The figures are in for SW Florida Islands Real Estate. Year end report for 2018 activity on Sanibel & Captiva Islands, Fort Myers Beach along with Fort Myers and Cape Coral.
Year over Year Results
We have been crunching the numbers for Sales activity on SW Florida’s beautiful Islands of Sanibel, Captive & Fort Myers Beach along with the surrounding areas of Fort Myers & cape Coral.
Year-over-year closed sale pricing is up in most market segments. Fort Myers Beach single-family homes show a decline in both the median and average sale price. With only 120 to 140 homes typically selling per year in that market, a few low or high-priced listings sold can be enough to impact the numbers. We will continue to monitor pricing trends and will report on any further developments.
Modest growth in most areas
Year-over-year sales show modest growth in most areas. However, some market segments post declines in the fourth quarter when compared to the previous year. Areas that realize the most notable decreases are Cape Coral and Sanibel/Captiva Island condos, and Fort Myers Beach single-family homes.
Market dynamics can be localized right down to the neighborhood or building. It’s important for agents to gain an in-depth knowledge of emerging trends. In markets where inventory growth outpaces that of sales, competitive pricing becomes a crucial component to a seller’s overall strategy. To keep sellers well positioned to make sound strategic decisions, agents must keep their sellers apprised of trending market conditions.
Click on either of the links below to view the fourth quarter/end-of-year market report