Bring Your Highest Expectations™

FOURTH QUARTER MARKET REVIEW FOR 2018

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

John R. Wood Properties, Bring Your Highest Expectations.“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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 North Fort Myers.

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

Year-over-year closed sales were up 5.8% from 224 to 237, while fourth quarter sales were flat with 2017 at 35.

The median annual sale price for 2018 increased 3.3% from $770,625 to $796,000, while the average sale price rose 2.1% from $1,091,076 to $1,114,206

Condominiums

The number of annual sales declined 7.6% from 172 to 159 sales, while fourth quarter sales were down 48.8% from 41 to 21.

At $641,250, the year-over-year median sale price increased 14%. The average sale price grew 5.9% over the same period from $688,495 to $729,415.

FORT MYERS

Single Family Homes

Annual sales for 2018 grew 6.3% from 2,365 to 2,513. Fourth quarter sales were up 8.9% from 517 to 563.

The year-over-year median sale price increased 3.7% from $295,158 to $306,000. The average sale price was static with 2017 at $358,653.

Condominiums

Year-over-year closed sales grew 6.8% from 2,862 to 3,058. Fourth quarter sales were down 6% from 650 to 611.

At $171,545, the median annual sale price grew 2.2% from $167,871. The average sale price grew 3.2% from $193,247 to $199,354.

FORT MYERS BEACH

Single Family Homes

Closed sales in 2018 grew 15.8% from 120 to 139. Sales in the fourth quarter posted a 29.6% decrease from 27 to 19 sales.

Posting a 15% decrease, the median annual sale price for 2018 was $534,188 compared to $628,500 in 2017. The average annual sale price decreased 9.9% from $814,121 to $733,246.

Condominiums

At 286, the number of annual closed sales was static with 2017. Fourth quarter sales grew 26.5% from 49 to 62.

The median annual sale price increased 5.5% from $368,625 to $388,875, while the annual average sale price was static with 2017 at $412,534.

CAPE CORAL

Single Family Homes

With 5,104 sales posted in 2018, a 3.3% increase was realized over the 4,939 sales posted in 2017. Fourth quarter sales were down 7.2% from 1,150 to 1,067.

The median annual sale price increased by 8.4%, from $227,013 to $246,100. The annual average sale price rose 7.3% from $276,511 to $296,694.

Condominiums

Sales for 2018 were down 2.2%, from 681 to 666. Fourth quarter sales were down 27.3% from 161 to 117.

At $157,190, the median annual sale price for 2018 was static with that of 2017. The average annual sale price was $204,881, up 12.6% from $181,891.

John R. Wood Properties, Bring Your Highest Expectations.“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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 North Fort Myers.

Bring Your Highest Expectations™

SANIBEL/CAPTIVA

CONDOMINIUMS

SINGLE FAMILY HOMES

2014

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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

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Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

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$560,000

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Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales PriceQuarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales PriceQuarterly 12 Month Rolling Average Closed Sales

John R. Wood Properties, Bring Your Highest Expectations.“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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 North Fort Myers.

Bring Your Highest Expectations™

FORT MYERS

CONDOMINIUMS

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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

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$155,000

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$185,000

$190,000

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Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales PriceQuarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales PriceQuarterly 12 Month Rolling Average Closed Sales

John R. Wood Properties, Bring Your Highest Expectations.“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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 North Fort Myers.

Bring Your Highest Expectations™

FORT MYERS BEACH

CONDOMINIUMS

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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

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Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales PriceQuarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales PriceQuarterly 12 Month Rolling Average Closed Sales

John R. Wood Properties, Bring Your Highest Expectations.“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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 North Fort Myers.

Bring Your Highest Expectations™

CAPE CORAL

CONDOMINIUMS

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

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Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

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Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales PriceQuarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales PriceQuarterly 12 Month Rolling Average Closed Sales