THIRD QUARTER MARKET REVIEW FOR 2015
For the Naples / Bonita Springs / Estero Market Area

Market Report Q3 2015.indd

Market Report Q3 2015.indd

Market Report Q3 2015.indd

NEW LISTINGS AND PENDED HISTORY
• A total of 3,832 new properties were placed on the market during the quarter, which is statically the same as the number recorded in the third quarter
2014. Demand remained strong with newly pended sales declining less than 2% year-over-year. (Exhibit 1)

CLOSED SALES / AVERAGE SALE PRICE
• The number of closed sales appears to have stabilized over the past three years, increasing only 2% since Q3 2013. Closing pace in the third quarter
of the year is typically the lowest as it reflects sales that occurred during the non-seasonal months of the year. (Exhibit 2)
• Prices continued to escalate for the quarter, with the average closed price up 15.6% over prior year ($504,527 vs $436,446). Median price also
increased, up 16% from the Q3 2014 level ($319,000 vs. $275,000). With the overall pricing increasing, we are seeing a larger percentage of homes
above $2 million which is impacting average and median prices. (Exhibit 2)

INVENTORY / CLOSED SALES / MONTHS OF SUPPLY
• The available inventory of single family homes, condominiums and villas in the Naples, Bonita Springs, Estero markets declined by 7% from the
level a year ago. Inventory at the end of third quarter represented 3.8 months of supply based on the number of closed sales during the past 12
months. (Exhibit 3)

The demand for Southwest Florida real estate is expected to remain strong throughout the remainder of 2015 and 2016. Resale listings placed on the
market over the next six months, coupled with a healthy supply of new product, should keep inventory at a level consistent with demand.
A reminder, however, that this is applicable to the market as a whole and not the case in some high-demand market segments, which remain undersupplied as they have for the past year or so.

This report is intended to give the reader a broad, general view of the combined Naples, Bonita Springs, Estero market areas. Inventory, price movement and months of supply can vary significantly among neighborhoods. Buyers and Sellers are advised to request current, specific market data for properties of personal interest.

THIRD QUARTER MARKET REVIEW FOR 2015
Gulf Shore Boulevard

Gulf Shore Blvd Q3 Market Report 2015.indd

Gulf Shore Blvd Q3 Market Report 2015.indd

Gulf Shore Blvd Q3 Market Report 2015.indd

Gulf Shore Blvd Q3 Market Report 2015.indd

QUARTERLY NUMBER OF CLOSED SALES (Exhibit 1a & 1b)
• Beachfront sales declined 10% from third quarter 2014 (30 vs. 27), while the number of sales on the bay increased 67% for the period (20 vs. 12).
The slight decline in the number of sales on the beach was due to decreased inventory rather than diminishing demand. (Exhibit 1a)
• The Allegro recorded the most beachfront sales with five, while Port au Villa was the most active on the bayfront with four closed transactions.

QUARTERLY AVERAGE SALES PRICE – CLOSED SALES (Exhibit 2a & 2b)
• Average sales price for beachfront condominiums in the third quarter was $1,555,074, a stunning 47% higher than the $1,056,583 average price
posted in the same quarter a year earlier. It should be noted that in Q3 2015, three sales had closing prices above $4 million. (Exhibit 2a)
• Average price for bayfront condominiums closed in the third quarter increased 53% over Q3 2014 levels to $560,895, up from $367,223 in Q3 2014.
(Exhibit 2b)

QUARTERLY AVERAGE PRICE PER SQUARE FOOT – CLOSED SALES (Exhibit 3a & 3b)
• Average price per square foot increased 19% on the beach to $626 psf, up from $525 psf in Q3 2014. (Exhibit 3a)
• Average price per square foot on the bay during the third quarter was $393, a 42% increase over prior year. (Exhibit 3b)
At the end of the third quarter, there were a total of nine bayfront condominiums available for sale at an average price of $679,156 or $423 psf.
Beachfront inventory stood at 41 available units at an average asking price of $2,168,888.

This report is intended to give a broad view of market activity and trends among waterfront condominiums on Gulf Shore Boulevard. Buildings on the beach
and bay vary significantly in size, condition, age and amenities, and this can impact average sales price and average price per square foot. Buyers and sellers are
advised to seek the help of a John R. Wood Properties sales professional for information regarding any property in which there is specific interest.

Mediterra
15200 Medici Way

Mediterra – 15200 Medici Way
Mediterra Real Estate – 15200 Medici Way

Mediterra – 15200 Medici Way

15200 Medici Way – Nestled at the end of the cul-de-sac and surrounded by lush landscaping, you will be inspired by the private courtyard entrance the moment you arrive. Enter the main house and be taken away by the volume ceilings, wrought iron banister’s and triple French doors leading out to the expansive screened lanai. The outside oasis will continue for your guests as all suites are located upstairs surrounded by a large loft and a covered balcony. Additional outside features include oversized covered lanai & summer kitchen, glistening pool & spa, and 3 car garage. Breathtaking lush landscaping, ample privacy and golf course views.

• Gated front courtyard with fountain & relaxation sitting area
• Magnificent stone fireplace accents the living room
• Wrought iron doors and staircase accent the foyer
• Private Den with built-ins and French doors to courtyard
• Fabulous dining space perfect for holiday meals
• Open bar area is perfect for entertaining
• Spectacular gourmet kitchen with breakfast bar
• Light and bright nook and with bench seat
• Sunny family room w/ built-in and French doors
• Grande First floor Owners suite with sitting area
• Spectacular owners suite bath and 2 walk-ins
• Loft area with pool table and morning bar area
• 3 large Guest suites upstairs each with en-suite baths
• 2-story screened rear lanai and upstairs lanai oasis
• Covered summer Kitchen and professional series grill
• Oversized glistening pool & spa are perfect for family times

The Colony at Hawksridge


2447 Game Hawk Court


2447 Game Hawk Court N
2447 Game Hawk Court N

2447 Game Hawk Court – Fabulous Villa floorplan is rarely available in Hawksridge. Only one of three attached Villas in this sought after community. As you walk through the foyer, you will notice an open floorplan and high ceilings! Newly renovated, beautiful white kitchen and a breakfast nook. The split bedrooms from the Master Suite give you a wonderful sense of privacy. Neutral and updated baths. Great closet space and storage. This villa has been meticulously maintained. Recent improvements include NEW ceramic hardwood floors, fresh paint, updated kitchen and appliances. In addition, there is a two car garage attached to the unit. This end unit has lots of light. Just steps from your front door is the pool, spa, fitness room and extra parking.Don?t miss out on this rare opportunity!
THE COLONY AT HAWKSRIDGE

THE COLONY AT HAWKSRIDGE

The Colony at Hawksridge

Bua Bell Group

Hawksridge Real Estate

2447 Game Hawk Court N2447 Game Hawk Court N

The Colony in Hawksridge
2447 Game Hawk Court North
Bedrooms: 3
Bathrooms: 2
Est. Square Feet: 1,837
Listing # 215028014 | See Property details here >> http://ow.ly/TtNsr

 

Where Will Home Prices Be Next Year?

Some interesting facts:

  • 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year.
  • 25 state and the District of Columbia are forecasted to experience a slow in appreciation.
  • All 50 states & D.C. are forecasted to achieve some level of positive price appreciation.

Even though each state is appreciating at different levels, you need to know the Cost of Waiting until next year to buy your dream home!

Contact Us today to find out how much your home is worth. BuaBellSellsNaples.com

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509 1st Ave South

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