Second Quarter Market Report
Naples, Bonita Springs, Estero & Marco Island
With 4,539 closings reported in the second quarter, sales for the combined Naples, Marco Island, and Bonita-Estero were up 4.6% compared to the same period last year of 4,338 sales. Second Quarter condominium sales were up across the board, except for Marco Island where Q2 condo sales were down. Single family sales were up in all markets except Bonita-Estero where sales were unchanged from last year. Sales for both condominiums and single family homes over the past twelve months were up in all markets, with the exception of Marco Island where condominium sales were static.
Click on either of links below to view the Second Quarter 2019 Market Report for NA-BN-ES-MI
Supply & Demand
Bonita-Estero posted decreases in months of supply for both condominiums and single family homes. Marco Island showed increases for both product types. Naples posted an increase in months of supply for the single family category. Condominiums remained static with last year.
The median price for homes sold over the past twelve months show increases across the board. Single family homes, however, in Naples and Bonita-Estero posted decreases.
In summary, with 6.37 months of inventory, the market continues to reflect a balance between supply and demand. The overall listing inventory and pace of sales remain on track with those of last year, with some level of variation by market area and product type.
This is to be expected in a stable market that, overall, can neither be defined as a buyer’s market nor seller’s market.