NAPLES, BONITA SPRINGS AND ESTERO

Naples, Bonita Springs and Estero

Naples, Bonita Springs and Estero

Naples, Bonita Springs and Estero

Naples, Bonita Springs and Estero

Naples, Bonita Springs and Estero | Closed Sales

• The number of closed sales year-to-date for Naples, Bonita Springs and Estero increased 9.6% year-over-year.
• Closed sales priced above $2 million increased 28.8% through June compared to the same period in 2016 (295 vs. 229).
During the past 12 months sales in this category are up 4% over the 12 months ending June 30, 2016 (439 vs. 422).

Naples, Bonita Springs and Estero | New Listings/Inventory
• Available inventory on July 1, 2017 consisted of 6,443 units, an increase of less than 3% over July 1, 2016. This represents
6.4 months of supply based on current absorption rates.
• During the 12 months ending June 30, 2017 a total of 19,006 new listings were added to the market, a decrease of 5%
from the prior 12 months ending June 30, 2016.

Naples, Bonita Springs and Estero | Average and Median Sales Price
• Year-to-date average sales price for the area increased 4.5% to $568,663 up from $544,231 for the same period in 2016.
Median closed price is approximately the same as last year at $328,500.
• Average price of sales above $2 million fell 4% over the past 12 months to $3,674,253.

www.BuaBellSellsNaples.com

NAPLES REAL ESTATE
Single Family Homes
• The quarterly median sales price for single family homes remained consistent with the first quarter of 2016, while the average sales price increased 4% to $793,030.
• There were 1,078 closings in the first quarter compared to 988 in the same period last year.
• Months-of-supply at the end of Q1 stands at 8.7 months vs. 7.5 months for the same period last year. This is a year-over-year increase of 16%.

Condominiums
• The Q1 median sales price for condominiums climbed 4% over the first quarter of 2016. Average sales price is up from $425,790 in the first quarter of 2016 to $435,439 in Q1 2017.
• There were 1,178 condominium closings in the first quarter, a 16% increase over Q1 2016.
• Months-of-supply rose from 6.2 months at the end of the first quarter in 2016 to 8.4 months at the end of Q1 2017.

BONITA SPRINGS AND ESTERO REAL ESTATE
Single Family Homes
• The Q1 median sales price remained approximately the same as prior year, while the average sales price fell 8% to $524,572.
• Closings increased 16% during the first quarter to 353, up from 305 in Q1 2016.
• Months-of-supply at the end of the first quarter stands at 7.1 months vs. 6.7 months for the same period last year, a 6% increase year-over-year.
Condominiums
• Median sales price fell 2% over the first quarter of 2016, while the average sales price declined from $323,676 to $315,601 in Q1 2017.
• The number of condominium closings in the first quarter increased 14% from 341 in Q1 2016 to 390 in 2017.
• Months-of-supply at the end of the first quarter increased to 7.6 months, up from 5.5 months for the same period last year.

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MARCO ISLAND REAL ESTATE
Single Family Homes
• The quarterly median sales price increased 6% in Q1 and average sales price increased 10% over the same period last year. The median price escalated to $873,617 while the average was $1,007,720.
• There were 94 single family closings in the quarter, an increase of 29% over Q1 2017.
• Months-of-supply at the end of the first quarter stands at 12.3 months, down from 13.8 months for the same
period last year.
Condominiums
• The Q1 median sales price rose 5% over the first quarter of 2016, while the average sales price increased 10% from $488,133 in the first quarter of 2016 to $537,116 in the current quarter.
• The number of closings jumped 24% over the prior year to 140, up from 113 a year ago.
• Months-of-supply at the end of the first quarter stands at 9.6 months vs. 8.1 months for the same period last year

NAPLES, BONITA SPRINGS & ESTERO REAL ESTATE MARKET REPORT
Monthly Market Report for January 2017

Closed Sales
• During January 2017 there were 774 closed sales in the Naples, Bonita Springs, Estero market vs. 798 in January 2016.
• The number of closed sales priced above $2 million year-to-date fell 34% when compared to the same period in 2016. During the past 12 months, sales in this price category are down 26% (364 vs. 493).

New Listings/Inventory
• Available inventory on February 1, 2017 for the combined Naples, Bonita Springs, Estero market consisted of 8,091 units, up from 7,281 units last month, and an increase of 34% year-over-year.
• During the 12 months ending January 31, 2017 there were a total of 20,393 new listings added to the market, a 7% increase over the same period in 2016.

Average and Median Sales Price
• Average price of closed sales in the Naples, Bonita Springs, Estero market during the month of January was $540,941, down 11% from January 2016. Median closed price is down 5%.
• Average price of sales above $2 million fell 2.4% over the past 12 months, from $3,832,508 to $3,740,781.

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Tade Bua Bell & Emily K Bua
The Bua Bell Group
John R Wood Properties
3255 Tamiami Trail North
Naples, FL 34103
239-595-0097

NAPLES, BONITA SPRINGS AND ESTERO Closed Sales

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• 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

NAPLES, BONITA SPRINGS/ESTERO REAL ESTATE MARKET REPORT

Closed Sales
• During the 12 months ending August 31, 2016, the Naples/Bonita Springs and Estero market had a total of 11,713
closings, 12% lower than the prior 12-month period when there were 13,280. (Ex 1a)
• Year-to-date closed sales for Naples/Bonita Springs and Estero were 8,068 at an average price of $529,228 vs 9,448 at an
average price of $529,539 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 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 14% (399 vs 462).

New Listings/Inventory
• Available inventory on September 1, 2016 for the Naples/Bonita Springs and Estero markets consisted of 5,839 units,
down from 5,991 units last month and up from 4,198 units a year ago.
• During the 12 months ending August 31, 2016 there were a total of 19,736 new listings added to the Naples/Bonita
Springs and Estero market which is 6% more than the same period ending 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 August was the same
year-over-year, while median closed price is up 6.7%.
• Average price of sales above $2 million has remained approximately the same over the past 12 months, decreasing less
than 2% to $3,793,159.

 

MARCO ISLAND REAL ESTATE MARKET REPORT
Closed Sales
• During the 12 months ending August 31, 2016, the Marco Island area had 850 closings, down 13.4% from the same
period last year when there were 982 closings. (Ex 1b)
• Year-to-date closed sales for Marco Island total 599, at an average price of $699,269, vs 805 closed sales YTD 2015 at an
average price of $707,234. This represents a reduction in sales volume of 25% and relatively stable pricing year-over-year.

New Listings/Inventory
• Available inventory on September 1, 2016 for the Marco Island market consisted of a total of 641 units, compared to 617
units last month.
• During the 12 months ending August 31, 2016 there were a total of 1,504 new listings added to the Marco Island market.
This represents a 9.6% 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 August rose a modest 1.1% year over year,
while the median pricing was up 4.82% from the same period last year.

*The new Marco Island statistics have been obtained from the Marco Island MLS system and include only those sales and
current listings on Marco Island and Key Marco.

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CLOSED SALES

• The number of closed sales through July 2016 is down 16% from the same period in 2015. Sales pace is driven by inventory, demand and pricing.
• During the past 12 months, closings for properties priced above $2 million declined by 9.7% (410 vs. 454).

NEW LISTINGS/INVENTORY

• Available inventory on August 1, 2016 in the Naples, Bonita Springs, Estero combined market consisted of 5,991 units (3,222 single family homes and 2,769 condominiums). This is up from 4,286 units on August 1, 2015.
• The number of available properties for sale on August 1, 2016 represents 6.1 months of supply based on current absorption rates.

AVERAGE AND MEDIAN SALES PRICE

• The average price of closed sales increased 4% over the past 12 months, and year-to-date has remained approximately the same as prior year ($541,515 in 2016 vs. $535,318 in 2015).
• Median price is up 5% for the first seven months of the year ($320,000 vs. $305,000).
• Average price of closed sales priced above $2 million fell 3% over the past 12 months from $3,900,914 to $3,796,322.