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

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. Foot - $135.72

In comparison with 2007 sales data, we've seen a 11% increase in the number of home sales and a 4% decrease in the number of condominium sales. The average price of homes decreased by 20% and the average price of condominiums decreased by 16%. Average days on market rose by 25% for homes and by 14% for condominiums. In addition, pending sales for both property types also rose (11% & 12%) in the month of April and thus will help make for a good beginning to the second quarter sales numbers.

Like most cities in Florida, Ft. Myers has an excess of inventory. The upside is that buyers have a wide variety of homes or condominiums from which to choose and in many of its more well known communities like Gulf Harbour and Paseo and Renaissance, there are some really well priced properties available. The city offers a wide variety of living options and price ranges. For example, there are well over 1,600 condominiums currently on the market for under $250K and over 1,000 homes for under $350K.

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

*Sales Statistics for Ft. Myers Proper Only
Data from NABOR & SWFL MLS

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