Fort Myers Beach 2021 Market Report
Fort Myers Beach sits on a little barrier island, about seven miles long, and the beach is fabulous – wide, gradually sloping, and thick with the area’s justifiably famed sand.
The median SF price increased throughout 2021, especially in Q4, while the median Condo price was stable after the big jump in Q2.
In the table below note the Quarter by Quarter increase in median price per sq.ft. (PSF). When looking at price increases it is important to remember that building costs have also gone up substantially in the last 2 years. (more…)
Fort Myers 2021 Market Report
Fort Myers is a gateway to the Southwest Florida region and a major tourist destination within Florida, served by Southwest Florida International Airport (RSW).
The real estate market saw quarter to quarter growth throughout 2021 and especially in Q4 when limited supply curtailed sales volumes but not prices.
In the table below note the Quarter by Quarter increase in median price per sq.ft. (PSF). When looking at price increases it is important to remember that building costs have also gone up substantially in the last 2 years. (more…)
Naples Year End Market Report by Location and Property Type
This reports shows the median prices for different property types for 2020 and 2021 for Naples overall, and also broken down by the 5 areas of Naples. At the end of the article is a map of Naples zipcodes together with a link to my Guide to Buying and Selling in Southwest Florida.
The market statistics produced by Realtor Boards provide a lot of useful information, but group together what to me are wholly different categories – e.g. Detached Villas with Single Family, Attached Villas with Condos. Here then is what I hope will be a more useful and informative analysis, which shows the breakdown using the categories that make sense to me. I also include definitions of the different property types after the charts.
First, the overall market in Naples, showing that median prices increased from 20-29%:
And now by area:
(more…)
Florida Dodges Bullet as Storm Season Set to End
While for the second consecutive year the hurricane season has exhausted a list of storm names, Florida has had brushes with only three named systems – Elsa, Fred and Mindy – that were mostly rainmakers with tropical-storm force winds.
All things considered, the state has been relatively unscathed in the highly active storm season, allowing emergency staff in Florida – who also needed to react to wildfires and the COVID-19 pandemic – to continue addressing lingering impacts of past storms.
“We’re still working Hurricane Michael. We’re still working Hurricane Irma, Matthew, Hermine, Dorian and so on,” said Kevin Guthrie, director of the state Division of Emergency Management. “So, yeah, it was good for us to be able to work on some of those past disasters and get them working towards closing out.”
For a third year, Florida can chalk up the outcome of the six-month season to luck or the fate of wobbles. The 2021 hurricane season officially ends on Dec. 1. (more…)
Naples October Market Summary
This infographic is a summary of the overall market in October. Since it includes all types – whether multi-million single family or manufactured houses – in one analysis, it should be regarded more as a general overview rather than providing information on specific market sectors.
For more detailed reports read Naples area Fall Market Reports
And these articles:
Guide to Buying and Selling in Southwest Florida
The Europeans have started to Arrive
Are Mortgage Rates really under 3%?
How accurate are Zillow’s Zestimates?
Andrew Oliver
REALTOR®| Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com
_____________
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
International Tourism to Return to Southwest Florida
While Collier County is on pace to see record tourism this year, and Southwest Florida International Airport is seeing record passenger numbers, most of this activity stems from visitors within the State and elsewhere in the US. But that could be about to change.
International tourism to return
International tourism has been almost non-existent in Southwest Florida this year, due to COVID-related travel restrictions that will soon ease.
The U.S. will lift restrictions for fully vaccinated international visitors starting Nov. 8, which is expected to benefit the region in a big way, with the anticipated return of Europeans to the region. (more…)
Travelers are returning to Southwest Florida to find low inventory
Travelers are returning to Southwest Florida after the pandemic grounded flights and restricted some from coming, and RSW has announced new international flights from Frankfurt and Montreal, along with Midwestern and Northeast Destinations.
One recent arrival, Mark Keegans of Toronto, said: “I think the weather is the biggest thing, and my wife and I are looking at buying a place down here to spend the winters down here.” (NBC-2)
Really, really low Inventory (more…)
Fort Myers Beach Q3 2021 Market Report
Fort Myers Beach sits on a little barrier island, about seven miles long, and the beach is fabulous – wide, gradually sloping, and thick with the area’s justifiably famed sand.
The median price increased significantly in 2021, especially for Single Family homes.
Pine Island Q3 2021 Market Report
Only 30 minutes from Fort Myers but a world apart, secluded Pine Island offers a quiet, laid-back atmosphere, plenty of great fishing, and lush natural environment.
Most of Pine Island is Single Family homes, often on a canal leading to open waters. Median prices showed steady increase throughout the year. All but 5 of the 2021 Condo sales were in Bokeelia.
Sanibel/Captiva Q3 2021 Market Report
Sanibel Island Beaches are some of the most unique barrier islands of the world, having an east-west orientation when most islands are north-south. Captiva Island is just over a small bridge which crosses at Turner Beach.
Sales and median prices dropped from Q2 to Q3 as a result of the usual summer slowdown in sales.
Bonita Springs/Estero Area and Community Market Reports
I have published the following Fall Market reports:
Bonita Springs Fall Market Report
Estero Fall Market Report
Bonita Bay Fall Market Report
Pelican Landing Fall Market Report
Spanish Wells Fall Market Report
Naples area Fall Market Reports
Foreign Buyers May Return in November
Mortgage rates back to 3% – again
Andrew Oliver
REALTOR®| Market Analyst | DomainRealty.com
Naples, Bonita Springs and Fort Myers
Andrew.Oliver@DomainRealtySales.com
m. 617.834.8205
www.AndrewOliverRealtor.com
www.OliverReportsFL.com
_____________
Market Analyst | Team Harborside | teamharborside.com
Sagan Harborside Sotheby’s International Realty
One Essex Street | Marblehead, MA 01945
www.OliverReportsMA.com
Andrew.Oliver@SothebysRealty.com
Sotheby’s International Realty® is a registered trademark licensed to Sotheby’s International Realty Affiliates LLC. Each Office Is Independently Owned and Operated
Bonita Bay Fall Market Report
With 56 neighborhoods, homeowners can choose from coach homes, single family custom homes, multi-unit villas, or waterfront high-rise luxury living.
The apparent large drop in the Single Family median home price in Q3 simply reflects the small number of sales during the slower summer months.
Bonita Springs Fall Market Report
Known as the “Gateway to the Gulf” – Bonita Springs enjoys the charm of small town living with sprinkles of magnificent upscale communities and businesses.
Sales showed a seasonal slowdown from Q2 to Q3, while the median Single Family home price also dropped.
Estero Fall Market Report
Estero is sandwiched along Florida’s Gulf Coast between Naples to the south and Fort Myers to the north and lays claim to Florida Gulf Coast University and serves as a relaxing destination.
Median prices in all categories have increased steadily this year, while sales saw the usual seasonal slowdown in Q3.
Spanish Wells Fall Market Report
The community of Spanish Wells Golf & Country Club consists of 8 subdivisions, 7 of which are not bundled.
The apparent large increase in the Single Family median price in Q3 simply reflects the small number of sales in the summer months.
