Everyone seems to ask how the market is doing. Usually the answer depends on where you live, price range, and several factors. It’s not always as cut and dried because within the overall market we have several sub-markets that fluctuate independently of each other. Here are Southwest Florida October Housing Statistics by City.
We decided to release some numbers we look at each month. One of these metrics is the breakdown by city. Before we discuss the numbers, we must first be careful not to read too much into one-month data. If a city has a low number of sales each month, the data can fluctuate wildly any given month. Secondly, in 2017 we were impacted by Hurricane Irma. In some cases, it hurt sales last year, and in others it increased sales last October because they were delayed from September.
Southwest Florida October Housing Statistics by City
Since all that is out of the way, here we go. Bonita Springs led the way with a 43.9% increase in closed sales, but again, it’s a small data set. Sanibel/Captiva slowed the most followed by Estero, again with small data sets.
Moving over to price changes, Sanibel/Captiva led the way with a 59.7% increase in median price. This might explain why fewer sales, although we think it has more to do with the mix that sold that month. Bonita Springs, Fort Myers Beach, and Pine Island saw price decreases while the rest of Lee County saw mild to moderate increases. Fort Myers and Cape Coral did particularly well given that each has a large data set, and both scored gains in closed sales and pricing. Lehigh Acres and North Fort Myers were the only two areas besides Fort Myers and Cape Coral to record gains in pricing and sales activity.
A lot of people made a big deal about water quality and how it affected home sales. By the numbers, it didn’t seem to harm Fort Myers, Cape Coral, North Fort Myers, or Lehigh Acres. Did it hurt Fort Myers Beach, Sanibel/Captiva, Pine Island or Bonita Springs? Possibly, but the numbers are mixed, and again it’s only one-month data.
Search Homes by City
We have a section on our website www.LeeCountyOnline.com where you can search for homes by city, neighborhood, or even get neighborhood market reports. We have several neighborhoods setup and saved, and you can create your own as well if you don’t see your neighborhood listed.
The neighborhood market reports are nice because they show you active listings, pending sales, and sold listings along with data and photos of each. You can signup to have these reports emailed to you monthly, bi-weekly, or weekly. These are different than neighborhood saved searches in that they contain much more data. Saved neighborhood searches can be emailed to you daily. Market reports can only be emailed weekly or greater because of all the extra detail.
We provide more data than any other website we know of, and yet there is no substitute for speaking with us if you’re considering making a move. The data we provide is Free to use. We hope it helps you in making the best decision for your family. Sometimes it’s the experience, wisdom, and marketing behind the data that matters.
These homes don’t sell themselves. Even when people think a home sells itself, there was still marketing involved to expose the buyer, negotiating the contract, inspections, etc. A lot goes into making a transaction come together. Most people don’t realize only 4% of prospective buyers can buy. They need help, perhaps selling another property, getting financed, etc. This is where agents come in, and experience matters.
If you’re looking to purchase, sell, or both, you should call the Ellis Team at Keller Williams Realty. 239-489-4042. We don’t sell anything. We listen, educate, and help you achieve your goals.
Good luck and Happy Selling!
Ellis Team Weekend Open Houses
Open House Saturday Dec 8th 1-3 PM
2008 Bolado Pkwy Cape Coral, FL 33990