Ft. Myers, Florida - A 2008 Mid Year Real Estate Sales Update
Posted Aug 5, 2008 @ 6:47 pm, Viewed by 1349 Visitors, Read 1391 Times.The mid year 2008 Ft. Myers real estate market statistics for both homes and condominium sales are listed below. Ft. Myers sits along the natural splendor and shoreline of the Caloosahatchee River and is known for its fabulous winter weather. The city is a metropolis bustling with historical, cultural, and ecological attractions and the downtown area is undergoing major renovations in order to keep up with its continuing growth.
Ft. Myers Sales Data
Ft. Myers Home Sales January-June 2008*:
- 705 Closed Sales
- Average Sales Price - $338,720
- Median Sales Price - $259,500
- Average Days on Market - 123
- Price/Square Foot - $155.081
Ft. Myers Condominium Sales January-June 2008*:
- 645 Closed Sales
- Average Sales Price - $208,745
- Median Sales Price - $172,700
- Average Days on Market - 135
- Price/Square Foot - $133.07
In comparison with 2007 sales data, we've seen a 4% increase in the number of home sales and a 3% increase in the number of condominium sales. The average price of homes decreased by 18% and the average price of condominiums decreased by 15%. Average days on market rose by 20% for homes and by 12% for condominiums. In addition, pending sales also rose in the month of June and thus will help make for a good beginning to the third quarter sales numbers.
Ft. Myers offers a wide variety of living options and price ranges. For example, there are well over 1,200 condominiums currently on the market for under $250K and over 1,400 homes for under $400K. Many of the more well known communities like Gulf Harbour, Miromar Lakes and Moody River Estates have some really well priced homes or condominiums available.
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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Gulf Coast Associates is a private real estate firm specializing in SW Florida Real Estate. Benjamin Dona is the Broker-Owner. He and his wife Terry, an underwriter with 20 years experience, also own a federally-regulated mortgage banking firm, Metro Mortgage Company.
Originally from Saint Louis, Missouri we've lived and worked from our base in Bonita Springs since 1997. Read More
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