I think it is safe to assume nobody studies the numbers for the SW Florida real estate market like we do. Perhaps it is because I graduated with a degree in Finance that I study the cause and effects of the market. This week I want to share a leading indicator. The inverted yield curve […more]
2021 year end sales prices ended up at $360,000 median sales price and $506,033 average sales price. The year end median sales price rose 24.6% while the average sales price rose 28.2% The year end sales price is an average of all the sales that occurred in that year and is compared to the average […more]
Home sale prices rose sharply in December climbing to a median price of $402,000 and an average price of $605,784. Median prices rose 27.6% versus December 2020 while average prices rose 32.9% The number of homes closed dropped 13.2% from December 2020 primarily because there is less inventory. Home sale prices rose sharply in December […more]
Luxury home sales raise SW Florida real estate prices in 2021. In December the average sales price was $567,481 while the median sales price was $399,000. Of the 1,367 sales in December, 124 were for $1 Million plus. 263 sold for $700k +. 528 sold for $500k+. Certified Luxury Agents Brett and Sande Ellis are […more]
Mild inflation is a good thing because it means the economy is growing. Rapid inflation suppresses real estate and the economy and is not a good thing. The fed’s target for inflation has been around 2 percent the past several years. Currently we are experiencing rapid inflation. Many US employees woke up to a 3% […more]
A recent study shows a mass exodus to Florida according to a United Van Lines national migration study for 2021. Florida saw 13,201 inbound shipments which was the most in the country followed by Texas at 12,358. As a percentage, Punta Gorda was the #2 destination in the country and Fort Myers-Cape Coral was #7. […more]
Southwest Florida sales prices climb to highest levels of 2021 in November. Official sales numbers were just released and the median price of a rose to $376,500 while the average price rose $533,697. This represents a 18.0% and 26.3% price increase respectively. The median price last November was $319,150. In October 2021 it was $368,000. […more]
Each week we give you our insight and analysis on the housing market and the economy. We talk about the factors that will influence the Southwest Florida real estate market. This week we thought it would be fun to research top housing expert predictions for 2022 on the national level. Keep in mind, local markets […more]
Twas the week before Christmas, Santa couldn’t find a house. Sellers are absent, quiet as a mouse. We could have fun re-writing this timeless poem, but I think you get the point. The real question is, what will Santa bring this year to the real estate market? We’ve got some answers. First off, Santa thinks […more]
Experts are expecting three interest rates hikes in 2022 by the Fed. This is in addition to tapering of bond purchases which should end in the 2nd quarter of 2022 if not sooner. What this means is borrowing costs for consumers is going to go up in 2022. A 1% rise in interest rates equates […more]