April Housing Update

April Housing Update for Lee County

The Lee County April housing update showed there was more than $1.387 Billion in properties closed during April, up from $629 Million last year. Similar to the first quarter of the year, pending sales for both single family homes and condos showed significant increases over the same time last year.

Due to the significant increases in closed and pending sales, inventory remains a challenge. The number of Lee County homes for sale fell more than 70 percent versus April of last year. Property prices continue to trend upwards due to the lack of inventory in Bonita Springs, Estero and Fort Myers.

Additionally, sellers are getting list price or close to list price for their homes. As a result, it remains a seller’s market. So, if you are considering selling, you are in the driver’s seat. Contact us today to learn about your home’s value in today’s market. It may be more than you realize.

April Housing Update – Single Family Homes

April 2021 versus April 2020 Single Family Home Highlights:

Closed sales increased 63.3 percent going from 1,170 transactions up to 1,911 sales.
Pending sales increased 84.5 percent up from 1,046 last April versus 1,930 this April.
Inventory fell 69.9 percent down to 1,509 properties for sale compared to this same time last year when 5,112 homes were for sale.
New listings increased from 1,007 up to 1,930 which was a 76.9 percent increase.
Median days on market decreased to 17 days which is a 64.6 percent decrease versus April of 2020.
Available inventory of single family homes ended April with a 1.1 months supply of homes available for sale, or a 74.4 percent decrease.

Similar to Naples and other areas of the country, we continue to see a shortage in inventory. However, unlike last month, new listings increased during the month. It is just not enough to keep up with the high buyer demand. With such low inventory, if you see a property you are interested in purchasing, be prepared to move quickly and do not be surprised if multiple offers are submitted.

If you are considering buy a home, we’ll help provide you with all the market information needed to submit a compelling offer to give you the best chance to win the deal.

How Much Should I Offer on a House?

April Housing Update – Condos and Townhomes

April 2021 versus April 2020 Condo Highlights:

Condo sales increased 108.7 percent going from 566 real estate transactions up to 1,181 sales.
Pending sales increased 199.2 percent up from 356 last April versus 1,065 this April.
Inventory decreased 72.1 percent down to 830 condos for sale compared to last April when there were 2,970 units for sale.
New listings increased from 433 up to 811 which was an 87.3 percent increase.
Median days to contract decreased to 23 days which was a 48.9 percent decrease versus April of 2020.
Available inventory of condos ended April with a 1.1 months supply of properties available for sale which was a 78.4 percent decrease.

Similar to single family homes, condo closings and those going to contract increased significantly during the month. At the same time, the number of homes for sale decreased more than 70 percent which brings us down to a 1.1 months’ supply of condos for sale.

On a positive note, new listings increased a little more than 87 percent over the same period last year. The increase in the number of properties coming to market is encouraging and gives buyers more options.

Bottom line, it remains a seller’s market. If you are considering selling a home, now is a great time to maximize the value of your home.

Southwest Florida April Housing Update

Lee County April Housing Report for Single Family Homes

Lee County April Housing Report for Condos

SWFL Luxury Golf Community Trends

Naples Area Market Report

Begin Your Own Search for a Southwest Florida Vacation Home or Second Home:

March Housing Update for SWFL Golf Communities

So, if you’re ready to begin your search for your dream home or condominium in Southwest Florida, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate.

There are more than 150 different golf communities in our area and most of them have a private golf course within the community. It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities and more. We will help provide you with a list of the top private golf communities which match your lifestyle.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations via paperless transactions for your property from offer to close!

Find a Real Estate Expert Who Specializes in Golf Community Real Estate

Look for an agent who specializes in the type of community or properties you are interested in buying or selling a home. If you are considering buying in a Southwest Florida Golf Community, there are more than 150 golf course communities to chose from. How do you know which one is right for you and your family? Find a specialist who has the knowledge and experience about golf community real estate to help you navigate the various clubs, courses, membership options, amenities and location that will best match your lifestyles.

“Luxury Lifestyle” has different meanings for different people. What does it mean to you? Golf course communities in our area have enhanced their amenities to provide members with the ultimate luxury experience. From wellness centers to pickleball and everything in between. We will help you identify the best communities to visit.

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