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


Bring Your Highest Expectations™

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales  There were 774 closed sales in the combined Naples, Bonita Springs and Estero market during the month of November. This is a slight decrease over November 2015 when there were 786 closings.  Year-to-date closed sales for the area were 10,576, down from 12,100 sales during the same period in 2015.  During the period from January through November 2016, the number of closed sales priced above $2 million declined by 23%.

New Listings/Inventory  Available inventory on December 1, 2016 in the combined Naples, Bonita Springs and Estero market consisted of 6,964 units, up from 6,537 units last month and up from 4,989 units on December 1, 2015.  During the month of November, there were a total of 1,802 new listings added to the market, an increase of 10% over November 2015. Properties priced between $750,000 and $1million and those above $5 million had the largest increases, up 26%.

Average and Median Sales Price  Average price of closed sales in the Naples, Bonita Springs and Estero area during the month of November was slightly lower year-over-year, while median closed price is up 3.4% for the period.  Average price of sales priced above $2 million fell 4.4% over the past 12 months, from $3,870,585 to $3,701,244.

MARCO ISLAND Closed Sales  A total of 761 sales were recorded for Marco Island during the period from January through November 2016. This represents a 16.8% decline year-over-year.  During the 12 months ending November 30, 2016, the Marco Island area had 828 closings, down from 989 closings during the prior 12-month period.

New Listings/Inventory  Available inventory on December 1, 2016 in the Marco Island market consisted of 697 units, compared to 662 last month.  The number of new listings placed in inventory during the 12 months ending November 30, 2016 increased 5% over the prior 12 months.

Average and Median Sales Price  Average price of closed sales in the Marco Island market during the month of November was $729,123, down from $752,596 for November 2015. *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 AND ESTERO

27,000

2016------------------ 20,287 2015------------------ 18,652

24,000

2014------------------ 18,490 2013------------------ 17,823 2012------------------ 18,812

21,000

2011------------------ 19,712 2010------------------ 22,638 2009------------------ 23,798

18,000 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------------------ 11,569 2015------------------ 13,211 2014------------------ 13,025 2013------------------ 12,071 2012------------------ 11,078 2011------------------ 10,563 2010--------------------9,976 2009--------------------8,577

NEW LISTINGS 2016--------------------1,476 2015--------------------1,407 2014--------------------1,378 2013--------------------1,405 2012--------------------1,357 2011--------------------1,406

1,600 1,400 1,200

2010--------------------1,686 2009--------------------1,759

1,000 800

CLOSED UNITS

600

2016---------------------- 828 2015---------------------- 989

400

2014--------------------1,011 2013---------------------- 967 2012---------------------- 897 2011---------------------- 783 2010---------------------- 650

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, 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 AND ESTERO

$490,000 $460,000

$521k

$516k

2015

2016

$472k

$430,000 $428k

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

$365k

$359k

$378k

$341k

$280,000 $250,000

$800,000 $750,000

2009

2010

2011

2012

2013

2014

Ex. 2b

MARCO ISLAND $753k

$700,000

$729k

$650,000 $600,000

$650k

$550,000

$597k

$500,000

$537k

$532k

2010

2011

$616k

$553k

$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, 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 December 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

29

27

12.89

$4,346,963

Audubon Country Club

30

28

12.86

$982,971

Barefoot Beach

21

9

28.00

$3,798,889

Bonita Bay

48

75

7.68

$1,101,827

The Brooks

55

72

9.17

$772,770

Collier’s Reserve

16

11

17.45

$1,286,364

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

109

76

17.21

$1,753,778

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

28

11

30.55

$3,540,455

The Crossings

8

9

10.67

$686,778

Grey Oaks

53

45

14.13

$2,024,984

Kensington

13

14

11.14

$913,787

Lely Resort

105

96

13.13

$699,338

Mediterra

62

55

13.53

$2,235,099

Monterey

13

31

5.03

$761,887

Olde Cypress

34

34

12.00

$784,809

Old Naples

86

73

14.14

$3,111,158

Palmira Golf and Country Club

28

29

11.59

$634,562

Pelican Bay

24

44

6.55

$1,437,102

Pelican Bay (Bay Colony)

9

5

21.60

$3,909,663

Pelican Landing

32

53

7.25

$824,883

Pelican Landing (The Colony)

16

16

12.00

$1,438,352

Pelican Marsh

47

50

11.28

$1,207,830

Pelican Sound

6

12

6.00

$623,542

Pine Ridge

41

35

14.06

$1,271,304

Port Royal

56

29

23.17

$7,949,293

Quail Creek

21

22

11.45

$978,818

Quail West

64

29

26.48

$1,934,386

Royal Harbor

32

23

16.70

$2,129,152

Tiburon

14

6

28.00

$2,656,667

Vanderbilt Beach

24

27

10.67

$1,923,889

The Vineyards

60

70

10.29

$700,583

West Bay Club

15

12

15.00

$964,583

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 December 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Barefoot Beach

4

18

2.67

$1,055,417

Audubon Country Club

1

3

4.00

$825,000

Bonita Bay

63

111

6.81

$713,018

The Brooks

51

104

5.88

$285,116

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

52

84

7.43

$370,146

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

178

261

8.18

$1,311,207

The Dunes

31

22

16.91

$1,154,657

Grey Oaks

7

14

6.00

$923,750

Kensington

17

17

12.00

$450,838

Lely Resort

127

145

10.51

$319,858

Mediterra

26

13

24.00

$575,000

Monterey

3

3

12.00

$291,667

Olde Cypress

4

7

6.86

$417,714

Old Naples

75

124

7.26

$634,929

Palmira Golf and Country Club

13

20

7.80

$352,201

Pelican Bay

147

221

7.98

$934,163

Pelican Bay (Bay Colony)

37

19

23.37

$3,714,947

Pelican Landing

42

55

9.16

$349,915

Pelican Landing (The Colony)

64

57

13.47

$916,846

Pelican Marsh

42

54

9.33

$459,172

Pelican Sound

18

50

4.32

$314,567

Pine Ridge

7

13

6.46

$194,646

Tiburon

30

16

22.50

$875,500

Vanderbilt Beach

60

85

8.47

$884,856

The Vineyards

94

78

14.46

$351,827

West Bay Club

22

24

11.00

$430,288

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

88

17.32

$1,539,371

Indirect Waterfront

100

133

9.02

$826,847

Golf Course

11

9

14.67

$473,333

Gulf Front

4

1

48.00

$5,350,000

Inland

66

92

8.61

$484,347

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

92

10.96

Indirect Waterfront

19

25

9.12

$439,240

Golf Course

0

3

0.00

$695,667

Gulf Front

161

162

11.93

$815,662

Gulf View

25

33

9.09

$763,303

Inland

72

132

6.55

$236,314

Preserve

16

6

32.00

$444,333

$350,247

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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Monthly Market Report for November 2016  

Southwest Florida Real Estate for Sale November 2016

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