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Real Estate Stats for SW Florida Real Estate - February 2014

Details of real estate market in SW Florida October 2013
Median Sale Price:
Locally, the median home sale price for single family homes are up slightly 1.7% from last month, up to $180,000.  This an increase of 27.2% from the same month a year ago.  The median sales price for condos and townhomes remained about the from a month ago, but is still up about 20.8% year over year. 

Inventory of homes:
Housing inventory is about the same from a month ago, but is about 4% lower that the same time last year. 
This is a good number as it helps keep our market in balance.  This represents a 6.1 months supply of inventory.  Experts typically equate an inventory level of 6 months or more to a buyers market; and less than 6 months a sellers market. Average days on market are 46 days for single family homes and 51 days for condos and townhomes; which is still a very robust number.

Conclusion:
We are off to a good start of our "season" which officially starts the first of the year and runs to Easter.  Even though the over-all Inventory remains a good balanced number, the inventory of properties <250k is significantly lower and could result in a bit of a seller's market in these price ranges.    interest rates remain low gives the average buyer continued buying power.  Increases in median sales price result in fewer and fewer people are underwater.  View Real Estate Market Stats per zip code.

If you would like more detailed information on SW Florida real estate market statistics, please contact us at dave@thelangteam.net.

 



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Why search for SW Florida real estate here? National real estate search sites like Realtor.com, Trulia and Zillow display only syndicated information; the result (much of the time) is old information.  As much as 30% of their listings are NOT on the market anymore.  Our search DOES pull direclty out of the local MLS so you can search for properties just as your real estate agent would.  This search tool gives you access to ALL properties on the market in real time.  Enjoy.

Fort Myers Beach

The Lang Team of Keller Williams Realty specializes in the Fort Myers and Cape Coral areas of Lee County Florida and are very familiar with current market trends and dynamics of the local real estate market.  Please let us know if you have any questions about the area or about a particular property that you see here or anywhere else; we would love to assist you in your home search.  You can connect with David Lang directly here.

Feel free to use this web site to gather information on the real estate market and current trend in real estate in
SW Florida including Cape Coral, Fort Myers, Fort Myers Beach and surrounding Lee County, FL.  You can also obtain information on local SW Florida beaches, get up to date real estate news, real estate market statistics, and much more.   

If you currently own property here in SW Florida and are thinking of placing it on the market, this site contains information about:  current real estate statistics, preparing your home for sale, selecting the right Realtor, pricing your home appropriately, marketing it effectively, going through the inspection processes, and receiving a timely market evaluation.  Market reports for individual neighborhoods are availible at NO CHARGE.  In addition, we offer a
free Comparative Market analysis to help you with evaluating your property's current market value.  All of this is free of charge and with no obligation; just contact us and let us know how we can help.


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