Bring Your Highest Expectations MONTHLY MARKET REPORT, AUGUST 2015 For the 11
Market Report August 2015 12-MONTH COMPARISONS Bring Your Highest Expectations NEW LISTINGS / CLOSED UNITS 30,000 27,000 NEW LISTINGS 2015------------------ 18,558 24,000 2014------------------ 18,276 2013------------------ 18,400 21,000 2012------------------ 18,767 2011------------------ 20,559 18,000 2010------------------ 22,525 2009------------------ 24,497 15,000 12000 CLOSED UNITS 9,000 2015------------------- 13,309 2014------------------- 13,392 6,000 2013------------------- 12,009 2012------------------- 10,692 3,000 0 2009 2010 2011 2012 2013 2014 2015 2011------------------- 10,429 2010------------------- 10,274 2009---------------------7,782 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 August 2015 12-MONTH COMPARISONS Bring Your Highest Expectations AVERAGE SALES PRICE $500,000 $480,000 $508k $460,000 $440,000 $420,000 $451k $400,000 $420k $380,000 $360,000 $340,000 $320,000 $357k $360k $363k $374k $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 August 2015 SUMMARY Bring Your Highest Expectations CLOSED SALES The number of closed sales through August is down 4.4% from the same period in 2014 (9,223 vs. 9,649). Sales pace is driven by inventory, demand and pricing. Closed sales during the month of August are down 10% from August 2014, but remain the fourth highest on record for the month (2000 2015). The consistent number of sales over the past several months indicates the market is enjoying solid demand. During the past 12 months, closings for properties priced above $2 million are up 13% (459 vs. 407). This category continues to be in high demand with year-to-date closings up 5.1% over the first eight months of 2014. NEW LISTINGS/INVENTORY Available inventory on September 1, 2015 consisted of 4,198 units, down 6.9% from prior year. Average list price for the past 12 months is $614,842, up 15.1% from the 12 months ending September 1, 2014. Median list price increased 17.5% during the 12 months ending September 1, 2015. AVERAGE AND MEDIAN SALES PRICE Average price of closed sales during the month of August increased 11.4% year-over-year, while median closed price increased 12.8%. Average price of sales above $2 million increased 11.8% over the past 12 months, from $3,537,716 to $3,956,725. Median price in this category is up 12.8% from $2,800,000 to $3,157,000. 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 SEPTEMBER 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 24 30 9.60 $4,494,350 Barefoot Beach 15 21 8.57 $3,397,976 Bonita Bay 25 81 3.70 $1,072,984 The Brooks 32 84 4.57 $813,102 Collier s Reserve 13 10 15.60 $1,406,000 Park Shore/Moorings/Seagate/Coquina Sands Waterfront 10 47 2.55 $3,076,600 Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront 60 94 7.66 $1,387,472 The Crossings 6 10 7.20 $690,160 The Dunes - - - - Grey Oaks 32 74 5.19 $2,477,431 Kensington 5 21 2.86 $819,714 Lely Resort 62 117 6.36 $701,045 Mediterra 57 51 13.41 $2,078,688 Monterey 9 22 4.91 $628,955 Olde Cypress 16 37 5.19 $874,787 Old Naples 68 69 11.83 $3,302,449 Palmira 11 44 3.00 $653,989 Pelican Bay 10 50 2.40 $1,400,968 Pelican Bay (Bay Colony) 4 8 6.00 $3,699,000 Pelican Landing 18 54 4.00 $761,169 Pelican Landing (The Colony) 5 20 3.00 $1,374,950 Pelican Marsh 16 58 3.31 $1,562,664 Pelican Sound 3 10 3.60 $565,700 Pine Ridge 42 33 15.27 $1,122,027 Port Royal 42 38 13.26 $9,261,895 Quail Creek 17 25 8.16 $940,598 Quail West 40 45 10.67 $1,901,550 Royal Harbor 13 35 4.46 $1,604,657 Tiburon 12 14 10.29 $1,684,036 Vanderbilt Beach 18 29 7.44 $1,581,284 The Vineyards 50 65 9.23 $743,441 West Bay Club 5 23 2.61 $824,783 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 SEPTEMBER 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 16 7.50 $924,625 Bonita Bay 33 127 3.12 $641,645 The Brooks 21 127 1.98 $242,271 Collier s Reserve - - - - Park Shore/Moorings/Seagate/Coquina Sands Waterfront 68 355 2.30 $1,160,687 Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront 30 104 3.46 $276,560 The Crossings - - - - The Dunes 16 49 3.92 $1,072,423 Grey Oaks 6 15 4.80 $796,936 Kensington 9 24 4.50 $437,163 Lely Resort 99 206 5.77 $288,747 Mediterra 13 31 5.03 $533,532 Monterey 2 5 4.80 $347,200 Olde Cypress 7 5 16.80 $433,100 Old Naples 44 145 3.64 $754,440 Palmira Golf and Country Club 2 30 0.80 $307,068 Pelican Bay 41 286 1.72 $879,383 Pelican Bay (Bay Colony) 9 45 2.40 $2,748,760 Pelican Landing 12 73 1.97 $317,209 Pelican Landing (The Colony) 32 68 5.65 $898,442 Pelican Marsh 9 73 1.48 $418,815 Pelican Sound 3 74 0.49 $258,206 Pine Ridge 5 26 2.31 $202,365 Port Royal - - - - Quail Creek - - - - Quail West - - - - Royal Harbor - - - - Tiburon 12 45 3.20 $726,126 Vanderbilt Beach 33 112 3.54 $687,936 The Vineyards 47 118 4.78 $390,858 West Bay Club 7 37 2.27 $495,791 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