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

 

Click Here to View Live Stats for the Overall Fort Myers Market Area

 

Click Here to View Live Stats for All of the Southwest Florida Market Areas

 

Click Here to Instantly Find Your Home’s Value

 

Please inquire or feel free to share this update with others. 

 

Thanks 

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

 

Buying-Selling-Leasing-Relocation-International-Collaboration

 

"Your Real Estate Concierge"

 

Barry@SWFLLuxury.Com

Call/Text Hoey Team:  (239)-360-5527

eXp Realty

Southwest Florida

 

Hoey Team   Luxury Collection:   www.SWFLLuxuryCollection.Com

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