Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for September 2019

Beautiful home
Status: Active

1947 Gordon River Ln, Naples, FL

Price: $1490000

4 Bedrooms

4 Bathrooms [ 3 Full, 1 Half ]

219004118

Beautiful home
Status: Just Listed

14885 Donatello Ct, Bonita Springs, FL

Price: $379900

3 Bedrooms

3 Bathrooms [ 2 Full, 1 Half ]

219061738

Beautiful home
Status: Active

14674 Topsail Drive, Naples, FL

Price: $459000

4 Bedrooms

3 Bathrooms [ 3 Full ]

219054023

Beautiful home
Status: Active

970 Cape Marco Dr. #2303, Marco Island, FL

Price: $5495000

5 Bedrooms

5 Bathrooms [ 4 Full, 1 Half ]

219010042

Fort Myers Beach heats up in August!

(Fort Myers, FL – September 20, 2019) – Lee County’s housing market saw a small decrease in closed sales compared to August 2018, according to the latest statistics just released by Florida Realtors®. Year-over-year, sales were down by -2.7% for Single Family and a -12.1% decrease for Condos & Townhouse.

August showed Median Sale prices were up slightly at 1.6% for Single Family, and down -4.3% for Townhouse and Condos . Inventory is down a bit with year-over year for Single Family at -3.9% in Active Listings, showing a 4.6 Months Supply of Inventory. Active listings were down by -5.3% year-over-year for Townhouses and Condos with a Months Supply of Inventory of 4.9, a drop from 5.1. The time properties spent on the market in August, was 82 Days for Single Family Homes and 88 Days for Townhouses and Condos.

Broken down by cities, Single Family in Fort Myers Beach saw a tremendous jump up in sales of 150.0% over last year, with 10 closed sales compared to 4 in August 2018. Fort Myers also saw an increase 10.8.7% of Single Family Homes sold with 308 closed sales. The remaining Cities all saw a decrease compared to August 2018.

When looking at Closed Sales by Price Point, the numbers were down for most of the Single Family with the excepetion of the $200,000-$249,999 and $400,00- $599,99 price range at 10.3% & 23%. Condos and Townhouse market saw an increase in most of the price ranges with the $1,000,000 and above topping it at 166.7%. The under $100,000 price range took the largest decrease at -100% and - 21.4%.

SOURCE: ROYAL PALM COAST REALTOR ASSOCIATION

August Home Sales Strong as Prices Hold Steady

Naples, Fla. (September 20, 2019) – Closed sales of homes in Collier County increased 7.4 percent in August, but overall inventory fell 17.8 percent to 4,917 properties compared to 5,980 in August 2018, according to the August 2019 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). This reduction in inventory – which included 616 homes that were either terminated, expired or withdrawn from the Southwest Florida MLS in August – resulted in a six-month supply of inventory for Collier County at the end of August.

"We know that traditionally, inventory will begin to creep up in September, October and November as many sellers try to get a jump on the competition that might list their properties closer to our winter season,” said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. “But the pre-season months (September through November) can be a great time for buyers as well. Buyers will find less competition [from other buyers] in the pre-season months. They will also get an early peek at properties that will probably sell during season.”

The August ShowingTime report indicated that local REALTORS® scheduled 16,878 appointments during August. This is an increase of 16 percent compared to showings in August 2018. On average, a home in the Naples area is shown 16 times before it secures a contract.

Broker analysts reviewing the August Report are leery of sales activity next year as sellers will face market uncertainty brought on by a presidential election. In the third quarter of 2016 – right before the last presidential election – overall closed sales in Collier County decreased 14 percent compared to closed sales during the third quarter of 2015.

Budge Huskey, President of Premier Sotheby’s International Realty added, “The overall market is very healthy today based on the average person’s financial position continuing to improve in tandem with the economy. Yet in the luxury and upscale second homes markets, which are often elective, buyers tend to have a longer-term horizon and base investment decisions on where they believe the economy and markets will be a year or more out in the future. Accordingly, there are mixed signals and sentiment.”

Incidentally, the $300,000 to $500,000 price category led closed sales in August with a 10.1 percent increase followed by closed sales of properties under $300,000, which increased 6.5 percent. Closed sales of homes between $1,000,000 and $2,000,000 decreased 5.7 percent.

“Sales of single-family homes were up almost 10 percent this August,” said Huskey. “Despite the reduced inventory overall, new listings coming on the market were up 4 percent in August and builder inventory is up as well.”

The median closed price in August decreased just 0.2 percent to $317,918, which is only $582 lower than the median closed price in August 2018 ($318,500). In fact, price increases have only been reported in two of the last 12 months (October 2018, 3.7%; and April 2019, 3.4%).

“We don’t know how changes in the political climate will affect the housing market in 2020,” said Wes Kunkle, President and Managing Broker at Kunkle International Realty. The August Report showed median closed prices for homes below $300,000 and homes between $1 million and $2 million decreased 4 percent in August, while homes between $300,000 and $1 million showed no change in median closed prices.

Kunkle added, “We have an entire generation of first-time homebuyers who have never seen interest rates over 6 percent. With the recent quarter percentage point cut in interest rates, there isn’t been a better time to lock in and buy than now!”

Geographically, closed sales of single-family homes in the East Naples are (34114, 34117, 34120, 34137) increased the most in August by 35.6 percent followed by closed sales of single-family homes in North Naples (34109, 34110, 34119), which increased 15.6 percent. Jeff Jones, NABOR® President and Broker at Keller Williams Naples, added, “There were 1,443 price reductions made during August [29 percent of the total homes listed], which is important for buyers as this is an indication that many sellers are eager to sell!”

SOURCE: NABOR

When do you plan to buy?
We can help!

Take the first step by getting a FREE report with all the answers to your questions. Enter your zip code below to get ALL the information in less than 60 Seconds!

What type of property do you plan to buy?

When do you plan to buy?

How would you rate your credit score?

Is this your first property purchase?

How will this property be used?

What is the estimated purchase price of your next home?

$120,000   to   $500,000

What is your estimated down payment?

5% Down

Zero Down

More Than 50% Down

What is your gross annual household income?

$25,000 to $45,000

More Than $250,000

$0 to $25,000

What is your employment status?

Are you working with a real estate agent?

What is your full name and email?

Please enter your full name.
Please enter your Email.
Please enter a valid email address.
or use your Facebook instead

What is your phone number?

Please enter your phone.
The Brad Dohack Team
The Brad Dohack Team
  • Gulf Pointe Properties
  • Phone: 239-494-5156
Thank you

I'll be reaching out to you shortly. In the meantime, please feel free to call or text me with any questions.
Visit me online at http://www.GulfPointeProperties.com

Real Estate Resource Center

Real Estate Reports for Home Owners, Sellers & Buyers!

25 Factors That Impact Your Home Value

25 Factors that Impact Your Home Value! 😃 💰

Download Guide for Free
Report Cover

Property Watch: How to Find The Best Home Deals In Your Area

How to Find The Best Home Deals In Your Area Guide! 👩🏻‍💻 🏡

Download Guide for Free
Report Cover

12 Mistakes To Avoid When Selling Your Home

FREE Guide: 12 Mistakes to Avoid When Selling Your Home! 🏡 💵

Download Guide for Free
Report Cover

6 Things To Check Before Buying A Home

FREE Guide: 6 Things To Check Before Buying A Home! 🏡 💵

Download Guide for Free
Report Cover

Maps & Local

Schools

Reviews

Highly likely to recommend

Responsive, professional, and genuinely a wonderful agent for us. To say we highly recommend is an understatement! He was available at odd hours and weekends. Truly devoted to his profession.

Read more 08/17/2021 - zuser20160210121513578
Bought a home in 2021 for approximately $175K in Villas, Fort Myers, FL 33907.

Highly likely to recommend

Bob was awesome to have in our corner. He not only helped with a video walkthrough he was also there to see that everything went smoothly before and after closing. Will work with him again.

Read more 08/15/2021 - zuser20170107085629799
Bought a town home in 2021 in Entrada, Cape Coral, FL 33909.

Highly likely to recommend

Cristen was incredibly helpful and attentive helping my father buy a new home in a time crunch! She was thoughtful and caring and patient- and found him the perfect house. Thank you Cristen!

Read more 08/04/2021 - jeanna golpira
Bought a single family home in 2021 in Cape Coral, FL 33904.

Highly likely to recommend

We reached out to Cristen through a family member and she immediately returned our phone call. We came from out of state looking for a winter home plus a location near our grandchildren who were moving ...

Read more 07/20/2021 - stromersdj
Bought a town home in 2021 in Fort Myers Shores, Fort Myers, FL 33905.

Highly likely to recommend

Cristen was so wonderful to work with!!! She made buying a home in Florida easy! She was always available and responded very fast. We had lots of questions and if she didn’t know the answer she always ...

Read more 06/25/2021 - kamilak1
Bought a home in 2021 in Lochmoor Waterway Estates, North Fort Myers, FL 33903.

© Zillow, Inc., 2006-2018. Use is subject to Terms of Use
What's a Zestimate?

Zillow Real Estate Search

View More Listings

Click the property below to view the virtual tour of each listing.

Free Property Valuation

Schedule a Tour

Choose your date. It's free cancel anytime.