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3rd Quarter Real Estate Market Review – Gulf Shore Blvd, Naples FL

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Gulf Shore Review Report

Click on the link below to view the Third Quarter 2019 Market Review for Gulf Shore Boulevard.

Gulf Shore Boulevard Q3 2019 Market Review – print

Outline

Overall third-quarter sales along Gulf Shore Boulevard are up by 5%.  42 sales for Q3 of 2019 in comparison to 40 sales during the same period last year. Sales over the past 12 months were up 9.8% compared to the preceding 12 months, from 224 to 246.

Inventory

With 109 beachfront listings available as of October 1, 2019, inventory has increased by 23.9% since the same date last year. Months of supply for beachfront units is also up, from 6.32 to 7.31 months. At 33, the number of available bayfront units as of October 1, 2019 is static with the same date last year. Due to an increase in sales activity over the past 12 months, months of inventory for bayfront units is down. Now at 5.91 months as of October 1, 2019 compared to 6.95 as of the same date last year.

Average pricing

On a 12-month rolling basis, average pricing for beachfront units show an 18.7% gain, from $1,431,100 to $1,698,356. Part of this gain is due to a high percentage of lower priced units selling in the third quarter of 2018. Had the average price for that period been consistent with the average of the two preceding and two following quarters, a gain closer to 9.25% would show. Bayfront units post a 10% gain in the average selling price, from $639,273 to $709,101.

Balanced market

Due to this market having a relatively small number of units on the market at any given time, it’s not uncommon to see dramatic changes. For example, a drop by just three quarterly sales for bayfront units might reflect an 18% change in quarter-over-quarter sales.  Taking this into consideration, it becomes apparent that sales have been quite steady. This, combined with 6.48 overall months of inventory, suggests an overall balance in this marketplace.

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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September Real Estate Market Report – Naples, Bonita Springs & Marco Island

SW Florida Report

SW Florida Market Report – September 2019

The combined Naples, Bonita, Estero market continues its positive trajectory. Closed sales on a 12-month rolling basis are up 5.4% over the prior year and, at 5.65 months, months of supply is down 9.5% from year ago.

Reports

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

September 2019 Market Report (Naples, Bonita Springs, Marco Island) – print

Historical reports

Click here for historical market reports

Number 1 slot

John R. Wood continues to hold the number one position in the combined Naples, Bonita, Estero market for both year-to-date dollar volume and units sold!

 

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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August 2019 Real Estate Market Report for SW Florida.

SW Florida Report

Just Released: SW Florida Real Estate Report. Read detailed reports here to see how  Naples, Estero, Bonita Springs & Marco Island performed in August 2019.

Sales

Sales for the 12-month period ending August 31st were up 6% compared to the preceding 12 months. Year-to-date and monthly sales for August are consistent with those of last year. Year-to-date, price segments up to $750,000 reflect a 2.1% increase in the number of closed sales, while segments between $750,000 and $5M are down by 6.4%.

Reports

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

August 2019 Market Report (Naples, Bonita Springs, Marco Island) – print

August 2019 Market Report (Naples, Bonita Springs, Marco Island) – booklet

New Listing Entries

The rate at which new listings entered the market in August is slower by 8.4% compared the same month to a year ago. This reflects an ongoing trend now resulting in a 5.2% decrease in year-to-date new listings. This trend is most consistent in price ranges below $750,000. The overall number of active listings have decreased, as well.  There are 4.6% fewer listings on the market as of September 1st when compared to the same date last year. Listings priced below $750,000 were down 7.4%, while those priced from $750,000 to $5M were up 3.1%.

Inventory

With an increased pace of sales over the past 12 months and fewer listings entering the market, it stands to reason that months of inventory would decrease . As of September 1st, the marketplace posted 5.49 months of inventory, an 8.7% drop from the same date last year when 6.01 months was posted.

Summary

Overall, our market continues to move in a positive direction with healthy inventory levels, steady sales, and stable pricing.

Preparing for Season

Thanksgiving is only ten weeks away, and there have already been reports of car carriers arriving from northern climates. Season will be here before we know it.  This is the time of year when those wishing to sell their homes this season should be preparing to get it listed.

 

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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