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2018 Year end Market Report for Sanibel, Captiva & Ft. Myers Beach area

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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.

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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.

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Neighborhood Dynamics

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

Market Report Q4 2018 Sanibel, Ft Myers, Ft Myers Beach, Cape Coral – print

Market Report Q4 2018 Sanibel, Ft Myers, Ft Myers Beach, Cape Coral – flip booklet

 

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: Montego at Cove Towers

Montego at Cove Towers

Montego at Cove Towers

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Montego at Cove Towers Montego at Cove Towers Montego at Cove Towers Montego at Cove Towers

Step out of the elevator into the private foyer of this Montego “mini-Penthouse” at Cove Towers. This unique 3 bedroom, 3 bath 17th floor sky home offers nearly 2400 square feet of uncluttered elegance in a soft-white palette with 10 foot ceilings. The black and white kitchen features granite counters and GE Monogram stainless steel appliances. The over-sized screened lanai faces unobstructed views of the Cocohatchee River, the Gulf and beyond.

Click here for additional photos & more information 

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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2019 Real Estate Market off to a great start in SW Florida!

Market Report

Market Report for January 2019 -Naples, Bonita Springs, Estero & Marco Island.

Sales prices are up

Breaking News: Market report for 2019 YTD. With a 4.7% increase in closed sales over the past 12 months when compared to the preceding 12 months, 2019 is off to a good start. The average sales price is up, as well, posting a 4.1% increase over the preceding 12 months.

Market Reports

Click on either of links below to view the Market Report for January 2019 – NA-BN-ES-MI:

Monthly Market Report – January 2019 – print

Monthly Market Report – January 2019 – flip booklet

Inventory

Listing inventory for the overall market area is up by 14.9% compared to the same time last year. The number of available listings on Marco Island is up 19.3%. Months of supply are on a similar track with 8.5 months posted as of February 1st for the overall market. Marco Island shows 11.2 months. For Southwest Florida, six to twelve months of supply are generally considered a balanced market.

With shortages in recent years, this means a greater selection for buyers. It’s always important for sellers and their agents to pay close attention to pricing and sales activity in their neighborhoods. Also, they should be watching activity in competing neighborhoods. When inventories are on the rise, this becomes especially crucial so sellers can maintain a sound pricing strategy and keep their listings in a competitive position.

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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