September Monthly Real Estate Market Report for Naples, Bonita Springs, and Marco Island

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

Monthly Market Report (Month Ending August 2019)

NAPLES, BONITA SPRINGS AND ESTERO

Closed Sales

During the 12-month period ending August 31, 2019 a total of 12,802 sales were reported, up 6% from the same period the prior year when there were 12,080 sales. Closed sales priced above $2 million were up 1.2% from 503 to 509.

New Listings/Inventory

Available inventory as of September 1, 2019 totaled 5,855 units, down 4.9% compared to 6,156 units as of the same date the prior year. Months of supply, at 5.49 months, was down 10.3% compared to 6.12 months posted a year ago. New listings added over the 12-month period ending August 31, 2019 were up 2.9% to 19,491 compared with 18,940 listings added during the preceding 12-month period.

Average and Median Sales Price

Average and median prices for closed sales over the 12-month period ending August 31, 2019 were unchanged compared to the preceding 12-month period at $562,084 and $329,561, respectively. The average price for sales above $2 million over the past 12 months was up 7.8% to $4,007,170 compared to $3,716,033 for the preceding 12-month period.

MARCO ISLAND

Closed Sales

During the 12-month period ending August 31, 2019 a total of 845 sales were reported, up 2.2% from the same period the prior year when there were 827 sales.

New Listings/Inventory

Available inventory as of September 1, 2019 for the Marco Island market totaled 578 units, up 14% compared to 507 units as of the same date the prior year. Months of supply, at 8.21 months, was up 11.6% compared to 7.36 months posted a year ago. During the 12 months ending August 31, 2019, 1,393 listings were added to the Marco Island market, a 11.4% increase over the preceding 12-month period when 1,250 listings were added.

Average and Median Sales Price

Pricing of closed sales over the past 12 months averaged $786,677, a 2.3% increase compared to the preceding 12 months when an average of $768,976 was posted. When comparing the same two periods, median pricing was up 1.7% from $581,521 to $591,499.

*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.

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.