SWFL Real Estate Market Report 2017

By Scott Kelsey  |   July 17, 2017

REAL ESTATE MARKET REPORT: JUNE 2017

Naples / Bonita Springs / Estero Market Area

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NAPLES, BONITA SPRINGS AND ESTERO

Monthly Market Report JUNE 2017.indd Monthly Market Report JUNE 2017.indd Monthly Market Report JUNE 2017.indd Monthly Market Report JUNE 2017.indd

SWFL Real Estate Market Report 2017

Closed Sales
• The number of closed sales year-to-date for Naples, Bonita Springs and Estero increased 9.6% year-over-year.
• Closed sales priced above $2 million increased 28.8% through June compared to the same period in 2016 (295 vs. 229).
During the past 12 months sales in this category are up 4% over the 12 months ending June 30, 2016 (439 vs. 422).

New Listings/Inventory
• Available inventory on July 1, 2017 consisted of 6,443 units, an increase of less than 3% over July 1, 2016. This represents
6.4 months of supply based on current absorption rates.
• During the 12 months ending June 30, 2017 a total of 19,006 new listings were added to the market, a decrease of 5%
from the prior 12 months ending June 30, 2016.

Average and Median Sales Price
• Year-to-date average sales price for the area increased 4.5% to $568,663 up from $544,231 for the same period in 2016.
Median closed price is approximately the same as last year at $328,500.
• Average price of sales above $2 million fell 4% over the past 12 months to $3,674,253.

JohnRWood.com 

 

 

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