Keeping up with the local real estate trends is crucial whether you're buying, selling, or researching your next real estate transaction in Southwest Florida. Our experienced team keeps a constant eye on the latest market trends. You can find all of the key details in this Monthly Market Report for March 2021 from our real estate agents.
March Sales in Southwest Florida
March 2021 saw 35,026 properties sold in Southwest Florida, a substantial year-over-year increase of 23.29 percent. The number of listings was down slightly by 7.77 percent, with a total of 37,049 listings on the market. In addition to an increased number of sales, the average sale price was up by 21.34 percent and checked in at $553,986. The inventory in Southwest Florida markets was 2,817 units, which equates to .97 months of supply.
Naples
The number of properties sold in Naples aligned with the strong Southwest Florida trends, with 14,009 properties sold and a 30.18 percent increase year-over-year. New listings were down very slightly by .09 percent, with 14,938 listings on the market. The average sale price increased by 20.1 percent to $747,954, with 1,369 units available and 1.17 months of supply.
Marco Island
Marco Island saw one of the largest sales increases, with 1,331 properties sold and a 46.59 percent year-over-year increase. The number of active listings also rose by 7.98 percent, with 1,420 listings available. The average sale price rose to $880,642, good for an increase of 15.52 percent. Inventory stood at 159 units and 1.43 months of supply.
Bonita-Estero
The Bonita-Estero market saw 4,204 properties sold in March, an increase of 26.93 percent over the previous year. Listings saw a minor year-over-year dip of 5.26 percent to 4,247 listings. The average sale price in this market was $471,768, an increase of 15.67 percent year-over-year. Inventory checked in at 234 units, with .67 months of supply.
Fort Myers
6,960 properties were sold in Fort Myers in March, which represents a 12.19 percent year-over-year increase. Sales were up despite a 25.62 percent drop in the number of new listings, with 7,283 new listings on the market. The average sale price rose by 17 percent to $329,439, with an inventory of 453 units that equals .78 months of supply.
Fort Myers Beach
The Fort Myers Beach market had a strong month of March, with 579 properties sold and a significant 33.41 percent year-over-year increase in sales. New listings saw a minor drop of 5.79 percent with 634 new listings, while the average sale price rose by 11.98 percent to $618,968. Inventory checked in at 78 units and 1.62 months of supply.
Sanibel & Captiva Islands
Sanibel & Captiva Islands saw the largest increase in sales for March at 54.67 percent, with 679 properties sold. New listings dropped by 10.75 percent to a total of 656 new listings, and the average sale price increased by 7.32 percent to $1,022,186. Inventory for this market stood at 121 units, with 2.14 months of supply.
Cape Coral
With 7,264 properties sold, the Cape Coral market saw a 14.36 percent year-over-year increase in sales, while new listings were down by 4.26 percent to a total of 7,871. The average sale price in Cape Coral rose by 16.45 percent to $333,844. There were 403 units of inventory in Cape Coral at the end of March, with .67 months of supply.
Spring is the perfect time to take a closer look at Naples homes for sale, and our team is here to help. Contact us today.
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