December Housing Market Update

Lee County December Housing Market Update

The December housing market update for Lee County showed there was more than $1.138 Billion in properties closed during the month, up from $1 Billion last year. Both single family home and condo sales year-over-year decreased in Bonita Springs, Estero and Fort Myers.

Also notable was the percentage of cash transactions during the month which increased slightly to 45 percent of all transactions which was up slightly from 44 percent during November. The good news is the last 3 months have shown similar percentages which are down significantly from July when 65 percent of home sales were cash sales. So what are the implications? For buyers using a mortgage, you have more opportunities to enter into a contract on a property without having to go up against multiple cash offers.

Ultimately, demand continues to remain very strong for Southwest Florida and the nation as a whole. We continue to see reports from experts saying price growth will slow, however, it will not decrease. In fact, the Wall Street Journal and Realtor.com just released their annul Emerging Housing Markets Index and the west coast of dominated the list. Three of the Top 10 emerging housing markets are on Florida’s Gulf Coast:

Naples-Marco Island, Florida
Sarasota-Bradenton, Florida
Kahului-Wailuku, Hawaii
San Luis Obispo, California
San Jose-Santa Clara, California
Fort Myers, Florida
Fort Wayne, Indiana
Huntsville, Alabama
Raleigh, North Carolina
Burlington, North Carolina

We have real estate specialists who cover the Gulf Coast from Marco Island to Sarasota, so if you’re considering moving to the area, contact us for more information.

Lee County December Housing Update – Single Family Homes

December 2021 versus December 2020 Single Family Home Highlights:

Closed sales decreased 13.2 percent going from 1,648 transactions down to 1,431 sales.
Pending sales decreased 9.9 percent down from 1,455 last December versus 1,311 this December.
Inventory fell 36.2 percent down to 1,586 properties for sale compared to this same time last year when 2,485 homes were for sale.
New listings increased from 1,196 up to 1,238 which was a 3.5 percent increase.
Median days on market decreased to 15 days which was a 42.3 percent decrease versus December of 2020.
Available inventory of single family homes ended December with a 1 month supply of homes available for sale, or a 47.4 percent decrease.

Similar to last month, single family home prices showed a significant increases in the median sales price, up 27.6 percent for December of this year compared to last year at the same time. With limited inventory, prices will continue to rise. While leading industry experts note, the appreciation will start to slow to single digits, based on the latest statistics that has yet to show in the numbers.

Seller’s continue to have the advantage in the sales process. If you are considering buying a property, patience and persistence is the key to finding the right home. New listings are hitting the market every day, we can help you with automatic property alerts.

If you are thinking of selling, you are in the driver’s seat. Contact us today to learn about your home’s value in our current market. It may be more than you realize.

Lee County December Housing Update – Condos and Townhomes

December 2021 versus December 2020 Condo Highlights:

Condo sales decreased 16.4 percent going from 829 real estate transactions down to 585 sales.
Pending sales decreased 16.8 percent down from 714 last December to 594 this December.
Inventory decreased 76.7 percent down to 440 condos for sale compared to last December when there were 1,887 units for sale.
New listings decreased from 582 down to 525 which was a 9.8 percent decrease.
Median days to contract fell to 11 days which represented an 76.1 percent decrease versus December of 2020.
Available inventory of condos ended December with a less than 1 month supply of properties available for sale which was an 80 percent decline.

Condo sales followed similar patterns as the previous couple of months. Once again, the number of sales and inventory saw declines. Inventory levels of condos are especially challenging with less than a months worth of properties available for sale. Yet, similar to single family homes, there are still opportunities as new listings are added to the market every day.

Bottom line, it remains a seller’s market for both condos and single family homes. So now would be a great time to cash in on the high buyer demand. You might be surprised to learn how much your home is worth in today’s market. Wondering what the benefits are of using an agent sell your home? Learn why you may not want to go it alone…

What is my home worth…

Southwest Florida December Housing Market Update

Naples Golf Guy Monthly Report – NEW!

2021 Lee County December Housing Market Update Single Family Homes

2021 Lee County December Housing Market Update Condos

SWFL Luxury Golf Comm unity Trends

Naples Area Market Report

Begin Your Own Search for a Southwest Florida Vacation Home or Second Home:

December Housing Market Update for SWFL Golf Communities

So, if you’re ready to begin your search for your dream home or condominium in Southwest Florida, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate.

There are more than 150 different golf communities in our area and most of them have a private golf course within the community. It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities and more. We will help provide you with a list of the top private golf communities which match your lifestyle.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations via paperless transactions for your property from offer to close!

Should I use a Realtor if I’m buying New Construction?

Considering Selling Your SWFL Golf Home? Why Work with the Naples Golf Guy Team

It is a seller’s market so why should you work with a realtor? Do you have the time? There are over 180 actions required to successfully complete a real estate transaction. From scheduling showings, contract negotiations, organizing inspectors, attorneys, title companies and a mountain of paperwork.

With almost 20 years of experience helping sellers with their golf community real estate needs, we would like to share our strategy for how we’re helping maximize the number of offers homeowners are receiving and ultimately higher sales prices.

As an experienced real estate team, we have made a career out of helping people sell homes in premier golf communities. As you may well know, opportunities such as today’s market for sellers only comes every so often.

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Results You Can Count On

The Naples Golf Guy Team is committed to extraordinary customer service with an emphasis on detail. Professionalism, integrity and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. If you are a buyer, we are committed to helping you find the community which will allow you to live the ultimate Florida lifestyle in Paradise.