Wednesday, June 28, 2006
SW Florida Market Trends
Here are the latest market trends in the SW FL area Ft. Myers, Cape Coral, Sanibel, Ft Myers Beach, Bonita Springs. Brenner Realty has data for your specific area within each city. Contact us should you desire more information.
UNITS SOLD
1568 Jun 05
1206 Jul
1282 Aug
1201 Sep
1013 Nov
1022 Dec
838 Jan 06
853 Feb
1106 Mar
1080 Apr
1036 May
ASKED TO SOLD PRICE RATIO PERCENT
98.4 Jun 05
98.6 Jul
98.5 Aug
98.3 Sep
98.0 Nov
97.7 Dec
97.5 Jan 06
97.1 Feb
96.9 Mar
96.6 Apr
96.6 May
AVERAGE SELLING PRICE
329,762 Jun 05
333,761 Jul
333,721 Aug
328,709 Sep
338,854 Nov
338,538 Dec
329,571 Jan 06
346,275 Feb
310,866 Mar
328,755 Apr
344,115 May
As you can see the prices are not going down as the cost of construction is increasing, however, many listing asking prices were based on a expected appreciation that is not happening. Therefore, the sold price is only 96.6% of the original asking price. The number of units sold is more normal now.
UNITS SOLD
1568 Jun 05
1206 Jul
1282 Aug
1201 Sep
1013 Nov
1022 Dec
838 Jan 06
853 Feb
1106 Mar
1080 Apr
1036 May
ASKED TO SOLD PRICE RATIO PERCENT
98.4 Jun 05
98.6 Jul
98.5 Aug
98.3 Sep
98.0 Nov
97.7 Dec
97.5 Jan 06
97.1 Feb
96.9 Mar
96.6 Apr
96.6 May
AVERAGE SELLING PRICE
329,762 Jun 05
333,761 Jul
333,721 Aug
328,709 Sep
338,854 Nov
338,538 Dec
329,571 Jan 06
346,275 Feb
310,866 Mar
328,755 Apr
344,115 May
As you can see the prices are not going down as the cost of construction is increasing, however, many listing asking prices were based on a expected appreciation that is not happening. Therefore, the sold price is only 96.6% of the original asking price. The number of units sold is more normal now.
