Estero, Florida Real Estate Sales Report for 2007

The 2007 Estero real estate sales statistics for both homes and condominiums are listed below. Estero is ideally located between Ft. Myers and Bonita Springs and is currently in the process of building and developing wherever you travel in the area. Developers are offering every type of community you can imagine, from large gated and planned communities, to smaller town centre type projects where the amenities are built around a self-contained lifestyle.

Estero is one of the last areas to be developed in south Lee County and purchasing property here may be very fortuitous for future owners. Estero offers excellent schools, health care, and of course, year round sunshine. Development in Estero is controlled by Lee County with special amendments for area. Its residents wish to retain the old river front town feeling with intelligent and comprehensive development to include building height restriction, extensive road development, and the blending of commercial buildings with an Olde Florida or Mediterranean design.

Estero Sales Data

Estero Home Sales 2007*:

• 347 Closed Sales
• Average Sales Price - $433,254
• Median Sales Price - $345,000
• Average Days on Market - 132
• Price/Sq. Foot - $188.29

Estero Condominium Sales 2007*:

• 172 Closed Sales
• Average Sales Price - $241,901
• Median Sales Price - $209,000
• Average Days on Market - 167
• Price/Sq. Foot - $162.45

In comparison with 2006 sales data, we've seen a 4% decrease in the average price for homes and a 27% decrease in the average price for condominiums. Average days on market rose by 21% for homes and 41% for condominiums.

Like many areas in Southwest Florida, you'll find that Estero has an excess of inventory. The upside of all this inventory is that most of it is new construction and the builders are offering numerous upgrades and price concessions. Bella Terra and Grandezza are two of the better known communities and both offer numerous amenities and a laid back lifestyle. Savvy buyers, with an experienced agent, are finding some really incredible deals.

The key is knowing where to look and how best to negotiate on the price.So, if you would like to explore more of what the Estero Real Estate market has to offer, please contact us at Gulf Coast Associates, Realtors® and we'll be happy to assist you.

*Sales Data Statistics from NABOR & SWFL MLS

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