Bill Sells Fort Myers Beach Real Estate Hard work, long hours ! ! !
Bill Gillhespy

Fort Myers Beach Listing/Sales Trends


YEAR

 

Listing Volume

of Properties Sold

 

Selling Volume

of Properties Sold

 

Sale Price as a

% of List Price

Number

of Sales

Median

Sales Price

1999    $    54,237,904.00    $    52,070,132.00                  96 %    268 $   174,250.00
2000       57,803,232.00       55,759,700.00                  96 %    251      185,000.00
2001       53,070,700.00       50,949,768.00                  96 %    191      236,900.00
2002       86,656,280.00       82,588,992.00                  95 %    250      284,750.00
2003      120,332,832.00      115,375,760.00                  96 %    300      287,000.00
2004      141,909,024.00      137,670,616.00                  97 %    300      405,000.00
2005      171,594,080.00      166,631,904.00                  97 %    300      500,000.00
2006      116,436,848.00      109,541,800.00                  94 %    181      545,000.00
2007      109,947,384.00        99,977,136.00                  91 %    186      498,500.00

 

This simple chart helps me monitor subtle shifts in the local housing marketAll data taken from the Multiple Listing Servicefor Fort Myers Beach only.  The report has additional statistics which are not included here.  For a more detailed explanation call me direct and I will provide whatever is available:  239  699-7128.  This dataset for 2005 would show a more " balanced " market reflecting an ascending/sellers' market.  Today, inventory levels ( listings ) suggest that the market is " crabbing " sideways.  Therefore, days on market ( DOM ) should lengthen, prices should reflect actual appraisal values and buyers should expect increased value for dollars spent.  In short, this is an excellent time to be a buyer!

NOV  2007

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
Listed Today    6 0 5 2 1 3 3 1 0 7 9 10 2 3 0 3 4 2 3 6 1 1 1 2 0 2 5 4 0 0

3

Sold Today 0 0 2 0 2 0 0 0 0 0 0 0 0 1 0 0 0 2 1 1 1 0 0 1 0 0 1 1 0 0 2
Ratio  6/0 0/0 5/2  2/0  1/2  3/0  3/0  1/0  0/0  7/0  9/0  10/0  2/0  3/1  0/0  3/0 4/0  2/2  3/1  6/1  1/1  1/0  1/0  2/1 0/0  2/0  5/1  4/1  0/0 0/0  3/2
Price Increase Today 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 3 0 0 0
Price Decrease Today 1 1 9 4 3 1 8 3 0 2 2 1 4 2 0 0

 

7

6 8 2 5 0 0 0 0 3 4 4 0 4 2
Ratio  0/1 0/1  1/9  0/4 0/3  1/1  0/8  0/3  0/0  0/2  0/2  0/1  0/4  0/2  0/0  0/0 1/7 0/6  0/8  0/2 0/5  1/0

 

0/0

 

 

0/0 0/0 0/3 0/4 3/4  0/0  0/4  0/2

 

YTD 06                        YTD 07 Below

Jan 06 Feb 06 March 06 April 06 May 06 June 06 July 06 Aug 06 Sept 06 Oct 06 Nov 06

Dec

06

Listed today 7.08 4.82 2.42 3.18 3.87 4.13 3.51 2.97 3.32 3.84 5.37 5.47
Sold today .83 .64 .29 .37 .45 .53 .48 .45 .46 .29 .43 .44
Price Increase Today .58 .42 .19 .23 .28 .3 .26 .22 .3 .26 .23 .24
Price Decrease Today 3.67 5.53 2.55 2.69 2.83 3.13 2.91 2.71 3 3.48 4.1 4.2

 

YTD 07

Jan 07 Feb 07 March 07 April 07 May 07 June 07 July 07 Aug 07 Sept 07 Oct 07 Nov 07 Dec 07
List today 4.97 5.11 3.74 3.63 3.45 2.4 2.57 3.03 2.32 3.44
Sold today .64 .53 .8 .73 .87 .86 .6 .45 .35 .34
Price Increase Today .35 .29 .10 .47 .13 .4 .27 .29 .68 .27

Price Decrease Today

5.58 6.5 5.42 4.2 2.97 3.3 2.8 2.35 2.89 3.55
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