Southwest Florida Recent Home Sales
Southwest Florida Recent Home Sales
The most recent Home Sales reports for Southwest Florida show a significant jump in pending sales for both single family homes and condos for the month of July. Single family homes going to contract increased by 61.3 percent and condos increased just over 50 percent. This is a clear indication buyers are actively looking for property in Southwest Florida. Homebuyers are reassessing their lifestyles and they are looking for larger homes with plenty of space for their family as well as a home office. Additionally, buyers have expressed their desire for homes located in safe gated communities.
Additionally, the supply of Southwest Florida homes for sale continues to fall to a point it is a seller’s market. As a result, the low inventory is driving prices up in our area. If you are considering selling, now would be a good time connect with a real estate professional to learn about your home’s value in today’s market.
Southwest Florida Recent Home Sales – Single Family Homes
July 2020 versus July 2019 Single Family Home Highlights:
- Home sales increased 12.3 percent going from 1,261 Lee County real estate transactions down to 1,416 sales
- Pending sales increased 61.3 percent up from 1,333 last July versus 2,150 this July
- Inventory fell 34 percent down to 3,579 properties for sale compared to this same time last year when there were 5,422 homes for sale
- New listings increased from 1,279 up to 1,437 which is a 12.4 percent increase
- Median days on market decreased to 105 days which is a 8.7 percent decrease versus July 2019
- Available inventory of single family homes ended July with a 3.1 months supply of homes available for sale which is a 36.7 percent decrease
Continuing the trends established in June, Lee County real estate activity increased significantly during the month of July. In particular, single family homes going to contract were up over 60 percent compared to 30 percent last month. Additionally, closed sales continued to rebound with a double digit increase compared to last month.
However, the increase in both closed and pending sales further depleting the available inventory. For the past four months, inventory has declined each month to a point we only have a 3.1 month supply of single family homes for sale in Lee County. Typically, a healthy level of inventory is considered to be 6 to 7 months of supply of homes for sale. Additionally, even though new listings increased compared to July of last year, Southwest Florida’s low inventory levels make it a seller’s market.
Lee County Recent Home Sales – Condos and Townhomes
July 2020 versus July 2019 Condo Highlights:
- Condo sales decreased 3.6 percent going from 586 Lee County real estate transactions down to 565 sales
- Pending sales increased 50.7 percent up from 535 last July versus 806 this July
- Inventory fell 9.5 percent down to 2,675 condos for sale compared to this same time last year when there were 2,957 units for sale
- New listings increased from 484 up to 704 which is a 45.5 percent increase
- Median days on the market decreased to 106 days which is a 17.2 percent decrease versus July 2019
- Available inventory of condos ended July with a 5 months supply of properties available for sale which is a 5.7 percent decrease
Similar to single family homes, condos going to contract increased significantly during July. Unlike single family homes, condo sales declined slightly during the month. On the bright side, new listings to the market increase increased more than 45 percent. The additional condos for sale is just not enough to keep up with buyer demand and with only 5 months’ supply of condos for sale means it’s still a sellers’ market.
So, if you are considering selling a home, now would be a great time. Survey’s have shown buyers are looking for larger homes with plenty of outdoor space, privacy, larger kitchens and a pool. Whether you are planning to sell now or sometime in the future, now is a good time to connect with an agent to learn what your home is worth. We’ll also share how we can leverage technology to help sell your home safely in today’s market.
Southwest Florida Recent Home Sales Reports
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 Naples Luxury Realtor
In today’s rapidly changing market, it’s critical to make sure you have a digital game plan and an effective online marketing strategy when selling your home, especially if you are selling a luxury home. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd, truly giving buyers a detailed and thorough view of your home.
So, if you’re ready to move forward, virtual practices we 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 the same 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
August 25th, 2020, Posted by NaplesGolfGuy