September 2018: SWFL Market Report

By Scott Kelsey  |   October 18, 2018

Naples, Bonita Springs and Estero’s Snapshot Report

Download the September 2018 Market Report (PDF)Monthly Market Report SEPT 2018.inddMonthly Market Report SEPT 2018.indd

Closed Sales
• The number year-to-date closed sales for 2018 rose by 3.9%, with 9,840 closings compared to 9,467 for the same
period in 2017.
• With 440 closings year-to-date compared to 370 for the same period in 2017, the number of sales priced above
$2 million for 2018 have increased by 18.9%.
New Listings/Inventory
• Down 5.5% from the same period last year, a total of 18,436 listings were added to the market during the 12
months ending September 30, 2018.
• vailable inventory on October 1, 2018 consisted of 6,410 units compared to 6,156 units a month ago and 5,807
as of October 1st last year. It should be noted that 2017 October inventory was significantly lower due to Hurricane
Irma which occurred in mid-September.

Average and Median Sales Price
• The average price for closed sales over the 12-month period ending September 30th increased by 6.1% when
compared to the same period last year. The median sale price rose by 3.3%.
• The 12-month average for closings over $2 million declined 3.3% to $3,713,852. The year-to-date average sales
price in this category remained static with 2017.

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Marco Island’s Snapshot Report

Closed Sales

• With 683 closings year-to-date, Marco Island sales are steady with those of 2017, showing a .3% increase.
• During the 12 months ending September 30, the Marco Island area had 855 closings, down 2.8% from the same
period last year when there were 880 closings.

New Listings/Inventory
• Available inventory as of October 1st consisted of a total of 578 units, a 4.9% drop compared to 608 units at the
same time last year.
• During the 12 months ending September 30th, a total of 1,284 listings were added to the Marco Island market.
This is 6.8% fewer than were added during the same period last year when 1,377 new listings entered the market.

Average and Median Sales Price

• Due to several beachfront sales in August, the monthly average closed price for September declined. However,
longer term averages tell a different story. The year-to-date average closed price increased 14.4% over 2017 and
the rolling 12-month average rose 11.8%.

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