Contradicting Forces at Play in Florida Real Estate Market

Divider Image


In today’s video, titled “Contradicting Forces at Play in Florida Real Estate,” we delve into the conflicting trends observed in the Collier and Lee markets as of April 2023.

🔔 Don’t forget to subscribe to our channel and hit the notification bell so you never miss our insightful real estate analysis!

Key Stats Discussed in this Video:

💰 Sales Volume: Collier and Lee markets have seen a YoY decrease of 24% and 20% respectively.

💲 Median Sold Price: A diverging trend is at play here. Collier observed a 5% YoY increase in the median sold price, reaching a hefty $922,500. Contrastingly, Lee saw a 7% decrease, setting the median sold price at $438,000.

⏳ Days on Market: The market seems to be slowing down in both areas. Properties are taking longer to sell, with Collier seeing a massive 250% YoY increase (42 days), and Lee a significant 230% increase (33 days).

🏘️ New Listings: Another contradictory trend! Collier experienced a 31% YoY increase in new listings, while Lee saw a minor decline of 5%.

🔒 Pending Inventory: A decrease in pending inventory was common for both counties, with a 19% decrease in Collier and 15% decrease in Lee.

⏱️ Supply Duration: Both markets have seen a significant increase in the months of supply. Collier’s supply went up by 158% (4.9 months), while Lee’s increased by a hefty 192% (3.8 months).

💵 Dollar Volume: We saw substantial reductions in dollar volumes for both counties. Collier had a decrease of 38% to $617.7M, while Lee had a decrease of 16% to $833.5M.

Watch the video for an in-depth analysis of these statistics, exploring the potential reasons and implications for these contradicting forces at play in the Florida real estate market.

Please feel free to drop your comments, questions, or personal experiences in the section below. Remember to hit the like button if you find this content valuable and share it with anyone interested in real estate trends!

If you are considering selling and want to get an idea of what your Florida home is worth, send an email to info@gulfpointeproperties.com. If you’re looking to purchase in the area, you can get a jumpstart by filling out your home wish list here: https://forms.gle/B91pjBStQbEnUCBPA

📲 Thank you for your support! We have so many people contacting us who are moving here to Naples & Fort Myers, and we ABSOLUTELY love it! If you are moving or relocating here to Southwest Florida, my team and I can make that transition so much easier on you.

Reach out…we’re here for you!

Brad Dohack, Broker/Owner at Gulf Pointe Properties, Team Lead
📲 Call/Text Direct at (239) 734-7723
📲 Email: info@gulfpointeproperties.com
👨‍💻 Website: https://www.homesearchinswflorida.com/

Recent post

Divider Image
may-2024-market-update

SWFL Market Update: More Inventory, Stabilizing Prices?

Confused about the Southwest Florida housing market? Don't miss this market update video! We break down the latest data for... read more

Invest-in-naples

Is NOW the Right Time to Invest in Naples Real Estate?

Are you considering real estate investment in Naples, FL? This video explores the current market landscape in 2024 to help... read more

13565-Eagle-Ridge-Dr-Fort-Myers-FL.

Just Listed! 13565 Eagle Ridge Dr, Fort Myers, FL 33912

  13565 Eagle Ridge Dr, Fort Myers, FL Click here to Get Directions $250000 3 Beds - 2 Baths ... read more

Thrilled to Share a Client Testimonial about Samantha Bagdasarian!

  We're thrilled to share this fantastic review from Joe Angell about their recent experience with Samantha! At Gulf Pointe Properties, we... read more

Building Trustworthy Client Relationships at Gulf Pointe Properties!

  ⭐️⭐️⭐️⭐️⭐️ " Wonderful to work with" - Timothy Hagerty Thank you for your kind words! We strive to provide exceptional service... read more

13543 Blue Bay Cir., Fort Myers, FL

Just Listed! 13543 Blue Bay Cir., Fort Myers, FL 33913

  13543 Blue Bay Cir., Fort Myers, FL Click here to Get Directions $1,099,000 4 Beds - 3 Baths ... read more

11550 Villa Grand, Fort Myers, FL

Just Listed! 11550 Villa Grand, Fort Myers, FL 33913

  11550 Villa Grand, Fort Myers, FL Click here to Get Directions $235000 2 Beds - 2 Baths - ... read more

11510 Villa Grand, Fort Myers, FL

Just Listed! 11510 Villa Grand, Fort Myers, FL 33913

  11510 Villa Grand, Fort Myers, FL Click here to Get Directions $239900 3 Beds - 2 Baths - ... read more