MONTHLY MARKET REPORT FOR APRIL 2017

Naples / Bonita Springs / Estero / Marco Island Market Area

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NAPLES, BONITA SPRINGS AND ESTERO

Closed Sales

The number of closed sales year-to-date for Naples, Bonita Springs and Estero increased 7% year-over-year.
Closed sales priced above two million increased 5% through April compared to the same period in 2016. During the past 12 months, sales in this category decreased 13% (387 vs. 445.

New Listings/Inventory

Available inventory on May 1, 2017 consisted of 7,571 units, an increase of 11% over May 1, 2016.  This represents 7.7 months of supply based on current absorption rates.
During the 12 months ending April 30, 2017, a total of 19,826 new listing were added to the market, approximately the same as the prior 12 months ending April 30, 2016.

Average and Median Sales Price

Year-to-date average sales price for the area remained approximately the same as prior year at $568,638, up less than 2%.
Average sales price during the month of April was static with prior year (up less than 2%), while median price for the month increased 3% over April 2016.

Closed Sales

During the 12 months ending April 30, 2017, the Marco Island area had 907 closings, up 3.3% from the same period last year when there were 878 closings.
The number of closed sales year-to-date increased 24% over prior year to 335 vs. 271 in 2016.

  • Marco Island

  • Closed Sales
  • During the 12 months ending April 30, 2017, the Marco Island area had 907 closings, up 3.3% from the same period last year when there were 878 closings.

  • New Listings/Inventory

    Available inventory on May 1, 2017 for the Marco Island market consisted of a total of 765 units compared to 797 units last month. This represents 9.4 months of supply for condominiums and 10.75 months of supply for single family homes.
    During the 12 months ending April 30, 2017 there were a total of 1,446 new listings added to the Marco Island market. This is unchanged from the same period last year when there were 1,449 new listings added.

    Average and Median Sales Price

    Average price of closed sales during the month of April was unchanged year over year, while the median price was up 8.3%.The twelve month average sales price rose 7.1% over the prior 12 months, from $711,138 to $761,745.

    *Marco Island statistics are obtained from the Marco Island MLS system and include only those sales and current listings on Marco Island and Key Marco

    Visit Naples.house for luxury homes for sale in Naples, Bonita Springs, Estero, Sanibel and Captiva Islands, and Marco Island.

     

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