After a unbelievable first eight months of the year, real estate sales in Southwest Florida were again strong in September. In fact, home sales for the year are up 120% in the Cape Coral-Ft. Myers and up 30% for Bonita Springs-Naples. September marked the fifteenth month in a row sales have climbed in both Lee and Collier counties. The Cape Coral and Ft. Myers market area saw total sales rise over 57% on a year over year basis and the Bonita Springs and Naples market area was far behind, up 31%.

Cape Coral and Ft. Myers Real Estate

Cape Coral and Ft.Myers Highlights:

• Single-family home sales were up 64% and totaled 1,185 sales.
• Condos sales were up 57% and totaled 230 units.
• Foreclosures and short sales continue to drag down the median price. The median price of single-family homes was $85,500, up 4% over August but still down 32% from last year. Condos faired a little better as their median price was down only 18% to $122,650.
• At the end of the September, there were 11,334 active residential properties listed in the Ft. Myers MLS. That’s a decrease of over 52% versus this time last year and reflects just 5 months worth of supply of inventory.

Bonita Springs and Naples Real Estate

Bonita Springs and Naples Highlights:

• Single-family home sales were up 25% and totaled 296 sales.
• Condos sales were up 38% and totaled 248 units.
• Foreclosures and short sales continue to drag down the median price. The median price of single-family homes was $195,000, down 31% from last year. Condos faired a little better as their median price was down only 23% at $179,000.
• At the end of the August, there were 9,209 active residential properties listed in the Naples-Bonita Springs MLS. That’s a decrease of 16% versus this time last year and reflects over a 10 months worth of supply of inventory.

With the latest news of the extention and expansion of the Home Buyer Tax Credit, sales are likely to remain brisk. So, if you’re thinking about getting a little piece of paradise for yourself and your family, now is the time to do it. Just come on down and join in on all the fun. You can be
certain that buying now may just get you the deal of a lifetime.

*Sales Data Statistics from SWFL and NABOR MLS

Tags: real estate, sales, SW Florida