Monthly Market Report (Month Ending May 2019)
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.
Since 2001, Casablanca Homes has been building custom homes throughout Southwest Florida--Price from the high $200s.
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