Our team at John R. Wood Properties is constantly analyzing the latest Southwest Florida real estate trends, to bring the most relevant, up-to-date information to our clients. Our real estate agents have the information you need to stay current, in our January Market Report for Southwest Florida.
January Sales in Southwest Florida
The Southwest Florida real estate market continues its strong year-over-year performance, with 32,636 properties sold and an increase of sales of 18.8 percent over the previous 12-month period. New listings saw a decrease of 10.7 percent year-over-year, dropping from 41,375 to 36,045 listings. However, the average sale price of homes rose by 18.1 percent, from $447,123 to $527,969. Inventory as of January 31, 2021, checked in at 5,201 units, with a supply of 1.91 months.
Naples
Naples homes for sale continue to rank among the most popular in Southwest Florida, with a 23.6 percent increase in sales year-over-year. New listings saw a very slight drop of 1.9 percent over the previous year, while the average sale price rose by 18 percent from $607,531 to $717,013. Inventory was at 2,392 as of January 31, 2021, which equates to a supply of 2.24 months.
Marco Island
The Marco Island market saw a dramatic increase in sales of 45.4 percent, with 1,220 properties sold. A slight decrease in listings of 1.8 percent didn't slow sales, and the average sale price increased by 15.6 percent to $855,863. With an inventory of 283 units, the Marco Island supply is estimated at 2.78 months.
Bonita-Estero
The strong positive trends continue in the Bonita-Estero area, with 3,894 properties sold and a year-over-year increase in closed sales of 23.4 percent. There were 4,325 listings available, which marks a modest decrease of 8 percent from the previous year. With the high demand for Bonita-Estero homes, the average sale price rose by 8.9 percent. The market has an inventory of 614 units, good for a supply of 1.89 months.
Fort Myers
Fort Myers remains a popular place to purchase homes, with a 7.9 percent increase in sales and a 15.5 percent increase in the average sales price. While demand is high, supply did drop with a 29.4 percent decrease in new listings. Inventory in Fort Myers was 952 units as of the end of January, which equals a supply of 1.74 months.
Fort Myers Beach
Fort Myers Beach had a strong January, with a 21.7 percent increase in closed sales. Inventory was down slightly with 8.2 percent fewer new listings, while the average sales price of homes rose by 13.4 percent. Inventory in Fort Myers Beach stood at 125 units, with a supply of 2.91 months.
Sanibel & Captiva Islands
Real estate in Sanibel & Captiva Islands edged out Marco Island for the largest increase in sales this month, with an increase of 46.8 percent and 412 properties sold. The average sale price saw a modest increase of 2 percent to $958,154, while the number of listings decreased by 14.1 percent to 686 listings. The inventory of homes stood at 206 units, with an estimated supply of 4.09 months.
Cape Coral
The Cape Coral market wrapped up another strong month, with a 13.6 percent increase in closed sales despite a drop in new listings of 6.8 percent. Cape Coral homes saw a 13 percent increase in average sales price to $321,225. Inventory checked in at 629 units, with a supply of 1.07 months.
When you're ready to find your next home on the Paradise Coast, our experienced, local real estate team is here to help. Contact us to buy and sell homes throughout the Southwest Florida area.
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