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Market Report for Feb, 2019 – Naples, Bonita, Estero & Marco Island.

Market Report

Market Report

The number of sales posted over the 12-month period ending February 28 reflected a 3.5% gain over the preceding 12 months. Sales of homes priced over $2 million reflected a 4.8% gain. Year-to-date sales as of February 28, however, reflected a 15.4% decline when compared to the same period in 2018. Considering that we are only two full months into the year, it’s possible that these early losses can still be offset. Sales will post during our peak months for closings, which run from March through June may change those stats.

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

Monthly Market Report – February 2019 – print

Inventory

Listing inventory grew by 10.2% over the past 12 months, offering welcomed new opportunities for buyers. Despite the increase in the number of homes on the market, numbers reflects a continued balance between supply and demand.

Pricing

The average selling price for homes that closed during the 12-month period ending February 28 rose by 2.1% when compared to the preceding 12 months. The median price for the same period was static with that of a year ago. This suggests that there is downward pressure on pricing. We will monitor these dynamics closely so that we may keep you informed.

Stable Market

At a recent presentation by Cindy Carroll of Carroll & Carroll Appraisers, Ms. Carroll defined our overall market as stable. She sites, however, that there are pockets with a shortage of supply, areas that are coasting, and other areas showing a loss in value. This shows just how important it is to know very localized dynamics, whether those be by neighborhood, product type, or price-range.

Why choose us?

There’s a long list of reasons why John R. Wood Properties maintains the number-one position for closed dollar volume in the Southwest Florida market. Our expertise is high on that list. Our ability to interpret localized market conditions and translate that into a sound pricing strategy for our sellers will help ensure their success!

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

florida islands

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.

florida islands

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.

florida islands

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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