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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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