Luxury home sales raise SW Florida real estate prices in 2021. In December the average sales price was $567,481 while the median sales price was $399,000. Of the 1,367 sales in December, 124 were for $1 Million plus. 263 sold for $700k +. 528 sold for $500k+. Certified Luxury Agents Brett and Sande Ellis are… Continue reading
Southwest Florida home sales prices stabilized in the 3rd quarter. Statistically, homes prices were neither increasing nor decreasing to end the quarter. If you look at the graph, Southwest Florida is subject to seasonality in prices, and we are entering a time when home prices traditionally start climbing again. Covid threw a monkey wrench into… Continue reading
Ever since Covid-19 hit people have been speculating we would see another wave of foreclosures hitting the market. Experts talked about how many homes were utilizing mortgage assistance and how this would impact the market in the future. We see distressed sales practically non-existent in 2021 and going forward, and we’ll explain why. In June,… Continue reading
May 2021 Southwest Florida sales prices rose 38.7% versus May 2020. Average sales prices were up 46% since the same time last year. Cash sales are up 176.5% since last year which is helping fuel these steep price increases. Financed buyers are having a hard time competing against cash buyers. Cash buyers do not need… Continue reading
One of the things we have admired about Gary Keller, founder of Keller Williams, was his ability to see and predict the future. Gary does not see himself as smarter than everyone else but rather a student of the industry. He looks at life and business with questions, and it is these questions that bring… Continue reading
Real estate sales prices rose over 20% since last November in Lee County. The median sales price last year was $262,500. This year it was $319,150 for a 21.6% gain. Average real estate sales prices last year were $335,357. This year it stands at $422,452. That is a whopping 26.0% gain. October year over year… Continue reading
The latest news release from Florida Realtors show Lee County Florida home sales down 6.8% in April but still up from 2016 and 2017 levels. We are seeing increasing inventory and time on the market, and home prices are flat. Total dollar volume of sales was down 12.3%, so we’re definitely experiencing a shifting market.… Continue reading
At last week’s Ellis Team meeting we asked our buyer specialists how they did the past week and what they were working on this week. One agent just sold 3 homes that week, and another sold 2, and another sold 1. Each agent was working with 3-4 buyers that were going to purchase in the… Continue reading
Southwest Florida December home sales were down 5.5% from last year and pending inventory fell 8.4% from last year, a worrisome sign to agents heading into 2017. December 2016 may be an abnormal year as we just came off the most contentious election cycle I can remember. January sales normally don’t start heating up until… Continue reading
Low Inventory Leads to Quick Home Sales in SW Florida If you price it right, they will come. We’ve been saying this for years, and it’s true. Perhaps you’ve read recent headlines that shows home sales are down. This would also be true but not for the negative reason the headline implies. Simply put, home… Continue reading