SECOND QUARTER MARKET REVIEW FOR 2016 - John R. Wood · SECOND QUARTER MARKET REVIEW FOR 2016 ......

SECOND QUARTER MARKET REVIEW FOR 2016

Naples / Bonita Springs / Estero / Marco Island Market Area

Bring Your Highest Expectations™


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, 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.”

The second quarter report has a new design and format from prior issues. The objective is to provide the reader with more specific information about the individual market areas covered by the report. Marco Island is an important part of overall Southwest Florida real estate activity, and has been included for the first time in this combined report, along with Naples and Bonita Springs/Estero. The graphs show a clear picture of quarterly closed sales dating back to 2010, as well as 12-month rolling averages of sales prices and the average number of closed units during that period. The 12-month averages show the trends clearly, whereas these trends when tracked by quarter are more reflective of the seasonality of the market.

The following bullets provide a summary of market activity in each of the areas.

NAPLES SINGLE FAMILY HOMES

Average sales price for the 12 months ending June 30, 2016 is up 9.4% over the prior 12 months at $742,471.

Number of closed sales for the quarter is down 14% from Q2 2015 and 13% year-to-date.

Months of supply is 9.7 months at the end of Q2, up from 7.4 months at the end of Q2 2015.

NAPLES CONDOMINIUMS

Average sales price for the past 12 months remained consistent with prior year at $392,500 vs. $387,000 in 2015.

Number of closed sales is down 20% from Q2 2015 and 21% year-to-date.

Months of supply is 7.8 months at the end of Q2, up from 5.5 months at the end of Q2 2015.

BONITA SPRINGS/ESTERO SINGLE FAMILY HOMES

Average sales price increased 6% year-over-year to $518,000.

Number of closed sales is down 16% from Q2 2015 and 13% year-to-date.

Months of supply at the end of Q2 is 8.3 months, up from 6.6 months at the end of Q2 2015.

BONITA SPRINGS/ESTERO CONDOMINIUMS

Average sales price increased 8% over prior twelve months to $312,249.

Number of closed sales for the quarter is down 20% over Q2 prior year.

Months of supply at the end of Q2 is 7.7 months, up from 4.5 months at the end of Q2 2015.

MARCO ISLAND SINGLE FAMILY HOMES

Average sales price remained static over the past 12 months at $907,546 vs. $899,000 in 2015.

Number of closed sales is down 14.5% quarter-over-quarter and 23% year-to-date.

Months of supply is 11.5 months at the end of the quarter, up from 7.9 months at the end of Q2 2015.

MARCO ISLAND CONDOMINIUMS

Average sales price is up 5% for the 12 months ending June 30, 2016 at $515,179.

Number of closed sales is down 18% for the quarter from Q2 2015 and 21% year-to-date.

Months of supply is 7.5 months at the end of the quarter, up from 5.3 months at the end of Q2 2015.


NAPLES AREA

CONDOMINIUMS


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2010

2011

2011

2012

2012

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2014

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2015

2015

2016

2016


SINGLE FAMILY HOMES

Quarterly Closed Units / 12 Month Rolling Average Closed Units / 12 Month Rolling Average Sales Price


Quarterly Closed Units


Roll 12 Average Sales Price


Roll 12 Average Closed Units


500

600

700

800

900

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

1,900

2,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

500

750

1,000

1,250

1,500

1,750

2,000


500

600

700

800

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1,000

1,100

1,200

1,300

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1,600

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1,800

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2,000


500

750

1,000

1,250

1,500

1,750

2,000


$0

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$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000


$0

$100,000

$200,000

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BONITA SPRINGS / ESTERO

CONDOMINIUMS


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2010

2010

2011

2011

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2015

2015

2016

2016


SINGLE FAMILY HOMES









0

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MARCO ISLAND

CONDOMINIUMS


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SINGLE FAMILY HOMES









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$1,000,000


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$100,000

$200,000

$300,000

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$800,000

$900,000

$1,000,000


SECOND QUARTER MARKET REVIEW FOR 2016 - John R. Wood · SECOND QUARTER MARKET REVIEW FOR 2016 ......

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Transcript of SECOND QUARTER MARKET REVIEW FOR 2016 - John R. Wood · SECOND QUARTER MARKET REVIEW FOR 2016 ......