NAPLES
Single Family Homes
- The year-to-date median sales price at the end of the second quarter remained consistent with Q2 2016, while the average sales price increased 3% to $782,854.
- The number of closings in Q2 2017 increased 7% over the same period in 2016 to 1386 closings, compared to 1290 during the second quarter 2016.
- Months-of-supply at the end of Q2 stands at 6.9 months, down 4% from 7.2 months for the same period in 2016.
Condominiums
- The year-to-date median sales price increased 9% over the second quarter of 2016, while average sales price was up 13% ($477,461 vs. $421,038).
- A total of 1,572 condominium closings occurred in Q2 2017, up from 1,474 closings during the same period last year.
- Months-of-supply at the end of Q2 stands at 6.5 months, up 10% from the 5.9 months at the end of Q2 2016.
BONITA SPRINGS AND ESTERO
Single Family Homes
- Through the second quarter, median sales price decreased less than 2% over prior year, while the average sales price increased 8.7% to $557,752 during the same period.
- There were 425 closed units during the second quarter, approximately the same as 2016 when there were 419.
- Months-of-supply at the end of the quarter stands at 5.5 months, a year-over-year decrease of 9.8%.
Condominiums
- Both median and average sales prices remained relatively stable year-over-year, with each declining approximately 3%. Median sales price at the end of the quarter is $246,568 and average price is $306,509.
- The number of closings increased from 458 in Q2 2016 to 511 for the second quarter 2017.
- Months-of-supply at the end of the quarter stands at 5.8 months vs. 5.9 months at the end of Q2 2016.
MARCO ISLAND
Single Family Homes
- The year-to-date median sales price increased from $720,128 at the end of Q2 2016 to $733,815 in the current year. Average sales price for the period declined 5.5% to $946,587.
- The number of single family closings increased 15% year-over-year to 135, up from 117 in Q2 2016.
- Months-of-supply at the end of Q2 stands at 9.6 months, a decline of 16.5% from the same period in 2016 when there was an 11.5 month supply.
Condominiums
- The median sales price year-to-date declined less than 4% from Q2 2016 to $415,525. Average sales price for the period increased 9.5% to $550,901.
- There were 162 closings during the period vs. 167 during Q2 2016.
- Months-of-supply at the end of the second quarter stands at 8.6 months, an increase of 15% over Q2 2016.