Official January 2016 real estate sales numbers are in for SW Florida and as expected single family home sales fell 5.5% Condo sales were down 7% from last year.
Median sales prices were up 22.6% over last year; however they were only up .87% over last month. We did see a big jump in mean average sale prices in January, going from $280,186 in 2015 to $427,536 in January 2016. That’s a 52.6% jump. One reason we don’t use the mean average is because one large sale can skew the numbers.
Pending inventory fell 13.6%. Some say it is because we have fewer inventories to sell while others suggest the market may be taking a breather and leveling off. Now that the stock market has recovered some and oil has rebounded off its lows, maybe we’ll have a sense of stability going forward.
Of course we have that election thing hanging out there and I think everyone can agree this election cycle is like nothing we’ve ever seen before. If uncertainty creates confusion, we’ve got it in this election process.
Within the next few months perhaps the economy’s future will come into focus and people can start planning where they want to go with their real estate desires. So many in SW Florida have options now that their mortgage has paid down and prices have risen. Many feel like they’re no longer in jail and are free to explore their options.
We’ve seen an increase in local homeowners considering a move. They need to properly value the current home they have and see what improvements or repairs are needed to make it most sellable. They also want to know what they can buy if they do sell.
Our website www.LeeCountyOnline.com is great for both because you can search all the listings available for sell, as well as see sold and pending data in your neighborhood via the Market Reports section on our site. There is even a button to receive an online computerized valuation of your home.
Deciding whether to sell a home and buy another home is like putting together a puzzle. All the pieces have to fit, and when they do you have to decide if you like the finished puzzle. There is no substitute for meeting with a professional Realtor who understands this process. However, if you just want to turn all the pieces over and begin putting the corners and edges together first, our website is an excellent place to start.
If you’d like advice from a professional, give us a call. 239-489-4042 We’re friendly and never pushy. We simply present you with your options and let you decide what’s best for you. If you do decide to make a move, you’re not going it alone as you have someone by your side advising you and helping you with the process. We turn a complicated process into a smooth transition for you and your family.
And we help you avoid some costly mistakes. Please call, we’d love to help you. We’re the name you know and the people you trust. Always call the Ellis Team at RE/MAX Realty Group. 239-489-4042
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