Bring Your Highest Expectations™

SECOND QUARTER MARKET REVIEW FOR 2018

Sanibel and Captiva Islands / Fort Myers / Fort Myers Beach / Cape Coral

Bring Your Highest Expectations™

John R. Wood Properties, Bring Your Highest Expectations.

The pricing metric used in these reports is the quarter over quarter rolling 12 month median and average price. The reason behind using these numbers is to show overall pricing trends as they have changed from the same quarter in the prior year.

SANIBEL/CAPTIVA ISLANDS

Single Family Homes

The Quarter over Quarter (QoQ) rolling 12 month median price was up 5.2% from last year at $811,000, while the QoQ rolling 12 month average price increased 4.9% to $1,189,321.

The number of closings in Q2 increased 16.5% to 92 compared to 79 for Q2 2017.

Condominiums

The QoQ rolling 12 month median price was up 1.6% over last year at $597,250, while the QoQ rolling 12 month average price was up 10.7% over the same period last year at $727,585.

There were 58 closings during Q2, compared to 60 in Q2 2017.

FORT MYERS

Single Family Homes

The QoQ rolling 12 month median price was up 2.8% over last year at $298,500, while the QoQ rolling 12 month average price climbed 4.1% to $365,149.

The number of closings in Q2 increased 7.7% to 767 compared to 712 for Q2 2017.

Condominiums

The QoQ rolling 12 month median price was unchanged over last year at $168,250, while the QoQ rolling 12 month average price was up 1.6% over the same period last year at $195,527.

There were 951 closings during Q2, an increase of 12.7% over Q2 last year.

FORT MYERS BEACH

Single Family Homes

The QoQ rolling 12 month median price declined 8.3% from last year to $554,625 compared to $604,813 in the same period last year. The QoQ rolling 12 month average price was down 15% to $722,500.

The number of closings in Q2 increased 45.7% to 51 compared to 35 for Q2 2017.

Condominiums

The QoQ rolling 12 month median price was down 3.1% over last year at $355,625, while the QoQ rolling 12 month average price decreased 4.3% over the same period last year to $392,000.

There were 90 closings during Q2, compared to 97 in Q2 2017.

CAPE CORAL

Single Family Homes

The QoQ rolling 12 month median price increased 4.9% over last year to $232,763, while the QoQ rolling 12 month average price was up 4.6% to $281,661.

The number of closings in Q2 increased 6.2% to 1545 compared to 1455 for the period last year.

Condominiums

The QoQ rolling 12 month median price was up 12.4% over last year at $160,875, while the QoQ rolling 12 month average price increased 16.6% over the same period last year to $193,134. This increase is a result of a higher number of sales in Cape Harbour and Tarpon Point.

There were 197 closings during Q2, up 14.5% from Q2 2017.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, 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.”

Fort Myers data does not include Lehigh Acres or Notth Fort Myers

John R. Wood Properties, Bring Your Highest Expectations.

Bring Your Highest Expectations™

SANIBEL/CAPTIVA

CONDOMINIUMS

SINGLE FAMILY HOMES

2014

2014

2015

2015

2016

2016

2017

2017

2018

2018

Qua

rter

ly 1

2 M

onth

Mov

ing

Aver

age

Sale

s Pric

eQ

uart

erly

12

Mon

th M

ovin

g Av

erag

e Sa

les P

rice

Qua

rter

ly 1

2 M

onth

Mov

ing

Aver

age

Clo

sed

Sale

sQ

uart

erly

12

Mon

th M

ovin

g Av

erag

e C

lose

d Sa

les

Qua

rter

ly C

lose

d Sa

les

Qua

rter

ly C

lose

d Sa

les

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, 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.”

0

10

20

30

40

50

60

70

80

90

100

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

10

20

30

40

50

60

70

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

10

20

30

40

50

60

70

80

90

100

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

10

20

30

40

50

60

70

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$560,000

$580,000

$600,000

$620,000

$640,000

$660,000

$680,000

$700,000

$720,000

$740,000

$760,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales

Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Bring Your Highest Expectations™

John R. Wood Properties, Bring Your Highest Expectations.

FORT MYERS

CONDOMINIUMS

Qua

rter

ly 1

2 M

onth

Mov

ing

Aver

age

Sale

s Pric

eQ

uart

erly

12

Mon

th M

ovin

g Av

erag

e Sa

les P

rice

Qua

rter

ly 1

2 M

onth

Mov

ing

Aver

age

Clo

sed

Sale

sQ

uart

erly

12

Mon

th M

ovin

g Av

erag

e C

lose

d Sa

les

Qua

rter

ly C

lose

d Sa

les

Qua

rter

ly C

lose

d Sa

les

SINGLE FAMILY HOMESQuarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

2014

2014

2015

2015

2016

2016

2017

2017

2018

2018

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, 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.”

Fort Myers data does not include Lehigh Acres or Notth Fort Myers

0

100

200

300

400

500

600

700

800

900

1000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

100

200

300

400

500

600

700

800

900

1000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

100

200

300

400

500

600

700

800

900

1,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

100

200

300

400

500

600

700

800

900

1,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$270,000

$280,000

$290,000

$300,000

$310,000

$320,000

$330,000

$340,000

$350,000

$360,000

$370,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$155,000

$160,000

$165,000

$170,000

$175,000

$180,000

$185,000

$190,000

$195,000

$200,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

John R. Wood Properties, Bring Your Highest Expectations.

Bring Your Highest Expectations™

FORT MYERS BEACH

CONDOMINIUMS

SINGLE FAMILY HOMES

Qua

rter

ly 1

2 M

onth

Mov

ing

Aver

age

Sale

s Pric

eQ

uart

erly

12

Mon

th M

ovin

g Av

erag

e Sa

les P

rice

Qua

rter

ly 1

2 M

onth

Mov

ing

Aver

age

Clo

sed

Sale

sQ

uart

erly

12

Mon

th M

ovin

g Av

erag

e C

lose

d Sa

les

Qua

rter

ly C

lose

d Sa

les

Qua

rter

ly C

lose

d Sa

les

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

2014

2014

2015

2015

2016

2016

2017

2017

2018

2018

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, 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.”

0

10

20

30

40

50

60

70

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

20

40

60

80

100

120

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

10

20

30

40

50

60

70

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

20

40

60

80

100

120

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

$800,000

$900,000

$1,000,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$300,000

$320,000

$340,000

$360,000

$380,000

$400,000

$420,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

John R. Wood Properties, Bring Your Highest Expectations.

Bring Your Highest Expectations™

CAPE CORAL

CONDOMINIUMS

SINGLE FAMILY HOMES

2014

2014

2015

2015

2016

2016

2017

2017

2018

2018

Qua

rter

ly 1

2 M

onth

Mov

ing

Aver

age

Sale

s Pric

eQ

uart

erly

12

Mon

th M

ovin

g Av

erag

e Sa

les P

rice

Qua

rter

ly 1

2 M

onth

Mov

ing

Aver

age

Clo

sed

Sale

sQ

uart

erly

12

Mon

th M

ovin

g Av

erag

e C

lose

d Sa

les

Qua

rter

ly C

lose

d Sa

les

Qua

rter

ly C

lose

d Sa

les

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2018, and the proprietary compilation of that data by John R. Wood Properties, 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.”

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

50

100

150

200

250

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

0

50

100

150

200

250

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

$0

$50,000

$100,000

$150,000

$200,000

$250,000

Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales