Back HomeSOUTHWEST FLORIDA REAL ESTATE UPDATE
NAPLES, BONITA SPRINGS AND ESTERO
Closed Sales
During the 12-month period ending May 31, 2019 a total of 12,622 sales were reported, up 4.7% from the same period the prior year when there were 12,050 sales. With 494 sales reported, closed sales priced above $2 million were static with the preceding 12-month period.
New Listings/Inventory
Available inventory as of June 1, 2019 consisted of 7,698 units compared to 6,885 as of the same date last year, up 11.8%. Months of supply as of June 1, 2019 reflected 7.32 months, up 6.7% compared to the same date last year when 6.86 months was posted. New listings added over the 12-month period ending May 31, 2019 were up 16.4% to 20,286 compared with 17,421 listings added during the preceding 12-month period.
Average and Median Sales Price
Average and median prices for closed sales for the 12-month period ending May 31, 2019 were static with the preceding 12 months, at $558,670 and $329,666, respectively. The average price for sales above $2 million over the past 12 months was up 7.7% to $3,977,929 compared to $3,692,600 for the preceding 12-month period.
MARCO ISLAND
Closed Sales
During the 12 months ending May 31, 2019, 844 closings were posted for the Marco Island area, up 3.3% over the preceding 12 months when 817 sales were reported.
New Listings/Inventory
Available inventory as of June 1, 2019 for the Marco Island market totaled 716 units, up 10.5% compared to 648 units as of the same date the prior year. Months of supply, at 10.18 months, was up 7% compared to 9.52 months posted a year ago. During the 12 months ending May 31, 2019, 1,375 listings were added to the Marco Island market, a 5.8% increase over the preceding 12-month period when 1,300 listings were added.
Average and Median Sales Price
Pricing of closed sales over the past 12 months averaged $803,790, a 9.6% increase compared to the preceding 12 months when an average of $733,718 was posted. When comparing the same two periods, median pricing was up 7.8% from $558,867 to $602,635.
*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.
