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July 2019 – month end Market Report for Naples, Marco Island, Estero & Bonita Springs.

Market Report

Update

July sales were up 8.7% compared to the same month last year, keeping year-to-date sales just ahead of those for 2018. Sales over the past 12-months surpassed those of the preceding 12-month period by 5.3%. All positive news for the market-at-large.

Detailed Reports

Click on the link below to view the July 2019 Market Report for NA-BN-ES-MI

July 2019 Market Report (Naples, Bonita Springs, Marco Island)

Comparison

Compared to the preceding 12 months, sales over the past year show gains in all price ranges excluding the $1-2 million and $2-5 million categories which posted modest shortfalls of 6.5% and 3.5%, respectively. The $5 million-plus category showed the greatest gain at 18.8%. Year-to-date sales in most price categories were within a few percentage points of the same period last year, while the $5 million-plus category posted a 10.8% gain and the $1-2 million and $2-5 million categories posted respective declines of 11.9% and 8.1%.

Supply & Demand

Months of supply, at 5.8 months and down 7.4% from a year ago, continue to demonstrate a balance between supply and demand in the overall market. The lower price segments posted the lowest months of supply, with 3.8 months for listings below $250k and 5.2 months for $250k-$500k.  The $5 million-plus price segment posted the highest months of inventory at 16.8 months. However, with the pace of sales increasing in this price bracket, some of that inventory may be absorbed in the months ahead.

Summary

Year to date, John R. Wood Properties continues to be the leader in our marketplace. We hold the top ranking for closed sales volume in all of Southwest Florida as well as the top position for both closed sales volume and units sold in the combined Naples, Bonita, Estero market!

If you are considering Buying or Selling in SW Florida, contact us by Calling (239) 449-8484, E-mail: Mike@BeachToTee.com or Visit our website at at www.BeachToTee.com 

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FEATURED LISTING: Grande Phoenician at The Dunes

The Dunes

This Beautifully Decorated and Furnished Sky Home in Grande Phoenician at The Dunes has Spectacular views of Turkey Bay and The Gulf of Mexico.

Property Info:

275 Indies Way #1702, Naples FL 34110

3 Beds, 3 Full Baths. 2798 sq ft under air. $1,539,000.00 – Furnished

Tile Floors & High Ceilings create an Open and Inviting Luxurious Living Space. You will want to practice your Culinary skills in this Gourmet Kitchen, complete with Stainless Steel Gas Cook top, Stainless hood, and Stainless Beverage Cooler & Granite Counter tops. Marble Master Bathroom & Custom Master Closet. New A/C and dehumidifier 2015. New Hot Water Heater 2018.

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Community Amenities:

You will want for nothing at The Dunes with their World Class Amenities. A Resort Style Community Pool, Tennis, Tiki Bar, Restaurant, Fitness Center, Concierge Services and Guest Cottages embody a Resort Lifestyle.

 The Dunes 

This unit has the Floridian Club that offers Private Beach Club including Food Service for a Transfer Fee. The Dunes is a Pet Friendly Community.

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If you are considering Buying or Selling in SW Florida, contact us by Calling (239) 449-8484, E-mail: Mike@BeachToTee.com or Visit our website at at www.BeachToTee.com 

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SW Florida Islands & surrounding areas – Real Estate market report for 2nd quarter

SW Florida Islands

Sanibel, Captiva, Ft Myers, Ft Myers Beach & Cape Coral

Overall second quarter sales for the combined Sanibel/Captiva, Ft Myers/Ft Myers Beach, Cape Coral market were up 2.9% compared to the same period last year. Single-family homes posting a 2.2% gain and condominiums posting a 4.3% gain. Sales over the past 12 months were static with the preceding 12-month period for both single-family homes and condominiums.

Report

Click on the link below to view the 2019 second quarter market review for Sanibel & Captiva Islands, Fort Myers, Fort Myers Beach, and Cape Coral.

Sanibel, Ft Myers, Ft Myers Beach, Cape Coral Q2 2019 Market Review – print

Supply & Demand

While 12-month market-wide sales are on par with the preceding 12 months, a few notable changes were posted in some areas. Sanibel/Captiva single-family sales were down 20.8%. Fort Myers Beach single-family sales were down 26.4%. It’s important to note, however, it only takes a small change in the pace of sales to influence these numbers.

Median Sales Price

The 12-month rolling median sales price increased in nearly all areas, except Sanibel/Captiva single family homes and Cape Coral condos. These were each down by 1.8%. Pricing for Fort Myers single-family homes was unchanged.

Summary

In summary, the market continues to show signs of balance and stability. Sales are steady when compared to those of recent years.  Pricing, albeit slowly, is moving in a positive direction. I will continue to keep you posted in this Market with regular updates.

If you are considering Buying or Selling in SW Florida, contact us by Calling (239) 449-8484, E-mail: Mike@BeachToTee.com or Visit our website at at www.BeachToTee.com 

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