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SW Florida Weekly Real Estate Transactions Increase

By Matthew Klinowski, PA

Real Estate Agent with Downing Frye Realty Naples Golf Guy

June 23, 2018 07:34 AM

Real Estate Transactions Increase Significantly

Overall, the Southwest Florida Real Estate Report shows real estate transactions increase for the week of June 2nd in Ft. Myers, Bonita Springs and Estero. Compared to the prior week 293 properties sold versus 149 properties sold during the week of May 26th. This significant real estate transactions increase in SWFL shows the market continues to be strong despite the fact we are out of season. Or are we? Season is lasting longer and longer each year as more people move to the area for 6 months of the year. For those of you who may not be aware, any resident who lives in the state for at least six months each year does not have to pay state income tax. So, buying a second home or retiring in the state of Florida will actually save you money!

Similar to last week, Fort Myers took the top spot in Lee County with the most real estate sales with 114 properties sold, up from 65 the previous week. Bonita Springs was second with 103 real estate transactions versus 39 properties sold the prior week. And, Estero finished the week with 74 transactions which is up from the week before when there were 43 sales.

So, of the 114 properties sold in Ft. Myers, 25 percent were condos, 43 percent were single family homes and 27 percent were vacant lots. The remaining properties sold were multi-family units, agricultural lots, mobile homes and commercial units.

Additionally, of the 103 closings in Bonita, 42 percent were single family homes, 18 percent were vacant lots and 35 percent were condos. Therefore, the other properties sold in Bonita Springs were commercial units and mobile homes.

Finally, Estero also showed a real estate transaction increase for the week. Of the 74 properties sold, 30 percent were vacant lots, 35 percent were condos and 31 percent were single family homes. The remaining real estate transactions in Estero were mobile homes.

In summary, the significant real estate transactions increase in Lee County is broken down as follows: 117 single family homes, 90 condos, 72 vacant lots, 7 mobile homes, 4 commercial units, 2 agricultural lots and 1 multi-family unit sold during the week.

SWFL Real Estate Review for June 2nd by zip code

Bonita Springs

34134 – 22 properties sold (1 commercial unit, 7 single family homes and 14 condos)
34135 – 81 properties sold (1 commercial unit, 3 mobile homes, 19 vacant lots, 36 single family homes and 22 condos)

Fort Myers

33912 – 29 properties sold (1 commercial unit, 2 agricultural lots, 5 vacant lots, 7 single family homes and 14 condos)
33913 – 63 properties sold (1 commercial unit, 1 mobile homes, 16 vacant lots, 32 single family homes and 13 condos)
33967 – 22 properties sold (1 multi-family unit, 10 vacant lots, 10 single family homes and 1 condo)

Estero

33928 – 61 properties sold (3 mobile homes, 22 vacant lots, 18 single family homes and 18 condos)
33967 – 4 properties sold (2 single family homes and 2 condos)
34134 – 1 property sold (1 condo)
34135 – 8 properties sold (3 single family homes and 5 condos)

Miromar

33913 – 2 properties sold (2 single family homes)

Lee County Real Estate Transactions Increase for the Week of June 2nd

Begin Your Own Property Search:

So, if you’re ready to begin your Estero or Bonita Springs Luxury Real Estate search for your dream home or condo, I encourage you to explore my website to find information about communities in Southwest Florida. If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in our area. If you prefer a more direct approach, I will provide a list of properties that meet your criteria and/or communities that meet your needs.

Bottom Line:

If you are buying a home in a golf community, you will find it’s more complex than a typical home purchase. As you can probably imagine, there are significant differences between golf communities. There are many different fee structures, membership options, pet restrictions, demographics and many other details that apply to the Southwest Florida golf communities.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost to you to have an agent represent you. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.

If you’re looking for information about a specific community in Southwest Florida, please contact me and I will prepare a custom market report for you. I will provide the market information and insights to help make sure you select your dream home!

Lastly, I will handle all contract negotiations for your property from offer to close!

About Matt Klinowski, PA

The above information was provided by Matt Klinowski, an expert in Southwest Florida real estate. When you are ready to buy or sell a single family home or condo in Naples, Bonita Springs or Estero, contact me. With almost 20 years of experience I can help provide the market information and insights into individual communities to help you find the perfect home. Most importantly, I will handle all the negotiations to make your real estate transaction as smooth as possible.