Naples, Bonita Springs, Estero & Marco Island Real Estate Market Report
NAPLES, BONITA SPRINGS AND ESTERO – Real Estate Numbers
- 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.
- 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
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
- 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.
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 | Mediterra Real Estate
Tade Bua Bell & Emily K Bua
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
NAPLES, BONITA SPRINGS AND ESTERO
REAL ESTATE MARKET REPORT: NOVEMBER 2017
• The number of closed sales year-to-date is up 3% over the the same period in 2016.
• Closed sales, priced above $2 million increased 22.5% through October compared to the same period in 2016 (424 vs. 346).
During the past 12 months, closings in this segment are up 20.9% over the prior period (457 vs. 378).
• Closings in November reflected the slow-down in September with 708 sales for the month compared to 829 in
• Available inventory on December 1, 2017 consisted of 6,692 single family homes and condominiums, up from
6,537 units a year ago. This represents 6.7 months of supply based on the sales pace over the past 12 months.
• During the 12 months ending November 30, 2017 there were a total of 19,290 new listings added to the
market, a decline of 5% from the prior 12 months.
Average and Median Sales Price
• Year-to-date average sales price for the area increased 3.8% to $535,864, up from $516,469 for the same period in
2016. Median closed price is up 5.1% to $326,500 vs. $310,000 in 2016.
• Average price of sales above $2 million remained static over the past 12 months at $3,723,987, an increase of less than 2%.
16116 Camden Lakes Circle
16116 Camden Lakes Circle – Enjoy the lakefront view from this inviting home! Better than new, this house has numerous and quality upgrades throughout. Beautiful tile in all the main areas, crown molding, 10′ ceilings, granite countertops, Birch cabinetry and an elevated stainless dishwasher for convenient loading. The airy kitchen features pendant lighting and a large island with seating for sipping morning coffee or spending time with the cook! Spacious open plan flows to the family room topped off by a lovely tray ceiling and glass doors to the screened lanai with TV hookup and mount for watching the big game outdoors! There’s also a separate dining area for family dinners and a front den for cozy movie nights. Relax in the tranquil owners’ suite (there’s no need to worry about storage with the big walk-in closet) and enjoy the privacy! The master bath has an expanded walk in shower, dual sinks and a high window for natural light. Great guest bedroom and 2nd bath, too. Attached garage with 2 car spaces and a huge storage area in the rear. Located in a gated neighborhood on a quiet street. Super opportunity for full or part-time living! 16116 Camden Lakes Circle
Camden Lakes Amenities: Basketball, BBQ – Picnic, Clubhouse, Community Pool, Community Room, Exercise Room, Play Area, Sidewalk, Streetlight
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 2017 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.
10838 Est Cortile Ct – Spectacular lake and golf views, open courtyards, sky deck and poolside sunsets for your ideal SW Florida lifestyle.
Gorgeous former model with ALL the upgrades is on a quiet cul-de-sac too. Masterfully designed and crafted featuring arched openings, outdoor fireplaces, textured surfaces, intricate iron work, water feature, granite, beams, wood cabinetry and high ceilings for quiet elegance. There’s a seamless integration that lets the inside space flow to the outdoors with expansive folding retractable doors, picture windows and French doors that convert the interior into outdoor gathering spaces. The owners’ wing is spacious with sitting area, dual walk-ins, two vanities and glorious freestanding soaking tub that will envelop you in bubble bath bliss! Professional kitchen features a HUGE island, gas cooktop, Wolf, Miele and SubZero appliances and opens to the great room. Equipped butler’s pantry connects to formal dining with a wine alcove for entertaining friends or private tastings. Delight your guests in their own luxury casita with breakfast bar and sumptuous bath for privacy and comfort. This very special residence is made for your tropical life.
10838 Est Cortile Ct
SOLD: 2071 Torino Way | Naples, Florida 34105
4 bedrooms | 4.5 bathrooms | 3,954 Square Feet
2071 Torino Way – Beautifully detailed villa with park-like setting combines great architecture, superb design and high-quality materials to embrace the Florida lifestyle. Classic surfaces, artisan accents and open concept floorplan are sure to impress as well as the 18 ft. wall of windows framing a stunning tropical panorama! Dramatic staircase to an open loft featuring wet bar plus two guest quarters with en-suites and walk-ins to provide privacy and space for family visits! Chef pleasing kitchen overlooks the family room with island, granite, gas cooktop, high-end cabinetry, Butler’s Pantry with wine storage and icemaker for easy entertaining. Set apart on the 1st floor is the plush Owners’ suite with sitting area, dual walk-ins, jetted tub and walk-in shower. There’s another guest suite on the 1st level plus formal dining and study with built-ins and wood floor. The family room features fully pocketing 10′ sliders and opens to the covered lanai featuring electric screens and summer kitchen with fireplace. Waterfall wall flows musically into the custom pool and spa for a private oasis. Cobblestone brick paver driveway, two car garage plus separate golf cart garage. Impeccable!
Naples Park Lot
A wonderful opportunity to build your dream home on this ideally situated lot, close to the beach and all of Naples great amenities, Naples Park Lot for sale.
Tade Bua Bell & Emily K Bua
Stop by and view our $1.65M Naples Square condominium. Located in Phase 1
Naples Square – Coastal sophistication! Wonderful in-town condominium home is better than new construction! Nestled in a premier location in coveted Phase I of Naples Square, the 3 BR + Den, 3.5 BA is totally finished with beautiful wood flooring, dazzling 10′ detailed ceilings, incredible lighting & exquisite surfaces everywhere. The flowing Essex plan opens to a commanding view of the picturesque courtyard with some gorgeous sunset color mixed in at cocktail hour! Impeccably appointed white kitchen has a huge island, quartz counters & glass tile in cool coastal colors for a serene vibe. Relax in the spacious owners’ suite & bath with generous walk-ins, dual vanities & a tub that’s perfect for heavenly soaking. There’s also plenty of room for entertaining and hosting family and friends in 2 delightful guest bedrooms with en-suites. You can walk to all downtown Naples has to offer but the unit has 2 deeded choice parking spaces and bike storage for away adventures! World class building amenities include fabulous club room, state-of-the-art fitness center, pool, spa and private resident storage unit. If you’ve always wanted to be in downtown, this is a rare opportunity to live the dream.