July Monthly Market Report

Jodee Bennett, SWFL Real Estate, John R. Wood Properties

NAPLES, BONITA SPRINGS AND ESTERO

Closed Sales

During the 12-month period ending June 30, 2019 a total of 12,561 sales were reported, up 4.4% from the same period the prior year when there were 12,030 sales. With 503 sales reported, closed sales priced above $2 million were static with the preceding 12-month period.

New Listings/Inventory

With 6,667 units on the market, available inventory as of July 1, 2019 was static with that of the same date last year. Months of supply as of July 1, 2019 reflected 6.37 months, down 3.4% compared to the same date last year when 6.59 months was posted. New listings added over the 12-month period ending June 30, 2019 were up 4.6% to 19,770 compared with 18,867 listings added during the preceding 12-month period.

Average and Median Sales Price

The average price for closed sales over the 12-month period ending June 30, 2019 was $553,773, down 2.2% compared to $566,277 for the preceding 12-month period. The median price was unchanged. The average price for sales above $2 million over the past 12 months was up 2.5% to $3,895,250 compared to $3,798,759 for the preceding 12-month period.

MARCO ISLAND

Closed Sales

With 825 closings during the 12 months ending June 30, 2019, sales for the Marco Island area were static compared to the preceding 12-month period.

New Listings/Inventory

Available inventory as of July 1, 2019 for the Marco Island market totaled 667 units, up 9% compared to 612 units as of the same date the prior year. Months of supply, at 9.7 months, was up 8.2% compared to 8.97 months posted a year ago. During the 12 months ending June 30, 2019, 1,369 listings were added to the Marco Island market, a 6% increase over the preceding 12-month period when 1,292 listings were added.

Average and Median Sales Price

Pricing of closed sales over the past 12 months averaged $797,394, a 7.9% increase compared to the preceding 12 months when an average of $738,724 was posted. When comparing the same two periods, median pricing was up 6.2% from $563,931 to $598,897.

If you are looking to sell or buy a property, contact Jodee and her network of elite professionals at 239.631.2561 or email jbennett@johnrwood.com.

1185 Immokalee Rd, Ste. #300

Naples, FL 34110

Please don’t hesitate to call me at 239.631.2561, email jbennett@johnrwood.com, or visit coastalhome4you.com.

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*Marco Island statistics are obtained from the Marco Island MLS system and include only those sales and current listings on Marco Island and Key Marco.