North Fort Myers Real Estate Market

The following information is year over year comparison for 2015 versus 2014 for the North Fort Myers Real Estate Market.

For sales volume.

2014	2015	DIFF
$      143,320,891	$160,304,242	11.85%

 

The volume for the North Fort Myers Real Estate Market increased by 11.85%. The volume in one of the most important metrics. Increasing volume shows a growing market.

For Sales Counts:

2014

2015

DIFF

1,086

1,035

-4.70%

 

The reduction in sales counts is a logical result of the prices going up. It is the invisible hand or supply and demand in motion.

For average price:

2014

2015

DIFF

$              131,971

$154,883

17.36%

The average price rose in 2015 for the North Fort Myers Real Estate Market by 17.36%. That is a decent jump. This is the result of the distressed market fading away and traditional sellers being the majority of the market.

The median price:

2014

2015

DIFF

$107,200

$138,000

28.73%

 

The median price rising is significant as it show the bottom of the market coming up much faster than the average. This is the direct result of the distressed market going away as was mentioned above. One trend to watch is when the average and the median “bump”. This generally shows divergence to either (generally) the downside or upside depending upon where the North Fort Myers Real Estate Market is within the current trend/cycle.

The cash sales percentage:

2014

2015

DIFF

70.72%

58.65%

-17.07%

 

The percentage of sales that were cash in the North Fort Myers Real Estate Market was down 17%. The additional use of leverage is another factor of the rising prices. The North Fort Myers Real Estate Market  still had 58% of the sales being cash. This is much higher than both the County, State and National Averages. This amount of equity entering the North Fort Myers Real Estate Market gives the market stability. It is hard to have a bubble when there is not much leverage going on.

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Steelbridge Realty LLC is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment.

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Disclosure: this is our work (North Fort Myers Real Estate Market trends) done for us and shared.

All North Fort Myers Real Estate Market data was exported from the MLS and trended with Microsoft Excel

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