Monthly Market Report for September 2016

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

Bring Your Highest Expectations™

NAPLES, BONITA SPRINGS/ESTERO Closed Sales  During the 12 months ending September 30, 2016, the Naples/Bonita Springs and Estero market had a total of 11,578 closings, 14% lower than the prior 12-month period when there were 13,388. The largest sales declines were in the price segments below $250,000 (-25%) and above $5 million (-31%). (Ex 1a)  Year-to-date closed sales for Naples/Bonita Springs and Estero were 8,928 at an average price of $522,404 vs. 10,443 at an average price of $527,022 YTD 2015. This represents a 15% sales pace reduction from last year, with pricing stable.  Closed sales priced above $2 million year-to-date fell 24% for the Naples/Bonita Springs and Estero market, when compared to the same period in 2015. Over the past 12 months, sales in this price category are down 17% (387 vs 469).

New Listings/Inventory  Available inventory on October 1, 2016 for the Naples/Bonita Springs and Estero markets consisted of 6,081 units, up from 5,839 units last month and an increase of 43% over October 1, 2015.  During the 12 months ending September 30, 2016, there were 19,974 new listings added to the Naples/Bonita Springs and Estero market which is 7.6% more than 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 September was slightly lower year-over-year, while median closed price is up 5%.  Average price of sales above $2 million fell 3.6% over the past 12 months, from $3,876,415 to $3,736,205. The decrease in the number of sales above $5 million likely impacted this average.

MARCO ISLAND Closed Sales  During the 12 months ending September 30, 2016, the Marco Island area had 844 closings, down 15% from the same period last year where there were 994 closings. (Ex 1b)  Year-to-date Marco Island recorded a total of 667 closed sales at an average price of $694,049 vs. 805 sales YTD 2015 at an average price of $707,234.

New Listings/Inventory  Available inventory on October 1, 2016 for the Marco Island market consisted of a total of 640 units compared to 622 units last month.  During the 12 months ending September 30, 2016, there were 1,513 new listings added to the Marco Island market. This represents a 10% increase over the same period last year when there were 1,372 new listings added. (Ex 1b)

Average and Median Sales Price  Average price of closed sales in the Marco Island market during the month of September showed no change year-over- year, while the median pricing was up 4% 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 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------------------ 19,974 2015------------------ 18,564

24,000

2014------------------ 18,402 2013------------------ 18,174 2012------------------ 18,607

21,000

2011------------------ 20,407 2010------------------ 22,442 2009------------------ 24,381

18,000 15,000

CLOSED UNITS

12,000 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------------------ 11,578 2015------------------ 13,388 2014------------------ 12,777 2013------------------ 12,147 2012------------------ 10,725 2011------------------ 10,452 2010------------------ 10,191 2009--------------------8,039

NEW LISTINGS 2016--------------------1,513 2015--------------------1,372 2014--------------------1,397 2013--------------------1,416 2012--------------------1,321 2011--------------------1,521

1,600 1,400 1,200

2010--------------------1,642 2009--------------------1,759

1,000 800

CLOSED UNITS

600

2016---------------------- 844 2015---------------------- 994

400

2014--------------------1,000 2013---------------------- 994 2012---------------------- 855 2011---------------------- 766 2010---------------------- 667

200 0

2009

2010

2011

2012

2013

2014

2015

2016

2009---------------------- 518

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

$512k

$520k

$460,000 $464k

$430,000 $400,000

$427k

$370,000 $340,000

$351k

$365k

$357k

$373k

$310,000 $280,000 $250,000

$750,000

2009

2010

2011

2012

2013

2014

2015

2016 Ex. 2b

MARCO ISLAND

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

$687k

$684k

2015

2016

$620k

$550,000

$572k

$500,000

$542k

$530k

$523k

2011

2012

$591k

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

2009

2010

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

SINGLE FAMILY HOMES Monthly Snapshot as of October 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Aqualane Shores

28

27

12.44

$4,108,074

Barefoot Beach

21

12

21.00

$3,665,833

Bonita Bay

31

71

5.24

$1,094,585

The Brooks

49

72

8.17

$789,670

Collier’s Reserve

18

13

16.62

$1,303,623

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

94

96

11.75

$1,758,933

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

22

12

22.00

$3,643,333

The Crossings

7

9

9.33

$729,889

Grey Oaks

44

49

10.78

$1,951,588

Kensington

10

18

6.67

$840,390

Lely Resort

90

105

10.29

$694,907

Mediterra

59

60

11.80

$2,280,915

Monterey

15

30

6.00

$766,083

Olde Cypress

21

33

7.64

$796,924

Old Naples

72

71

12.17

$3,149,603

Palmira Golf and Country Club

23

24

11.50

$629,783

Pelican Bay

24

42

6.86

$1,435,609

Pelican Bay (Bay Colony)

6

6

12.00

$7,574,719

Pelican Landing

22

51

5.18

$793,573

Pelican Landing (The Colony)

12

18

8.00

$1,501,868

Pelican Marsh

34

52

7.85

$1,213,962

Pelican Sound

3

12

3.00

$623,958

Pine Ridge

35

42

10.00

$1,200,825

Port Royal

47

33

17.09

$7,670,591

Quail Creek

22

24

11.00

$894,021

Quail West

53

32

19.88

$1,873,104

Royal Harbor

31

18

20.67

$1,928,917

Tiburon

8

7

13.71

$2,497,143

Vanderbilt Beach

27

27

12.00

$1,941,481

The Vineyards

60

68

10.59

$714,176

West Bay Club

16

15

12.80

$873,267

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 October 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

47

113

4.99

$695,966

The Brooks

43

111

4.65

$283,418

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

41

90

5.47

$365,137

Park Shore/Moorings/Seagate/Coquina Sands Waterfront

125

261

5.75

$1,260,207

The Dunes

29

26

13.38

$1,120,094

Grey Oaks

6

13

5.54

$930,962

Kensington

13

19

8.21

$450,855

Lely Resort

122

153

9.57

$316,910

Mediterra

19

13

17.54

$580,385

Monterey

2

3

8.00

$291,667

Olde Cypress

2

6

4.00

$422,167

Old Naples

61

118

6.20

$647,871

Palmira Golf and Country Club

12

20

7.20

$346,931

Pelican Bay

112

223

6.03

$949,323

Pelican Bay (Bay Colony)

25

19

15.79

$3,596,526

Pelican Landing

37

56

7.93

$349,173

Pelican Landing (The Colony)

67

55

14.62

$869,897

Pelican Marsh

39

55

8.51

$462,704

Pelican Sound

15

46

3.91

$318,410

Pine Ridge

6

12

6.00

$199,667

Tiburon

37

19

23.37

$900,143

Vanderbilt Beach

58

86

8.09

$920,735

The Vineyards

82

80

12.30

$363,040

West Bay Club

16

19

10.11

$445,942

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 October 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

119

95

15.03

$1,429,896

Indirect Waterfront

104

138

9.04

$824,514

Golf Course

7

9

9.33

$473,333

Gulf Front

5

2

30.00

$5,575,000

Inland

56

97

6.93

$478,329

Preserve

9

4

27.00

$1,281,875

Gulf View

CONDOMINIUMS Monthly Snapshot as of October 1, 2016

AVAILABLE INVENTORY

CLOSED PAST 12 MONTHS

MONTHS OF SUPPLY

AVERAGE CLOSED PRICE

Direct Waterfront

65

104

Indirect Waterfront

15

27

6.67

$428,926

Golf Course

1

3

4.00

$695,667

Gulf Front

153

175

10.49

$824,279

Gulf View

23

38

7.26

$755,632

Inland

66

144

5.50

$235,967

Preserve

17

8

25.50

$411,375

7.50

$354,151

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.

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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