Lately we’ve had multiple offers on several of our listings, especially in the $250,000 price range and under. We thought it would be good to update the months supply of inventory graph so buyers and sellers could see what price ranges are Hot.

Months Supply of Inventory  SW Florida

Months Supply of Inventory Hot Spots:

As you can tell by the graph, anything up to about $300,000 has a low supply of inventory.  All price ranges have come down since we last posted this graph in January.  The $200,000-$400,000 numbers haven’t moved much.  Back in January the $200-250 range was 4.92 months and today it’s down to 4.90 months. The $250-300 range was 6.19 months and today it’s down to 5.55 months. The $300-400 range was 7.83 back in January and today it’s at 7.24. All lower numbers but not much movement.

Where we have seen some significant progress is in the $600,000+ ranges.  The $600-1 Million range was at 15.96 months back in January and today it’s down to 13.77 months.  The $1 Million + homes was at 32.61 months which was almost a 3 year supply of homes on the market.  Today that number is at 21.34 months.  We’ve shaved almost a whole year off those inventory levels which is pretty remarkable in only 5 months.

Homes sitting at $400,000 and above have been competing in recent months with new construction.  Even many of those homes have been bought up so inventory is tightening in some sub-markets. For instance, we’ve sold several new homes at Hampton Park.  They just ran out of inventory until December.  Sales at the Plantation have been strong as well.

When builders run out of inventory it does throw buyers back into the resale market, if the price is right.  Speaking of prices, we had over 300 potential sellers check out our online pricing tool last week.  Many found that to be a useful tool to see where they stand in the market as they contemplate potential changes.  If you’re considering moving up or moving out, now might be a great time to speak with us.  We can present you with your options.

One reader didn’t like the bank’s recent appraisal on his home so he used our service.  He didn’t like that price either as it was very close to the bank appraiser’s number and he was hoping for a higher number so he could refinance.  We’ve never been to the property so we can’t say, but it does show that our service in many cases should be close or at least in the ballpark to what banks are appraising for.

We had several readers comment on our new Marketing in High Definition Program as well. www.HomesInHD.TV We are using a drone to take high definition video outside and high definition video on the inside and putting together a professional video for buyers.

The advantage to video is the online video is 53 times more likely to be found on 1st page of Google and Bing than any other form of content, and the Ellis Team is leading the way to getting seller’s property rated high online.

If you’re thinking of selling, you should call the Ellis Team at RE/MAX.  If you’re buying, you’ll want to check out our videos at

If you’re shopping for a home, keep in mind which price range it is in.  If your agent tells you there are other offers on the home, chances are there are, especially in certain price ranges.  Make your offers accordingly.  You might want to refer to our Top 10 Tips For Buying a Home in Today’s Market

Good luck and Happy House Hunting!!!

Preview our Latest Listing in High Definition
5731 Kensington Loop
Bell Tower Park

Whether you’re ready to list your home today or just get an update on prices, we’re here to help. To get your home listed and marketed in High Definition simply call the Ellis Team at RE/MAX Realty Group 239-489-4042 or email us at or To search the MLS visit  To learn more about Hi Def video for your home visit HomesinHD.TV

Visit our Google+ Business Page Search the MLS Search For Homes in Reflection Lakes Fort Myers

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Fort Myers Real Estate Agent

View Properties For Sale in Fort Myers $400,000-$500,000

Thinking of Selling Automated computer home valuation system SW Florida real estate

Thinking of Selling? Sellers have read that home prices are up and interest rates are low, so they’re curious if it would make sense to consider a move right now.  Many have been trapped in their home for so long they forgot what it was like to have options.

They want to take advantage of low interest rates but many are not sure they have enough equity to make a move.  The whole process can seem daunting.

For years the Ellis Team has played with several online valuation models to help curious homeowners out.  We’re excellent at counseling sellers and going over options, but many don’t even want to waste our time until they get a sense that they can do this.  The online valuation models were all over the place until now.

Automated computer home price analysis Fort Myers real estate

No online valuation will ever take the place of what we do; how could it?  The computer has never been inside your home or the homes it’s using as a basis to compare yours to.  It’s just a computer.  We have found one that does a decent job though.

If you’re considering selling simply go to  In just a few easy steps it asks for your property address, brings up an aerial view of your home and asks you to verify if it has the home size, bedrooms, and bathrooms correct in the database, and voila’ it sends you a beautiful automated selling price analysis for your home complete with a map of comparable sales, a list of comparable sales along with their selling price, date sold, price per sq ft, and more.  It also provides neighborhood ratings and will email you instant alerts on changes to your home’s value.

It’s free to use and very helpful.  All we ask is that if you decide to sell now or in the future, you at least give us a shot and see what we can do for you when you’re interviewing agents.

We’re experts at guiding you through the home selling maze.  We understand many pieces of the puzzle have to fall into place and many times we can offer suggestions to help you.  We’ve helped thousands of homeowners through this process so we’ve gained some experience along the way that can really help you make better decisions.

If it’s just preliminary information you’re seeking, we’ve got tools like this website for that. If you need more detailed information or have questions about how the process would work for you, we’re always here to talk to.  We’re not pushy salespeople; we sincerely like to help people.  Whether you’re buying or selling today or perhaps years from now, the Ellis Team is here to help.  To search the MLS visit and you can always call us at 239-489-4042


Good luck and Happy Buying/Selling!

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