Bring Your Highest Expectations MONTHLY MARKET REPORT FOR FEBRUARY Naples / Bonita Springs / Estero / Marco Island Market Area

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1 Bring Your Highest Expectations MONTHLY MARKET REPORT FOR FEBRUARY Naples / Bonita Springs / Estero / Marco Island Market Area

2 NAPLES, BONITA SPRINGS AND ESTERO Closed Sales During the 12 months ending February 28,, the Naples, Bonita Springs and Estero market had a total of 11,689 closings, 9% lower than the prior 12-month period. The number of closed sales year-to-date increased 7% over with 1,653 closings vs. 1,546 in. During the first two months of, closings for properties priced above $2 million were down 10% from the same period a year ago. During the past 12 months, the number of closings in this price category were down 22%. New Listings/Inventory Available inventory on March 1, for the combined Naples, Bonita Springs and Estero market consisted of 8,099 units, an increase of 18% over the prior year. During the 12 months ending February 28,, there were a total of 20,173 new listings added to the market, representing a 4% increase over the same period in. Average and Median Sales Price Average price of closed sales during February was 3% lower year-over-year, while the median price was relatively stable, posting a 1% decline. Average sales price year-to-date is $538,275, a decrease of 8% from the same period in. Median sales price remained stable with less than a 2% increase ($319,000 vs. $325,000). MARCO ISLAND Closed Sales During the 12 months ending February 28,, the Marco Island area had 857 closings, down 9% from the prior year. Year-to-date closings are up 12% from with 133 closed sales vs. 119 for the same period in. New Listings/Inventory Available inventory on March 1, increased by 25 units over February supply (808 units vs. 783). During the 12 months ending February 28, there were a total of 1,428 new listings added to the Marco Island market. The supply of new listings is unchanged from the same period last year when there were 1,452 new listings added. Average and Median Sales Price The average sales price of February closings increased 3% over February, and median price was up almost 4% for the period. Average sales price year-to-date through February increased slightly to $842,000 up from $750,500 in. *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. 1

3 NEW LISTINGS / UNITS 12-Month Comparisons 30,000 27,000 24,000 21,000 18,000 15,000 NAPLES, BONITA SPRINGS AND ESTERO NEW LISTINGS , , , , , , , ,173 12,000 9,000 6,000 3, UNITS , , , , , , , ,689 2,000 1,800 1,600 1,400 1,200 1, MARCO ISLAND NEW LISTINGS , , , , , , , ,428 UNITS ,

4 SALES PRICE 12-Month Comparisons $550,000 $520,000 $490,000 NAPLES, BONITA SPRINGS AND ESTERO $529k $514k $460,000 $478k $430,000 $449k $400,000 $370,000 $340,000 $359k $366k $386k $310,000 $340k $280,000 $250, $800,000 $750,000 $700,000 $650,000 MARCO ISLAND $728k $757k $600,000 $550,000 $597k $621k $652k $500,000 $450,000 $532k $531k $553k $400,000 $350,000 $300,000 $250,

5 Neighborhood Snapshot Report Naples, Bonita Springs and Estero Market Area 12-Month Sold Comparison Report for Select Communities SINGLE FAMILY HOMES March 1, PAST 12 PRICE Aqualane Shores $4,335,258 Audubon Country Club $910,599 Barefoot Beach $4,220,385 Bonita Bay $1,070,270 The Brooks $772,194 Collier s Reserve $1,304,667 Sands Non-Waterfront $1,722,681 Sands Waterfront $3,161,154 The Crossings $738,125 Grey Oaks $2,522,477 Kensington $922,044 Lely Resort $686,336 Mediterra $2,094,601 Monterey $746,286 Olde Cypress $780,194 Old Naples $3,216,838 Palmira Golf and Country Club $656,391 Pelican Bay $1,505,541 Pelican Bay (Bay Colony) $3,909,663 Pelican Landing $831,411 Pelican Landing (The Colony) $1,479,711 Pelican Marsh $1,233,372 Pelican Sound $630,455 Pine Ridge $1,287,390 Port Royal $7,588,967 Quail Creek $946,813 Quail West $1,910,814 Royal Harbor $2,067,625 Tiburon $2,616,667 Vanderbilt Beach $2,167,276 The Vineyards $666,294 West Bay Club $1,047,188 4

6 Neighborhood Snapshot Report Naples, Bonita Springs and Estero Market Area 12-Month Sold Comparison Report for Select Communities CONDOMINIUMS March 1, PAST 12 PRICE Audubon Country Club $748,750 Barefoot Beach $993,708 Bonita Bay $631,921 The Brooks $286,444 Sands Non-Waterfront Sands Waterfront $377, $1,260,902 The Dunes $1,094,605 Grey Oaks $931,767 Kensington $443,078 Lely Resort $317,444 Mediterra $562,273 Monterey $292,500 Olde Cypress $415,150 Old Naples $684,011 Palmira Golf and Country Club $346,894 Pelican Bay $916,508 Pelican Bay (Bay Colony) $3,505,455 Pelican Landing $354,593 Pelican Landing (The Colony) $959,809 Pelican Marsh $438,654 Pelican Sound $313,257 Pine Ridge $211,518 Tiburon $895,900 Vanderbilt Beach $851,032 The Vineyards $339,044 West Bay Club $414,670 5

7 Island Snapshot Report Marco Island 12-Month Sold Comparison Report SINGLE FAMILY HOMES March 1, PAST 12 PRICE Direct Waterfront $1,486,907 Indirect Waterfront $849,467 Golf Course $488,667 Beachfront $5,350,000 Inland $492,540 Preserve $1,481,100 CONDOMINIUMS March 1, PAST 12 PRICE Direct Waterfront $353,207 Indirect Waterfront $444,160 Golf Course $708,500 Beachfront $826,728 Gulf View $800,385 Inland $238,145 Preserve $407,625 Definitions Direct Waterfront Indirect Waterfront Golf Course Beachfront Gulf View Inland Preserve Properties with Direct Water access indicates there are no bridges or the Marco Island High Span Bridge to navigate to open water. Properties with Indirect Water access indicates there is at least 1 bridge, not including the Marco Island High Span Bridge, to navigate to access open water. Properties with frontage on the Golf Course. Properties with direct views of the Gulf of Mexico and direct beachfront access. Properties with direct views of the Gulf of Mexico with NO direct beachfront access. Properties with inland similar housing views. Properties with views of a preserve or mangroves. 6 The source of this real property information is the copyrighted and proprietary database compilation of Marco Island MLS, Copyright, 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.