MONTHLY MARKET REPORTFEBRUARY 2023
A LOCAL LEGACY OF
IN WRITTEN SALES VOLUME $5.8B+ LOCATIONS FROM MARCO ISLAND TO PINE ISLAND 23 AGENTS THROUGHOUT SOUTHWEST FL 800+ AMONG REAL TRENDS TOP 500 BROKERS (2021) #54 YEAR ESTABLISHED BY VISIONARY JOHN R. WOOD 1958 HEADQUARTERED IN NAPLES, FLORIDA INDEPENDENTLY OWNED & OPERATED; NOT A FRANCHISE NAPLES, FL
ACHIEVEMENT
1 Southwest Florida 2 Naples 3 Marco Island 6 Bonita-Estero 8 Fort Myers 10 Fort Myers Beach 12 Sanibel & Captiva Islands 14 Cape Coral 16 Pine Island 18
FEBRUARY 2023
MONTHLY MARKET REPORT
SOUTHWEST FLORIDA
MARKET REPORT - FEBRUARY 2023
Data Represented on 12-Month Rolling Basis.
12 MONTH NEW LISTING AND CLOSED SALES
12 MONTH AVERAGE SALES PRICE
SUMMARY
With 26,444 properties sold, sales were down 30.84% from the preceding 12-month period when 38,237 properties were sold. New listings were down 1.67%, from 35,861 to 35,262. The average sales price was up 22.36%, from $655,854 to $802,511. As of February 28, 2023, inventory stood at 6,784 units while months of supply was 3.08 months.
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0 10,000 20,000 30,000 40,000 50,000 2023 2022 2021 2020 2019 2018 2017 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 $650,000 $700,000 2023 2022 2021 2020 2019 2018 2017 $750,000 $800,000 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. Statistics include Naples, Bonita, Estero, Fort Myers (excluding North and East Fort Myers), Fort Myers Beach, Cape Coral, Sanibel-Captiva Islands, Pine Island, Matlacha, Marco Island. 35,262 1.67% 6,784 221.97% 3.08 365.56% 26,444 30.84% $802,511 22.36% 2017 2018 2019 2020 2021 2022 2023 Listed 42,591 41,655 44,097 41,244 36,836 35,861 35,262 Sold 24,139 24,782 25,787 28,148 33,959 38,237 26,444 Avg. Sale $ $411,684 $438,349 $448,925 $447,389 $539,022 $655,854 $802,511 NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $ New Listings Average Sales Price Closed Sales
MARKET REPORT - FEBRUARY 2023
12 MONTH NEW LISTING AND CLOSED SALES
12 MONTH AVERAGE SALES PRICE
SUMMARY
With 10,239 properties sold, sales were down 32.59% from the preceding 12-month period when 15,190 properties were sold. New listings were down 3.31%, from 13,742 to 13,287. The average sales price was up 26.69%, from $858,833 to $1,088,075. As of February 28, 2023, inventory stood at 2,744 units while months of supply was 3.22 months.
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NAPLES
13,287 3.31% 2,744 211.46% 3.22 362.07% 10,239 32.59% $1,088,075 26.69% 2017 2018 2019 2020 2021 2022 2023 Listed 15,523 14,726 15,771 15,090 14,609 13,742 13,287 Sold 8,948 9,232 9,485 10,550 13,387 15,190 10,239 Avg. Sale $ $548,857 $604,329 $618,708 $608,014 $730,321 $858,833 $1,088,075 0 4,000 8,000 12,000 16,000 20,000 2023 2022 2021 2020 2019 2018 2017 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 2023 2022 2021 2020 2019 2018 2017 $1,100,000 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. Statistics include Naples, Golden Gate, Golden Gate Estates, and Ave Maria areas. NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $ New Listings Average Sales Price Closed Sales
Neighborhood Snapshot Report©
4 NAPLES MARKET REPORT - FEBRUARY 2023 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.
12-Month Sold Comparison Report for Select Communities Monthly Snapshot as of February 28, 2023 Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Aqualane Shores 29 18 19.33 $8,797,778 Audubon 10 23 5.22 $2,347,674 Colliers Reserve 4 10 4.80 $2,535,500 Crayton Road Area Non-Waterfront 81 104 9.35 $3,840,570 Crayton Road Area Waterfront 26 15 20.80 $6,988,000 Crossings 2 10 2.40 $1,399,175 Esplanade 15 52 3.46 $1,740,974 Grey Oaks 9 40 2.70 $4,578,650 Isles of Collier Preserve 28 41 8.20 $2,106,935 Kensington 3 23 1.57 $1,357,833 Lely Resort 17 107 1.91 $1,411,624 Mediterra 15 37 4.86 $3,649,230 Monterey 3 17 2.12 $1,321,824 Olde Cypress 2 34 0.71 $1,643,206 Olde Naples 45 60 9.00 $7,642,815 Pelican Bay 11 32 4.13 $4,393,286 Pelican Bay - Bay Colony 4 6 8.00 $6,747,000 Pelican Marsh 7 34 2.47 $2,111,809 Pine Ridge 20 32 7.50 $5,697,906 Port Royal 25 24 12.50 $19,701,045 Quail Creek 7 26 3.23 $2,223,723 Quail West 18 41 5.27 $4,273,543 The Quarry 3 33 1.09 $1,612,044 Riverstone 8 46 2.09 $1,217,965 Royal Harbor 19 22 10.36 $5,334,342 The Strand 13 0.00 $1,072,846 Tiburon 4 7 6.86 $3,094,429 Treviso Bay 4 24 2.00 $1,906,854 Vanderbilt Beach 32 27 14.22 $3,907,744 Vineyards 8 59 1.63 $1,322,572
Neighborhood Snapshot Report©
12-Month Sold Comparison Report for Select Communities
5 NAPLES MARKET REPORT - FEBRUARY 2023 Condominiums Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Crayton Road Area Non-Waterfront 35 109 3.85 $737,157 Crayton Road Area Waterfront 81 197 4.93 $2,548,186 The Dunes 15 30 6.00 $2,040,826 Esplanade 10 39 3.08 $667,608 Grey Oaks 0 13 $1,988,077 Isles of Collier Preserve 14 54 3.11 $867,284 Kensington 4 17 2.82 $831,882 Lely Resort 28 154 2.18 $556,393 Mediterra 4 26 1.85 $1,487,846 Olde Naples 44 121 4.36 $1,639,532 Pelican Bay 71 228 3.74 $1,680,371 Pelican Bay - Bay Colony 3 19 1.89 $4,856,712 Pelican Marsh 6 61 1.18 $808,279 Pine Ridge 3 16 2.25 $375,159 The Quarry 1 21 0.57 $711,043 The Strand 11 59 2.24 $552,655 Tiburon 8 26 3.69 $1,350,942 Treviso Bay 19 63 3.62 $588,516 Vanderbilt Beach 27 80 4.05 $1,436,550 Vineyards 15 100 1.80 $639,471
Monthly Snapshot
The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.
as of February 28, 2023
SUMMARY
With 769 properties sold, sales were down 44.87% from the preceding 12-month period when 1,395 properties were sold. New listings were down 2.17%, from 1,246 to 1,219. The average sales price was up 28.39%, from $1,110,589 to $1,425,913. As of February 28, 2023, inventory stood at 387 units while months of supply was 6.04 months.
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MARKET
- FEBRUARY
0 500 1,000 1,500 2,000 2023 2022 2021 2020 2019 2018 2017 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 $1,100,000 2023 2022 2021 2020 2019 2018 2017 $1,200,000 $1,300,000 $1,400,000 12 MONTH NEW LISTING AND CLOSED SALES
MARCO ISLAND
REPORT
2023
12 MONTH AVERAGE SALES PRICE
1,219 2.17% 387 245.54% 6.04 526.82% 769 44.87% $1,425,913 28.39% 2017 2018 2019 2020 2021 2022 2023 Listed 1,453 1,302 1,469 1,337 1,347 1,246 1,219 Sold 762 755 790 866 1,264 1,395 769 Avg. Sale $ $736,918 $727,945 $804,997 $733,378 $865,392 $1,110,589 $1,425,913 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. Statistics include Marco Island and Key Marco. New Listings Average Sales Price Closed Sales NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
Neighborhood Snapshot Report©
7 MARCO ISLAND MARKET REPORT - FEBRUARY 2023 Island Proximity Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Fiddler's Creek 24 106 2.72 $1,722,696 Isles Of Capri 10 20 6.00 $1,421,650 Naples Reserve 23 52 5.31 $1,346,699 Winding Cypress 6 24 3.00 $928,554 Island Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Direct Waterfront 67 91 8.84 $3,280,090 Golf Course 83 111 8.97 $2,066,894 Gulf Front 9 7 15.43 $1,077,571 Indirect Waterfront 35 95 4.42 $1,056,695 Inland 3 7 5.14 $2,333,571 Preserve 0 2 $10,687,500 Island Proximity Condominiums Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Fiddler's Creek 30 78 4.62 $693,343 Hammock Bay Golf and Country Club 19 32 7.13 $815,919 Isles Of Capri 2 7 3.43 $622,000 Island Condominiums Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Direct Waterfront 86 162 6.37 $1,380,525 Golf Course 35 104 4.04 $711,480 Gulf Front 8 25 3.84 $644,380 Gulf View 30 119 3.03 $428,072 Indirect Waterfront 8 5 19.20 $680,180 Inland 22 28 9.43 $1,297,572 Preserve 1 6 2.00 $1,369,167 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. Statistics include Marco Island and Key Marco.
Sold Comparison
Communities
Snapshot
12-Month
Report for Select
Monthly
as of February 28, 2023
BONITA SPRINGS - ESTERO
MARKET REPORT - FEBRUARY 2023
12 MONTH NEW LISTING AND CLOSED SALES
12 MONTH AVERAGE SALES PRICE
SUMMARY
With 3,051 properties sold, sales were down 29.15% from the preceding 12-month period when 4,306 properties were sold. New listings were down .18%, from 3,834 to 3,827. The average sales price was up 25.63%, from $571,163 to $717,534. As of February 28, 2023, inventory stood at 643 units while months of supply was 2.53 months.
8 0 1,000 2,000 3,000 4,000 5,000 2023 2022 2021 2020 2019 2018 2017 $350,000 $400,000 $450,000 $500,000 $550,000 $600,000 2023 2022 2021 2020 2019 2018 2017 $650,000 $700,000
3,827 0.18% 643 215.20% 2.53 344.85% 3,051 29.15% $717,534 25.63% 2017 2018 2019 2020 2021 2022 2023 Listed 4,895 4,563 4,900 4,586 4,198 3,834 3,827 Sold 2,915 2,897 3,076 3,257 4,001 4,306 3,051 Avg. Sale $ $401,059 $409,289 $408,360 $409,896 $459,368 $571,163 $717,534 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. New Listings Average Sales Price Closed Sales NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
BONITA SPRINGS - ESTERO
Neighborhood Snapshot Report©
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MARKET REPORT - FEBRUARY 2023 Condominiums Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Barefoot Beach 2 7 3.43 $2,656,429 Bonita Bay 39 126 3.71 $1,671,298 The Brooks 22 99 2.67 $502,118 Palmira Golf and Country Club 3 17 2.12 $643,018 Pelican Landing 7 56 1.50 $555,529 Pelican Landing - The Colony 26 53 5.89 $1,405,291 Pelican Sound 3 35 1.03 $563,589 West Bay Club 7 19 4.42 $1,028,837 Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Barefoot Beach 6 16 4.50 $7,212,500 Bonita Bay 12 42 3.43 $2,196,399 The Brooks 6 74 0.97 $1,383,439 Palmira Golf and Country Club 6 26 2.77 $1,011,717 Pelican Landing 5 44 1.36 $1,389,210 Pelican Landing - The Colony 1 6 2.00 $2,655,833 Pelican Sound 0 8 $1,079,276 West Bay Club 6 19 3.79 $1,511,815 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.
12-Month Sold Comparison Report for Select Communities Monthly Snapshot as of February 28, 2023
FORT MYERS
SUMMARY
With 5,447 properties sold, sales were down 27.43% from the preceding 12-month period when 7,506 properties were sold. New listings were down 3.56%, from 6,974 to 6,726. The average sales price was up 25.61%, from $394,183 to $495,141. As of February 28, 2023, inventory stood at 1,014 units while months of supply was 2.23 months.
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0 2,000 4,000 6,000 8,000 10,000 12,000 2023 2022 2021 2020 2019 2018 2017 $225,000 $250,000 $275,000 $300,000 $325,000 $350,000 $375,000 $400,000 2023 2022 2021 2020 2019 2018 2017 $425,000 $450,000 $475,000 $500,000 12 MONTH NEW LISTING AND CLOSED SALES
MARKET REPORT - FEBRUARY 2023
12 MONTH AVERAGE SALES PRICE
6,726 3.56% 1,014 297.65% 2.23 447.96% 5,447 27.43% $495,141 25.61% 2017 2018 2019 2020 2021 2022 2023 Listed 11,019 10,979 11,353 10,094 7,281 6,974 6,726 Sold 5,258 5,314 5,652 6,130 6,692 7,506 5,447 Avg. Sale $ $260,890 $265,370 $274,530 $279,027 $325,395 $394,183 $495,141 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. Statistics exclude North Fort Myers and East Fort Myers areas. New Listings Average Sales Price Closed Sales NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
Neighborhood Snapshot Report©
11 FORT MYERS MARKET REPORT - FEBRUARY 2023 Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Belle Lago 6 26 2.77 $1,013,665 Colonial Country Club 9 35 3.09 $597,991 Crown Colony 2 17 1.41 $859,706 Esplanade Lake Club 9 19 5.68 $1,239,377 Fiddlesticks Country Club 10 22 5.45 $947,591 The Forest 4 30 1.60 $713,667 Gulf Harbour Yacht And Country Club 9 30 3.60 $1,666,763 Miromar Lakes Beach And Golf Club 12 41 3.51 $2,344,065 Parker Lakes 3 25 1.44 $468,773 Paseo 5 16 3.75 $994,744 The Plantation 18 106 2.04 $726,070 Shadow Wood Preserve 1 5 2.40 $1,289,000 Town And River 10 23 5.22 $915,609 Wildblue 19 127 1.80 $1,359,524 Condominiums Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Colonial Country Club 6 66 1.09 $343,502 Crown Colony 1 13 0.92 $453,154 Downtown Fort Myers 58 146 4.77 $463,793 Esplanade Lake Club 2 1 24.00 $535,000 Fiddlesticks Country Club 2 8 3.00 $339,813 The Forest 9 32 3.38 $273,734 Gulf Harbour Yacht And Country Club 18 95 2.27 $806,867 Miromar Lakes Beach And Golf Club 5 33 1.82 $960,018 Parker Lakes 4 39 1.23 $323,614 Paseo 9 92 1.17 $399,631 The Plantation 5 22 2.73 $542,468 Shadow Wood Preserve 0 4 $396,000 Town And River 2 6 4.00 $333,921 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.
12-Month Sold Comparison Report for Select Communities Monthly Snapshot as of February 28, 2023
FORT MYERS BEACH
MARKET REPORT - FEBRUARY 2023
12 MONTH NEW LISTING AND CLOSED SALES
12 MONTH AVERAGE SALES PRICE
SUMMARY
With 378 properties sold, sales were down 37.67% from the preceding 12-month period when 606 properties were sold. New listings were up 9.41%, from 595 to 651. The average sales price was up 23.70%, from $768,129 to $950,145. As of February 28, 2023, inventory stood at 167 units while months of supply was 5.30 months.
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0 200 400 600 800 1,000 2023 2022 2021 2020 2019 2018 2017 $400,000 $500,000 $600,000 $700,000 $800,000 2023 2022 2021 2020 2019 2018 2017 $900,000 $1,000,000
651 9.41% 167 227.45% 5.30 424.96% 378 37.62% $950,145 23.70% 2017 2018 2019 2020 2021 2022 2023 Listed 668 680 704 696 614 595 651 Sold 364 409 423 425 550 606 378 Avg. Sale $ $546,373 $504,883 $512,033 $554,965 $616,030 $768,129 $950,145 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. New Listings Average Sales Price Closed Sales NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
FORT MYERS BEACH
Neighborhood Snapshot Report©
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MARKET REPORT - FEBRUARY 2023 Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Fairview Isles 11 19 6.95 $1,079,474 Laguna Shores 11 14 9.43 $990,143 Mcphie Park 9 5 21.60 $1,647,500 Condominiums Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Carlos Pointe 4 3 16.00 $705,500 Ocean Harbor Condo 1 5 2.40 $992,580 Sandarac Condo 2 4 6.00 $650,250 Waterside At Bay Beach 14 16 10.50 $994,588 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.
12-Month Sold Comparison Report for Select Communities Monthly Snapshot as of February 28, 2023
SANIBEL-CAPTIVA
MARKET REPORT - FEBRUARY 2023
SUMMARY
With 360 properties sold, sales were down 50.48% from the preceding 12-month period when 727 properties were sold. New listings were up 5.48%, from 566 to 597. The average sales price was up 24.44%, from $1,284,292 to $1,598,179. As of February 28, 2023, inventory stood at 196 units while months of supply was 6.53 months.
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0 200 400 600 800 1,000 2023 2022 2021 2020 2019 2018 2017 $500,000 $750,000 $1,000,000 $1,250,000 $1,500,000 $1,750,000 2023 2022 2021 2020 2019 2018 2017 12 MONTH NEW LISTING AND CLOSED SALES
12 MONTH AVERAGE SALES PRICE
597 5.48% 196 402.56% 6.53 914.90% 360 50.48% $1,598,179 24.44% 2017 2018 2019 2020 2021 2022 2023 Listed 618 657 712 721 671 566 597 Sold 382 408 396 428 627 727 360 Avg. Sale $ $965,860 $966,708 $1,000,067 $923,679 $996,857 $1,284,292 $1,598,179 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. New Listings Average Sales Price Closed Sales NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
Neighborhood Snapshot Report©
12-Month Sold Comparison Report for Select Communities
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Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Beachview Country Club Estates 4 9 5.33 $1,477,217 Captiva Island 15 41 4.39 $3,358,695 Dunes At Sanibel Island 13 20 7.80 $1,139,406 Other Sanibel Island Single-Family 102 159 7.70 $1,518,871 Condominiums Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Captiva Island 8 19 5.05 $963,843 Sundial Of Sanibel Condos 44 99 5.33 $1,212,182 Other Sanibel Island Condos 10 12 10.00 $894,625 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.
SANIBEL-CAPTIVA MARKET REPORT - FEBRUARY 2023
Monthly
Snapshot as of February 28, 2023
12 MONTH NEW LISTING AND CLOSED SALES
12 MONTH AVERAGE SALES PRICE
SUMMARY
With 5,991 properties sold, sales were down 26.36% from the preceding 12-month period when 8,135 properties were sold. New listings were up 1.37%, from 8,529 to 8,646. The average sales price was up 18.27%, from $426,513 to $504,447. As of February 28, 2023, inventory stood at 1,551 units while months of supply was 3.11 months.
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CAPE CORAL MARKET REPORT - FEBRUARY 2023
8,646 1.37% 1,551 232.83% 3.11 351.94% 5,991 26.36% $504,447 18.27% 2017 2018 2019 2020 2021 2022 2023 Listed 8,021 8,376 8,773 8,362 7,753 8,529 8,646 Sold 5,510 5,739 5,721 6,257 7,152 8,135 5,991 Avg. Sale $ $246,143 $266,564 $274,262 $285,086 $326,032 $426,513 $504,447 0 2,000 4,000 6,000 8,000 10,000 2023 2022 2021 2020 2019 2018 2017 $150,000 $200,000 $250,000 $300,000 $350,000 $400,000 $450,000 2023 2022 2021 2020 2019 2018 2017 $500,000 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. New Listings Average Sales Price Closed Sales NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
Neighborhood Snapshot Report©
17 CAPE CORAL MARKET REPORT - FEBRUARY 2023 Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Cape Harbour 3 9 4.00 $2,169,444 Cape Royal 6 25 2.88 $809,088 Yacht Club 8 22 4.36 $897,291 Condominiums Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Cape Harbour 15 26 6.92 $655,969 Tarpon Point Marina 18 16 13.50 $1,337,188 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.
12-Month Sold Comparison Report for Select Communities Monthly Snapshot as of February 28, 2023
PINE ISLAND-MATLACHA
MARKET REPORT - FEBRUARY 2023
SUMMARY
With 209 properties sold, sales were down 43.82% from the preceding 12-month period when 372 properties were sold. New listings were down 17.60%, from 375 to 309. The average sales price was up 28.46%, from $526,684 to $676,599. As of February 28, 2023, inventory stood at 82 units while months of supply was 4.71 months.
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309 17.60% 82 4.71 209 43.82% $676,599 28.46% 2017 2018 2019 2020 2021 2022 2023 Listed 394 372 415 358 363 375 309 Sold 225 207 244 235 286 372 209 Avg. Sale $ $300,992 $336,161 $338,589 $353,277 $429,606 $526,684 $676,599 0 100 200 300 400 500 2023 2022 2021 2020 2019 2018 2017 12
$500,000 $200,000 $300,000 $400,000 $600,000 $700,000 2023 2022 2021 2020 2019 2018 2017 12 MONTH AVERAGE SALES PRICE The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. New Listings Average Sales Price Closed Sales NEW LISTINGS CURRENT INVENTORY MONTHS OF SUPPLY CLOSED SALES SOLD AVERAGE SALES PRICE $
MONTH NEW LISTING AND CLOSED SALES
Neighborhood Snapshot Report©
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Single Family Homes Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Bokeelia 32 82 4.68 $583,804 Matlacha 9 20 5.40 $921,570 St James City 35 92 4.57 $745,497 Condominiums & Attached Available Inventory Closed Past 12 Months Months of Supply Average Closed Price Bokeelia 4 11 4.36 $407,318 Matlacha 0 1 $995,000 St James City 3 4 6.00 $367,425 The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2023, and the proprietary compilation of that data by John R. Wood Christie’s International Real Estate, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.
PINE ISLAND-MATLACHA MARKET REPORT - FEBRUARY 2023
12-Month Sold Comparison Report for Select Communities Monthly Snapshot as of February 28, 2023
20 Celebrating 6 5 Years Serving Southwest Florida Founded in 1958, John R. Wood Properties is Southwest Florida’s longest running active real estate brokerage, widely recognized for our local expertise and legendary service. Contact us to market your home today | JohnRWood.com | (239) 262-1900 THE UNRIVALED LEADER IN REAL ESTATE A lasting legacy of leadership.
