Do you dream of spending every fall and winter in the warm, inviting sun of the Paradise Coast? Finding the perfect SWFL home starts with having a plan and understanding the latest market trends. Our real estate agents have all of Finding the perfect SWFL home starts with having a plan and understanding the latest market trends. Get the latest data in our Southwest Florida Market Report for August 2023.
Southwest Florida
With 23,941 properties sold in the most recent 12-month period, sales in Southwest Florida were down 24.54 percent compared to the preceding 12-month period when 31,726 properties were sold. New listings decreased 9.30 percent, from 36,467 to 33,076. The average sales price was up 6.56 percent, from $746,900 to $795,912. As of August 31, 2023, inventory for Southwest Florida was 7,564 units, with 3.79 months of supply.
Naples
Next, we turn our attention to Naples homes for sale. There were 9,185 properties sold in Naples, a decrease of 23.58 percent from the preceding 12-month period when 12,019 properties were sold. New listings were down 13.53 percent, from 13,678 to 11,827. The average sales price rose 8.63 percent, from $992,724 to $1,078,387. Inventory for Naples stood at 2,512 units and 3.28 months of supply.
Marco Island
Sales on Marco Island were down 23.58 percent in the most recent 12-month period, decreasing from 971 to 742 properties sold. New listings were unchanged at 1,171, while the average sales price increased 12.29 percent from $1,316,738 to $1,478,595. Inventory for Marco Island checked in at 362 units and 5.85 months of supply.
Bonita Springs-Estero
There were 2,875 properties sold in Bonita Springs-Estero during the most recent 12-month period, a decrease of 17.76 percent from the preceding 12-month period when 3,496 properties were sold. New listings decreased 9.80 percent, from 3,947 to 3,560. The average sales price was up 14.95 percent, from $665,335 to $764,796. Inventory for Bonita Springs-Estero was 680 units and 2.84 months of supply.
Fort Myers
With 4,904 properties sold, sales in Fort Myers were down 23.13 percent from the preceding 12-month period when 6,380 properties were sold. New listings decreased 1.85 percent, from 6,919 to 6,791, while the average sales price rose 6.33 percent, from $465,676 to $495,519. Inventory for Fort Myers stood at 1,376 units and 3.37 months of supply.
Fort Myers Beach
Sales in Fort Myers Beach were down 33.78 percent from the preceding 12-month period, dipping from 524 to 347 properties sold. New listings were down 10.39 percent, from 664 to 595. The average sales price decreased 2.32 percent, from $942,517 to $920,691. Inventory for Fort Myers Beach checked in at 185 units, with 6.40 months of supply.
Sanibel-Captiva
Sales in Sanibel-Captiva were down from 501 to 357 properties sold, a decrease of 28.74 percent compared to the preceding 12-month period. New listings increased 29.17 percent, from 504 to 651. The average sales price was down 23.05 percent, from $1,593,046 to $1,225,840. Inventory for Sanibel-Captiva was 186 units, with 6.25 months of supply.
Cape Coral
With 5,338 properties sold, sales in Cape Coral decreased 29.19 percent from the preceding 12-month period when 7,538 properties were sold. New listings were down 12.26 percent from 9,252 to 8,118, and the average sales price decreased by 2.05 percent, from $490,502 to $480,440. Inventory for Cape Coral stood at 2,152 units, with 4.84 months of supply.
Pine Island-Matlacha
There were 193 properties sold in Pine Island-Matlacha during the most recent 12-month period, a decrease of 35.02 percent from the preceding 12-month period when 297 properties were sold. New listings were up 9.01 percent, from 333 to 363. The average sales price was down 19.76 percent, from $672,153 to $539,360. Inventory for Pine Island-Matlacha was 111 units and 6.90 months of supply.
Whether you're buying, selling, or searching for the perfect SWFL community, our local real estate team is here to help you accomplish your goals. 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 2023, 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.
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