A deep understanding of the latest real estate trends is important to success, whether you're buying, selling, or considering an investment in Southwest Florida real estate. Our team at John R. Wood Properties keeps a constant eye on the latest trends to help you make informed decisions. You can find the latest data from our real estate agents in our July 2021 Southwest Florida Market report.
July 2021 Southwest Florida Market Report
Southwest Florida
The overall Southwest Florida real estate market continues its strong year-over-year trends, with 41,366 properties sold and a 54.6 percent increase over the previous year. New listings rose by 1.03 percent, with a total of 38,768 new listings in July. The average sale price increased by 31.54 percent to $605,328. Total inventory for Southwest Florida checked in at 2,520 units, which equates to .73 months of supply.
Naples
Naples homes for sale continue to rank among the most popular in Southwest Florida, with 16,897 properties sold and a 65.54 percent year-over-year increase in sales. New listings were up by 4.7 percent to a total of 15,514, while the average sale price rose by 30.28 percent to $804,643. Naples inventory stood at 1,060 units, with .75 months of supply.
Marco Island
Sales in Marco Island saw a significant 101.18 percent increase, with a total of 1,708 properties sold in July. New listings checked in at 1,503, good for a 13.60 percent increase over the prior year. The average sale price jumped by 21.77 percent to $971,722. Inventory for Marco Island was 170 units and 1.19 months of supply.
Bonita-Estero
The strong numbers continue in the Bonita-Estero market, with 4,942 properties sold and a 60.98 percent increase year-over-year. New listings rose slightly by 1.37 percent to a total of 4,376, and the average sale price increased by 24.2 percent to $513,055. At the end of July, inventory stood at 186 units, equal to .45 months of supply.
Fort Myers
Fort Myers saw a high volume of sales in July, with a 40.69 percent increase to a total of 8,081 properties sold. New listings dipped by 12.46 percent to a total of 7,587, and the average sale price for homes rose by 20.63 percent to $352,584. Inventory for Fort Myers was 393 units, with .58 months of supply.
Fort Myers Beach
693 properties sold in Fort Myers Beach in July, good for a 77.24 percent year-over-year increase. New listings checked in at 640, which marks a slight decrease of .78 percent. The average sale price was on the rise by 14.45 percent to $644,114. Inventory stood at 66 units and 1.14 months of supply.
Sanibel & Captiva Islands
Sanibel & Captiva Islands saw the largest increase in sales for July, with a 103.41 percent jump to 834 properties sold. New listings were down by 14.08 percent to a total of 665, while the average sale price increased by 19.62 percent to $1,117,633. There were 79 units available at the end of July, with 1.14 months of supply.
Cape Coral
Cape Coral saw 8,211 properties sold in July, which equals a year-over-year increase of 34.92 percent. New listings were also on the rise, with 8,483 new listings and an increase of 8.35 percent. The average sale price for Cape Coral was up by 25.73 percent to $367,912. Inventory stood at 566 units, with .83 months of supply.
Ready to capitalize on the latest trends? Let our experienced, local real estate team help you plan your next move. Contact us to buy and sell homes throughout Southwest Florida communities.
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