March Housing Update

March Housing Update for Lee County

The Lee County March housing update showed there was more than $1.275 Billion in properties closed during March, up from $731 Million last year. Similar to January and February, pending sales for both single family homes and condos showed significant increases over the same time last year.

Due to the significant increases in closed and pending sales, inventory remains a challenge. The number of Lee County homes for sale fell more than 72 percent versus March of last year. Property prices continue to trend upwards due to the lack of inventory in Bonita Springs, Estero and Fort Myers.

Additionally, sellers are getting close to list price for their homes and in some cases, more than list price. As a result, it remains a seller’s market.

So, if you are considering selling, you are in the driver’s seat. Contact us today to learn about your home’s value in today’s market. It may be more than you realize.

March Housing Update – Single Family Homes

March 2021 versus March 2020 Single Family Home Highlights:

Closed sales increased 30.1 percent going from 1,415 transactions up to 1,841 sales.
Pending sales increased 70.7 percent up from 1,259 last March versus 2,149 this March.
Inventory fell 72.1 percent down to 1,510 properties for sale compared to this same time last year when there were 5,416 homes for sale.
New listings increased from 1,501 up to 1,806 which was a 20.3 percent increase.
Median days on market decreased to 22 days which is a 63.9 percent decrease versus March of 2020.
Available inventory of single family homes ended March with a 1.1 months supply of homes available for sale which is a 75.6 percent decrease.

Similar to Naples and other areas of the country, we continue to see a shortage in inventory. However, unlike last month, new listings increased during the month. It is just not enough to keep up with the high buyer demand. With such low inventory, if you see a property you are interested in purchasing, be prepared to move quickly and do not be surprised if other offers are submitted.

If you are considering buy a home, we’ll help provide you with all the market information needed to submit a compelling offer to give you the best chance to win the deal.

How Much Should I Offer on a House?

March Housing Update – Condos and Townhomes

March 2021 versus March 2020 Condo Highlights:

Condo sales increased 62.5 percent going from 754 real estate transactions up to 1,225 sales.
Pending sales increased 111.5 percent up from 616 last March versus 1,303 this March.
Inventory decreased 71.7 percent down to 861 condos for sale compared to this same time last year when there were 3,042 units for sale.
New listings increased from 759 up to 924 which was a 21.7 percent increase.
Median days to contract decreased to 35 days which was a 50 percent decrease versus March of 2020.
Available inventory of condos ended March with a 1.3 months supply of properties available for sale which was a 74.5 percent decrease.

Similar to single family homes, condo closings and those going to contract increased significantly during the month. At the same time, the number of homes for sale decreased more than 70 percent which bring us down to a 1.3 months’ supply of condos for sale.

Despite the low inventory, unlike last month when new listings decreased 7 percent, March inventory increased almost 22 percent. While, seller’s still have the advantage in today’s market, it is encouraging to see more properties coming to market.

Bottom line, it remains a seller’s market. If you are considering selling a home, now is a great time to maximize the value of your home.

Southwest Florida March Housing Update

Lee County March Housing Report for Single Family Homes

Lee County March Housing Report for Condos

Naples Golf Guy Monthly Report – NEW!

SWFL Luxury Golf Community Trends

Naples Area Market Report

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

March Housing 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!

Find a Real Estate Expert Who Specializes in Golf Community Real Estate

Look for an agent who specializes in the type of community or properties you are interested in buying or selling a home. If you are considering buying in a Southwest Florida Golf Community, there are more than 150 golf course communities to chose from. How do you know which one is right for you and your family? Find a specialist who has the knowledge and experience about golf community real estate to help you navigate the various clubs, courses, membership options, amenities and location that will best match your lifestyles.

“Luxury Lifestyle” has different meanings for different people. What does it mean to you? Golf course communities in our area have enhanced their amenities to provide members with the ultimate luxury experience. From wellness centers to pickleball and everything in between. We will help you identify the best communities to visit.

Do I need a Realtor if I’m Buying New Construction?

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Selling Your Home? Work with an Experienced Luxury Realtor

It is a seller’s market so why work with a realtor? There are over 180 actions required to complete a real estate transaction. From scheduling showings, evaluating multiple offers, contract negotiations, organizing inspectors, attorneys and a mountain of paperwork. We’ll save you time!

Additionally, we’ll help ensure your home is priced to maximize the return on your investment.

To ensure you obtain the highest value for your home, it is critical to expose your home to as many potential buyers as possible. As such, a digital game plan and an effective online marketing strategy will help you secure the best and highest offer on your home.

So, if you’re ready to move forward, our virtual practices can help make your sale happen. We know exactly what today’s buyers need, and how to put the necessary digital steps in place. For example, according to a survey, when asked to select what technology would be most helpful when deciding on a new home, here’s what today’s homebuyers said, in order of preference:

Virtual tour of the home
Accurate and detailed listing information
Detailed neighborhood information
High-quality listing photos
Agent-led video chat
Paperless transactions

So, if you are contemplating selling a home in Bonita Springs, Estero, Naples or Fort Myers, we encourage you to work with a Professional Real Estate Agent or REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price.

Now more than ever, an agents presence on the internet is critical to selling your home. Let’s connect to talk about how we would leverage new real estate technology such as virtual tours and high end photography, e-mail marketing, social media marketing and much more.

Finally, 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 the maximum price.

Should I Use a Realtor or Sell on My Own?