July Market Report for Fort Myers, FL + Naples, FL

July Market Report for Fort Myers, FL + Naples, FL

Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for July 2020
Local Real Estate Sales Figures Show Improved Results in June

• Amid COVID-19 pandemic, year-over-year sales were down slightly for single-family and townhouse/condominium properties versus June 2019.

July 22, 2020. FORT MYERS, Fla. – Lee County’s housing market saw a slight decrease in closings in both the single-family and townhouse/condominium categories in June compared to the same period a year ago. This is typical in our market area in summer months, when sales activity tends to be lower. Closings in the single-family category were up in June 2020 (1,241) compared May 2020 (924). Year-over-year, sales were down by 1.3% for single-family and 12.8% for townhouses and condominiums, according to figures just released by Florida Realtors®, an umbrella organization for Realtor® groups throughout the state.

June showed a median sale price increase of 5.3% for single-family and 0.6% in the townhouse/condominium category. This shows stability in the pricing segments. Inventory is significantly down for both. Year-over-year, local inventory of single-family dwellings is down again this month at 28.7% as shown in active listings. A 3.6-month supply of inventory shows the market is in a sellers’ market. More listings are seeing multiple contracts of offers.

In the townhouse/condominium category, listings were down 15.0% versus June 2019. That translates to a five-month supply and shows a more balanced condo market.

Time spent on the market in June was about the same as June 2019 — 78 days for single-family homes and 81 days for townhouses and condominiums. June 2019 showed 71 days for single-family and 75 days for townhouses and condominiums.

Broken down by city, Estero saw a 30.9% increase in single-family dwellings over last year. Sanibel/Captiva followed with an 11.1% increase. Pine Island saw a large loss at 53.8% decrease compared to last year.

When looking at closed sales by price point, all single-family homes the difference was mixed with the biggest increase in price for Pine Island.

SOURCE: Royal Palm Coast Realtor Association

June Market Activity Sets …

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Below are highlight properties for Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for July 2020. See more at the full report:
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Status: Active
14323 Pine Hollow Drive, Estero, FL
$900000
4 BEDROOMS
3 BATHROOMS [ 3 FULL ]
LISTING MLS ID: 220041952

Status: Just Listed
11520 Villa Grand, Fort Myers, FL
$109900
1 BEDROOMS
1 BATHROOMS [ 1 FULL ]
LISTING MLS ID: 220042544

Status: Active
9520 Monteverdi Way, Fort Myers, FL
$699900
3 BEDROOMS
4 BATHROOMS [ 3 FULL, 1 HALF ]
LISTING MLS ID: 219066784

Status: Active
3015 Tamiami TRL E, NAPLES, FL
$1650000
LISTING MLS ID: 220022734

See the Full Homes for Sale Fort Myers FL + Homes for Sale Naples FL & Sold Report for July 2020
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Brad and Dick Dohack
Gulf Pointe Properties
239-839-1168
brad@gulfpointeproperties.com
Information valid as of July 21, 2020. Please contact us for the most current information and status of these properties.

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