Back HomeSOUTHWEST 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.
