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MARKET REVIEW – 2nd Quarter 2016 – Naples / Bonita Springs / Estero

 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.

Market Report Q2 2016.indd

 

 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.

Market Report Q2 2016.indd

 

 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.

Market Report Q2 2016.indd

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS. Copyright 2016 Southwest Florida MLS. 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.”