- Closed sales in 2015 remained similar to 2014 levels while new listings decreased, leading to lower inventory that represents 4.2 months of supply. - The average and median sales prices increased 10.5% and 15% respectively over the same period in 2014, driven by strong demand and price growth in luxury home segments. - Available condo inventory declined 26% from the prior year while single family home supply remained steady.

1. 11
Bring Your Highest Expectations™
MONTHLY MARKET REPORT, OCTOBER 2015
For the Naples / Bonita Springs / Estero Market Area

2. 1
Market Report©
– October 2015
12-MONTH COMPARISONS
2015------------------ 18,489
2014------------------ 18,504
2013------------------ 17,972
2012------------------ 18,913
2011------------------ 19,926
2010------------------ 22,456
2009------------------ 24,160
2015------------------ 13,164
2014------------------ 12,961
2013------------------ 12,147
2012------------------ 10,895
2011------------------ 10,528
2010------------------ 10,025
2009--------------------8,281
NEW
LISTINGS
0
3,000
6,000
9,000
12,000
15,000
18,000
21,000
24,000
27,000
30,000
2015201420132012201120102009
Bring Your Highest Expectations™
CLOSED
UNITS
“The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, 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.”
John R. WoodProperties
Naples / Bonita Springs / Estero Market Area
NEW LISTINGS / CLOSED UNITS

3. 2
Market Report©
– October 2015
Bring Your Highest Expectations™
$300,000
$325,000
$350,000
$375,000
$400,000
$425,000
$450,000
$475,000
$500,000
$525,000
$344k
$358k
$364k
$372k
$432k
$467k
$517k
2015201420132012201120102009
AVERAGE SALES PRICE
12-MONTH COMPARISONS
“The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, 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.”
John R. WoodProperties
Naples / Bonita Springs / Estero Market Area

4. 3
Market Report©
– October 2015
SUMMARY
Bring Your Highest Expectations™
CLOSED SALES
 Closed sales through October remained approximately the same as the first 10 months of 2014 (11,220 in 2015 vs. 11,327 in 2014).
 The number of closings priced at $2 million and above continued at a brisk pace, up 8% year-to-date over the same period 2014, and up 13% over
the past 12 months.
NEW LISTINGS/INVENTORY
 Available inventory in the combined Naples, Bonita Springs, Estero market on November 1, 2015 consisted of 4,637 units (2,666 single family
homes and 1,971 condominiums). Available condominium supply declined by 26% from prior year while the supply of single family homes
remained approximately the same.
 Current inventory represents approximately 4.2 months of supply based on closings for the past 12 months.
AVERAGE AND MEDIAN SALES PRICE
 The average price of closed sales year-to-date is up 10.5% over the same period in 2014 and median price is up 15%.
 Average sale price for properties priced above $2 million increased almost 8% over the past 12 months, driven by high demand in this segment
along with an increase in the number of closings above $5 million.
“The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, 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.”
John R. WoodProperties
Naples / Bonita Springs / Estero Market Area

5. 4
Aqualane Shores 28 30 11.20 $4,535,517
Barefoot Beach 15 21 8.57 $3,331,310
Bonita Bay 36 79 5.47 $1,081,287
The Brooks 39 84 5.57 $801,498
Collier’s Reserve 8 10 9.60 $1,406,000
Park Shore/Moorings/Seagate/Coquina Sands Waterfront 10 45 2.67 $3,051,233
Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront 74 113 7.86 $1,426,665
The Crossings 4 10 4.80 $687,860
The Dunes - - - -
Grey Oaks 44 75 7.04 $2,455,459
Kensington 6 24 3.00 $821,375
Lely Resort 75 124 7.26 $692,557
Mediterra 58 59 11.80 $2,176,823
Monterey 14 21 8.00 $645,310
Olde Cypress 27 36 9.00 $856,510
Old Naples 69 67 12.36 $3,115,094
Palmira 13 55 2.84 $609,530
Pelican Bay 11 44 3.00 $1,417,395
Pelican Bay (Bay Colony) 5 10 6.00 $5,849,200
Pelican Landing 21 59 4.27 $775,168
Pelican Landing (The Colony) 9 19 5.68 $1,391,018
Pelican Marsh 25 62 4.84 $1,606,347
Pelican Sound 3 11 3.27 $558,818
Pine Ridge 39 32 14.63 $1,140,091
Port Royal 42 36 14.00 $9,776,667
Quail Creek 21 27 9.33 $985,905
Quail West 43 48 10.75 $1,857,846
Royal Harbor 17 37 5.51 $1,707,784
Tiburon 9 16 6.75 $1,849,469
Vanderbilt Beach 22 30 8.80 $1,541,742
The Vineyards 52 67 9.31 $725,341
West Bay Club 11 23 5.74 $869,348
12-Month Sold Comparison Report for Select Communities
Neighborhood Snapshot Report©
Naples / Bonita Springs / Estero Market Area
Bring Your Highest Expectations™
AVAILABLE
INVENTORY
CLOSED
PAST 12 MONTHS
AVERAGE
CLOSED PRICE
MONTHS
OF SUPPLY
MONTHLY SNAPSHOT AS OF NOVEMBER 1, 2015 SINGLE FAMILY HOMES
“The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, 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.”
John R. WoodProperties

6. 5
Neighborhood Snapshot Report©
Naples / Bonita Springs / Estero Market Area
Bring Your Highest Expectations™
MONTHLY SNAPSHOT AS OF NOVEMBER 1, 2015
Closed
Aqualane Shores - 6 0.00 $596,167
Barefoot Beach 9 17 6.35 $908,412
Bonita Bay 41 122 4.03 $620,854
The Brooks 22 130 2.03 $241,762
Collier’s Reserve - - - -
Park Shore/Moorings/Seagate/Coquina Sands Waterfront 90 352 3.07 $1,160,419
Park Shore/Moorings/Seagate/Coquina Sands Non-Waterfront 33 95 4.17 $275,920
The Crossings - - - -
The Dunes 24 49 5.88 $1,100,719
Grey Oaks 7 17 4.94 $795,039
Kensington 12 28 5.14 $433,496
Lely Resort 99 198 6.00 $294,328
Mediterra 9 30 3.60 $541,650
Monterey 1 4 3.00 $336,500
Olde Cypress 6 5 14.40 $433,100
Old Naples 53 141 4.51 $711,902
Palmira Golf and Country Club 7 30 2.80 $310,252
Pelican Bay 63 278 2.72 $896,946
Pelican Bay (Bay Colony) 15 43 4.19 $2,707,598
Pelican Landing 19 67 3.40 $330,036
Pelican Landing (The Colony) 39 71 6.59 $863,747
Pelican Marsh 18 73 2.96 $420,952
Pelican Sound 10 76 1.58 $255,892
Pine Ridge 7 26 3.23 $208,769
Port Royal - - - -
Quail Creek - - - -
Quail West - - - -
Royal Harbor - 1 - $512,000
Tiburon 20 46 5.22 $756,986
Vanderbilt Beach 32 105 3.66 $811,275
The Vineyards 60 107 6.73 $402,560
West Bay Club 10 45 2.67 $498,217
AVAILABLE
INVENTORY
CLOSED
PAST 12 MONTHS
AVERAGE
CLOSED PRICE
MONTHS
OF SUPPLY
12-Month Sold Comparison Report for Select Communities
“The source of this real property information is the copyrighted and proprietary database of Southwest Florida MLS, Copyright 2015, 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.”
John R. WoodProperties
CONDOMINIUMS