Monthly Archives: December 2006

What’s Hot in SW Florida Real Estate- By the Numbers

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We decided to study what price ranges in the SW Florida real estate market are hot, and which are not.  Obvioulsy SW Florida is a price sensitive market, so generally speaking the lower the price the better the numbers.

We chose to dsiplay a chart illustrating how many active listings are on the market currently for single family homes in Lee County, as well as the number of pending sales, and closed sales for the last 90 days.  We also created a Closed Index which calculates the number of closings in a price range relative to the number of available listings in that price range.  The lower the number, the better the score.  Highlighted are some of the better numbers in the higher ranges.

Price A P CS-3 Mos Closed Index
100-149,999 148 25 48 3.08
150-199,999 721 109 197 3.66
200-249,999 2416 278 566 4.27
250-299,999 2390 235 358 6.68
300-349,999 1232 93 174 7.08
350-399,999 1169 66 98 11.93
400-449,999 641 41 66 9.71
450-499,999 759 33 37 20.51
500-549,999 448 25 32 14.00
550-599,999 538 31 34 15.82
600-649,999 310 10 26 11.92
650-699,999 396 16 21 18.86
700-749,999 189 9 14 13.50
750-799,999 248 7 12 20.67
800-849,999 161 6 9 17.89
850-899,999 174 3 7 24.86
900-949,999 63 2 8 7.88
950-999,999 154 5 3 51.33
1 Mil + 918 36 36 25.5

Additionally, we decided to look at the Pending sales now compared to Active listings.  We calculated a special index number for these as well, although not displayed in a chart like above.  Pendings are an indication of what’s selling today, and what may close in the near future.

The $700-750 range is hot in the upper price ranges.  The $850-899 range is not hot currently.

RE/MAX Showing Index SW Florida

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As we’ve stated, the market is showing signs of picking up.  RE/MAX is the dominant residential real estate company in SW Florida, outselling every other company and several of our next closest competitors combined.  As the Premier Market Leaders in SW Florida, we’ve decided to create the RE/MAX showing index whereby we’ll track showing on our listings as a gauge to how the overall market is doing. Stats provided are from the RE/MAX Realty Group office in Fort Myers.

Phone calls lead to showings, showings lead to pendings, pending sales lead to close sales.  We’ve always been able to track market inventory, pending sales, and closed sales.  For the first time we’ll provide data on showings.

While this report won’t include all showings, as some could actually be setup by agent, it does represent a good picture of what showing activity is for the month.

Total Number of Showings November 2006 561
Average Number of Showings Before Selling 6.3
Average number of Showings During 1st Week of Listing .3
2nd Week of Listing .4
3rd Week of Listing .4
4th Week of Listing .3
5th Week of Listing .4
6th Week of Listing .3

Keep in mind that November had a Holiday which limits showings the last week or so of the month.

Total Number of Showings October 2006 599
Average Number of Showings Before Selling 6.5
Average number of Showings During 1st Week of Listing .5
2nd Week of Listing .5
3rd Week of Listing .3
4th Week of Listing .4
5th Week of Listing .3
6th Week of Listing .2

We will post new numbers as they come out each month.  This will be the earliest indicator of what the market may do in the future.

Reflection Lakes Condo

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Gorgeous carriage home in prime South Fort Myers location! Tucked away amongst palm trees and lush landscaping in Tradewinds of Reflection Lakes is this stylish, but quaint home. Starting with the brick paved driveway to the entry of the foyer – you will be welcomed into an open and spacious layout with high volume ceilings and appealing textured walls. You’ll notice how the beautiful ceramic tile featured throughout all wet areas compliments the warm beige carpeting in living areas and bedrooms. Just steps away from this lovely home you can make good use of the community amenities. Go for a morning work-out in the exercise room or for a game of tennis on the weekend and afterwards cool off by taking a swim in the pool. This home is perfect for the person looking for style, comfort, and a serene surrounding. Come take a look and decide for yourself!

Reflection Lakes is located in South Fort Myers and is considered on of SW Florida’s most prime real estate locations.