Fort Myers Cape Coral Market Report
Welcome, please find the most recent updates from RPCRA (Royal Palm Coast REALTOR Association; Cape Coral & Fort Myers)
Market Report for Cape Coral and Fort Myers from Barry Hoey PA & Kimberly Zuponcic PA with the Hoey Team ☘ Brokered by eXp Realty, in Southwest Florida.
April 2020 Report:
Closed Home Sales Up Double Digits again in March
Year-over-year sales were up over 15 points for single-family and townhouse/condominium properties versus March 2019 amid the Covid19 Pandemic.
FORT MYERS, Fla. – Lee County’s housing market saw a double-digit increase in closings in both the single-family and townhouse/condominium categories in March, compared to the same period a year ago.
Year-over-year, sales were up by 15.6% for single-family and 16.4% for townhouses and condominiums, according to figures just released by Florida Realtors®, an umbrella organization for Realtor® groups throughout the state.
March also showed a median sale price double digit increase of 11.4% for single-family and 5.7% in the townhouse/condominium category. Inventory is down for both.
Year-over-year, local inventory of single-family dwellings is down significantly at 22.6% as shown in active listings – a 4.5-month supply.
In the townhouse/condominium category, listings were down 23.4% versus March 2019.
That translates to a 5.1-month supply.
Time spent on the market in March was 61 days for single-family homes and 70 days for townhouses and condominiums.
Broken down by city, single-family homes in Sanibel/Captiva and on Pine Island saw the largest increase with a jump in sales more than 50% over last year, with a combined 58 closed sales compared to 38 in March 2019.
Bonita Springs experienced an increase of 31% for single-family homes sold with 109 closed sales.
Fort Myers Beach posted a 33.3% decrease in single-family compared to last year and was the only city to show a decrease in March.
When looking at closed sales by price point, most were up.
The under-$50,000 category showed the highest decrease, while the biggest increase was in properties priced at $1 million or more – a 66.7% gain.
If you are looking to buy or sell a home in Southwest Florida, contact Barry & Kim with the Hoey Team ☘ who are based in Naples, directly serving Fort Myers through Marco Island and have the experience; track record; skills; additional education; knowledge and the most desirable credentials to correctly provide an accurate market comparison and efficiently negotiate a sale with impressive results. Please ask for or click here to check out our sales stats and testimonials to help verify this.
For home owners / sellers considering to sell a home in Naples, Cape Coral, Fort Myers, Estero, Bonita Springs, or any part of Southwest Florida; if you want to upsize, or downsize, contact Barry and Kimberly with the Hoey Team ☘ brokered by eXp Realty who have the reputation, experience; work ethic, local market knowledge; and the best possible tools & systems to provide an accurate market comparison so you can determine the right asking price to achieve the best possible bottom line. Our vast array of marketing methods / tools and negotiation skills are second to none.
REALTORS Barry & Kim can also ensure your next purchase in the Southwest Florida market area is a success in an efficient, stress free way.
For all of Collier County; Lee County; Covering all of Southwest Florida and beyond with our growing team; find out more at: www.HoeyTeam.239RealEstateDeals.Com or contact Barry or Kim via email at Barry@SWFLLuxury.Com or KimZuponcic@Gmail.com or, Call/Text the Hoey Team ☘ : (239)-360-5527
Please inquire or feel free to share this update with others.
Barry & Kim with the Hoey Team ☘ Brokered by eXp Realty
Barry Hoey PA, REALTOR®, CIPS, CLHMS, CRS, GRI
Full time Real Estate Broker Associate
Kimberly Zuponcic PA, Realtor, CRS
Full time Real Estate Sales Associate
"Your Real Estate Concierge"
Call/Text Hoey Team: (239)-360-5527
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