The following information is year over year comparison for 2015 versus 2014 for the North Fort Myers Real Estate Market.
For sales volume.
The volume for the North Fort Myers Real Estate Market increased by 11.85%. The volume in one of the most important metrics. Increasing volume shows a growing market.
For Sales Counts:
The reduction in sales counts is a logical result of the prices going up. It is the invisible hand or supply and demand in motion.
For average price:
The average price rose in 2015 for the North Fort Myers Real Estate Market by 17.36%. That is a decent jump. This is the result of the distressed market fading away and traditional sellers being the majority of the market.
The median price:
The median price rising is significant as it show the bottom of the market coming up much faster than the average. This is the direct result of the distressed market going away as was mentioned above. One trend to watch is when the average and the median “bump”. This generally shows divergence to either (generally) the downside or upside depending upon where the North Fort Myers Real Estate Market is within the current trend/cycle.
The cash sales percentage:
The percentage of sales that were cash in the North Fort Myers Real Estate Market was down 17%. The additional use of leverage is another factor of the rising prices. The North Fort Myers Real Estate Market still had 58% of the sales being cash. This is much higher than both the County, State and National Averages. This amount of equity entering the North Fort Myers Real Estate Market gives the market stability. It is hard to have a bubble when there is not much leverage going on.
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Disclosure: this is our work (North Fort Myers Real Estate Market trends) done for us and shared.
All North Fort Myers Real Estate Market data was exported from the MLS and trended with Microsoft Excel