November 2018 Real Estate Statistics

Southwest Florida November 2018 Real Estate Statistics

For November 2018, according to the Estero and Bonita Springs Florida Realtors Associaiton® (BEAR), both single family homes sales and condo sales increased compared to November of last year. Additionally, inventory of condos increased double digits up 14.6 percent compared to November 2018. Most importantly, the amount of inventory on the market is just over a 6 month supply of homes for sale. This is considered a balanced and stable market.

Estero and Bonita Springs Florida Single Family Home Statistics – November 2018

November 2018 Single Family Home Highlights:

Closed sales increased from 73 in November 2018 up to 80 this year which is a 9.6 percent increase
Pending sales decreased 17.9 percent from 106 down to 87 compared to last November
Inventory of active listings went up to 614 from 566 which is an 8.5 percent increase versus last year
Supply of Inventory decreased from 6.6 months down to 6.1 months

Estero and Bonita Springs Florida Condo Statistics – November 2018

November 2018 Condo Highlights:

Closed sales increased slightly from 60 in November 2018 up to 61 this year which is a 1.7 percent increase
Pending sales decreased 34.6 percent from 104 down to 68 compared to last November
Inventory of active listings increased to 577 from 502 which is a 14.9 percent increase versus last year
Supply of Inventory decreased from 6.7 months down to 6.5 months

If you are considering purchasing a home in Estero or Bonita Springs Florida, the latest real estate statistics reinforce now is a good time to move forward as residential real estate prices continue to remain steady and availability of homes on the market is plentiful as we head into the new year.

Begin Your Own Property Search:

So, if you’re ready to begin your search for your Southwest Florida Luxury dream home or condo, I encourage you to explore my website to find information about communities in the area. If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in Southwest Florida. If you prefer a more direct approach, I 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, I may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, I 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 or Naples, I 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 100 other golf communities. Contact me 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 or Bonita Springs 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