A careful analysis of the latest market trends is one of the keys to real estate success, both for our team at John R. Wood Properties and for anyone interested in buying or selling a home on the Paradise Coast. If buying or selling a home ranked at the top of your New Year's resolution list, a look back at the most recent sales data can help set you on the right path. Our real estate agents have all the key data you need in our December Market Report.
December Sales in Southwest Florida
This has been a year when many shoppers continued to hunt for homes during the holiday season in Southwest Florida, with 31,834 properties sold and a 17.4 percent increase in sales year-over-year. There were fewer people listing homes, with a decrease in new listings of 9.9 percent. A competitive market helps to explain the increase in average sales price, which rose 16.6 percent to $518,791. The inventory of available units stood at 6,368 as of December 31, 2020, with months of supply checking in at 2.4 months.
Naples
As is frequently the case, Naples homes for sale rank among the hottest real estate in Southwest Florida, with a 21.8 percent year-over-year increase in properties sold. The number of new listings dropped very slightly by .4 percent, with an inventory of 2,952 units that equates to a supply of 2.85 months. The average salse price in Naples rose 16.9 percent.
Marco Island
Marco Island was a very popular place to purchase a home in December with 1,152 properties sold, good for an increase of 40.2 percent. The average sales price rose 11.3 percent, while the number of new listings dipped slightly by 4.9 percent. Inventory checks in at 359 units, with a supply of 3.74 months.
Bonita-Estero
3,754 properties were sold in the Bonita-Estero area in December, with a year-over-year increase of 19 percent in sales. Inventory saw a small increase of 1.4 percent, while the average sales price rose 8.8 percent to $455,736. The inventory of homes reached 779 units, with 2.49 months of supply.
Fort Myers
The volume of sales remains strong in Fort Myers, with 6,485 units sold and a sales increase of 8.6 percent. The number of new listings dropped by 30.1 percent to a total of 7,566. The average sales price saw a jump of 14.3 percent, with an inventory of 1,131 units and 2.09 months of supply.
Fort Myers Beach
Fort Myers Beach saw an increase in sales of 24.9 percent, with a total of 506 properties sold. The number of new listings had a small decrease of 6.7 percent, and the average sales price rose by 13.5 percent to $602,539. The inventory of properties available was 152 units, with 3.6 months of supply.
Sanibel & Captiva Islands
Sanibel & Captiva Islands had the largest sales increase in December, at 49.1 percent. The number of new listings dropped by 12.6 percent, while the average sales price saw a very slight decrease of .8 percent. Available inventory stood at 228 units, with 4.67 months of supply.
Cape Coral
6,921 properties were sold in Cape Coral in December, an increase of 12.5 percent year-over-year. New listings were down by 6.9 percent, and the average sales price increased by 11.5 percent. Inventory checked in at 767 units, with 1.33 months of supply.
With a strong inventory of homes and a healthy real estate market, now is an excellent time to shop for your next Southwest Florida home. Contact us to buy and sell homes in Southwest Florida, with help from our experienced, local real estate team.
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