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Bring Your Highest Expectationsâ„¢ MONTHLY MARKET REPORT FOR JANUARY 2017 Naples / Bonita Springs / Estero / Marco Island Market Area


Bring Your Highest Expectations™

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales  During January 2017 there were 774 closed sales in the Naples, Bonita Springs, Estero market vs. 798 in January 2016.  The number of closed sales priced above $2 million year-to-date fell 34% when compared to the same period in 2016. During the past 12 months, sales in this price category are down 26% (364 vs. 493).

New Listings/Inventory  Available inventory on February 1, 2017 for the combined Naples, Bonita Springs, Estero market consisted of 8,091 units, up from 7,281 units last month, and an increase of 34% year-over-year.  During the 12 months ending January 31, 2017 there were a total of 20,393 new listings added to the market, a 7% increase over the same period in 2016.

Average and Median Sales Price  Average price of closed sales in the Naples, Bonita Springs, Estero market during the month of January was $540,941, down 11% from January 2016. Median closed price is down 5%.  Average price of sales above $2 million fell 2.4% over the past 12 months, from $3,832,508 to $3,740,781.

MARCO ISLAND Closed Sales  During the 12 months ending January 31, 2017, the Marco Island area had 854 closings, down 11.9% from the same period last year when there were 970 closings.  The number of closed sales for Marco Island during the month of January declined 18% from January 2016 (50 vs. 61). Sales volume was up 22% over January 2016. It should be noted that since this represents only one month, it is not indicative of a market trend.

New Listings/Inventory  Available inventory on February 1, 2017 for the Marco Island market consisted of a total of 796 units compared to 755 units last month and 712 on February 1, 2016.  Months of supply on Marco increased to 11 months, up from 8.8 in 2016.

Average and Median Sales Price  Average price of closed sales in January rose a modest 2.6% over January 2016, while the median price was up 5.2% from the same period last year. *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 30000

NEW LISTINGS

NAPLES, BONITA SPRINGS AND ESTERO

27000

2010 2011 2012 2013 2014 2015 2016 2017

24000 21000 18000 15000

CLOSED UNITS

12000 9000 6000 3000 0

2000

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

---------------- 9,798 ---------------- 10,710 ---------------- 11,351 ---------------- 12,056 ---------------- 13,065 ---------------- 13,313 ---------------- 13,145 ---------------- 11,612

NEW LISTINGS

MARCO ISLAND

1800

2010 2011 2012 2013 2014 2015 2016 2017

1600 1400 1200 1000

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

1,564 1,660 1,361 1,361 1,439 1,371 1,455 1,438

CLOSED UNITS

800 600 400 200 0

---------------- 23,968 ---------------- 23,990 ---------------- 20,444 ---------------- 19,695 ---------------- 18,876 ---------------- 18,273 ---------------- 18,970 ---------------- 20,349

2010

2011

2012

2013

2014

2015

2016

2017

2010 2011 2012 2013 2014 2015 2016 2017

------------------ 621 ------------------ 662 ------------------ 778 ------------------ 918 ------------------ 967 ------------------ 1,003 ------------------ 970 ------------------ 854

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 $527k

$490,000

$514k

$460,000

$475k

$430,000 $429k

$400,000 $370,000 $375k

$340,000 $310,000

$333k

$355k

$345k

$280,000 $250,000

$800,000 $750,000

2010

2011

2012

2013

2014

2015

2016

2017

MARCO ISLAND

$700,000

$732k

$751k

$650,000 $654k

$600,000 $550,000

$612k

$603k

$500,000

$530k

$538k

2011

2012

$551k

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

2010

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 February 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

35

29

14.48

$4,354,931

Audubon Country Club

36

25

17.28

$944,327

Barefoot Beach

17

13

15.69

$4,220,385

Bonita Bay

51

71

8.62

$1,082,784

The Brooks

59

80

8.85

$775,684

Collier’s Reserve

19

14

16.29

$1,337,857

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

140

74

22.70

$1,741,678

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

28

13

25.85

$3,161,154

The Crossings

7

9

9.33

$716,778

Grey Oaks

57

46

14.87

$2,173,366

Kensington

14

14

12.00

$922,044

Lely Resort

132

96

16.50

$681,755

Mediterra

59

47

15.06

$2,115,404

Monterey

12

29

4.97

$747,517

Olde Cypress

37

28

15.86

$770,964

Old Naples

93

69

16.17

$3,281,331

Palmira Golf and Country Club

32

24

16.00

$647,854

Pelican Bay

31

42

8.86

$1,449,521

Pelican Bay (Bay Colony)

10

5

24.00

$3,909,663

Pelican Landing

34

50

8.16

$832,966

Pelican Landing (The Colony)

14

15

11.20

$1,571,064

Pelican Marsh

57

43

15.91

$1,267,826

Pelican Sound

7

13

6.46

$624,038

Pine Ridge

41

38

12.95

$1,238,820

Port Royal

56

25

26.88

$7,798,850

Quail Creek

29

16

21.75

$958,688

Quail West

69

35

23.66

$1,889,971

Royal Harbor

31

26

14.31

$2,029,596

Tiburon

14

6

28.00

$2,616,667

Vanderbilt Beach

31

27

13.78

$1,917,167

The Vineyards

61

68

10.76

$666,563

West Bay Club

19

17

13.41

$1,037,059

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 February 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

Audubon Country Club

1

3

4.00

$825,000

Barefoot Beach

7

12

7.00

$993,708

Bonita Bay

74

109

8.15

$643,683

The Brooks

68

98

8.33

$284,021

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

61

77

9.51

$380,672

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

203

251

9.71

$1,277,406

The Dunes

40

20

24.00

$1,104,250

Grey Oaks

7

14

6.00

$946,893

Kensington

19

19

12.00

$446,803

Lely Resort

148

131

13.56

$319,101

Mediterra

28

11

30.55

$562,273

Monterey

2

3

8.00

$291,667

Olde Cypress

9

6

18.00

$415,150

Old Naples

78

126

7.43

$675,259

Palmira Golf and Country Club

14

18

9.33

$353,279

Pelican Bay

159

228

8.37

$939,126

Pelican Bay (Bay Colony)

39

23

20.35

$3,600,174

Pelican Landing

54

42

15.43

$347,781

Pelican Landing (The Colony)

72

62

13.94

$962,633

Pelican Marsh

45

53

10.19

$453,713

Pelican Sound

26

52

6.00

$312,141

Pine Ridge

6

12

6.00

$199,658

Tiburon

34

19

21.47

$903,579

Vanderbilt Beach

72

81

10.67

$857,658

The Vineyards

126

73

20.71

$340,567

West Bay Club

22

21

12.57

$424,162

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

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 February 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

Direct Waterfront

156

108

17.33

$1,496,307

Indirect Waterfront

126

151

10.01

$864,935

7

10

8.40

$507,300

Golf Course

AVERAGE CLOSED PRICE

Beachfront

7

1

84.00

$5,350,000

Inland

92

95

11.62

$494,605

Preserve

12

5

28.80

$1,481,100

CONDOMINIUMS Monthly Snapshot as of February 1, 2017

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

85

101

10.10

Indirect Waterfront

22

26

10.15

$447,654

Golf Course

1

2

6.00

$708,500

Beachfront

171

182

11.27

$817,148

Gulf View

27

30

10.80

$793,200

Inland

75

135

6.67

$242,444

Preserve

15

8

22.50

$407,625

$347,949

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 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. “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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Monthly Market Report for January 2017  

Southwest Florida Real Estate Market Report for January 2017

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