Fort Myers June Housing Market Summary
The 3-month median price for Single Family Homes in Fort Myers continued to rise sharply, reaching $368,125 for the April-June quarter, some 25% higher than a year ago, and breaking decisively upwards from the $250-300,000 range of the previous 5 years:
Dramatic price movements often occur when the number of sales is small, but that has not been the case in Fort Myers, where sales have exceeded 1,000 per quarter for the last year:
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North Naples June Housing Market Summary
The 3-month median price for Single Family Homes in North Naples – the area from Pine Ridge Road to the Lee County boundary just short of Bonita Beach Road (see map below) covering zipcodes 34109,34110 and 34119 – continued to rise sharply, reaching $749,000 for the April-June quarter, some 35% higher than a year ago, and breaking decisively upwards from the $500-550,000 range of the previous 5 years:
Dramatic price movements often occur when the number of sales is small, but that has not been the case in North Naples, which has seen a major increase:
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Naples Beach June Housing Market Summary
The 3-month median price for Single Family Homes in Naples Beach – the area the area mostly to the East of 41 from Port Royal to Pelican Bay (see map below) covering zipcodes 34102,34103 and 34108 – continued to rise sharply, reaching $2.4 million for the April-June quarter, breaking strongly through the $2 million level:
Dramatic price movements often occur when the number of sales is small, but that has not been the case in the whole Naples area, which has seen a major increase:
Adjustable-Rate Mortgages Staging a Comeback
Applications for Adjustable-rate mortgages (ARMs) increased 12.5% year-to-year for the week ending June 18, according to the Mortgage Bankers Association (MBA), as the discount from the 30-year FRM has widened in recent weeks.
ARMs dropped in popularity after the 2008 financial crisis, but they are starting to reemerge as buyers contend with record high home prices. “The epic surge in home prices has people looking to save money on monthly payments anywhere they can,” says Matt Graham, chief of operations at Mortgage News Daily.
Source: Freddie Mac
Central Naples June Housing Market Summary
The 3-month median price for Single Family Homes in Central Naples – the area bounded by David Blvd, Goodlette-Franke, Pine Ridge and Collier Blvd. (see map below) covering zipcodes 34104,34105 and 34116 – continued to rise sharply, reaching $489,000 for the April-June quarter, breaking strongly through the $400,000 level:
Dramatic price movements often occur when the number of sales is small, but that has not been the case in the whole Naples area, which has seen a major increase – although less so in Central Naples:
South Naples June Housing Market Summary
The 3-month median price for Single Family Homes in South Naples – the area bounded by 41, David Blvd and Collier Blvd.(see map below) covering zipcodes 34112 and 34113 – continued to rise sharply, reaching $537,500 for the April-June quarter, breaking strongly through the $500,000 level:
Dramatic price movements often occur when the number of sales is small, but that has not been the case in the whole Naples area, which has seen a major increase:
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East Naples June Housing Market Summary
The 3-month median price for Single Family Homes in East Naples – which includes the areas to the East of Collier Blvd.(see map below) covering zipcodes 34114, 34117, 34120 and 34137 – continued to rise sharply, reaching $476,500 for the April-June quarter, breaking strongly through the $400,000 level:
Dramatic price movements often occur when the number of sales is small, but that has not been the case in the whole Naples area, which has seen a major increase:
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Naples Overall Market Summary in June
The 3-month median price for Single Family Homes in the whole Naples area continued to rise sharply reaching $605,000 for the April-June quarter, some 35% higher than a year ago:
Meanwhile sales, which have been in the 1,000-1,500 range per quarter in recent years, have seen a similar trend, reaching well over 2,000 in the most recent quarter: (more…)
Plans to turn Bonita Springs Greyhound Race Track into amusement park
According to NBC2, a plan is in the works to turn the Bonita Springs Greyhound Race Track into an amusement park.
The amusement park would be called “Adrenaline World,” and would be for the soon to be demolished grandstand building of the former Naples Fort Myers Greyhound Race Track off Bonita Beach Road. (more…)
Are you interested in buying a vacation home in the Naples area?
It is clear today that some homes are being priced at what is called an aspirational level. A good Realtor, however, will be able to guide you away from these. I am about to close on a house for a client in Southwest Florida for 17% less than the original, aspirational, list price.
This table shows the breakdown of sales and median prices by area of Naples (see map below). Please contact me to discuss the market and see how I can help you in your search for a vacation – or permanent – home.
Click on these links for detailed market reports: (more…)
Naples Housing Market Summary by area
This table shows the breakdown of sales and median prices by area of Naples (see map below). Please contact me to discuss the market and see how I can help you in your search.
Click on these links for detailed market reports: (more…)
North Naples May Housing Market report
North Naples includes the area from Pine Ridge Road to the Lee County boundary just short of Bonita Beach Road (see map below).
In the first 5 months of 2021 the median price of the 864 Single Family homes sold in North Naples was almost $720,000, while that of the 1,121 Condos sold was almost $306,000.
Single Family
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point
Naples Beach May Housing Market report
Naples Beach covers the area mostly to the East of 41 from Port Royal to Pelican Bay ( see map below). As such it includes the most expensive real estate in the Naples area, as demonstrated by the charts below.
For the first 5 months of 2021 the median price of the 597 Single Family sales was $2.25 million, while that of the 1,096 Condo sales was $799,000.
Single Family
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point
Central Naples May Housing Market report
Central Naples covers the area bounded by David Blvd, Goodlette-Franke, Pine Ridge and Collier Blvd.
In the first 5 months of 2021 the median price of the 415 Single Family homes sold was $436,000 and that of the 682 Condos sold $218,000
Single Family
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point
South Naples May Housing Market report
South Naples includes the area bounded by 41, David Blvd and Collier Blvd. See map below.
In the first 5 months of 2021 the median price of the 462 Single Family homes sold in South Naples was $509,500 and that of the 967 Condos $247,500.
Single Family
A rolling 12-month calculation represents the current month and the 11 months prior in a single data point