Research Shows Vacation Home Rentals Boost Florida’s Economy by More than $27 Billion Annually
A new report shows Florida’s vacation home rental industry accounts for over $27 billion in sales annually and Florida has experienced record-breaking visitation for 8 consecutive years now.
In 2018, the state received 127 million visitors, making Florida one of the most popular tourist destinations in the world.
25 counties were surveyed in this report, including our Lee County (Fort Myers, Cape Coral, Estero, Bonita Springs) and Collier County (Naples).
Vacation rental investors and others interested in this rapidly growing industry can view the entire report HERE.
|Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for February 2020|
Closed Sales Up Double Digits Again for January!
(Fort Myers, FL –February 21, 2020) – Lee County’s housing market saw a double digit increase in both Single Family and Townhouse and Condos for closed sales compared to January 2019, according to the latest statistics just released by Florida Realtors®. Year-over-year, sales were up by 25.37% for Single Family and a 15.9% change for Townhouse and Condos.
January also showed a Median Sale price increase at 2.1% for Single Family, and 8.2% for Townhouse and Condos. Inventory is down for both. Year-over year, Single Family is at -22.3% in Active Listings, showing a 4.7 Months Supply of Inventory. Townhouses and Condos is at -24.4% in Active Listings, showing a 5.3 Months Supply of Inventory, year-over-year. The time properties spent on the market in January, was 58 Days for Single Family Homes and 64 days for Townhouses and Condos.
Broken down by cities, Single Family in Fort Myers Beach saw the largest increase with a jump up in sales of 260% over last year, with 18 closed sales compared to 5 in January 2019. Sanibel/Captiva also saw a nice increase of 90% for Single Family Homes sold with 19 closed sales. Fort Myers also posted a 40.8% increase in Single Family compared to last year. Bonita Springs is the only city that posted a decrease of -13.6%.
When looking at Closed Sales by Price Point, most price points were up. The $50,000-$149,999 price point is the only range that showed a decrease. The strongest increase came at the $600,000-$999,999 price point with 84.2%.
SOURCE: Royal Palm Coast Realtor Association
Luxury Home Buyers are Back! January Home Sales Set the Stage for Solid 1st Quarter
Naples, Fla. (February 21, 2020) – Despite a tug on inventory that resulted in a 26 percent decrease to 5,761 properties in January 2020 compared to 7,773 properties in January 2019, overall closed sales in Collier …
|Below are highlight properties for Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for February 2020. See more at the full report:|
|See the Full Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for February 2020|
|Information valid as of February 20, 2020. Please contact us for the most current information and status of these properties.|
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