Southwest Florida real estate trends 2018

Southwest Florida real estate trends 2018

Southwest Florida real estate trends 2018 sourced from:

  • Data from 1/1 to 4/30.
  • Comparing years 2017 versus 2018.
  • Residential Data is from MLS.
  • Trended with Microsoft Excel.
  • Unless otherwise stated, charts contain all Residential assets.
  • Disclosure: Our work is done for us and shared with you.

This Southwest Florida real estate trends 2018 report shows how the Lee County market performed the first for months.

Southwest Florida real estate trends 2018 volume and sales counts:

2017 2018 DIFF
Volume  $2,003,120,452 $2,211,309,722 10.39%
Counts 6,799 7,156 5.25%

The volume which is the best trend indicator of the health of a market grew by over 10%. The sales counts also grew by 5.25%.

Southwest Florida real estate trends 2018 pricing:

2017 2018 DIFF
Average  $         294,620 $309,015 4.89%
Median  $         220,000 $227,850 3.57%

Pricing grew but did not grow significantly. The last few years, our price growth resembles that of a market in the Midwest more than a coastal (coastal markets tend to go boom-bust and then bust to boom again). Also, the average growing slightly higher than the median shows that the bottom of the market is not rising faster than the top of the market.

Southwest Florida real estate trends 2018 cash sales percentage:

2017 2018 DIFF
Cash Sales Counts 3,088 3,236 4.79%
Cash % 45.42% 45.22% -0.44%

The cash sales percentage basically staying the same is a good thing. It shows the growth in the market is not being driven by leverage. Unsustainable leverage is what caused the 2004 thru 2006 price jump. That price jump (over 30 percent) ultimately caused the downturn to have such a severe effect.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn, Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm to cater to its clients and the community at large.

For more information call 239 694 3300 or use the form below.

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