Are you planning to buy or sell a home in Southwest Florida this summer? During the busiest times of year for real estate transactions, it's important to stay up to date on the latest market trends and make informed decisions. Our real estate agents have the latest data for you to review, in our Southwest Florida Market Report for April 2022.
Overall, there were 35,304 properties sold in Southwest Florida during the 12-month period ending on April 30, a 7.13 percent decrease compared to the previous 12-month period. New listings saw a similar decrease of 7.58 percent, to a total of 36,210 over the same 12-month period. The average sales price in Southwest Florida increased by 20.69 percent, from $570,564 to $688,596. As of April 30, 2022, Southwest Florida's inventory stood at 2,590 units, and .88 months of supply.
The trends for Naples homes for sale were similar to Southwest Florida as a whole, with sales and new listings decreasing while the average sales price rose. During the 12-month period ending on April 30, there were 13,773 properties sold in Naples, a 9.62 percent decrease compared to the previous 12 months. New listings decreased by 12.20 percent to a total of 13,781 over the same period. The average sales price in Naples was up by 17.22 percent to $902,375. Inventory for Naples was 1,143 units, with 1 month of supply.
With 1,212 properties sold, sales in Marco Island decreased by 18 percent compared to the previous 12-month period when 1,478 properties were sold. New listings saw a similar decrease of 17.84 percent, with 1,225 new listings compared to 1,491 new listings in the preceding 12-month period. The average sales price in Marco Island saw a substantial increase of 33.64 percent, from $904,580 to $1,208,901. Inventory for Marco Island checked in at 173 units, and 1.71 months of supply.
Bonita Springs-Estero saw 3,872 properties sold over the 12-month period ending on April 30, a decrease of 14.30 percent compared to the previous 12-month period. New listings were down by 11.48 percent over the same 12-month period, to a total of 3,964 new listings. The average sales price rose by 27.11 percent over the same period, from $480,188 to $610,345. Inventory stood at 274 units, and .85 months of supply.
There were 6,985 properties sold in Fort Myers during the 12-month period ending on April 30, a 5.80 percent decrease compared to the previous 12-month period when 7,415 properties were sold. New listings decreased by 7.96 percent over the most recent 12-month period, from 7,597 to 6,992, while the average sales price rose by 23.61 percent over the same period to $416,479. Inventory for Fort Myers was 318 units, and months of supply was .55 months.
Fort Myers Beach
With 566 properties sold over the most recent 12-month period, sales in Fort Myers Beach decreased by 9.15 percent compared to the prior 12-month period when 623 properties were sold. New listings decreased from 676 to 642, a 5.03 percent decrease compared to the previous 12-month period. The average sales price saw a significant increase of 35.39 percent, from $627,722 to $849,870. Inventory for Fort Myers Beach was 81 units, with 1.72 months of supply.
Sales in Sanibel-Captiva were down by 14.62 compared to the previous 12-month period, with a total of 625 properties sold in the most recent 12-month period. New listings decreased by 20.00 percent over the same period, from 695 to 556. The average sale price increased by 27.95 percent to $1,367,559. Inventory stood at 26 units, and .50 months of supply.
Cape Coral saw a sales increase of 2.89 percent with 7,916 properties sold, compared to 7,694 properties sold in the preceding 12-month period. New listings were also on the rise by 6.40 percent, from 8,167 to 8,690, while the average sales price rose by 32.79 percent to $445,337. Inventory for Cape Coral checked in at 539 units, and .82 months of supply.
When you're buying or selling, our team is here to help with all of your Southwest Florida real estate needs. Contact us to buy and sell homes in your favorite Southwest Florida communities.
The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2022, and the proprietary compilation of that data by John R. Wood Properties, its employees, and professional statisticians hired by the Wood firm. Accuracy of the information is not guaranteed; it should be independently verified if any person intends to engage in a transaction, relying on such data. Statistics include Naples, Bonita, Estero, Fort Myers (excluding North and East Fort Myers), Fort Myers Beach, Cape Coral, Sanibel-Captiva Islands, Pine Island, Matlacha, Marco Island.