In this video, we’ll explore the real estate dynamics in Southwest Florida, and how homeowners and investors are reacting to changes in the market.
We’ll dive into an insightful analysis of the 2023 real estate landscape in our latest video, as we draw a detailed comparison between the markets of Collier and Lee in Southwest Florida. With data revealing a stark contrast between the two counties, we’re here to uncover what’s driving these trends and what they could mean for buyers, sellers, and investors alike.
In this comprehensive review, we will shed light on several crucial stats, from the number of properties sold to the median sold price, the days on market, new listings, pending inventory, months’ supply, and the overall dollar volume.
Witness how Collier’s real estate market has grown, despite a significant contraction in new listings, with a remarkable 4% increase in median sold prices and a 1% uptick in the number of properties sold. Delve deeper into the reasons why it has managed to maintain a healthy dollar volume of $610.9M, up by 6% compared to last year.
Meanwhile, Lee County presents a contrasting picture. With a 12% decrease in properties sold and a dip in the median sold price by 4%, we examine the factors contributing to this downward trend, as well as the implications of its staggering dollar volume decline by 15%.
In the midst of these contrasting trends, both counties have seen an astonishing rise in the ‘Days on Market’ and ‘Months Supply’, painting an intriguing picture of the real estate dynamics at play.
Join us as we decode these figures and project what they might mean for the future of real estate in Collier and Lee. Whether you’re a first-time homebuyer, a seasoned investor, or simply interested in understanding the market fluctuations, this video is a must-watch.
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If you are considering selling and want to get an idea of what your Florida home is worth, send an email to email@example.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
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Brad Dohack, Broker/Owner at Gulf Pointe Properties, Team Lead
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