April Real Estate Review
2019 Lee County April Real Estate Review
The latest Lee County April Real Estate reports show the market is slowing which is normal for this time year. Closed sales have fallen for both single family homes and condos in the Bonita Springs and Estero areas. Additionally closed sales decreased for condos, however, pending condo sales ticked up by double digits. What’s most notable across all home types is the significant increase in the median number of days from listing to contract. The time to contract for single-family homes increased a staggering 94 percent. The median days on market for single-family homes rose to 130 days which is 4.3 months just to enter a contract. You’re looking at approximately 5.5 months from contract to close.
Similarly, condos median time to contract was up over 43 percent and median days to close were up 27 percent. Again, this means if you’re selling a condo in Bonita Springs or Estero you are looking at about 4.5 months from listing to close. As we head into summer, we could see these numbers increase even more. So what’s the good news? Based on the latest April real estate activity, a healthy market is one with 6-7 months supply of inventory which is right where we stand for the Bonita Springs and Ester area. This should lead to normal real estate activity levels over the next month.
2019 Lee County April Real Estate Activity for Single Family Homes
2019 Lee County April Real Estate Highlights for Single Family Homes
- Closed sales decreased 30.6 percent down to 100 from 144 homes sold
- Inventory increased 3.5 percent up to 681 compared to April of last year when there were 658 homes for sale
- Median days to contract increased to 130 days which represented a 94 percent increase
- Average sales price increased from $491,590 up to $565,042 or a 14.9 percent increase
- Total months’ supply of inventory fell 4.1 percent down to 7.1 percent
2019 Lee County April Real Estate Activity for Condos
2019 Lee County April Real Estate Highlights for Condos
- Closed sales decreased 2.2 percent down to 139 from 136 homes sold
- Inventory increased 1.6 percent up to 572 compared to April of last year when there were 563 homes for sale
- Median days to contract increased to 93 days which represented a 45.3 percent increase
- Average sales price increased from $311,690 up to $322,339 or a 3.4 percent increase
- Total months’ supply of inventory increased 1.5 percent up to 6.8 percent
View More 2019 Lee County April Real Estate Market Reports
Begin Your Own Property Search:
So, are you ready to begin your search for your Southwest Florida Luxury dream home or condo? 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 and would be happy to help you navigate more than 150 different golf communities in our area. If you prefer a more direct approach, we will provide a list of properties that meet your criteria and/or communities that meet your needs.
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 for your property from offer to close!
Considering Selling Your Home?
If you are looking to sell a home in Bonita Springs, Estero, Naples or Fort Myers we recommend you work with a real estate professional or consultant who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities. Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.
If you’re looking for a focused and goal-oriented Realtor in southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com
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May 27th, 2019 Posted by NaplesGolfGuy