The Wyka Team: Bonita & Estero, FL Market Report - September of 2013 by WykaTeam

Monthly Market Detail - September 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. September 2013

September 2012

Percent Change Year-over-Year

111

22.0%

Paid in Cash

-19.6%

New Pending Sales

127

134

-5.2%

New Listings

139

200

-30.5%

Median Sale Price

$287,000

$255,000

12.5%

Average Sale Price

$430,696

$309,198

39.3%

106

-31.1%

93.0%

90.8%

2.4%

Pending Inventory

261

(No Data)

N/A

Inventory (Active Listings)

817

1,147

-28.8%

Months Supply of Inventory

5.7

9.3

-39.2%

Closed Sales

Percent Change Year-over-Year

111 133 129 172 220 195 148 134 85 141 118 143 91

22.0% 29.1% 7.5% 14.7% 44.7% 8.9% -0.7% -3.6% -26.1% 21.6% 35.6% 88.2% -20.2%

Summary Statistics Closed Sales

Median Days on Market Average Percent of Original List Price Received

Month

Closed Sales The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors® and their clients should also be wary of month-to-month comparisons of Closed Sales because of potential seasonal effects.

Closed Sales

250

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

2013

200 150 100 50 0 J FMAM J J A S O N D J F MAM J J A S O N D J FMAM J J A S ON D J FMAM J J A S O N D J F MAM J J A S

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, October 21, 2013. Next data release is Wednesday, November 20, 2013.

Monthly Market Detail - September 2013 Single Family Homes Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month

Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.

Cash Sales

150

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

Cash Sales

Percent Change Year-over-Year

37 74 75 91 125 105 86 77 38 80 59 71 46

-19.6% 27.6% 8.7% 1.1% 40.4% -7.1% -15.7% -10.5% -55.3% 25.0% 13.5% 57.8% -22.0%

2012

2013

100 50 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales

Pct. of Closed Sales Paid in Cash

Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.

83%

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

33.3% 55.6% 58.1% 52.9% 56.8% 53.8% 58.1% 57.5% 44.7% 56.7% 50.0% 49.7% 50.5%

-34.1% -1.2% 1.1% -11.8% -3.0% -14.7% -15.1% -7.1% -39.5% 2.8% -16.3% -16.1% -2.3% 2013

73% 63% 53% 43% 33% 23% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Produced by Florida REALTORS速 with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Monday, October 21, 2013. Next data release is Wednesday, November 20, 2013.

New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale.

Pending Sales

300

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

New Pending Sales

Percent Change Year-over-Year

127 176 194 218 240 257 279 233 221 156 166 156 134

-5.2% 20.5% 78.0% 56.8% 70.2% 66.9% 48.4% 30.2% 39.9% 66.0% 48.2% 59.2% 39.6%

2012

2013

250 200 150 100 50 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

New Listings The number of properties put onto the market during the month Economists' note : In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really New Listings.

New Listings

400

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

New Listings

Percent Change Year-over-Year

139 180 181 203 208 214 235 282 357 210 243 281 200

-30.5% -18.9% -3.7% -22.8% -9.2% 13.8% -12.0% 21.6% 11.2% -12.5% -20.1% 15.6% -18.7% 2013

300 200 100 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.

Median Sale Price

$400K

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

Median Sale Price

Percent Change Year-over-Year

$287,000 $274,000 $280,000 $332,500 $320,000 $349,000 $287,200 $270,000 $280,000 $275,000 $238,000 $244,500 $255,000

12.5% 24.5% 8.3% 36.4% 20.8% 17.5% 0.8% 22.7% 4.2% 4.8% 14.4% -9.4% 27.2%

2012

2013

$350K $300K $250K $200K $150K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)

Average Sale Price

Economists' note : As noted above, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.

$510K

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

Average Sale Price

Percent Change Year-over-Year

$430,696 $361,255 $382,574 $475,498 $495,558 $467,993 $434,041 $449,971 $397,134 $402,551 $313,394 $339,867 $309,198

39.3% 22.8% -11.0% 30.6% 13.7% 1.3% -8.7% 33.6% 3.0% -4.8% -24.0% -28.2% -6.7% 2013

$460K $410K $360K $310K $260K $210K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Median Days on Market The median number of days that properties sold during the month were on the market Economists' note : Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market.

Median Days on Market

150

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

Median Days on Market

Percent Change Year-over-Year

73 108 106 126 110 99 115 95 107 104 111 117 106

-31.1% 12.5% -2.8% 13.5% -10.6% -13.2% 3.6% -20.8% 0.9% 13.0% -19.6% -10.0% 0.0%

2012

2013

100 50 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month

Avg. Pct. of Orig. List Price Received

Economists' note : The Average Percent of Original List Price Received is an indicator of market conditions, in that in a recovering market, the measure rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market that has shifted from down to up, and is another lagging indicator.

100%

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

Avg. Pct. of Orig. List Price Received

Percent Change Year-over-Year

93.0% 94.1% 91.5% 92.3% 91.1% 91.9% 92.4% 90.5% 92.3% 91.4% 92.6% 92.0% 90.8%

2.4% 2.3% 1.2% 0.9% 0.2% 2.0% 1.9% -0.3% 1.4% -1.2% 2.8% 2.0% -0.4% 2013

95% 90% 85% 80% 75% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Inventory (Active Listings) The number of property listings active at the end of the month

Economists' note : There are a number of ways to calculate Inventory, so these numbers may not match up to others you see in your market. We calculate Inventory by counting the number of active listings on the last day of the month, and hold this number to compare with the same month the following year.

2,600

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

Inventory

Percent Change Year-over-Year

817 792 893 944 1,034 1,120 1,205 1,285 1,257 1,207 1,147 1,160 1,147

-28.8% -32.9% -26.1% -25.3% -21.8% -18.4% -16.7% -13.0% -17.4% -20.0% -23.6% -17.5% -16.5%

2012

2013

Inventory

2,100 1,600 1,100 600 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

Economists' note : This is an indicator of the state of the market, whether it is a buyers' market or a sellers' market. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 Months of Inventory. Higher numbers indicate a buyers' market, lower numbers a sellers' market.

Months Supply of Inventory

34.0

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

Months Supply

Percent Change Year-over-Year

5.7 5.6 6.4 6.8 7.5 8.5 9.2 9.9 9.6 9.1 8.7 9.0 9.3

-39.2% -41.1% -34.6% -35.2% -31.1% -25.8% -23.9% -21.4% -26.9% -31.2% -34.5% -28.3% -25.1% 2013

29.0 24.0 19.0 14.0 9.0 4.0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Closed Sales by Sale Price

The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors® and their clients should also be wary of month-to-month comparisons of Closed Sales because of potential seasonal effects.

Closed Sales

Percent Change Year-over-Year

Less than $50,000

N/A

$50,000 - $99,999

-37.5%

$100,000 - $149,999

-46.7%

$150,000 - $199,999

60.0%

$200,000 - $249,999

25.0%

$250,000 - $299,999

-15.4%

$300,000 - $399,999

83.3%

$400,000 - $599,999

0.0%

$600,000 - $999,999

114.3%

$1,000,000 or more

133.3%

Sale Price

5 0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$400,000 $599,999

The median number of days that properties sold during the month were on the market Economists' note: Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market.

$600,000 - $1,000,000 or $999,999 more

Median Days on Market

Percent Change Year-over-Year

Less than $50,000

N/A

$50,000 - $99,999

14.8%

$100,000 - $149,999

102

15.9%

$150,000 - $199,999

-53.7%

$200,000 - $249,999

-58.6%

$250,000 - $299,999

119

-23.7%

$300,000 - $399,999

131

59.8%

$400,000 - $599,999

125

-33.9%

$600,000 - $999,999

102

-17.1%

$1,000,000 or more

166

5.1%

Sale Price

Median Days on Market by Sale Price

Median Days on Market

$300,000 $399,999

180 160 140 120 100 80 60 40 20 0

180 160 140 120 100 80 60 40 20 0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

New Listings by Initial Listing Price

The number of properties put onto the market during the month

New Listings

Economists' note: In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really New Listings.

Initial Listing Price

New Listings

Percent Change Year-over-Year

Less than $50,000

400.0%

$50,000 - $99,999

-61.1%

$100,000 - $149,999

-36.4%

$150,000 - $199,999

-11.1%

$200,000 - $249,999

-11.8%

$250,000 - $299,999

-45.8%

$300,000 - $399,999

-17.9%

$400,000 - $599,999

-38.5%

$600,000 - $999,999

-21.1%

$1,000,000 or more

-50.0%

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$400,000 $599,999

The number of property listings active at the end of the month

Economists' note: There are a number of ways to calculate Inventory, so these numbers may not match up to others you see in your market. We calculate Inventory by counting the number of active listings on the last day of the month, and hold this number to compare with the same month the following year.

$600,000 - $1,000,000 or $999,999 more

Inventory

Percent Change Year-over-Year

Less than $50,000

57.1%

$50,000 - $99,999

-51.0%

$100,000 - $149,999

-51.3%

$150,000 - $199,999

-46.3%

$200,000 - $249,999

-40.2%

$250,000 - $299,999

-24.3%

$300,000 - $399,999

129

-17.8%

$400,000 - $599,999

160

-26.9%

$600,000 - $999,999

140

-18.6%

$1,000,000 or more

133

-26.1%

Current Listing Price

Inventory by Current Listing Price

Inventory

$300,000 $399,999

180 160 140 120 100 80 60 40 20 0

180 160 140 120 100 80 60 40 20 0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Closed Sales

September 2013

September 2012

Percent Change Year-over-Year

20.8%

$310,000

$267,500

15.9%

75.0%

$189,950

$136,500

39.2%

-9.1%

$245,000

$180,000

36.1%

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2009

2010

Traditional

2011

Foreclosure/REO

2012

2013

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S $500,000 $450,000

Median Sale Price

$400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

2009

2010

2011

2012

2013

Monthly Market Detail - September 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS® This report describes member activity for the association and is not confined to any specific geographic area. September 2013

September 2012

Percent Change Year-over-Year

29.7%

Paid in Cash

14.5%

New Pending Sales

130

38.3%

New Listings

157

167

-6.0%

Median Sale Price

$190,000

$147,450

28.9%

Average Sale Price

$231,487

$227,703

1.7%

111

-36.9%

94.0%

89.5%

5.0%

Pending Inventory

204

(No Data)

N/A

Inventory (Active Listings)

839

1,216

-31.0%

Months Supply of Inventory

6.2

9.6

-35.2%

Closed Sales

Percent Change Year-over-Year

96 109 121 159 192 211 165 117 101 123 118 100 74

29.7% 4.8% 21.0% 13.6% 6.7% 5.5% -11.8% -16.4% -12.2% 7.9% 29.7% 42.9% -14.0%

Summary Statistics Closed Sales

Median Days on Market Average Percent of Original List Price Received

Month

Closed Sales

250

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

2013

200 150 100 50 0 J F MAM J J A S ON D J F MAM J J A S ON D J F MAM J J A S ON D J F MAM J J A S ON D J F MAM J J A S

Monthly Market Detail - September 2013 Townhouses and Condos Bonita Springs-Estero Association of REALTORS速 This report describes member activity for the association and is not confined to any specific geographic area. Month

Cash Sales

200

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

Cash Sales

Percent Change Year-over-Year

63 72 84 105 141 165 135 87 74 96 87 76 55

14.5% -1.4% 5.0% 0.0% 0.0% 10.7% -9.4% -27.5% -26.0% 9.1% 16.0% 33.3% -12.7%

2012

2013

150 100 50 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales

Pct. of Closed Sales Paid in Cash

92%

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

65.6% 66.1% 69.4% 66.0% 73.4% 78.2% 81.8% 74.4% 73.3% 78.0% 73.7% 76.0% 74.3%

-11.7% -5.9% -13.2% -11.9% -6.3% 5.0% 2.7% -13.2% -15.7% 1.1% -10.5% -6.7% 1.5% 2013

82% 72% 62% 52% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Pending Sales

300

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

New Pending Sales

Percent Change Year-over-Year

130 136 175 163 234 229 285 231 196 117 160 143 94

38.3% 81.3% 116.0% 41.7% 56.0% 33.1% 39.7% 11.1% 24.8% 2.6% 52.4% 49.0% 28.8%

2012

2013

250 200 150 100 50 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

New Listings

400

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

New Listings

Percent Change Year-over-Year

157 176 165 166 200 220 230 251 298 174 213 277 167

-6.0% 8.6% -5.2% -4.6% -1.5% -15.7% -8.7% 2.4% 9.2% -17.9% -24.2% 2.2% -33.5% 2013

300 200 100 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

Median Sale Price

$230K

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

Median Sale Price

Percent Change Year-over-Year

$190,000 $187,000 $200,000 $212,000 $201,250 $217,000 $197,500 $180,000 $173,000 $199,900 $207,500 $172,000 $147,450

28.9% 8.4% 13.3% 8.7% 9.1% 27.6% -3.7% 0.0% 3.9% 18.8% 30.7% 22.9% -7.0%

2012

2013

$210K $190K $170K $150K $130K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)

Average Sale Price

$300K

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

Average Sale Price

Percent Change Year-over-Year

$231,487 $225,575 $263,647 $251,149 $255,231 $288,546 $261,675 $243,471 $242,246 $261,756 $287,918 $222,850 $227,703

1.7% 5.3% 14.2% -5.0% 4.7% 31.0% 6.7% -7.6% 11.2% 19.3% 39.6% 24.2% -0.1% 2013

$250K $200K $150K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Median Days on Market

200

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

Median Days on Market

Percent Change Year-over-Year

70 109 100 111 114 105 103 110 107 106 127 120 111

-36.9% -16.8% -11.5% -3.5% 9.6% -13.2% -19.5% -12.0% -8.5% 1.9% 13.4% 9.1% -17.8%

2012

2013

150 100 50 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month

Avg. Pct. of Orig. List Price Received

95%

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

Avg. Pct. of Orig. List Price Received

Percent Change Year-over-Year

94.0% 92.1% 93.4% 91.9% 91.9% 91.8% 91.6% 92.0% 89.7% 89.3% 91.3% 89.0% 89.5%

5.0% 4.0% 4.0% 0.3% 1.3% 3.4% 2.8% 2.3% 1.5% 1.0% 1.6% 0.6% -0.3% 2013

90% 85% 80% 75% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Inventory (Active Listings) The number of property listings active at the end of the month

2,700

2009

2010

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012

2011

Inventory

Percent Change Year-over-Year

839 844 879 940 1,000 1,091 1,140 1,239 1,253 1,260 1,220 1,259 1,216

-31.0% -30.7% -27.4% -24.3% -24.8% -22.9% -21.4% -18.1% -20.1% -22.7% -26.4% -20.1% -20.2%

2012

2013

Inventory

2,200 1,700 1,200 700 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Month

Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

Months Supply of Inventory

45.0

2009

2010

2011

September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 2012

Months Supply

Percent Change Year-over-Year

6.2 6.4 6.7 7.2 7.8 8.5 9.0 9.6 9.6 9.6 9.3 9.8 9.6

-35.2% -33.5% -31.1% -26.6% -27.0% -25.8% -24.3% -22.4% -25.8% -29.3% -32.0% -26.5% -26.2% 2013

35.0 25.0 15.0 5.0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Closed Sales by Sale Price

Closed Sales

Percent Change Year-over-Year

Less than $50,000

0.0%

$50,000 - $99,999

-47.1%

$100,000 - $149,999

30.0%

$150,000 - $199,999

63.6%

$200,000 - $249,999

50.0%

$250,000 - $299,999

266.7%

$300,000 - $399,999

16.7%

$400,000 - $599,999

125.0%

$600,000 - $999,999

-33.3%

$1,000,000 or more

0.0%

Sale Price

5 0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more Median Days on Market

Percent Change Year-over-Year

Less than $50,000

53.3%

$50,000 - $99,999

-54.6%

$100,000 - $149,999

-60.7%

$150,000 - $199,999

-55.2%

$200,000 - $249,999

-28.9%

$250,000 - $299,999

10.3%

$300,000 - $399,999

-29.5%

$400,000 - $599,999

141

176.5%

$600,000 - $999,999

116

70.6%

$1,000,000 or more

141

-67.5%

Sale Price

Median Days on Market by Sale Price

Median Days on Market

$300,000 $399,999

160 140 120 100 80 60 40 20 0

160 140 120 100 80 60 40 20 0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

New Listings by Initial Listing Price

The number of properties put onto the market during the month

New Listings

Percent Change Year-over-Year

Less than $50,000

-25.0%

$50,000 - $99,999

-13.6%

$100,000 - $149,999

-48.6%

$150,000 - $199,999

94.7%

$200,000 - $249,999

-20.8%

$250,000 - $299,999

38.5%

$300,000 - $399,999

-13.3%

$400,000 - $599,999

-10.5%

$600,000 - $999,999

11.1%

$1,000,000 or more

-57.1%

40 35 30 25 20 15 10 5 0

40 35 30 25 20 15 10 5 0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

The number of property listings active at the end of the month

Economists' note: There are a number of ways to calculate Inventory, so these numbers may not match up to others you see in your market. We calculate Inventory by counting the number of active listings on the last day of the month, and hold this number to compare with the same month the following year.

$600,000 - $1,000,000 or $999,999 more

Inventory

Percent Change Year-over-Year

Less than $50,000

0.0%

$50,000 - $99,999

-38.8%

$100,000 - $149,999

-54.8%

$150,000 - $199,999

148

-32.7%

$200,000 - $249,999

125

-29.8%

$250,000 - $299,999

-32.8%

$300,000 - $399,999

113

-24.2%

$400,000 - $599,999

131

-5.1%

$600,000 - $999,999

-29.0%

$1,000,000 or more

-25.0%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

160 140 120 100 80 60 40 20 0

160 140 120 100 80 60 40 20 0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Closed Sales

September 2013

September 2012

Percent Change Year-over-Year

55.6%

$190,000

$154,000

23.4%

-25.0%

$124,500

$103,500

20.3%

-50.0%

$214,500

$112,500

90.7%

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2009

2010

Traditional

2011

Foreclosure/REO

2012

2013

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S $300,000

Median Sale Price

$250,000

$200,000

$150,000

$100,000

$50,000

$0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

2009

2010

2011

2012

2013

Monthly Market Summary - September 2013 Single Family Homes Lee County September 2013

September 2012

Percent Change Year-over-Year

Closed Sales

942

819

15.0%

Cash Sales

439

484

-9.3%

New Pending Sales

1,057

915

15.5%

New Listings

1,509

1,404

7.5%

Median Sale Price

$168,450

$135,000

24.8%

Average Sale Price

$241,675

$227,525

6.2%

-25.0%

Avg. Percent of Original List Price Received

94.7%

93.0%

1.8%

Pending Inventory

2,035

(No Data)

N/A

Inventory (Active Listings)

5,433

5,764

-5.7%

Months Supply of Inventory

5.4

5.8

-6.6%

Median Days on Market

1,900

2009

2010

2011

2012

2013

Closed Sales

1,700 1,500 1,300 1,100 900 700 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Median Sale Price

$210K $190K $170K $150K $130K $110K $90K $70K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S 12,000

Total Inventory

11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

2009

2010

2011

2012

2013

Monthly Distressed Market Summary - September 2013 Single Family Homes Lee County

Closed Sales

September 2013

September 2012

Percent Change Year-over-Year

674

511

31.9%

$195,000

$161,000

21.1%

183

126

45.2%

$112,000

$90,950

23.1%

182

-53.3%

$128,250

$109,650

17.0%

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2009

2010

Traditional

2011

Foreclosure/REO

2012

2013

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S $250K

Median Sale Price

$200K

$150K

$100K

$50K

$0K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

2009

2010

2011

2012

2013

Monthly Market Summary - September 2013 Townhouses and Condos Lee County September 2013

September 2012

Percent Change Year-over-Year

Closed Sales

432

352

22.7%

Cash Sales

278

262

6.1%

New Pending Sales

517

373

38.6%

New Listings

694

695

-0.1%

Median Sale Price

$155,000

$119,900

29.3%

Average Sale Price

$210,807

$154,832

36.2%

33.9%

91.9%

90.9%

1.1%

815

(No Data)

N/A

Inventory (Active Listings)

3,232

3,769

-14.2%

Months Supply of Inventory

6.2

8.0

-22.2%

Median Days on Market Avg. Percent of Original List Price Received Pending Inventory

900

2009

2010

2011

2012

2013

Closed Sales

800 700 600 500 400 300 200

Median Sale Price

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S $170K $160K $150K $140K $130K $120K $110K $100K $90K $80K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Total Inventory

6,000 5,500 5,000 4,500 4,000 3,500 3,000 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

2009

2010

2011

2012

2013

Monthly Distressed Market Summary - September 2013 Townhouses and Condos Lee County

Closed Sales

September 2013

September 2012

Percent Change Year-over-Year

372

256

45.3%

$167,500

$131,000

27.9%

-24.1%

$65,500

$76,450

-14.3%

-54.8%

$129,000

$76,450

68.7%

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2009

2010

Traditional

2011

Foreclosure/REO

2012

2013

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S $200K $180K

Median Sale Price

$160K $140K $120K $100K $80K $60K $40K $20K $0K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

2009

2010

2011

2012

2013

Monthly Market Summary - September 2013 Manufactured Homes Lee County September 2013

September 2012

Percent Change Year-over-Year

Closed Sales

52.2%

Cash Sales

57.9%

New Pending Sales

0.0%

New Listings

5.3%

Median Sale Price

$72,500

$48,000

51.0%

Average Sale Price

$86,175

$57,822

49.0%

102

12.1%

85.2%

81.3%

4.8%

Pending Inventory

(No Data)

N/A

Inventory (Active Listings)

391

390

0.3%

Months Supply of Inventory

9.0

10.5

-14.0%

Median Days on Market Avg. Percent of Original List Price Received

2009

2010

2011

2012

2013

Closed Sales

70 60 50 40 30 20 10 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

Median Sale Price

$100K $90K $80K $70K $60K $50K $40K $30K

Total Inventory

J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S 500 450 400 350 300 250 200 150 100 50 0 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

2009

2010

2011

2012

2013

Monthly Distressed Market Summary - September 2013 Manufactured Homes Lee County

Closed Sales

September 2013

September 2012

Percent Change Year-over-Year

73.7%

$72,000

$50,000

44.0%

0.0%

$92,450

$36,000

156.8%

-100.0%

(No Sales)

$33,500

N/A

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2009

2010

Traditional

2011

Foreclosure/REO

2012

2013

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S $180K $160K

Median Sale Price

$140K $120K $100K $80K $60K $40K $20K $0K J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S

2009

2010

2011

2012

2013