NAPLES, BONITA SPRINGS AND ESTERO
The number of closed sales continued at approximately the same pace as last year through July, with NA-BN-ES showing less than a 2% increase and Marco down 6% for the period. Prices remain stable with median price increasing a modest 3% in NA-BN-ES over the past 12 months, and Marco median price approximately the same as last year. Available inventory also continues at healthy levels with 6.3 months of supply in NA-BN-ES and 8 months on Marco Island.
John R. Wood remains the NUMBER ONE BROKER IN SOUTHWEST FLORIDA in closed volume as well as closed sides! We are at $1.4 billion in closings year-to-date, and the number two firm is at $1.3. In closed sides, JRW has closed 1,862 while the number two firm has had 1,594. We continue to attract more buyers to SWFL than any other broker!
–The number of closed sales year-to-date remained stable when compared to the same period last year with 8,104 closings vs. 7,958 in 2017.
–Closed sales priced above $2 million increased 18.5% over the first seven months of 2018 to 385 sales compared to 325 during the prior year.
–Available inventory on August 1, 2018 consisted of 6,304 residential units compared to 6,264 a year ago. This represents 6.3 months of supply based on the current sales pace.
–During the 12 months ending July 31, 2018 there were 17,539 new listings added to the market, a decrease of 14% from the prior 12 months.
Average and Median Sales Price
–The average sales price increased 8.9% over the past 12 months to $568,633, while the median price climbed 3.2% to $330,604.
–Average sales price on a year-to-date basis for properties priced above $2 million remained static with prior year at $3,987,452. Over the past 12 months, the average price in this category is up 4% to $3,800,000.
–There were 558 closed sales during the first seven months of 2018 compared to 594 for the same period last year.
–During the past 12 months the number of closed sales declined 8.5% to 817 compared to 893 during the same period in 2017.
–Available inventory on August 1, 2018 consisted of 561 residential units, down from 651 last year.
–During the 12 months ending July 31, 2018 there were 1,287 new listings added to the market, down from 1,456 during the prior 12 months.
Average and Median Sales Price
–The average sales price over the past 12 months increased less than 3% to $752,451 compared to $732,709 a year ago.
–Median price for the past 12 months was consistent with prior year at $572,717.
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