SECOND QUARTER MARKET REVIEW FOR 2019€¦ · Bring Your Highest Expectations ™ John R. Wood Properties, Bring Your Highest Expectations. SANIBEL/CAPTIVA ISLANDS Single Family Homes

Bring Your Highest Expectations™

SECOND QUARTER MARKET REVIEW FOR 2019

Sanibel and Captiva Islands / Fort Myers / Fort Myers Beach / Cape Coral


John R. Wood Properties, Bring Your Highest Expectations.

SANIBEL/CAPTIVA ISLANDS

Single Family Homes

The median sales price over the past 12 months decreased 1.8% compared to the preceding 12 months from $811,000 to $796,125, while the 12-month average price decreased 9.6%, from $1,189,321 to $1,075,618.

With 86 single family closings posted during the second quarter, sales were down 6.5% from the second quarter of 2018. Sales over the past 12 months were down 20.8% compared to the preceding 12-month period, from 240 to 190.

Condominiums

The median sales price over the past 12 months increased 1.9% compared to the preceding 12 months from $597,250 to $608,625, while the 12-month average price fell 6.7%, from $727,585 to $678,532.

With 53 condominium closings during the second quarter, sales were down 8.6% from the second quarter of 2018. Sales over the past 12 months decreased 10.7% compared to the preceding 12-month period, from 168 to 150.

FORT MYERS

Single Family Homes

The median sales price over the past 12 months increased 2.4% compared to the preceding 12 months from $298,500 to $305,625, while the 12-month average price fell 3.3%, from $365,149 to $352,966.

With 808 single family home closings during the second quarter, sales were up 5.3% from the second quarter of 2018. Sales over the past 12 months increased 3.9% compared to the preceding 12-month period, from 2,406 to 2,501.

Condominiums

The median sales price over the past 12 months increased 3.7% compared to the preceding 12 months from $168,280 to $174,457, while the 12-month average price was static at $196,442.

With 982 condominium closings during the second quarter, sales were up 3.3% from the second quarter of 2018. Sales over the past 12 months increased 2.1% compared to the preceding 12-month period, from 2,998 to 3,061

FORT MYERS BEACH

Single Family Homes

The median sales price over the past 12 months was static compared to the preceding 12 months at $558,613, while the 12-month average price rose 6.5%, from $722,500 to $769,137.

With 29 single family home closings during the second quarter, sales were down 43.1% from the second quarter of 2018. Sales over the past 12 months were down 26.4% compared to the preceding 12-month period, from 144 to 106.

Condominiums

The median sales price over the past 12 months increased 9.5% compared to the preceding 12 months from $355,625 to $389,500, while the 12-month average price rose 7.8%, from $392,007 to $422,401.

With 97 condominium closings during the second quarter, sales were down 7.8% from the second quarter of 2018. Sales over the past 12 months were down 4.4% compared to the preceding 12-month period, from 270 to 282.

CAPE CORAL

Single Family Homes

The median sales price over the past 12 months increased 6.9% compared to the preceding 12 months, from $232,763 to $248,850, while the 12-month average price rose 6.2%, from $281,661 to $299,223.

With 1,586 single family home closings during the second quarter, sales were up 2.7% from the second quarter of 2018. Sales over the past 12 months were static with the preceding 12-month period at 5,047.

Condominiums

The median sales price over the past 12 months fell 1.8% compared to the preceding 12 months from $160,875 to $157,915, while the 12-month average price rose 5.5%, from $193,134 to $206,747.

With 220 condominium closings during the second quarter, sales were up 11.7% from the second quarter of 2018. Sales over the past 12 months decreased 8.1% compared to the preceding 12-month period, from 704 to 647.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data.”

Fort Myers data does not include Lehigh Acres or Notth Fort Myers



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FORT MYERS

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FORT MYERS BEACH

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CAPE CORAL

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Documents

SECOND QUARTER MARKET REVIEW FOR 2019€¦ · Bring Your Highest Expectations ™ John R. Wood Properties, Bring Your Highest Expectations. SANIBEL/CAPTIVA ISLANDS Single Family Homes