Official May 2008 sales numbers were released for SW Florida, Fort Myers and Cape Coral, as well as the entire state of Florida. We predicted a 57% increase in the number of sales and a 25% decrease in the average sale price in Official SW Florida Real Estate Sales Numbers Due Out Tomorrow post on June 25.
As you can see from our Florida Sales Report – May 2008 Single-Family, Existing Homes, official home sales were up 43% and the median sale price was down 25%. The official numbers use statistics from various sources and we analyzed statistics from the Greater Fort Myers and the Beach Board of Realtors. We knew our stats would be close to official numbers and while the number of sales was a little off, the trend was overwhelmingly positive no matter how you look at the numbers.
We posted a new Ellis Team Current Market Index on June 20th, and the prognosis for continued strong sales activity persists. Condo sales were up 32% and median sale prices of condos in SW Florida were down 9%. See Florida Sales Report – May 2008 Existing Condominiums For additional housing statistics in Fort Myers and Cape Coral real estate, see our Housing Statistics page. If you’d like to search for property in SW Florida, including Cape Coral, Lehigh Acres, Fort Myers, Estero, Bonita Springs, and all of SW Florida, visit our SW Florida MLS Property Search Website.
If you’re interested in Bank Owned Properties and Bank Foreclosures throughout Fort Myers, Cape Coral, and Lehigh Acres, visit our Bank Owned Bargains webpage.