November 2016 market update Lee County Florida

 

 

 

 

 

 

Here is our November 2016 market update Lee County Florida:

• Data from MLS.
• Trended with Microsoft excel.
• Unless otherwise stated, charts contain all Residential assets.
• The date is Year to Date.
• This report was presented to the Sanibel Rotary Club on 12/2/2016. Special thanks for asking us speak.

Sales counts and volume are they lower or higher?

Volume and sales counts 1/1 thru 11/30

	2015	2016	DIFF
Volume	$  5,101,696,543	$4,794,047,900	-6.03%
Counts	19,389	17,503	-9.73%

November 2016 market update Lee County Florida By City:

	Volume	Counts	Average
St. James City	19.62%	-3.45%	23.89%
Sanibel	-11.85%	-13.62%	2.06%
Punta Gorda	2.94%	-2.70%	5.80%
North Fort Myers	10.57%	-1.98%	12.80%
Miromar Lakes	-31.28%	-29.70%	-2.25%
Lehigh Acres	17.87%	-0.35%	18.28%
Fort Myers Beach	-13.02%	-18.22%	6.36%
Fort Myers	-8.81%	-14.71%	6.91%
Estero	-7.93%	-7.50%	-0.47%
Captiva	-11.35%	5.66%	-16.10%
Cape Coral	1.72%	-6.85%	9.21%
Bonita Springs	-11.12%	-12.72%	1.83%
Bokeelia	-52.65%	-29.86%	-32.49%
Alva	43.75%	25.00%	15.00%

 

November 2016 market update Lee County Florida Foreclosure Trends:

 

 

 

 

 

 

 

 

 

 

November 2016 market update Lee County Florida Pricing  1/1 thru 11/30:

	2015	2016	DIFF
Average	$              263,123	$273,899	4.10%
Median	$              189,000	$205,000	8.47%

 

 

 

 

 

Things to watch:

• We will not produce a year over year increase in volume. Do we start to beat the previous years monthly volume from July forward?
• If volume continues to recede, when does pricing follow it?
• What does a seller holding out for 2005 do?
• How about landlords who have a capital gain to capture but can not get an acceptable yield anywhere else?

Helping you buy, sell and lease.

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.

About the Company:

• Steelbridge Realty LLC is a Real Estate Brokerage Company that utilizes cutting edge marketing techniques offering Real Estate Solutions in today’s challenging environment.
• Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.
• During the beginning of the housing downturn Steelbridge Realty LLC was the brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. We also assisted them in the sale and leasing of these assets. Many prominent commercial projects were included in this scope of transactions.
• When the distressed market dried up, Jeff and Cristina Tumbarello bought the other partner out and relocated the firm to North Fort Myers. The firm serves as a boutique style firm catering to its client base and providing North Fort Myers Realty services to the surrounding area.

About Jeff & Cristina Tumbarello:

• We have worked with the following media outlets as a subject matter expert. (General Real Estate, Real Estate Statistics, Real Estate Investing & Foreclosures): NPR, Bloomberg, Huffington Post, Wall Street Journal, NBC, ABC, Wink, Fox, Fort Myers News Press, Naples Daily News, Fort Myers Weekly, and Gulf Coast Business Journal.
• We are considered to be a subject matter expert (SME) for sources of data in regards for the current trends in foreclosures, along with overall Real Estate Trends. We have performed market metrics and product modeling for the capital markets and several private equity firms. We also have been a Trainer/Speaker for the Florida Housing Coalition.

You can contact us with the form below or call 239 694 3300 X102

A webform by Podio – click here to get yours

The post November 2016 market update Lee County Florida appeared first on Steelbridge Realty LLC located in North Fort Myers.