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Let's look at the latest numbers for the Southwest Florida Real Estate market..

Monday, March 23, 2015   /   by Doug Leugers

Let's look at the latest numbers for the Southwest Florida Real Estate market..

 

Today we are excited to share our year-end market update for 2014. It was a great year, and these statistics indicate that 2015 will be another great year as well. We had significant home appreciation this last year across the board, and people are continuing to move to SW Florida in huge numbers.When more people move here, that creates demand, and demand raises home prices. Now let's get into the numbers.

Let's start with inventory. The measure of "months of inventory" simply answers the question, "How long would it take to sell all the homes on the market, if no new properties were listed?" After having around 8 months of inventory throughout 2013, we saw a decrease to around 6 months in 2014. This is a good number, as anywhere from 4-6 months of inventory is usually considered a "healthy market."

One thing that helps us predict future sales is the amount of foot traffic that homes are getting. The higher the foot traffic, the higher the number of sales. We saw greatly increased foot traffic in 2014, which points to a future increase in sales.

You may be wondering what the best month to sell your home is. From the looks of our data, there is a huge spike in listings in January, February and March. 
 

The next thing we want to talk about is home appreciation. In just the last year, we are seeing homes in SW Florida appreciate by over 10%! Even further proof that now is a great time to own a home in SW Florida. 

Finally, let's talk about mortgage rates. All the major mortgage experts (Fannie Mae, Freddie Mac, NAR, MBA) suggest that rates will steadily increase in the next year, and spike in the 4th quarter.

With that being said, now is a great time to buy or sell in SW Florida. If you have any questions for us, be sure to reach out. We would be glad to answer them for you.

Leugers Group
Lona Leugers
1625 SE 46th St, Suite 4A
Cape Coral, FL 33904
239-398-3131
Licensed Florida Broker Associate
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The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2019. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
2019 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than eXp Realty IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 11/18/2019 6:27 AM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than eXp Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact eXp Realty Data last updated 11/18/2019 6:27 AM CST.
Ā© 2019 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.11/18/2019 6:27 AM CST
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2019. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.