North Fort Myers Real Estate Market Overview

Here is our North Fort Myers Real Estate Market Overview September 2016

Pricing is still trending up!

 

 

 

 

 

 

Year over Year
North Fort Myers 2015 versus 2016
Lee County
all data from MLS thru 9/13/2016
	2015	2016	DIFF
Volume	$111,601,765	$125,360,914	12.33%
Counts	733	750	2.32%
Average	$                 152,253	$167,148	9.78%
Median	$                 133,400	$145,500	9.07%
SQFT	1,525	1,518	-0.44%
cash	426	394	-7.51%
Cash %	58.12%	52.53%	-9.61%
REO	105	53	-49.52%
REO %	14.32%	7.07%	-50.67%
SS	9	10	11.11%
SS %	1.23%	1.33%	8.59%
Distressed	15.55%	8.40%	-45.99%
GA	110	108	-1.82%
GA %	15.01%	14.40%	-4.04%
Waterfront	203	210	3.45%
Waterfront %	27.69%	28.00%	1.10%
Year Built	1986	1986

A Glossary for our North Fort Myers Real Estate Market Overview

REO= Bank Owned

SS= Short Sale

GA= Gulf Access

Notes:

• We have an increase in volume and sales counts. That is a really good thing! Due to this demand you also have both average and median pricing rising. Rising prices help owners with a higher basis gain entry to the market. This reduces the negative equity within the market. Negative equity – when a home owners has an outstanding mortgage bigger than the value of the home. If they sold their house, they would still owe money from the initial mortgage
• The Average price shows the upper end of the market moving.
• The median price shows the bottom of the market rising as well.

Some information on the North Fort Myers Real Estate Market Overview distressed market:

 

 

 

 

 

Lis Pendens:

—August 2016: 101 Mortgage related Lis Pendens.

—July 2016: 105 Mortgage related Lis Pendens.

—August 2016: 127 Mortgage related Lis Pendens.

Certificates of Title:

—August 2016: 133 Certificates of Title were conveyed.

—July 2016: 120 Certificates of Title were conveyed.

August 2015: 152 Certificates of Title were conveyed

Notes:

—More of the same.

—We had a SLIGHT month over month and year over year decrease in Mortgage Related Lis Pendens Filings.

—The top ten Lis Pendens filers represent 62.38  percent of the filings.

—Wells Fargo was number 1 in filings. BOA was number 2

—There slight increase in certificate of title conveyances.

Note: All Data exported from the MLS or http://www.leeclerk.org

North Fort Myers is a census-designated place (CDP) in Lee County, Florida, United States. The population was 36,609 at the 2010 census. It is part of the Cape Coral-Fort Myers, Florida Metropolitan Statistical Area.

Call 239 694 3300 or click here if you have any questions or we can help you with something real estate related.

 

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