Gulf Coast Associates' Blog: Local SW Florida

The mid year 2008 Naples real estate sales statistics for both homes and condominiums are listed below. Naples is considered the "Crown Jewel" of Southwest Florida's coastal cities. It is very well known for its 5th Avenue shopping, artists, world class resorts, mansions, and famous residents and is a truly cosmopolitan, quaint, and cultural city that has transformed itself into a dynamic world renown destination.

Naples Sales Data

Naples Home Sales January - June 2008:

• 992 Closed Sales
• Average Sales Price - $828,075
• Median Sales Price - $430,000
• Average Days on Market - 189
• Price/Square Foot - $289.42

Naples Condominium Sales January - June 2008:

• 1092 Closed Sales
• Average Sales Price - $523,854
• Median Sales…

The January thru March Ft. Myers real estate market statistics for both homes and condominium sales are listed below. Known for its fabulous winter weather, Ft. Myers is a metropolis bustling with historical, cultural, and ecological attractions and the downtown area is undergoing major renovations in order to keep up with the cities continuing growth.

Ft. Myers Sales Data

Ft. Myers Home Sales Jan-Mar 2008*:

• 293 Closed Sales
• Average Sales Price - $318,257
• Median Sales Price - $240,850
• Average Days on Market - 120
• Price/Sq. Foot - $162.21

Ft. Myers Condominium Sales Jan-Mar 2008*:

• 273 Closed Sales
• Average Sales Price - $211,078
• Median Sales Price - $262,875
• Average Days on Market - 124
• Price/Sq.…

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
…

Lured by lower prices, buyers figured out the bottom is here and now is the time to buy again in Southwest Florida. For those still sitting on the fence, many of the best properties are quickly being snapped up and your options are rapidly becoming less wide ranging.

In April, Naples experienced its busiest month for sales this year and the Bonita Springs and Estero markets are experiencing the same good fortune. Overall, Naples property sales rose 6% in April and pending sales jumped 25%. Bonita Springs and Estero saw overall sales rise 33% and pending sales were also up by 30% for the month.

While lower prices appear to be the driving force behind these increases in sales, other factors are also playing an important role. International buyers are not…

The January thru March Naples real estate market statistics for both homes and condominium sales are listed below. Naples, known as the "Crown Jewel" of SW Florida's Gulf Coast, is a truly cosmopolitan, quaint, and cultural city that has transformed itself into a dynamic international and world renown destination.

Naples Sales Data

Naples Home Sales Jan-Mar 2008*:

• 385 Closed Sales
• Average Sales Price - $882,107
• Median Sales Price - $450,000
• Average Days on Market - 192
• Price/Sq. Foot - $305.01

Naples Condominium Sales Jan-Mar 2008*:

• 506 Closed Sales
• Average Sales Price - $562,358
• Median Sales Price - $304,995
• Average Days on Market - 195
• Price/Sq. Foot - $272.64

In comparison with 2007 sales…

The first quarter 2008 Pelican Landing real estate market statistics for both homes and condominiums are listed below. Pelican Landing is an upscale gated golf community with excellent amenities and is considered one of Bonita Springs' premier communities. Pelican Landing distinguishes itself by being the only community in the area to own a private barrier island on the Gulf of Mexico. The island includes a 32 acre beach park that residents have daily access to via a community run boat shuttle service. Residents can also opt for membership in the Pelican's Nest Golf Club. Its two 18 hole Tom Fazio designed golf courses are considered by many as some of the best available here in Southwest Florida.

Pelican Landing Sales Data

Pelican Landing Home Sales…

Not a week goes by that we don't hear from a buyer for a property in Southwest Florida who says, Oh, I'll just go try to buy a property on the courthouse steps and get a really good deal." There are a few localities in our area that have the distinction of being some of the most active foreclosure markets in the country, so this can be expected. However, what an eye opening experience these buyers encounter when they try this approach.

Most think they can get a Naples or Bonita Springs property on a shoestring budget and that is just not the case. While the courthouse steps are a place where in the past you might find a property at a bargain price, those opportunities are mostly non-existent in today's environment and if you're not careful you could lose…

The January thru March 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 Sales Data

Estero Home Sales Jan-Mar 2008*:

• 109 Closed Sales
• Average Sales Price - $390,994
• Median Sales Price - $330,000
• Average Days on Market - 138
• Price/Sq. Foot - $164.08

Estero Condominium Sales Jan-Mar 2008*:

• 73 Closed Sales
• Average…