Bring Your Highest Expectations MONTHLY MARKET REPORT, SEPTEMBER 2015 For the 11
Market Report September 2015 12-MONTH COMPARISONS Bring Your Highest Expectations NEW LISTINGS / CLOSED UNITS 30,000 27,000 NEW LISTINGS 2015------------------ 18,459 24,000 2014------------------ 18,542 2013------------------ 19,502 21,000 2012------------------ 19,973 2011------------------ 22,194 18,000 2010------------------ 23,924 2009------------------ 25,456 15,000 12,000 CLOSED UNITS 9,000 2015------------------- 13,529 2014------------------- 13,385 6,000 2013------------------- 13,185 2012------------------- 11,548 3,000 0 2009 2010 2011 2012 2013 2014 2015 2011---------------------9,997 2010------------------- 11,161 2009---------------------7,662 The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, and the proprietary compilation of that data by, its employees, and professional statisticians 1
Market Report September 2015 12-MONTH COMPARISONS Bring Your Highest Expectations AVERAGE SALES PRICE $525,000 $500,000 $514k $475,000 $450,000 $425,000 $452k $400,000 $411k $375,000 $350,000 $325,000 $373k $337k $345k $358k $300,000 2009 2010 2011 2012 2013 2014 2015 The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, and the proprietary compilation of that data by, its employees, and professional statisticians 2
Market Report September 2015 SUMMARY Bring Your Highest Expectations CLOSED SALES Closed sales year-to-date September continued at a brisk pace with approximately the same number of sales as the first nine months of 2014. The average sales price during this period increased 13% over prior year, with an average of $530,698 vs. $467,474 in 2014. Luxury properties priced above $2 million remained in strong demand with the number of sales in this segment up almost 6% year-to-date and up 13% during the past 12 months. NEW LISTINGS/INVENTORY Available inventory on October 1, 2015 consisted of 4,359 single family homes and condominiums in the Naples, Bonita Springs, Estero combined market. This represents a 4.5% decline from October 1, 2014, and 3.9 months of supply based on closings during the past 12 months. Asking price of properties placed on the market during the past 12 months increased 12.7% over the 12 months ending September 30, 2014 to an average of $612,567. Median list price is up 16.5% over the same period. AVERAGE AND MEDIAN SALES PRICE Average price of closed sales during the month of September increased 11.4% year-over-year, while median closed price is up 16.8% over September 2014. Average price of sales above $2 million increased 12.3% over the past 12 months, indicative of the high demand for luxury properties in the Southwest Florida area. The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, and the proprietary compilation of that data by, its employees, and professional statisticians 3
Neighborhood Snapshot Report MONTHLY SNAPSHOT AS OF OCTOBER 1, 2015 SINGLE FAMILY HOMES Bring Your Highest Expectations 12-Month Sold Comparison Report for Select Communities AVAILABLE INVENTORY CLOSED PAST 12 MONTHS MONTHS OF SUPPLY AVERAGE CLOSED PRICE Aqualane Shores 25 32 9.38 $4,426,047 Barefoot Beach 16 21 9.14 $3,402,738 Bonita Bay 28 82 4.10 $1,054,411 The Brooks 33 87 4.55 $818,099 Collier s Reserve 10 10 12.00 $1,406,000 Park Shore/Moorings/Seagate/Coquina Sands Waterfront 9 43 2.51 $3,012,686 Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront 58 99 7.03 $1,420,327 The Crossings 5 13 4.62 $680,969 The Dunes - - - - Grey Oaks 36 72 6.00 $2,437,901 Kensington 5 24 2.50 $880,375 Lely Resort 62 117 6.36 $679,770 Mediterra 57 56 12.21 $2,201,770 Monterey 12 20 7.20 $648,425 Olde Cypress 19 35 6.51 $856,153 Old Naples 67 72 11.17 $3,222,139 Palmira 16 45 4.27 $657,601 Pelican Bay 11 47 2.81 $1,404,860 Pelican Bay (Bay Colony) 3 9 4.00 $3,776,889 Pelican Landing 21 57 4.42 $772,998 Pelican Landing (The Colony) 6 21 3.43 $1,372,826 Pelican Marsh 16 60 3.20 $1,627,242 Pelican Sound 3 11 3.27 $558,818 Pine Ridge 41 31 15.87 $1,056,706 Port Royal 44 38 13.89 $9,772,421 Quail Creek 18 21 10.29 $955,569 Quail West 42 50 10.08 $1,922,804 Royal Harbor 18 35 6.17 $1,699,229 Tiburon 11 16 8.25 $1,849,469 Vanderbilt Beach 22 29 9.10 $1,531,629 The Vineyards 47 65 8.68 $719,275 West Bay Club 7 23 3.65 $853,043 The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, and the proprietary compilation of that data by, its employees, and professional statisticians 4
Neighborhood Snapshot Report MONTHLY SNAPSHOT AS OF OCTOBER 1, 2015 12-Month Sold Comparison Report for Select Communities AVAILABLE INVENTORY CONDOMINIUMS CLOSED PAST 12 MONTHS MONTHS OF SUPPLY Bring Your Highest Expectations AVERAGE Closed CLOSED PRICE Aqualane Shores - 6 0.00 $596,167 Barefoot Beach 10 17 7.06 $908,412 Bonita Bay 35 126 3.33 $624,241 The Brooks 23 131 2.11 $240,756 Collier s Reserve - - - - Park Shore/Moorings/Seagate/Coquina Sands Waterfront 67 355 2.26 $1,153,867 Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront 34 98 4.16 $273,927 The Crossings - - - - The Dunes 21 49 5.14 $1,096,770 Grey Oaks 8 17 5.65 $795,039 Kensington 9 26 4.15 $429,650 Lely Resort 98 203 5.79 $289,794 Mediterra 10 32 3.75 $538,891 Monterey 2 4 6.00 $336,500 Olde Cypress 7 5 16.80 $433,100 Old Naples 43 141 3.66 $711,912 Palmira Golf and Country Club 8 29 3.31 $307,140 Pelican Bay 50 286 2.10 $892,312 Pelican Bay (Bay Colony) 10 44 2.73 $2,649,357 Pelican Landing 19 72 3.17 $323,719 Pelican Landing (The Colony) 30 72 5.00 $885,973 Pelican Marsh 17 73 2.79 $425,911 Pelican Sound 6 75 0.96 $255,697 Pine Ridge 5 25 2.40 $204,140 Port Royal - - - - Quail Creek - - - - Quail West - - - - Royal Harbor - - - - Tiburon 14 46 3.65 $721,623 Vanderbilt Beach 28 111 3.03 $735,107 The Vineyards 45 107 5.05 $406,234 West Bay Club 7 41 2.05 $502,970 The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, and the proprietary compilation of that data by, its employees, and professional statisticians 5