Monthly Market Report For Q2 2018

Dated: 08/15/2018

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Naples/Bonita/Estero/Marco Island 2nd Quarter Real Estate Update

Here are the most recent sales trend for the 2nd Quarter of 2018.


NAPLES

Single Family Homes

  • The Quarter over Quarter (QoQ) rolling 12 month median price increased 8.2% over the same period in 2017 to $434,750, while the QoQ rolling 12 month average price rose to $797,176, up 11.8% from the end of Q2 2017.

  • The average sales price in the second quarter 2018 was skewed due to the June closing of a $48 million beachfront home. Without this sale, the change is 7.5%.

  • There were 1444 single family closings during the second quarter, up from 1408 in Q2 2017.

  • Months of supply at the end of the quarter stands at 6.64 months, down 9.7% from the same period last year.

Condominiums

  • The QoQ rolling 12 month median price fell 1% to $258,438 over the same period last year, while the QoQ rolling 12 month average price is $418,282, consistent with the same period last year.

  •  There were 1589 closings in Q2 2018 compared to 1599 in Q2 2017.

  • Months of supply at the end of Q2, was 7.10 months, an increase of 9.7% over the same period last year.


Bonita Springs AND ESTERO

Single Family Homes

  • The QoQ rolling 12 month median price increased 8.3% from the same period last year to $426,340, while the rolling 12 month average price rose 1.7% to $520,976.

  • There were 454 closings during the quarter compared to 433 in Q2 2017.

  • Months of supply at the end of the quarter stands at 6.26 months, up 13.8% from Q2 2017.

Condominiums

  • The QoQ rolling 12 month median price was $245,135, resulting in a modest change from $241,213 last year. The QoQ 12 month average price was down 3.3% to $295,503.

  • The number of condominium closings during Q2 increased to 552 compared to 515 during Q2 2017.

  • Months of supply at the end of the quarter stands at 5.54 months compared to 5.75 months at the same time last year.


MARCO ISLAND

Single Family Homes

  • The QoQ rolling 12 month median price declined 2.5% over last year at $743,750, while the QoQ rolling 12 month average price was consistent with last year at $952,753.

  • The number of closings in Q2 increased to 138 compared to 135 for the Q2 2017.

  • Months of supply at the end of the quarter stands at 8.41 months, down 12.3% year-over-year.

Condominiums

  • The QoQ rolling 12 month median price was down 2.6% from last year at $399,375 while the QoQ rolling 12 month average price is unchanged at $553,000.

  • There were 161 closings during Q2, unchanged from the same period last year.

  •  Months of supply at the end of the quarter stands at 8.89 months, up 3.6% from the same period in Q2 2017.

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Rowan Samuel

Rowan Samuel has lived many lives. Originally from Zimbabwe (Rhodesia), he and his family immigrated to the U.S. in 1980 to escape the brutal Mugabe regime - they lost everything when they came to Am....

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