December 2009 Market Graph

Real Estate Sales and Price Point Guide

This real estate sales graph is probably looking a little redundant.  The $400,000 and under price point has been on fire for months.  Real estate inventory is moving quickly, especially if the property is priced well and in good condition.

We’re still having real estate buyers come to town looking for a great deal and they’re shocked to learn that while prices are down, the units sold is off the charts.  On more than one occasion I have had the opportunity to say, “You could have gotten it at that price several months ago, that community has already hit bottom and bounced.”

It’s true.  Especially the communities that were building real estate at the end of the building boom.  They’ve sold off their excessive inventory and have caught up with the rest of the real estate market.  That doesn’t mean there won’t be more distress, short sales, foreclosures or even strategic default.  There will be more opportunity for buyers but there will also be more competition.  You won’t be the only person waiting for a deal to come along.

If you’re a buyer waiting to scoop up a great deal that hits the market in the community of your choice you better be ready to act swiftly or you’ll miss the boat.

My, what a difference a year makes.

The area that this report covers is all real estate sold in SW Florida from Marco Island, Naples, Fort Myers, Fort Myers Beach, Bonita Springs, Estero and outlying areas. If it was registered in the Sunshine MLS, it was counted in this report.  A little north of Corkscrew Road in Estero, Florida, the Multiple Listing Services changes over to Fort Myers, so listings trickle off.

All of this information is deemed accurate, not guaranteed, but probably a whole bunch more information than any other agent in town is givin’ away for free.