican Bay (Bay Colony)

10

5

24.00

$3,909,663

Pelican Landing

31

49

7.59

$845,883

Pelican Landing (The Colony)

15

17

10.59

$1,553,880

Pelican Marsh

47

46

12.26

$1,249,380

Pelican Sound

6

12

6.00

$623,542

Pine Ridge

34

34

12.00

$1,226,563

Port Royal

58

29

24.00

$8,124,078

Quail Creek

20

22

10.91

$972,682

Quail West

61

31

23.61

$1,962,491

Royal Harbor

30

20

18.00

$2,146,225

Tiburon

14

5

33.60

$2,848,000

Vanderbilt Beach

27

25

12.96

$1,963,340

The Vineyards

60

72

10.00

$665,845

West Bay Club

17

16

12.75

$1,033,438

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 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 and Estero Market Area 12-Month Sold Comparison Report for Select Communities

CONDOMINIUMS Monthly Snapshot as of January 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Barefoot Beach

6

15

4.80

$1,000,233

Audubon Country Club

1

3

4.00

$825,000

Bonita Bay

61

111

6.59

$672,446

The Brooks

53

99

6.42

$284,692

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

47

80

7.05

$380,722

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

194

253

9.20

$1,306,417

The Dunes

34

22

18.55

$1,140,227

Grey Oaks

10

14

8.57

$946,893

Kensington

17

18

11.33

$450,792

Lely Resort

135

134

12.09

$318,264

Mediterra

27

11

29.45

$562,273

Monterey

2

3

8.00

$291,667

Olde Cypress

8

7

13.71

$404,129

Old Naples

75

121

7.44

$670,730

Palmira Golf and Country Club

10

18

6.67

$353,279

Pelican Bay

143

223

7.70

$927,718

Pelican Bay (Bay Colony)

33

21

18.86

$3,651,619

Pelican Landing

46

47

11.74

$349,006

Pelican Landing (The Colony)

71

59

14.44

$943,877

Pelican Marsh

45

54

10.00

$452,728

Pelican Sound

25

52

5.77

$309,218

Pine Ridge

7

12

7.00

$191,867

Tiburon

31

18

20.67

$872,111

Vanderbilt Beach

69

88

9.41

$882,879

The Vineyards

99

74

16.05

$342,399

West Bay Club

26

25

12.48

$427,616

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 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 January 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

Direct Waterfront

149

104

17.19

$1,485,775

Indirect Waterfront

110

148

8.92

$846,028

9

11

9.82

$493,909

Golf Course

AVERAGE CLOSED PRICE

Beachfront

6

1

72.00

$5,350,000

Inland

75

94

9.57

$491,403

Preserve

12

5

28.80

$1,481,100

CONDOMINIUMS Monthly Snapshot as of January 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

92

98

11.27

Indirect Waterfront

22

26

10.15

$444,500

Golf Course

0

2

0.00

$708,500

Beachfront

162

177

10.98

$793,901

Gulf View

22

34

7.76

$780,265

Inland

76

135

6.76

$239,921

Preserve

15

8

22.50

$423,250

$353,672

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.

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. “The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island 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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Monthly Market Report for Dec 2016  

Real Estate Market in Southwest Florida for December 2016

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