December Housing Update
December Housing Update for Lee County
The Southwest Florida December housing update for Lee County showed a significant jump in closed sales activity for both single family homes and condos for the month. Closed sales of single family homes increased 35 percent and condos increased 34.8 percent. Pending sales for both single family homes and condos also showed significant increases over the same time list year.
As a result of the increased closed and pending sales, the number of homes for sale continues to fall and it remains a seller’s market. Home prices continue to trend upwards due to the lack of inventory in Bonita Springs, Estero and Fort Myers.
So, if you are considering selling, you are in the driver’s seat. Now would be an an excellent time to connect with a real estate professional to learn about your home’s value in today’s market.
December Housing Update – Single Family Homes
December 2020 versus December 2019 Single Family Home Highlights:
- Closed sales increased 35 percent going from 1,221 transactions up to 1,648 sales
- Pending sales increased 39.8 percent up from 1,041 last December versus 1,455 this December
- Inventory fell 53.2 percent down to 2,485 properties for sale compared to this same time last year when there were 5,312 homes for sale
- New listings increased from 1,177 up to 1,196 which is a 1.6 percent increase
- Median days on market decreased to 26 days which is a 54.4 percent decrease versus December 2019
- Available inventory of single family homes ended December with a 1.9 months supply of homes available for sale which is a 58.7 percent decrease
Activity over the past six months continues to set new records setting. Once again, the Lee County area saw a significant amount of single family homes closing as well as homes going to contract. Also, there was a significant decrease in the number of days from a property being listed until it went under contract. Buyers should be prepared to make an offer quickly if they see one they are interested in purchasing. Not only are properties going to contract quickly, there are often multiple offers being submitted at the same time.
On a positive note, new listings increased at the end of the year. However, inventory is still extremely limited. We are down to a 1.9 months’ supply of single family homes for sale. Typically, a healthy level of inventory is considered to be 6 to 7 months’ supply of homes.
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.
Lee County December Housing Update – Condos and Townhomes
December 2020 versus December 2019 Condo Highlights:
- Condo sales increased 34.8 percent going from 615 real estate transactions up to 829 sales
- Pending sales increased 35.7 percent up from 526 last December versus 714 this December
- Inventory decreased 36.8 percent down to 1,887 condos for sale compared to this same time last year when there were 2,985 units for sale
- New listings decreased from 602 down to 582 which was a 3.3 percent decrease
- Median days to contract decreased to 46 days which was a 33.3 percent decrease versus December 2019
- Available inventory of condos ended December with a 3.0 months supply of properties available for sale which was a 42.3 percent decrease
Similar to single family homes, condo closings and those going to contract increased significantly during December. At the same time, the number of homes for sale decreased more than 40 percent which bring us down to a 3 months’ supply of condos for sale. Therefore, we continue to be in a sellers’ market.
Ultimately, homebuyers are looking for larger homes in a gated community. With the flexibility to work from anywhere, many families are looking for homes with plenty of space for a home office, home fitness, home schooling and ample room for the whole family.
Finally, interest in second homes or vacation homes in a warm, sunny climate to spend the winter are driving sales in all of Southwest Florida.
If you are ready to make a move to Southwest Florida, let’s connect to discuss your real estate needs.
Begin Searching for Luxury Homes for Sale in Southwest Florida:
So, if you’re ready to begin your search for properties for sale in a gated golf community in Southwest Florida, we encourage you to explore our website to find information. If golf is your game, we specialize in golf community real estate and would be happy to help you navigate the various golf communities to find the best golf homes available.
If you prefer a more direct approach, we will provide a list of golf homes that meet your criteria and/or communities that meet your needs. For more information about the best properties in private golf clubs in southwest Florida please reach out to us directly!
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 purchasing. If you are considering 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.
Selling Your Home? Work with an Experienced Luxury Realtor
It is a seller’s market so why work with a realtor? There are over 100 actions required to complete a real estate transaction. From scheduling showings, contract negotiations, organizing inspectors, attorneys and a mountain of paperwork. We’ll save you time!
Additionally, we’ll help ensure your home is priced to maximize the return on your investment.
To ensure you obtain the highest value for your home, it is critical to expose your home to as many potential buyers as possible. As such, a digital game plan and an effective online marketing strategy will help you secure the best and highest offer on your home.
So, if you’re ready to move forward, our virtual practices can help make your sale happen. We know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to a survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:
- Virtual tour of the home
- Accurate and detailed listing information
- Detailed neighborhood information
- High-quality listing photos
- Agent-led video chat
- Paperless transactions
So, if you are contemplating selling a home in Bonita Springs, Estero, Naples or Fort Myers, we encourage you to work with a Professional Real Estate Agent or REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price.
Now more than ever, an agents presence on the internet is critical to selling your home. Let’s connect to talk about how we would leverage new real estate technology such as virtual tours and high end photography, e-mail marketing, social media marketing and much more.
Finally, 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.
Contact Matt: Matt@NaplesGolfGuy.com
January 28th, 2021, Posted by NaplesGolfGuy