Monthly Market Report for November 2016

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

Bring Your Highest Expectations™

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales  During the 12 months ending October 31, 2016, the Naples, Bonita Springs and Estero market had a total of 11,528 closings, 13% lower than the prior 12-month period when there were 13,258. (Ex 1a) The price segment between $500,000 and $1 million remained relatively stable, showing less than a 3% decrease.  Year-to-date closed sales for Naples, Bonita Springs and Estero were 9,749 vs. 11,314 YTD 2015. This represents a 14% sales pace reduction from last year.  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 18% (385 vs 472).

New Listings/Inventory  Available inventory on November 1, 2016 for the Naples, Bonita Springs and Estero markets consisted of 6,537 units, up from 6,081 units last month and a 31% increase over November 1, 2015.  During the 12 months ending October 31, 2016, there were 20,124 new listings added to the Naples, Bonita Springs and Estero market, an 8.8% increase over the same period 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 October was slightly lower year-over-year, while median closed price is up 4% for the month.  Average sales price over the past 12 months remianed approximately the same as the prior 12 months at $519,491. (Ex 2a)  Average price of sales above $2 million fell 4.7% over the past 12 months, from $3,872,674 to $3,691,985.

MARCO ISLAND Closed Sales  During the 12 months ending October 31, 2016, the Marco Island area had 827 closings, down from 992 closings for the same period last year. (Ex 1b)  There were 713 closed sales year-to-date on Marco Island, down from 868 sales during the same period in 2015.

New Listings/Inventory  Available inventory on November 1, 2016 for the Marco Island market consisted of 662 units compared to 629 units last month.  During the 12 months ending October 31, 2016, there were 1,514 new listings added to the Marco Island market. This represents a 10.8% increase over the same period last year when there were 1,366 new listings added.

Average and Median Sales Price  Average price of closed sales in the Marco Island market during the month of October remained consistent with October 2015, decreasing less than 2%. Median price for the month increased 5%.  Average sales price over the past 12 months also remained stable at $726,000 vs. $738,000 a year ago. (Ex 2b) *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

Ex. 1a

NAPLES, BONITA SPRINGS/ESTERO

27,000

2016------------------ 20,124 2015------------------ 18,489

24,000

2014------------------ 18,504 2013------------------ 17,972 2012------------------ 18,913

21,000 18,000

2011------------------ 19,926 2010------------------ 22,456 2009------------------ 24,160

15,000 12,000

CLOSED UNITS

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------------------ 11,528 2015------------------ 13,258 2014------------------ 12,961 2013------------------ 12,147 2012------------------ 10,895 2011------------------ 10,528 2010------------------ 10,025 2009--------------------8,281

NEW LISTINGS 2016--------------------1,514 2015--------------------1,366 2014--------------------1,399 2013--------------------1,396 2012--------------------1,350 2011--------------------1,429

1,600 1,400 1,200

2010--------------------1,690 2009--------------------1,759

1,000 800

CLOSED UNITS

600

2016---------------------- 827 2015---------------------- 992

400

2014---------------------- 997 2013--------------------1,001 2012---------------------- 869 2011---------------------- 777 2010---------------------- 662

200 0

2009

2010

2011

2012

2013

2014

2015

2016

2009---------------------- 645

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

Ex. 2a

NAPLES, BONITA SPRINGS/ESTERO

$490,000 $460,000

$516k

$519k

2015

2016

$467k

$430,000 $432k

$400,000 $370,000 $340,000 $310,000

$358k

$364k

2010

2011

$372k

$344k

$280,000 $250,000

$750,000

2009

2012

2013

2014

Ex. 2b

MARCO ISLAND

$700,000

$738k

$726k

$650,000 $600,000

$644k

$626k

$550,000

$590k

$500,000

$542k

$535k

$542k

2010

2011

2012

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

2009

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

SINGLE FAMILY HOMES Monthly Snapshot as of November 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

33

28

14.14

$4,325,643

Barefoot Beach

22

11

24.00

$3,835,455

Bonita Bay

41

71

6.93

$1,092,874

The Brooks

55

71

9.30

$797,007

Collier’s Reserve

16

13

14.77

$1,303,623

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

94

84

13.43

$1,781,918

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

23

11

25.09

$3,704,091

The Crossings

7

10

8.40

$666,600

Grey Oaks

46

46

12.00

$1,908,837

Kensington

11

16

8.25

$877,064

Lely Resort

96

101

11.41

$682,983

Mediterra

60

58

12.41

$2,238,447

Monterey

12

30

4.80

$766,183

Olde Cypress

26

33

9.45

$783,591

Old Naples

74

72

12.33

$3,170,201

Palmira Golf and Country Club

31

25

14.88

$628,372

Pelican Bay

24

43

6.70

$1,434,897

Pelican Bay (Bay Colony)

7

6

14.00

$4,691,386

Pelican Landing

30

51

7.06

$806,094

Pelican Landing (The Colony)

13

18

8.67

$1,501,868

Pelican Marsh

44

49

10.78

$1,235,531

Pelican Sound

7

13

6.46

$624,808

Pine Ridge

38

39

11.69

$1,180,658

Port Royal

51

32

19.13

$7,582,172

Quail Creek

22

22

12.00

$932,682

Quail West

61

30

24.40

$1,898,755

Royal Harbor

34

20

20.40

$1,969,025

Tiburon

13

7

22.29

$2,497,143

Vanderbilt Beach

27

27

12.00

$1,923,889

The Vineyards

62

66

11.27

$698,726

West Bay Club

16

15

12.80

$912,933

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

CONDOMINIUMS Monthly Snapshot as of November 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Barefoot Beach

4

18

2.67

$1,055,417

Bonita Bay

59

110

6.44

$731,163

The Brooks

46

108

5.11

$285,680

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

48

87

6.62

$370,217

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

155

258

7.21

$1,277,532

The Dunes

28

25

13.44

$1,136,298

Grey Oaks

7

14

6.00

$923,750

Kensington

14

17

9.88

$447,015

Lely Resort

125

148

10.14

$318,550

Mediterra

23

13

21.23

$578,846

Monterey

2

3

8.00

$291,667

Olde Cypress

4

7

6.86

$417,714

Old Naples

70

126

6.67

$661,359

Palmira Golf and Country Club

12

20

7.20

$354,706

Pelican Bay

123

224

6.59

$934,625

Pelican Bay (Bay Colony)

32

18

21.33

$3,579,667

Pelican Landing

43

56

9.21

$348,416

Pelican Landing (The Colony)

73

56

15.64

$878,066

Pelican Marsh

40

54

8.89

$463,772

Pelican Sound

17

46

4.43

$317,855

Pine Ridge

6

12

6.00

$191,750

Tiburon

35

18

23.33

$847,278

Vanderbilt Beach

63

91

8.31

$866,459

The Vineyards

92

79

13.97

$363,838

West Bay Club

18

22

9.82

$433,950

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 November 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

127

93

16.39

$1,525,394

Indirect Waterfront

100

141

8.51

$833,510

Golf Course

11

9

14.67

$473,333

Gulf Front

4

1

48.00

$5,350,000

Inland

66

96

8.25

$481,405

Preserve

12

4

36.00

$1,476,375

CONDOMINIUMS Monthly Snapshot as of November 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

84

101

Indirect Waterfront

19

25

9.12

$439,240

Golf Course

1

3

4.00

$695,667

Gulf Front

161

171

11.30

$821,068

Gulf View

25

36

8.33

$756,222

Inland

72

140

6.17

$235,127

Preserve

16

7

27.43

$420,143

9.98

$353,146

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, 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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