FIRST QUARTER MARKET REVIEW FOR 2019 · There were 1,089 closings in Q1 2019 compared to 1,292 in...

FIRST QUARTER MARKET REVIEW FOR 2019

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, Marco Island MLS, Copyright 2019, and the proprietary compilation of that data by John R. Wood Properties, its employees,

and professional statisticians hired by the Wood firm. 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.”

NAPLES

Single Family Homes

The median sales price for the 12 month period ending March 31 was static with the preceding 12 months at $425,000, while the 12 month average price rose 5% from $761,062 to $799,490.

With 1,058 single family closings posted during the first quarter, sales were static with the first quarter of 2018. Sales over the past 12 months rose 4% from 4,395 to 4,579.

With 3,676 homes on the market, months of supply at the end of Q1 was 9.62 months, up 21% from the same time last year when 7.95 months of supply was posted.

Condominiums

Median and average sales prices over the past 12 months were static with the preceding 12 month period, at $260,750 and $423,808, respectively.

There were 1,089 closings in Q1 2019 compared to 1,292 in Q1 2018, down 15.7%. Sales over the past 12 months rose 1.1% from 4,712 to 4,764.

With 3,172 units on the market, months of supply at the end of Q1, was 7.97 months, static with that of a year ago.

BONITA SPRINGS AND ESTERO

Single Family Homes

The median sales price over the past 12 months increased 5.7% compared to the preceding 12 months from $400,750 to $423,778, while the 12 month average price fell 2.7% to $513,170.

With 322 closings during the first quarter, sales were static with the same period in 2018. Sales over the past 12 months increased 10.3%, from 1,325 to 1,462.

With 1,024 homes on the market, months of supply at the end of Q1 was 8.39 months, up 14.97% from the same time last year when 7.3 months of supply was posted.

Condominiums

The median sales price over the past 12 months increased 2.4% compared to the preceding 12 months from $242,635 to $248,440, while the 12 month average price was up 1.5% to $301,241.

The number of condominium closings during Q1 decreased 15.1% to 361 compared to 425 during Q1 2018. Sales over the past 12 months increased 3.3% from 1,502 to 1,551.

With 1,054 condominiums on the market, months of supply at the end of Q1 was 8.11 months, up 12.8% from the same time last year when 7.19 months of supply was posted.

MARCO ISLAND

Single Family Homes

The median sales price over the past 12 months increased 8% compared to the preceding 12 months from $730,625 to $788,875, while the 12 month average price rose 15.3% to $1,054,615.

The number of closings in Q1 increased 6.7% from 75 to 80. Sales over the past 12 months were static with the preceding 12 months at 366 sales.

With 358 homes on the market, months of supply at the end of Q1 was 11.74 months, up 14.4% from the same time last year when 10.26 months of supply was posted.

Condominiums

The median sales price over the past 12 months increased 5.1% compared to the preceding 12 months from $418,667 to $440,208, while the 12 month average price rose 11.3% to $623,971.

There were 105 closings during Q1, down 14.6% from 123 during the same period last year. Sales over the past 12 months increased 3.5% from 451 to 467.

With 443 condominiums on the market, months of supply at the end of Q1 was 11.38 months, up 20% from the same time last year when 9.48 months of supply was posted.


John R. Wood Properties, Bring Your Highest Expectations.

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“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Marco Island MLS, Copyright 2019, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. 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.”

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BONITA SPRINGS / ESTERO

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MARCO ISLAND

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FIRST QUARTER MARKET REVIEW FOR 2019 · There were 1,089 closings in Q1 2019 compared to 1,292 in...

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Transcript of FIRST QUARTER MARKET REVIEW FOR 2019 · There were 1,089 closings in Q1 2019 compared to 1,292 in...