Collier County property values up 20% in last year

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Despite the destructive force of Hurricane Ian, property values in Collier County have not only held steady but have actually increased significantly. According to the county’s tax roll data released on July 1, property values have risen by 20% since last year, reaching a total of $222.5 billion, up from $185.3 billion in 2022.

Several factors have contributed to the rise in property values in 2023. High construction costs, increasing land values, a tight inventory, and higher sale prices have all played a significant role in this upward trend, as reported by the Collier County Property Appraiser’s Office.

Concerns that Hurricane Ian would negatively impact property values have been proven unfounded. (more…)

Sanibel May Market Summary

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Single Family

Condos

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  • Andrew Oliver, M.B.E., M.B.A.
    Real Estate Advisor
    Andrew.Oliver@Compass.com
    www.TheFeinsGroup.com
    www.OliverReportsFL.com
    m: 617.834.8205
    ———-
    800 Laurel Oak Drive, Suite 400, Naples, FL 34108
    ———-
    Licensed in Massachusetts
    www.OliverReportsMA.com

 

Sanibel Market Summary February 2022

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Sanibel/ Captiva 2021 Market Report

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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, median prices and prices per sq.ft (PSF). all grew strongly in 2021. The drop in the Condo median price from Q3 to Q4 was the result of the mix of sales: the median PSF increased slightly.
When looking at price increases it is important to remember that building costs have also gone up substantially in the last 2 years.

And read these recent articles:
Guide to Buying and Selling in Southwest Florida
Naples Year End Market Report by Location and Property Type
Can the Federal Reserve prevent a Recession?

Andrew Oliver, M.B.E., M.B.A.
Real Estate Advisor
Andrew.Oliver@Compass.com
www.TheFeinsGroup.com
www.OliverReportsFL.com

Compass
800 Laurel Oak Drive, Suite 400, Naples, FL 34108
m: 617.834.8205

Licensed in Massachusetts
www.OliverReportsMA.com