Gulf Coast Associates' Blog: Local SW Florida

The end of year 2009 Naples real estate market statistics for both home 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 Real Estate Sales Data

Naples Home Sales End of Year 2009*:

• 2,685 Closed Sales (2,062 in 2008)
• Average Sales Price - $506,283
• Median Sales Price - $276,000
• Average Days on Market - 165
• Average Sales Price/Square Foot - $178.29
• Average List to Sales Price - 90%

Naples Condominium Sales End of Year 2009*:

• 2,852 Closed Sales (1,969 in 2008)
• Average Sales Price - $396,198
• Median Sales Price -…

The end of year 2009 Cape Coral real estate market statistics for both home and condominium sales are listed below. Cape Coral, known as the "The Cape" to locals, is one of Southwest Florida's most rapidly growing areas. It is the 3rd largest city in Florida in terms of land mass and features over 400 miles of both fresh and salt water canals. Many of the properties in the city will offer boating enthusiasts some great gulf access, including a fair amount of desirable deep water for sailboats.

Cape Coral Real Estate Sales Data

Cape Coral Home Sales End of Year 2009*:

• 7,084 Closed Sales (4,587 in 2008)
• Average Sales Price - $130,129
• Median Sales Price - $94,000
• Average Days on Market - 74
• Average Sales Price/Square Foot -…

The end of year 2009 Fort Myers Beach real estate market statistics for both home and condominium sales are listed below. Fort Myers Beach is the "happening" place on Southwest Florida's Lee Island Coast. It 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 it's 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.

Fort Myers Beach Real Estate Sales Data

Fort Myers Beach Home Sales End of Year 2009*:

• 110 Closed Sales (96 in 2008)
• Average Sales Price - $392,968
• Median…

The end of year 2009 Pelican Landing real estate market statistics for both home and condominium sales 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 golf courses in Southwest Florida.

Pelican Landing Real Estate Sales Data

Pelican…

Seems Collier County officials and the Collier County Planning Commission (CCPC) did not think through the unintended consequences of a compromise made with Federal Emergency Management Agency (FEMA) officials back in 2005 regarding the adoption of proposed new digital flood zone maps.

Under the new changes to the floodplain ordinance, approximately 50,000 home and businesses could be required to carry more flood insurance or face having to obtain a exemption from FEMA. The net effect would be turning most of Collier County into a special flood hazard zone requiring mandatory flood insurance which would drive up costs substantially.

Most affected would be the Golden Gate Estates and Immokalee areas of the county which would be designated as prone to…

The mid year Ft. Myers Beach real estate market 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, Florida Sales Data

Ft. Myers Beach Home Sales January-June 2009*:

• 59 Closed Sales
• Average Sales Price - $420,361
• Median Sales…

The mid year Estero real estate market sales statistics for both homes and condominiums are listed below. Estero is ideally located between Ft. Myers and Naples 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, Florida Sales Data

Estero Home Sales January-June 2009*:

• 270 Closed Sales
• Average Sales Price - $266,218
• Median Sales Price - $226,500
• Average Days on Market - 140
• Average Sales Price/Square Foot - $123.63

Estero Condominium Sales January-June 2009*:

• 209 Closed…

The mid year Ft. Myers real estate market statistics for both homes and condominiums are listed below. Ft. Myers, known as the "The City of Palms", sits along the natural splendor and shoreline of the Caloosahatchee River and is renowned 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 2009*:

• 4190 Closed Sales
• Average Sales Price - $113,355
• Median Sales Price - $59,900
• Average Days on Market - 44
• Average Sales Price/Square Ft. - $58.95

Ft. Myers Condominium Sales January-June 2009*:

• 1311…