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Fort Myers Beach Market Report 6/30/08-9/28/08

By LLoyd Nichols

Real Estate Agent with Premier Florida Realty of SWFL

September 28, 2008 11:10 AM

Fort Myers Beach is seeing a slight increase of 46% for sold single homes or 19 homes sold instead of 13 homes

sold for the period of May 30th to September 28th from 2007 to 2008. In 2007 it took 153 Days On The Market on average

to close on a home for a total volume of just over $6 Million dollars.The average selling price during that period was about

$461,000 in 2007.

In 2008 it took 138 days to close on a property.That means 15 days less then in 2007. The average selling price in 2008

is $480,000 or $19,000 higher then in 2007.The total volume is $10,475,000 for 2008 or $4,470,000 more then in 2007.The lowest

price sold in Fort Myers Beach in 2007 for that period was $146,000 compare to $211,000 ( caution on that number as you would

have to compare apples to apples with a similar square footage, quality of the home et..but it is clear that Fort Myers Beach is

selling much more and this is encouraging.

Look for my next Market Report for condos in Fort Myers Beach coming soon.There is no question that investors or new residents

of Fort Myers Beach have realized that the deals are now. It is a very encouraging report. These numbers do not reflect these homes

which have avery good chance to close and are now Pending. Sold is the only number that really counts. For a list of active properties

just e-mail me or give me a buzz on my cell.My wife and I have enjoyed living on this 7 miles island for 9 years now and I will be glad to assist you finding the right property for you.

Happy Hunting!

Statistical Market Analysis Report 6/30/07-9/28/07 single family homes

Property Type: Residential Property Subtype: Single Family GEO Area: FB01 - Bodwitch Poin, FB02 - Crescent Stre, FB03 - Gulf Beach Ro, FB04 - Avenida

Pesca, FB05 - S.Bdry of Fai, FB06 - San Carlos Is Statuses: Pending (6/30/2007 to 9/28/2007) , Sold (6/30/2007 to 9/28/2007)

Report run on 09/28/08 at 4:32pm Page 1

# of Price Total Avg

Status Listings Low High Average Median Volume DOM

Residential

For Sale

Sold 13 $145,000 $1,560,000 $461,923 $375,000 $ 6,005,000 153 DOM

Total 13

Grand Total 13 6,005,000

Cooperative Sales

Number Volume Ratio

Coop Sales 8 $3,015,000 62%

In House Sales 5 $2,990,000 38%

Information

Statistical Market Analysis Report 6/30/08-9/28/08 Single family homes

Property Type: Residential Property Subtype: Single Family GEO Area: FB01 - Bodwitch Poin, FB02 - Crescent Stre, FB03 - Gulf Beach Ro, FB04 - Avenida

Pesca, FB05 - S.Bdry of Fai, FB06 - San Carlos Is Statuses: Pending (6/30/2008 or after) , Sold (6/30/2008 or after)

Report run on 09/28/08 at 4:24pm Page 1

# of Price Total Avg

Status Listings Low High Average Median Volume DOM ( look 4 lines under)

Residential

For Sale

Pending 3 219,000 578,000 431,667 498,000 1,295,000 136

Sold 19 $211,900 $1,400,000 $483,174 $390,000 $9,180,300 138 Days On The Market

Total 22

Grand Total 22 10,475,300

Cooperative Sales

Number Volume Ratio

Coop Sales 12 $6,486,900 63%

In House Sales 7 $2,693,400 37%

Information has not been verified, is not guaranteed, and is subject to change.

LLoyd Nichols
Right Choice Realty LLC
6360 Presidential Court, Suite 4
Fort Myers, FL 33919

cell: 239-810-2980
Fax: 239-463-4826
home office: 239-463-5217

Active Rain Blog: http://activerain.com/lloydn
Website: http://www.mlsouthwestfloridahomes.com
Website Blog: http://ftmyershomesandgardens.blogspot.com/

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Sean Allen

International Financing Solutions - Fort Myers, FL

International Financing Solutions

That is a good report, at least the numbers are up.

Sep 28, 2008 11:48 AM

LLoyd Nichols

Premier Florida Realty of SWFL - Fort Myers, FL

Southwest Florida Homes By The Sea

Thank you.Its something. The condo report should be even better.That does not include pending and contigent numbers.The number which was the most incouraging is probably the days on the market.138 days is much better.

Sep 28, 2008 11:58 AM

Fort Myers Beach Market Report 6/30/08-9/28/08

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