John R. Wood Properties

By Jodee Bennett  |   November 6, 2017

NAPLES
Single Family Homes

    • The quarter-over-quarter (QoQ) rolling 12 month Median price increased slightly over the same period in 2016 to $412,506 while the QoQ rolling 12 month average price rose to $740,833, up 3.5% from $716,043 at the end of Q3 2016.
    • There were 959 single family closings during the third quarter, down from 1075 in Q3 2016.
    • Months-of-supply at the end of the quarter stands at 6.6 months, approximately the same as this time last year.

Condominiums

    • The QoQ rolling 12 month median price increased 3.9% over the same period last year, while the QoQ rolling 12 month average price is $419,963, up 4.9% from the same period last year.
    • There were 902 closings in Q3 2017 compared to 930 in Q3 2016.
    • Months-of-supply at the end of the quarter did not change from the same period a year ago, and stands at 6.2 months.

BONITA SPRINGS AND ESTERO
Single Family Homes

    • The QoQ rolling 12 month median price was the same as the third quarter last year ($396,563), while the rolling 12 month average price rose 4.5% to $526,565.
    • There were 290 closings during the quarter compared to 343 in Q3 2016.
    • Months-of-supply at the end of the quarter stands at 5.3 months, down from 6 months at the same time last year.

Condominiums

    • The QoQ rolling 12 month median price was $240,135, down 2.5% from the same quarter last year, while, the QoQ 12 month average price was down 2.4% to $301,580.
    • The number of condominium closings during the third quarter declined to 273 compared to 333 during Q3 2016.
    • Months-of-supply at the end of the quarter stands at 5.4 months compared to 5.6 months at the same time last year.

MARCO ISLAND
Single Family Homes

    • The QoQ rolling 12 month median price was up 5.4% over last year at $765,000, while the QoQ rolling 12 month average price was static with last year at $915,074.
    • The number of closings in Q3 declined to 76 compared to 90 for the third quarter 2016.
    • ¬†Months-of-supply at the end of the quarter stands at 9 months, a decline of 11.4% year-over-year.

Condominiums

    • The QoQ rolling 12 month median price was up 9.4% over last year at $423,125, while the QoQ rolling 12 month average price increased slightly to $536,066.
    • There were 74 closings during the third quarter, down from 107 in Q3 2016.
    • Months-of-supply at the end of the quarter stands at 8.1 months, the same as this time last year.

Click here to view the full Gulf Shore Boulevard Market Report: Full Report.

John R Wood Properties Exhibit A
John R Wood Properties Exhibit B
John R Wood Properties Exhibit C

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