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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