January Housing Update

January Housing Update for Lee County

The Lee County January housing update continued to show a significant increase in closed sales activity for both single family homes and condos for the month. In all, more than $618 Million in properties closed during the month of January up from $491 Million last year. Also, pending sales for both single family homes and condos 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.

January Housing Update – Single Family Homes

January 2021 versus January 2020 Single Family Home Highlights:

Closed sales increased 34.2 percent going from 912 transactions up to 1,224 sales
Pending sales increased 25.6 percent up from 1,514 last January versus 1,901 this January
Inventory fell 60.1 percent down to 2,203 properties for sale compared to this same time last year when there were 5,519 homes for sale
New listings decreased from 1,796 down to 1,610 which was a 10.4 percent decrease
Median days on market decreased to 29 days which is a 50 percent decrease versus January 2020
Available inventory of single family homes ended January with a 1.7 months supply of homes available for sale which is a 63.8 percent decrease

There seems to be no end in sight to the demand for single family homes in the Lee County area. And as buyers continue to go to contract quickly on homes listed, the sales prices have increased in excess of 20 percent over last January. The work from home trend continues to drive buyers to Southwest Florida. Buyers are looking for large single family homes with plenty of space for a home office, school children working from home, home fitness and ample space for the entire family.

Additionally, baby boomers continue to move up their time table to relocate to the area and either retire or purchase a second home. With such low inventory, if you see a property you are interested in purchasing, be prepared to move quickly and expect multiple offers to be submitted.

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 January Housing Update – Condos and Townhomes

January 2021 versus January 2020 Condo Highlights:

Condo sales increased 26.4 percent going from 489 real estate transactions up to 618 sales
Pending sales increased 45.1 percent up from 782 last January versus 1,135 this January
Inventory decreased 47.8 percent down to 1,621 condos for sale compared to this same time last year when there were 3,106 units for sale
New listings decreased from 962 down to 878 which was a 8.7 percent decrease
Median days to contract decreased to 46 days which was a 28.1 percent decrease versus January 2020
Available inventory of condos ended January with a 2.6 months supply of properties available for sale which was a 50.9 percent decrease

Similar to single family homes, condo closings and those going to contract increased significantly during January. At the same time, the number of homes for sale decreased more than 45 percent which bring us down to a 2.6 months’ supply of condos for sale. As a result, seller’s have the advantage in today’s market.

If you are ready to make a move to Southwest Florida, let’s connect to discuss your real estate needs.

Southwest Florida January Housing Update

January 2021 Housing Report for Single Family Homes

January 2021 Housing Report for Condos

SWFL Luxury Golf Community Trends

Naples Area Market Report

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.

Do I need a Realtor if I’m Buying New Construction?

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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.

Should I Use a Realtor or Sell on My Own?