One of the constants of Real Estate is that market conditions are local. National, regional and statewide market conditions are important and do influence our local market. If potential homebuyers, for example, from other parts of our country cannot sell their home, it directly affects sales locally.
However, our local market is affected more so by our local economy. Jobs, taxes, mortgage rates, the price of gas, and our other costs of living have more of an impact on our local real estate market.
Whether you are thinking of buying or selling, the real estate professional you choose should be able to tell you the local market trends. Where are the majority of sales taking place locally? In addition, what price range are sales taking place?
If we were to look at the greater Fort Myers area as a whole the price range most buyers are buying is between $100-$200,000. Sales are occurring in our other price ranges but the majority of recent sales since Thanksgiving fit into the under $200,000 range.
Where are those buyers buying specifically? If you look at recent sales in Cape Coral, the areas where the transition to city water and sewer has happened remain popular. The neighborhoods along Del Prado, for example, had quite a few sales. Nevertheless, the area north of Veterans Pkwy to Pine Island Rd, between Santa Barbara and Chiquita Blvd is the recent sales leader.
Over into Fort Myers, the area south of Colonial, east and west of Interstate 75 was the most popular area recently for sales.
Our neighbors in North Fort Myers saw the most sales recently in the area that abuts Business 41 to Interstate 75.
However, sales have happened in all our southwest Florida neighborhoods. Moreover, in all price ranges. Trends of recent sales and neighborhoods that seem to be holding their price are some of the facts you should expect your Realtor to know and share with you.
At Assist-2-Sell Sellers and Buyers Realty, this is research we do routinely and have the necessary knowledge of our local market.
Give us a call at 239-656-4573. We are available every day.
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