People ask how well our market has performed over time . If you read the chart below you see the answer is an impressive 84 % appreciation ! And that includes the current market.
Importantly, it underscores the importance of a medium or longer term view of real estate on Fort Myers Beach. As a Fort Myers Beach Realtor my job also includes helping potential buyers find the right property at the right price !
Currently, our market favors the buyer. There are many excellent deals available in condos, Gulf front homes and canal homes. This " Buyers' Market " is driven by three things:
1. Plenty of excellent inventory.
2. Historically low financing.
3. Sellers who appreciate a well qualified buyer.!!!
Questions or comments ? Bill 239 699-7128
| 2000 through 2008 Year End | |||||||
| Fort Myers Beach Market History of Resale Residential Properties | |||||||
| Including: Estero Island, Lover's Key and San Carlos Island | |||||||
| Listing Volume | Selling Volume | Sale Price as a | Number | Average | Percentage | ||
| Year | of Properties Sold | of Properties Sold | % of List Price | of Sales | Sale Price | Change | |
| 2000 | $ 57,803,232.00 | $ 55,759,700.00 | 96% | 251 | $ 222,150.20 | 13% | |
| 2001 | $ 53,070,700.00 | $ 50,949,768.00 | 96% | 191 | $ 266,752.71 | 20% | |
| 2002 | $ 72,786,936.00 | $ 69,364,720.00 | 95% | 198 | $ 350,326.87 | 31% | |
| 2003 | $ 120,332,832.00 | $ 115,375,760.00 | 96% | 300 | $ 384,585.87 | 10% | |
| 2004 | $ 141,909,024.00 | $ 137,670,816.00 | 97% | 300 | $ 458,902.72 | 19% | |
| 2005 | $ 171,594,080.00 | $ 166,631,904.00 | 97% | 300 | $ 555,439.68 | 21% | |
| 2006 | $ 116,436,848.00 | $ 109,541,800.00 | 94% | 181 | $ 605,203.31 | 9% | |
| 2007 | $ 111,342,384.00 | $ 101,202,144.00 | 91% | 187 | $ 541,187.94 | -11% | |
| 2008 | $ 112,382,848.00 | $ 100,359,776.00 | 89% | 228 | $ 440,174.46 | -19% | |
| 2009 | Year to date average price | $ 395,949.00 | -10% | ||||
| 84% | |||||||
| The Information was compiled by CENTURY 21 TriPower Realty and taken from The | |||||||
| Greater Fort Myers and The Beaches Multiple Listing Service. | |||||||
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