North Fort Myers Real Estate Market Overview

Here is our North Fort Myers Real Estate Market Overview September 2016

Pricing is still trending up!

North Fort Myers Real Estate Market Overview

 

 

 

 

 

 

Year over Year
North Fort Myers 2015 versus 2016
Lee County
all data from MLS thru 9/13/2016
2015 2016 DIFF
Volume  $111,601,765 $125,360,914 12.33%
Counts 733 750 2.32%
Average  $                 152,253 $167,148 9.78%
Median  $                 133,400 $145,500 9.07%
SQFT 1,525 1,518 -0.44%
cash 426 394 -7.51%
Cash % 58.12% 52.53% -9.61%
REO 105 53 -49.52%
REO % 14.32% 7.07% -50.67%
SS 9 10 11.11%
SS % 1.23% 1.33% 8.59%
Distressed 15.55% 8.40% -45.99%
GA 110 108 -1.82%
GA % 15.01% 14.40% -4.04%
Waterfront 203 210 3.45%
Waterfront % 27.69% 28.00% 1.10%
Year Built 1986 1986

A Glossary for our North Fort Myers Real Estate Market Overview

REO= Bank Owned

SS= Short Sale

GA= Gulf Access

Notes:

  • We have an increase in volume and sales counts. That is a really good thing! Due to this demand you also have both average and median pricing rising. Rising prices help owners with a higher basis gain entry to the market. This reduces the negative equity within the market. Negative equity – when a home owners has an outstanding mortgage bigger than the value of the home. If they sold their house, they would still owe money from the initial mortgage
  • The Average price shows the upper end of the market moving.
  • The median price shows the bottom of the market rising as well.

Some information on the North Fort Myers Real Estate Market Overview distressed market:

North Fort Myers Real Estate Market Overview North Fort Myers Real Estate Market Overview

 

 

 

 

 

Lis Pendens:

—August 2016: 101 Mortgage related Lis Pendens.

—July 2016: 105 Mortgage related Lis Pendens.

—August 2016: 127 Mortgage related Lis Pendens.

Certificates of Title:

—August 2016: 133 Certificates of Title were conveyed.

—July 2016: 120 Certificates of Title were conveyed.

August 2015: 152 Certificates of Title were conveyed

Notes:

—More of the same.

—We had a SLIGHT month over month and year over year decrease in Mortgage Related Lis Pendens Filings.

—The top ten Lis Pendens filers represent 62.38  percent of the filings.

—Wells Fargo was number 1 in filings. BOA was number 2

—There slight increase in certificate of title conveyances.

Note: All Data exported from the MLS or http://www.leeclerk.org

North Fort Myers is a census-designated place (CDP) in Lee County, Florida, United States. The population was 36,609 at the 2010 census. It is part of the Cape Coral-Fort Myers, Florida Metropolitan Statistical Area.

Call 239 694 3300



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