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SOUTHWEST FLORIDA REAL ESTATE UPDATE

Monthly Market Report

The number of closed sales continued at approximately the same pace as last year through July, with the Naples, Bonita Springs, and Estero (NA-BN-ES) market showing less than a 2% increase, and Marco Island coming in with a 6% decrease for the period. Prices remain stable with the median price increasing a modest 3% in NA-BN-ES over the past 12 months, while Marco’s median price remained 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.

 

NAPLES, BONITA SPRINGS AND ESTERO

 

Closed Sales

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. Meanwhile, 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.

 

New Listings/Inventory

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.

 

MARCO ISLAND

 

Closed Sales

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.

 

New Listings/Inventory

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.

 

*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.

SOUTHWEST FLORIDA REAL ESTATE UPDATE

Monthly Market Report

March was a great month for real estate sales in SWFL with luxury property over $1 million driving the market. Buyers continue to show a healthy interest in our area while sellers are maintaining reasonable sales prices as they enter the market. With these trends holding strong, we anticipate end-of-quarter reports to reflect positively for real estate in Southwest Florida.


NAPLES, BONITA SPRINGS AND ESTERO

Closed Sales

The number of closed sales year-to-date is static with last year showing 3,074 closings compared to 3,054 in 2017. Closed sales priced above $2 million increased 38.5% year-over-year to 162 sales vs. 117 in the first three months of 2017, which represents the highest level during this period for the past nine years.

New Listings/Inventory

Available inventory on April 1, 2018 consisted of 7,957 residential units, representing a decrease of 3% over the same time last year. During the 12 months ending March 31, 2018 there were 18,074 new listings added to the market, a decrease of 10.5% over the prior 12 months.

Average and Median Sales Price

The average sales price for the 12 months ending March 31, 2018 increased 8.2% over the prior 12 months to $557,479. Median sales price for this period is up 4% to $329,458.


MARCO ISLAND

Closed Sales

During the past 12 months closed sales declined 6.5% to 817 sales, which was down from 874 for the 12 months ending March 31, 2017. Meanwhile, there were 198 closed sales recorded during the first three months of 2018 compared to 234 for the same period a year ago.

New Listings/Inventory

Available inventory on April 1, 2018 consisted of 701 units, down from 797 at this time in 2017. During the 12 months ending March 31, 2018 there were a total of 1,291 listings added to the market., which represents a 12.8% reduction over the prior 12-month period.

Average and Median Sales Price

The average sales price over the past 12 months remained consistent with prior year at $723,311 and the median sales price also remained steady at $563,149.


SOUTHWEST FLORIDA HAPPENINGS

Taste of Collier
May 6, 2018

Taste of Collier, a long-standing Naples tradition, is an afternoon of family fun featuring live music by area musicians, crowd-pleasing ice-carving demonstrations, cooking competitions with local top chefs, and of course, savory samples from over 30 of the best local restaurants in Collier County!

42nd Annual Great Dock Canoe Race
May 12, 2018

The annual Great Dock Canoe Race is arguably Naples’s most popular event. Contestants and spectators travel from throughout the country to race and watch, and thousands of people, from young children to grandparents, celebrate the race on land, dock, and bay. ​

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.

10 cheap fixes to boost the value of your home

Looking for ways to spruce up your home without putting yourself in the poorhouse? Whether you’re getting ready to sell your home or want to spiff it up inexpensively for your own enjoyment, we’ve got 10 good strategies for you to consider.

The actual cost and payback for each project can vary, depending on both your home’s condition and overall real estate market values in your region of the country.

Boost your home’s value
These simple upgrades can easily add thousands of dollars to your home’s value.
10 cheap fixes
  1. Make your kitchen really cook.
  2. Give appliances a facelift.
  3. Buff up the bath.
  4. Step up your storage.
  5. Add a room in a week or less.
  6. Mind the mechanics.
  7. Look underfoot.
  8. Let there be light.
  9. Reframe your entry.
  10. Consider curb appeal.

Top 10 Cities with Most Connected Homes

Consumers are embracing connected devices for their homes, from products that allow them to take control over their home’s temperature via their smartphone to security cameras that allow them to keep watch over their home from anywhere. 69% of consumers say they plan to purchase a connected device for their home by 2019, according to a study by the Chamberlain Group.

According to Chamberlain’s research, consumers are most quickly embracing connected home technology in these cities:

1) Houston
2) Las Vegas
3) San Jose
4) Chicago
5) Phoenix
6) Austin
7) Minneapolis
8) Denver
9) San Diego
10) San Antonio

10 Most Generous Towns In Florida

Here Are The 10 Most Generous, Giving Towns In Florida

You might think Floridians are too busy having fun in the sun to think much about others, but Florida is actually ranked 18th of all the states when it comes to charitable donations, according to Philanthropy.com. The data given was for 2012 and broken down by metropolitan statistical areas. It says Floridians gave 3.38% of their adjusted gross incomes to charity, which translates to $11,144,250,000. But which cities in Florida gave the most?

1. Lakeland/Winter Haven
2. Sebastian/Vero Beach
3. Tallahasee
4. Jacksonville
5. Naples-Marco Island
6. Crestview/Fort Walton
7. Ocala
8. Gainesville
9. Pensacola/Ferry Pass/Brent
10. Panama City/Lynn Haven/Panama City Beach

Were you surprised by this list? Did your city make the top 10?