Sanibel, Fort Myers & Cape Coral Real Estate Update
Market Minute Southwest Florida
Sanibel Island 1st quarter 2017 vs 2016
First Quarter sales statistics show Sanibel is out ahead with outstanding sales performances. Property sales data show that Sanibel is up 11% (eleven percent) for the first quarter. A surge of Gulf Front property sales has lifted the volume up 21% over the same period last year.
Clients coming to the island this year were more interested in properties that were not necessarily near beach or with gulf access, but just classified as “inland” homes. Canal front homes were also more popular than the same period last year.
Sanibel listings offer more choices this year which favors buyers in negotiating. Our office is looking forward to a solid second quarter and has had a record setting March for written deals. This is the time that you should consider owning the best of Florida.
Ft Myers sales 1st quarter 2017 vs 2016
Sales are up 10%! Single family homes in the $300,000-600,000 range where up over 49%. The trend in recent days has been the number of pendings has exceeded new listings. If this continues, the inventory will be depleted and the buyers will start competing again and driving up prices.
Cape Coral Sales 1st quarter 2017 vs 2016
Sales are up 7% but the volume is hit 18% higher! Big reason, under $200,000 priced sales have dried up, coupled with the $400,000 to $600,000 price range is up 74%!
Waterfront properties are popular in the SE and SW Cape!
Naples, Bonita, Estero 1st quarter 2017 vs 2016
A very busy month in March helped push first quarter closings ahead of last year. Inventory continued to climb over prior year, but at a slower pace in many areas, than in the past. Median and average sales prices remained stable when compared to Q1 2017
Jay@sanibelmarketplace.com | 239-233-3520