January Housing Market Update

Lee County January Housing Market Update

The January housing market update for Lee County showed there was more than $820 Million in properties closed during the month, up from $792 Million during the prior year. Both single family home and condo sales year-over-year decreased double digits in Bonita Springs, Estero and Fort Myers.

Once again the percentage of cash transactions during the month increased slightly up from 45 percent to 47 percent. If you end up in a multiple bid situation, be aware many sellers prefer a cash offer over a finance offer.

Florida remains a prime destination for people relocating to the area. A recent study shows we are the 4th most tax-friendly state behind Wyoming, Nevada and Alaska.

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 January Housing Update – Single Family Homes

January 2022 versus January 2021 Single Family Home Highlights:

Closed sales decreased 10.2 percent going from 1,224 transactions down to 1,099 sales.
Pending sales decreased 13.6 percent down from 1,901 last January versus 1,643 this January.
Inventory fell 31.1 percent down to 1,517 properties for sale compared to this same time last year when 2,203 homes were for sale.
New listings decreased from 1,610 down to 1,574 which was a 2.2 percent decline.
Median days on market fell to 17 days which was a 41.4 percent decrease versus January of 2021.
Available inventory of single family homes ended January with a 1 month supply of homes available for sale, or a 41.2 percent decrease.

Similar to last month, single family home prices showed a significant increases in the median sales price, up 26.4 percent for January of this year compared to last year at the same time. Even though industry experts continue to say growth will slow, we have yet to see that reflected in the actual local market data. As long as inventory remains extremely low, prices will continue to rise.

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, it’s a once in a lifetime opportunity to maximize your profits.. Contact us today to learn about your home’s value in our current market. It may be more than you realize.

Lee County January Housing Update – Condos and Townhomes

January 2022 versus January 2021 Condo Highlights:

Condo sales decreased 17.2 percent going from 618 real estate transactions down to 512 sales.
Pending sales decreased 32.2 percent down from 1,135 last January to 769 this January.
Inventory decreased 73.1 percent down to 436 condos for sale compared to last January when there were 1,621 units for sale.
New listings decreased from 878 down to 769 which was a 12.4 percent decrease.
Median days to contract fell to 10 days which represented an 78.3 percent decrease versus January of 2021.
Available inventory of condos ended January with less than 1 month supply of properties available for sale which was a 76.9 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 January Housing Market Update

2022 Lee County January Housing Market Update Single Family Homes

2022 Lee County January Housing Market Update Condos

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

southwest florida January Housing Market Update for 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.