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Cape Coral and Fort Myers Real Estate: 3rd Quarter 2011 Sales Review

Posted by Benjamin Dona on Sunday, October 23rd, 2011 at 12:34pm.

The 2011 third quarter Cape Coral and Fort Myers real estate market statistics for both home and condominium sales are listed below.

Cape Coral known as "The Cape,"  is a boater's and fisherman's paradise and offers almost 200 miles of salt water canals with Gulf access.

  • In comparison with 2010 3rd Quarter sales data, we saw a 15% decrease in the number of Cape Coral home sales and a 19% increase in the number of Cape Coral condominium sales. The average price for homes rose by 47% while the average price for condominiums rose by 31%. At the end of the quarter, there were 1,797 active residential properties listed in the Cape Coral MLS. That's a decrease of 17% versus this time last year.
  • Total sales year-to-date were 4,653, down 3% over this time last year. Pending sales were up 31% over last year and totaled 2,371. The median price of all existing properties was $102,950, up 13% from a year ago. The median price for properties sold above $300,000 was $382,500, up 2% from $374,000 in 2010.

Fort Myers is called the "City of Palms."  It is a metropolis bustling with historical, cultural, and ecological attractions and is now a blend of both young and old alike.

  • In comparison with 2010 3rd Quarter sales data, we saw a 16% increase in the number of Ft. Myers home sales and a 22% decrease in the number of Ft. Myers condominium sales. The average price for homes was flat while the average price for condominiums rose by 13%. At the end of the quarter, there were 3,963 active residential properties listed in the Ft. Myers MLS. That's a decrease of 16% versus this time last year.
  • Total sales year-to-date were 10,407 down 4% over this time last year. Pending sales were up 40% over last year and totaled 1,962. The median price of all existing properties was $126,000, up 10% from a year ago. The median price for properties sold above $300,000 was $515,000, up 4% from $495,500 in 2010.

Cape Coral and Fort Myers Closed Sales 2005 - 2011

Cape Coral and Fort Myers Closed Sales 2005 - 2011

*Sales Data Statistics from SWFL MLS.

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About the Author

Gulf Coast Associates, RealtorsBenjamin Dona is the Broker and Owner of Gulf Coast Associates, Realtors in Bonita Springs, Florida. He holds two advanced degrees, an MBA and an MA, and has an extensive background in both business and marketing. In 1998, he founded Gulf Coast Associates, and formed a group of like-minded Realtor® associates dedicated to offering professional Southwest Florida real estate services by concentrating on information, education and the use of leading edge technologies. He also is a recognized expert on the "Net," a much-quoted and read blog author, and a contributor to both national and international news outlets. Benjamin is a member of the National Association of Realtors, the Florida Association of Realtors, and numerous local real estate boards throughout Southwest Florida.

Contact Benjamin Dona at 239-948-3955



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