Ft. Myers Beach Real Estate Sales Update- January to March 2008

The January thru March Ft. Myers Beach real estate sales statistics for both homes and condominiums are listed below. Ft. Myers Beach is the "happening" locale on Southwest Florida's Lee Island Coast. Ft. Myers Beach offers every amenity you can imagine- from seven miles of wide sandy beaches, golf, boating, fishing and more than anything else - relaxing. The Beach as its known, is eclectic and diverse. It draws visitors from all over the world and you'll find all sorts of folks from generations of families to Easter Break kids. There's nothing else quite like it anywhere in Southwest Florida.

Ft. Myers Beach Sales Data

Ft. Myers Beach Home Sales Jan-Mar 2008*:

• 21 Closed Sales
• Average Sales Price - $689,500
• Mean Sales Price - $475,500
• Price/Sq. Foot - $437.42
• Average Days on Market - 135

Ft. Myers Beach Condominium Sales Jan-Mar 2008*:

• 46 Closed Sales
• Average Sales Price - $455,041
• Mean Sales Price - $401,000
• Price/Sq. Foot - $317.01
• Average Days on Market - 159

In comparison with 2007 sales data, we've seen a 16% decrease in the number of home sales and a 24% increase in the number of condominium sales. The average price of homes decreased by 6% and the average price of condominiums decreased by 16%. Average days on market rose by 9% for homes and by 4% for condominiums. However, pending sales for both property types rose by 11% in the month of April and thus will help make for a good beginning to the second quarter sales numbers.

Because Ft. Myers Beach is an island resort destination, it is a highly desirable place to live. A mistake many potential buyers make is to think they could not possibly afford to purchase a property on Ft. Myers Beach. The reality is another matter all together. The city offers a wide variety of living options and price ranges. For example, there are over 80 condominiums currently on the market for under $300K and over 65 homes for under $400K.

So, if you would like to explore more of what the Ft. Myers Beach Real Estate market has to offer, please contact us at Gulf Coast Associates, Realtors and we'd be happy to assist you. Call us at 888-617-3674.

*Sales Data Statistics from NABOR & SWFL MLS

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