Some agents say the number of home sales is up.  Some say it’s down.  The data show 2017 SW Florida home sales trending between 2015-2016 levels.  As you can tell by the chart, home sales fell off the 2nd half of the year the past two years.  Home sellers wishing to sell now might get a little nervous reading this chart, but don’t be.

In fact, this can be good news for home sellers.  We’ll let you in on a little secret.  There were 2,001 fewer listings last August than there were this February.  Some sellers make the decision to sell in season because an agent told them there were more home sales in season.

2017 SW Florida Home Sales Trending Between 2015-2016 Levels Homes Closed

It’s true, there were more home sales in season.  However, there were more homes to sell too.  When inventory goes down home sales go down.  Not because there isn’t demand, but rather because product isn’t there to sell.

If you’re a home seller contemplating selling, the end of summer and fall can be an excellent time because you’ll have less competition from other sellers.

2017 SW Florida Home Sales Trending Between 2015-2016 Levels Median Sales Prices

The median sales price is up 7.6% in June over last year, and the average sales price was up 6.1%. Not too shabby.  You can wait until season to sell your home, and there might be more lookers for your home.  There will also be more competition from other sellers for those lookers.

We’re seeing new construction coming in and competing now too, which is good in a way for sellers because many local sellers don’t want to sell until they know where they’re going.  Local sellers just couldn’t find an appropriate home to move into even though they’d like to make a move.

We can help with that.  Our team knows about several new communities and builders the public doesn’t always know about.  Why?  Because builders don’t advertise like they used to, so buyers don’t know where to find them.

Even when buyers do stumble on a builder or new community they don’t know if it’s a good deal.  That’s where a professional agent comes in.  Builders advertise to agents because they know we can bring in repeat business.  We find out about deals and incentives the public doesn’t hear about.

If you’re looking to make a move but you don’t know where, a free consultation with a friendly and informative Ellis Team agent might just do the trick.  We can show you how much we can sell your home for and what you would net out after sale paying all expenses and mortgages.  We can then calculate how much you’ll have to put down on the next home, and what you can buy for a similar payment.

Perhaps you’ve had a promotion, or perhaps a loss in income and you’d like to downsize.  Either way, you want a great home for the value.  We can help with that.

If you’d like to take your time and search on your own, try out www.LeeCountyOnline.com.  You can search all the homes for free and even find out what your home is worth.  If you’d like to sit down and talk to us, you can call us at 239-489-4042.  Brett and Sande are easy to talk to and we like to answer questions and solve issues.

We know buying and selling isn’t always as simple as picking up the phone and going shopping.  There are many factors to consider, and timing it all can be important.  We’re patient and helpful.  If you’d like to discuss your options, we’d love to talk.   Always call the Ellis Team at Keller Williams Realty!  We’re here to help.

Ellis Team Weekend Open Houses

3 Bed Home in Cape Coral

Open Saturday 1-3 PM

3835 Palm Tree Blvd, Cape Coral, FL 33904

$275,000

3 Bed, 2 Bath 1,771 SQ Ft Living Area

 

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