Naples, Bonita Springs, Estero & Marco Island Real Estate Market Report

 

  • NAPLES, BONITA SPRINGS AND ESTERO – Real Estate Numbers

    Closed Sales

    • There were 891 closings during the month of January, an 8% increase over January 2017 and the highest for the month since 2014.
    • The number of closed sales priced above $2 million increased 50% year-over-year to 45 sales vs. 30 in 2017.

    New Listings/Inventory

    • Available inventory on February 1, 2018 consisted of 7,663 units, down from 8,091 units a year ago.
    • During the 12 months ending January 31, 2018, there were a total of 18,307 new listings added to the market,
    • 10.7% decrease from the same period in 2017.

    Average and Median Sales Price

    • Average sales price during the month of January was $544,205, up from $532,476 in January 2017. The 12-month average price is $545,183, an increase of 6.6% over the prior 12 months.
    • Median sales price over the past 12 months is up 3.5% to $327,000.

     

  • MARCO ISLAND – Real Estate Numbers

    Closed Sales

    During the 12 months ending January 31, 2018, the Marco Island area recorded 842 closings, down from 855 during the prior 12 months.
    There were 50 sales during the month of January, down 18% from January 2017

    New Listings/Inventory

  • Available inventory on February 1, 2018 consisted of 657 units, down 16% from the same period in 2017.
  • During the 12 months ending January 31, 2018, there were 1,298 new listings added to the market. This represents a 12% reduction over the prior period.

Average and Median Sales Price

  • The average sales price in January decreased 15.5% to $731,640 when compared to January 2017.
  • The average and median sales prices for the 12 months ending January 31, 2018 remained consistent with the prior year at $722,633 for the average price and $566,903 for the median price.

29055 Teramo Way

Mediterra Real Estate: 29055 Teramo Way

29055 Teramo Way 29055 Teramo Way

29055 Teramo Way – Everything you have ever dreamed of in a home this home has it all! Classical architecture styled with transitional modern elegance this estate home is sited on a private cul-de-sac with lush landscaping on approximately 1.29 acres. Home boasts today’s modern clean look and finishes!! Double mahogany doors open to an open floor plan with great room, fireplace and entertaining bar to welcome your guests. Large eat in kitchen w/ 2 dishwashers, ample countertops & large pantry. Owners office has a private entrance and custom finishes. Bonus room on the first floor could be 5th bedroom, playroom, media room or exercise room. The luxurious private master retreat with french doors to lanai, sitting area, morning kitchen, custom walk-in closets, spa like bath. Upstairs a VIP retreat with sitting area, bedroom, bath and morning kitchen & covered 2nd floor lanai. A fully screened 42′ pool with spillover spa and bubbling fountain are breathtaking and provide ample decking for relaxation and sunning. The outside space is designed for alfresco entertaining with a covered loggia appointed with cypress ceilings, outdoor gathering area with gas fireplace and large summer kitchen.

29055 Teramo Way 29055 Teramo Way 29055 Teramo Way 29055 Teramo Way 29055 Teramo Way 29055 Teramo Way

29055 Teramo Way 3D Virtual Tour

29055 Teramo Way 29055 Teramo Way

Listing Agent:
Tade Bua Bell / Emily K Bua 
239-595-0097 
Tade@johnrwood.com 
The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of the Bonita Springs-Estero Association of REALTORS®, Florida Gulf Coast Multiple Listing Service, Inc., and the M.L.S. of Naples, Inc. Properties listed with brokerage firms other than John R Wood Properties are marked with the BR Icon and detailed information about them includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties available through the BR Program.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2018 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

9770 Bentgrass Bend

Pelican Marsh: Estates at Bay Colony

9770 Bentgrass Bend 9770 Bentgrass Bend
9770 Bentgrass Bend – Architectural artistry & imagination combine to create this unforgettable estate. A striking impression begins at the two-story gated courtyard entry & continues throughout with Venetian plaster, honed granite, grand staircase, travertine flooring and soaring hand-painted barrel vault, beam and groin ceilings adding elegance and grace. This southern exposure, 5 BR + Den, 5 full & 1 partial bath on a cul-de-sac overlooks the 9th fairway and preserve. A spacious atmosphere runs through the entire living, family and dining areas with generous utilization of floor-to-ceiling doors and arched windows that open to fabulous outdoor spaces. The gourmet kitchen with state of the art appliances has adjacent wine room (300+ bottles), butler’s pantry plus morning room with spectacular view! The first level owner’s suite is nicely secluded & opens to a pergola with outdoor spa. Enchant your guests with 4 en-suite guest quarters with balconies. Lavish lanai, summer kitchen and stunning pool with fountains for a year-round entertainer’s paradise or family retreat. Circular drive, 2 garages with porte-cochere, golf cart entrance. Former BCB model, updated and offered by original owners.

Bua Bell Group Bua Bell Group Pelican Marsh Estates Pelican Marsh Estates Estates at Bay Colony Estates at Bay Colony 9770 Bentgrass Bend

3D Virtual Walk Through

9770 Bentgrass Bend

Features: Beach Access, Bike Storage, Clubhouse, Community Pool, Exercise Room, Golf Course, Private Beach Pavilion, Streetlight, Tennis Court, Sidewalk, Private Membership, Putting Green

Listing Agent: Tade Bua Bell / Emily K Bua
239-595-0097
Tade@johnrwood.com

The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of the Bonita Springs-Estero Association of REALTORS®, Florida Gulf Coast Multiple Listing Service, Inc., and the M.L.S. of Naples, Inc. Properties listed with brokerage firms other than John R Wood Properties are marked with the BR Icon and detailed information about them includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2018 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Southwest Florida data last updated at February 19, 2018 7:21 AM ET

Naples Real Estate Market Report including Bonita Springs & Estero 

Naples Real Estate Market: Closed Sales

The overall number of closed sales remained relatively stable compared to 2016, up just 2% to 11,872 sales. Properties priced above $5 million rebounded after a pull-back in 2016 and finished the year with 70 sales, a 13% year-over-year increase. Generally, all price segments performed well, with properties priced under $250,000 showing the only decrease from the prior year.

Naples Real Estate Market: Inventory Levels and New Listings

The supply of condominiums available for sale remained approximately the same as last year with 3,504 available on January 1, 2018 vs. 3,479 a year ago. Single family supply fell by 10% to 3,220 units. The largest decreases occurred in the segments of single family homes priced under $250,000, down 56% to 47 properties, and those priced above $5 million, down from 142 units a year ago to 107 available units at the beginning of 2018. Condominiums priced above $5 million declined 42% to 18 properties. This decline was offset by increases in the price ranges under $500,000 and those priced between $2 million and $5 million, keeping the overall inventory stable with prior year.

The number of new listings placed on the market in 2017 declined 5% from the prior year to 19,307. This is very close to the average of the past seven years and representative of the historical norm for the years 2011 – 2017.

Naples Real Estate Market: Pended Sales

There were 15,294 sales that pended during the year, approximately the same as 2016. With the exception of the peak years of this cycle of 2013, 2014 and 2015, pended sales have been stable since 2010. Although not all pended sales close, they are a leading indicator of buyer activity in the market.

Naples Real Estate Market: Summary

Closed sales, newly pended sales, and average sales price have remained stable over the past two years.
At the end of 2016, inventory was trending toward an oversupply with increases in every price segment for both single family homes and condominiums and 7.3 months of supply in the overall market. By
the end of 2017, inventory had decreased by 5% while demand remained high, resulting in a more balanced market with 6.8 months of supply. The Southwest Florida market can sometimes shift quickly from a balanced state to one that favors the buyer or seller, depending upon the dynamics that change. If inventory continues to decrease, and buyer demand remains strong, it could shift to favor sellers and push prices higher. Alternatively, if inventory remains stable or grows and buyer demand decreases, the shift could favor buyers. The outlook for 2018 is for the market to continue the stable trend of the past two years, with moderate price appreciation and an ample supply of product from which buyers can choose.

MARCO ISLAND REAL ESTATE MARKET

Marco Island: Closed Sales

There were 853 closed sales in 2017, down from 861 in 2016. Properties priced above $1 million increased 4% year-over-year with 155 sales in 2017 vs. 149 during the prior year.

Marco Island real estate is distinguished by its views and open water access. The following summary provides insight into the availability and pricing of single family homes and condominiums based on their view. The snapshot is as of January 1, 2018 and will have changed some as of the date of publication of this report.

On January 1, 2017, single family homes with Direct Waterfront and Indirect Waterfront views comprised most of the single family inventory. On this date, there were 149 Direct Waterfront and 110 Indirect Waterfront properties available for sale. By January 1, 2018, Waterfront supply had decreased by 29% (149 to 106) and Indirect Waterfront was down 6% (110 to 103).

The views comprising most of the condominium inventory are Beachfront, Direct Waterfront and Inland. Beachfront inventory declined 13.6% to 140 units, while Direct Waterfront was down from 92 a year ago to 66 this year. Inland view supply increased 10.5% to 84 units, up from 76 a year ago. Overall, the combined single family and condominium inventory declined by 14%.

Marco Island: Pended Sales

The number of sales pended during the year increased 18% over 2016 with 1,036 pended vs. 879 during the prior year. The Marco Island real estate market is heavily influenced by second home buyers, and
the strengthening of pended sales is an indication of the overall market strengthening. Although not all pended sales close, this is often the first indicator of future market direction.

Marco Island: Summary

Marco Island, like most other markets in Southwest Florida, should continue to do well during 2018. The overall economy and performance of the stock market are highly influential to real estate activity in this area and will continue to be a key factor in its growth this year.

29055 Teramo Way

29055 Teramo Way | Mediterra Real Estate

29055 Teramo Way
29055 Teramo Way
29055 Teramo Way – Everything you have ever dreamed of in a home this home has it all! Classical architecture styled with transitional modern elegance this estate home is sited on a private cul-de-sac with lush landscaping on approximately 1.29 acres. Home boasts today’s modern clean look and finishes!! Double mahogany doors open to an open floor plan with great room, fireplace and entertaining bar to welcome your guests.
29055 Teramo Way property website
Large eat in kitchen w/ 2 dishwashers, ample countertops & large pantry. Owners office has a private entrance and custom finishes. Bonus room on the first floor could be 5th bedroom, playroom, media room or exercise room. The luxurious private master retreat with french doors to lanai, sitting area, morning kitchen, custom walk-in closets, spa like bath. Upstairs a VIP retreat with sitting area, bedroom, bath and morning kitchen & covered 2nd floor lanai. A fully screened 42’ pool with spillover spa and bubbling fountain are breathtaking and provide ample decking for relaxation and sunning. The outside space is designed for alfresco entertaining with a covered loggia appointed with cypress ceilings, outdoor gathering area with gas fireplace and large summer kitchen. 29055 Teramo Way
29055 Teramo Way 29055 Teramo Way 29055 Teramo Way 29055 Teramo Way Mediterra Real Estate 29055 Teramo Way 29055 Teramo Way Bua Bell Group 29055 Teramo Way

See the virtual tour for 29055 Teramo Way

 

Listing Agents:

Tade Bua Bell &  Emily K Bua 
239-595-0097 
Tade@johnrwood.com

The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of the Bonita Springs-Estero Association of REALTORS®, Florida Gulf Coast Multiple Listing Service, Inc., and the M.L.S. of Naples, Inc. Properties listed with brokerage firms other than John R Wood Properties are marked with the BR Icon and detailed information about them includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties available through the BR Program.

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2018 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

29055 Teramo Way

15184 Brolio Way

15184 Brolio Way | Mediterra Real Estate

15184 Brolio Way 15184 Brolio Way

15184 Brolio Way – Spectacular renovation by Harwick Homes! All the new amenities everyone wants today! Double doors open to great room, soaring ceilings, arched dramatic staircase and views of the outside. Completely remodeled custom chef’s kitchen w/Ruffino cabinetry, Thermador appliance package & walk-in butler’s pantry. Leads to screened courtyard to dine Al Fresco next the fireplace, live plant wall, pond, ambient lighting all under the stars. Redone study with built-ins, conferred ceiling and hardwood floors.

15184 Brolio Way property website

The owner’s suite with morning bar, luxury closets, laundry facilities, Zen yoga garden, and spa like bath. First floor bonus rooms include a second office/studio, indoor gym and additional guest suite. Upstairs 2 large additional guest suites and loft area. 4 car custom garages, storage area & motor court. Outdoor living with tropical pool and spillover spa, elevated separate dining area, all new limestone deck and landscaping. The landscaping and plantings are reminiscent of a botanical garden! Absolutely breathtaking grounds, lake and preserve views provide the utmost privacy. 15184 Brolio Way

15184 Brolio Way 15184 Brolio Way

15184 Brolio Way
15184 Brolio Way

15184 Brolio Way 15184 Brolio Way 15184 Brolio Way 15184 Brolio Way 15184 Brolio Way

Virtual Tour of 15184 Brolio Way

_______________________________________________________
Listing Agent:

Tade Bua Bell & Emily K Bua – The Bua Bell Group
239-595-0097 
Tade@johnrwood.com

The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of the Bonita Springs-Estero Association of REALTORS®, Florida Gulf Coast Multiple Listing Service, Inc., and the M.L.S. of Naples, Inc. Properties listed with brokerage firms other than John R Wood Properties are marked with the BR Icon and detailed information about them includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties available through the BR Program.

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2018 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

664 Hickory Road

664 Hickory Road located in Pine Ridge

664 Hickory Road 664 Hickory Road

664 Hickory Road – Fabulous renovation of main house in 2013 & 7 Car Barn/Storage garage in 2016! Perfectly sited on this 2.24-acre park-like oasis. Gated governor’s driveway awaits your entrance to this luxury estate! Double doors open to an amazing great room. This space includes living/dining areas with vaulted ceilings. Transitional custom white recessed Shaker cabinetry, quartz and marble countertops, glass tiled backsplash, center island, breakfast bar. Huge owner’s suite with custom new 2 full baths & 2 large walk-in closets. 2 spacious guest suites with ample closets and full bath. Guest house is fully equipped w/ ADA updates to include: Ramp access from exterior driveway, bedroom, full bath, kitchenette & great room. Large detached car barn/storage space holds 7 large cars, full bath, loft area, wash/dryer hook up. Outside grounds are breathtaking, large screened pool & spa, covered lanai and decking, mature landscaping. Looking for a home that has it all whether you are a car enthusiast, painter, need a guest house, so many possibilities. This is a must see for someone that requires the best of everything that the Pine Ridge lifestyle can provide. 9 garage bays in total!

664 Hickory Road 664 Hickory Road 664 Hickory Road 664 Hickory Road 664 Hickory Road 664 Hickory Road

664 Hickory Road 3D Virtual Tour

______________________________________________

Emily K. Bua & Tade Bua-Bell
John R Wood Properties
239-659-6117
BuaBellGroup@JohnRWood.com

 

The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of the Bonita Springs-Estero Association of REALTORS®, Florida Gulf Coast Multiple Listing Service, Inc., and the M.L.S. of Naples, Inc. Properties listed with brokerage firms other than John R Wood Properties are marked with the BR Icon and detailed information about them includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties available through the BR Program.

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations. Copyright 2018 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.

Mediterra Real Estate

18081 Lagos Way • Mediterra, Naples Florida

18081 Lagos Way
18081 Lagos Way

18081 Lagos Way – Hamptons Chic. Impeccable updated home with a contemporary aesthetic is filled with unmatched creative touches. Materials such as richly stained hardwood flooring, stainless accents, modernized built-ins & sumptuous pops of color on the clean palette blend effortlessly into a relaxed elegance. The white kitchen is styled to perfection with upgraded appliances & a spectacular breakfast bar with pendants for a burst of brilliance. The stylish owner’s wing and stunning en-suite resembles a design magazine but is oh so livable with dual walk-ins, vanities and graceful soaking tub. French doors lead to the spacious den with hardwood and built-ins. There are two additional private guest suites and spacious great room for fun filled evenings spent together with family & friends. Inviting front gated courtyard & covered lanai spaces allow you to enjoy sun filled times around the pool day or night. The photos don’t do this justice. Very relaxing and peaceful setting inside and out! Bonus 3 car garage spaces as well.

Mediterra Real Estate 18081 Lagos Way 18081 Lagos Way 18081 Lagos Way 18081 Lagos Way 18081 Lagos Way Mediterra Real Estate Mediterra Real Estate

18081 Lagos Way