Southwest Florida January 2019 Real Estate Statistics

For January 2019, according to the Estero and Bonita Springs Florida Realtors Associaiton® (BEAR), both single family homes sales and condo sales fell by double digits compared to January of last year. At the same time, inventory for both property types increased double digits when you compare January of 2018 to January 2019. Additionally, the average sales price increased for both condos and single-family homes. Overall, inventory remains within the 6-7 months supply range which is indicative of a healthy market.

Estero and Bonita Springs Florida Single Family Home Statistics – January 2019

January 2019 Single Family Home Highlights:

Closed sales decreased from 73 in Jan. 2018 down to 63 in January 2019 which is a 13.7 percent decrease
Pending sales decreased 12.4 percent from 121 down to 106 compared to the previous January
Average sales price increased 14.1 percent up to $572,683 from $501,938 a year ago
Inventory of active listings went up to 727 from 650 which is an 11.8 percent increase versus the prior year
Supply of Inventory decreased slightly from 7.5 months down to 7.4 months

The single-family home market in the Bonita Springs and Estero area remains healthy with 7.4 months supply of inventory.

Estero and Bonita Springs Florida Condo Statistics – January 2019

January 2019 Condo Highlights:

Closed sales decreased from 89 in Jan. 2018 down to 65 this year which was a 27 percent decrease
Pending sales decreased 18.4 percent from 125 down to 102 compared to January of the previous year
Average sales price increased 7.3 percent up from $276,738 in January 2018 up to $296,984 in January of this year
Inventory of active listings increased to 594 from 663 which is an 11.6 percent increase versus last year
Supply of Inventory increased from 7.6 months up to 7.7 months

If you are considering purchasing a condo in Estero or Bonita Springs Florida, the latest real estate statistics reinforce now is a good time to move forward. Inventory continues to increase which gives buyers more options. Although the market is still in the healthy range with 6 to 7 months supply of inventory, it’s starting to approach a buyers market. As we move closer to the end of season, we are seeing price reductions to a point where those properties priced correctly are selling quickly.

Begin Your Own Property Search:

So, if you’re ready to begin your search for your Southwest Florida Luxury dream home or condo, 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 and would be happy to help you navigate the more than 150 different golf communities in Southwest Florida. If you prefer a more direct approach, we will provide a list of properties that meet your criteria and/or communities that meet your needs.

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 for your property from offer to close!

Considering Selling your home?

If you are looking to sell a home in Bonita Springs, Estero, Fort Myers or Naples, we encourage you to work with a REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities. Contact us today to learn how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price.

Bottom Line:

If you’re looking for a focused and goal-oriented Realtor in Naples, Estero, Bonita Springs or Fort Myers Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, a luxury home, luxury vacation home, luxury golf home or dream home, call me or text me on my mobile phone at 239-370-0892 or email me at Matt@NaplesGolfGuy.com

About Matthew Klinowski, PA