This 2018 Lee County Florida Market Update was presented to the SWFL REIA at the January 2018 General Meeting. By: Jeff Tumbarello, Broker/Owner Steelbridge Realty LLC, Director SWFLREIA Data sourced from:
2018 Lee County Florida Market Update: Lee County Metrics Volume and sales counts 1/1 thru 12/31
The increase in Volume and sales counts are significant. This is from the stellar year the market was having before Hurricane Irma. Volume and sales counts 1/1 thru 12/31
Cash Sales Percentage 1/1 thru 12/31
The percentage of cash sales is higher than the national average and the state of Florida average. That inherently gives the market stability. Distressed Sales 1/1 thru 12/31
The lack of distressed sales indicates that there is very little bank-owned inventory. Sales Counts by Property Type:
Pricing by Property Type:
2018 Lee County Florida Market Update: What submarkets are growing?
Year over year change by percentage: Red showed a reduction in volume
2018 Lee County Florida Market Update: Bubbles of sales Activity 2018 Lee County Florida Market Update: Hurricane Irma and the Market.Quarter 1 thru Quarter 3: 2018 Lee County Florida Market Update: Volume and sales counts Q1 – Q3
2018 Lee County Florida Market Update: Pricing Q1 – Q3
2018 Lee County Florida Market Update: Quarter 4, Hurricane Irmas aftermath.2018 Lee County Florida Market Update: Quarter 4Sales counts and volume.
Median and Average Pricing.
The data shows that Hurricane Irma had an effect on the market. The bubbles charts show a reduction in the sales above $500,000. It does not take many of these price points to change the volume.
2018 Lee County Florida Market Update: Where are we at in this cycle?
We are correlating the last cycle from a retiree demographic standpoint but without the leverage driven mania that we experienced 200- 2006. We have a great demand than we did 2004-2006. We also appear to be growing a bit more checked. I attribute this due to the constraints in Dodd-Frank.
Things to watch for?
Stay tunbed and subscribe to our blog and or facebook page. We have an update coming from season and more work on the distressed, building permits and Cape Coral lot market. Thanks for reading. Questions? Call 239 694 3300
Thinking of buying or selling? We would love to sit down and discuss your options. Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions. During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large. For more information call 239 694 3300 or use the form below.
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