MARKET AREA UPDATE
Year:
Market Area (City, State):
2016
Report as of:
1Q
2Q
3Q
4Q
Fort Myers/Cape Coral, Florida
Provided by (Company / Companies):
Provided by RDC Member(s):
Coldwell Banker Residential Real Estate
What are the most significant trends in your current real estate market? (Attach addenda, charts, graphs, etc. as appropriate)
*Trendgraphix Reports attached
REAL ESTATE MARKET DATA
Define Market Area:
*
Urban (city limit area only)
Metro Area (as defined by MSA)
Other: Please explain:
Single Family
(detached)
**Sales Price (current)
Choose one:
Average
Median
**Sales Price (same time prior year)
Choose one:
Average
Median
Condominiums / Townhomes
(attached)
$ 281,000.00
$ 161,000.00
$ 266,000.00
$ 146,000.00
Average Days on Market – list to contract (current)
# 58
# 71
Absorption – Months of Inventory (last 3 months)
Number of active listings divided by the average # of sales per month
(for the last 3 months) = # of months needed to sell existing inventory
Example: Active Listings = 4500 Closed sales in the past 3 months = 4000
RIGHT:
4,000/3 (months)=1,333 (sales per month)
4,500/1,333=3.37 months of inventory
WRONG: 4,500/4,000=1 month of inventory
# 2
# 2
Absorption – Months of Inventory (same time prior year)
# 4
# 3
Active Listings
# 2,652
# 162
Closed ( total last 3 months)
# 1,551
# 97
Expired Listings ( total last 3 months if available)
#
#
Increase
%
Decreasing
Stable
2.68
%
Sold LP/SP Ratio (last 3 months)
Stable
Increase in past 3 months
Stable
Decreasing in past 3 months
96
**Average = the result by adding all sales prices and dividing by the number of units sold
Decreasing
%
Increase in past 3 months
Stable
Decreasing in past 3 months
Change in Home Values
Increase
% 96
Median = denoting the middle of the range of values
GENERAL ECONOMY
How would you rate the overall economic conditions in area as defined above:
Supply of Listings: (Single family)
Overall Market Conditions:
Unemployment Rate: %
Shortage
Active
%
4.6
Oversupply
Stable
Mixed
Stable
Balanced ~ (Condo/Town home)
Sluggish
Flat
Average – Please check trend:
Healthy
Shrinking
Shortage
Depressed
Oversupply
Balanced
Depressed
Increasing
Decreasing
Same
Please describe local economic conditions/climate: (draw upon newspaper articles concerning the coming and going of corporations, layoffs, etc.)
* Fort Myers has a pro-business attitude, a vibrant workforce and desirable tax climate. Some of the region’s companies that have
expanded include Gartner, Comcast, Alta Resources, Cypress Cove Living and Eastern Metal Supply.
RENTAL INFORMATION
Is There a Charge for Rental Assistance: Yes
No
Outsourced
Is Home/Condo Rental Information Available in Your MLS: Yes
Single Family Housing Availability: (3+Bedrooms)
Shortage
Oversupply
Balanced
Average Rent
Condo/Townhome Availability:
(2+Bedrooms)
Shortage
Oversupply
Balanced
Average Rent
Apartment Availability:
(2+Bedrooms)
Shortage
Oversupply
Balanced
Average Rent
1407.00
1306.00
1262.00
No
Facts and TrendsTM - Published January 2017*
Location:
Property Types:
Price Range:
Full Baths:
CAPE CORAL, FORT MYERS
Single Family Homes - All Properties - All Properties
$0 - No Limit
SQFT Range: 0 - No Limit
0 - No Limit
Half Baths: 0 - No Limit
Bedrooms: 0 - No Limit
Year Built: 0 - No Limit
Number of Homes For Sale vs. Sold vs. Pended (Oct. 2015 - Dec. 2016)
Curnt vs. Prev Month
Dec. 16
Nov. 16
Curnt vs. Same Month 1 Yr Ago
% Change
Dec. 16
Dec. 15
Curnt vs. Same Qtr 1 Yr Ago
% Change
Oct. 16 to
Dec. 16
Oct. 15 to
Dec. 15
TODAY STATS
1/1/2017 1/22/2017
% Change
12/1/2016 12/22/2016
% Change
For Sale
2652
2598
2.1%
2652
2067
28.3%
7738
5853
32.2%
2897
2656
9.1%
Sold
537
504
6.5%
537
615
-12.7%
1551
1552
0.1%
190
401
-52.6%
Pended
510
522
-2.3%
510
468
9%
1558
1435
8.6%
420
385
9.1%
Date
10/15
11/15
12/15
1/16
2/16
3/16
4/16
5/16
6/16
7/16
8/16
9/16
10/16
11/16
12/16
For Sale
1777
2009
2067
2322
2498
2879
2725
2552
2431
2340
2279
2329
2488
2598
2652
New Listing
800
821
742
1134
1092
1016
918
882
789
786
818
828
870
857
676
Sold
528
409
615
451
466
613
681
744
695
639
623
576
510
504
537
Pended
515
452
468
571
613
780
729
716
649
579
592
531
526
522
510
Months of Inventory (Closed Sales)
3.4
4.9
3.4
5.1
5.4
4.7
4
3.4
3.5
3.7
3.7
4
4.9
5.2
4.9
Months of Inventory (Pended Sales)
3.5
4.4
4.4
4.1
4.1
3.7
3.7
3.6
3.7
4
3.8
4.4
4.7
5
5.2
Absorption Rate (Closed Sales) %
29.7
20.4
29.8
19.4
18.7
21.3
25
29.2
28.6
27.3
27.3
24.7
20.5
19.4
20.2
Absorption Rate (Pended Sales) %
29
22.5
22.6
24.6
24.5
27.1
26.8
28.1
26.7
24.7
26
22.8
21.1
20.1
19.2
Avg. Active Price
476
467
463
454
464
467
474
472
469
460
455
449
445
456
462
Avg. Sold Price
254
282
263
280
268
266
276
265
279
273
272
277
278
271
295
Avg. Sq. Ft. Price (Sold)
137
143
140
149
143
143
146
141
147
142
143
146
148
146
152
Sold/List Diff. %
96
96
97
95
96
96
96
96
96
97
96
96
96
96
96
Sold/Orig LP Diff. %
94
93
94
93
93
93
94
93
93
93
94
94
93
94
94
Days on Market
48
59
57
58
57
58
55
62
60
58
59
62
54
60
61
Avg CDOM
115
142
131
124
130
129
127
135
130
138
135
135
131
133
134
Median
215
242
230
219
216
225
225
230
233
235
225
233
235
229
250
All reports are published January 2017, based on data available at the end of December 2016, except for the today stats. All reports presented are based on data supplied by the Mid-Florida MLS, Realtor Association of Miami, Greater Fort Lauderdale Realtors,
Southeast Florida Multiple Listing Service (MLS), Realtor Association of The Palm Beaches, Jupiter, Tequesta, Hobe Sound Association of Realtors, St. Lucie Association of Realtors, Realtor Boards of Southwest Florida, Greater Fort Myers and The Beach
AOR, Bonita Springs & Estero AOR, Suncoast MLS of PRO Biz, Inc., SpaceCoast MLS/Brevard MLS or their MLSs. Neither the Associations nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Associations or their
MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. All reports presented are based on data supplied by the Mid-Florida MLS, Realtor Association of Miami, Greater Fort Lauderdale Realtors, Southeast
Florida Multiple Listing Service (MLS), Realtor Association of The Palm Beaches, Jupiter, Tequesta, Hobe Sound Association of Realtors, St. Lucie Association of Realtors, Realtor Boards of Southwest Florida, Greater Fort Myers and The Beach AOR, Bonita
Springs & Estero AOR, Suncoast MLS of PRO Biz, Inc., SpaceCoast MLS/Brevard MLS or their MLSs. Neither the Associations nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Associations or their MLS may not
reflect all real estate activities in the market. Information deemed reliable but not guaranteed.
Facts and TrendsTM - Published January 2017*
Location:
Property Types:
Price Range:
Full Baths:
CAPE CORAL, FORT MYERS
Townhouse - All Properties - All Properties
$0 - No Limit
SQFT Range: 0 - No Limit
0 - No Limit
Half Baths: 0 - No Limit
Bedrooms: 0 - No Limit
Year Built: 0 - No Limit
Number of Homes For Sale vs. Sold vs. Pended (Oct. 2015 - Dec. 2016)
Curnt vs. Prev Month
Dec. 16
Nov. 16
Curnt vs. Same Month 1 Yr Ago
% Change
Dec. 16
Dec. 15
Curnt vs. Same Qtr 1 Yr Ago
% Change
Oct. 16 to
Dec. 16
Oct. 15 to
Dec. 15
TODAY STATS
1/1/2017 1/22/2017
% Change
12/1/2016 12/22/2016
% Change
For Sale
162
157
3.2%
162
122
32.8%
464
342
35.7%
175
163
7.4%
Sold
39
26
50%
39
49
-20.4%
97
121
-19.8%
14
29
-51.7%
Pended
35
29
20.7%
35
26
34.6%
92
83
10.8%
25
28
-10.7%
Date
10/15
11/15
12/15
1/16
2/16
3/16
4/16
5/16
6/16
7/16
8/16
9/16
10/16
11/16
12/16
For Sale
107
113
122
129
129
138
131
139
130
132
141
145
145
157
162
New Listing
64
42
44
71
68
67
39
60
39
40
60
48
49
49
53
Sold
51
21
49
18
26
52
45
52
35
35
35
26
32
26
39
Pended
27
30
26
47
47
57
40
37
36
32
30
34
28
29
35
Months of Inventory (Closed Sales)
2.1
5.4
2.5
7.2
5
2.7
2.9
2.7
3.7
3.8
4
5.6
4.5
6
4.2
Months of Inventory (Pended Sales)
4
3.8
4.7
2.7
2.7
2.4
3.3
3.8
3.6
4.1
4.7
4.3
5.2
5.4
4.6
Absorption Rate (Closed Sales) %
47.7
18.6
40.2
14
20.2
37.7
34.4
37.4
26.9
26.5
24.8
17.9
22.1
16.6
24.1
Absorption Rate (Pended Sales) %
25.2
26.5
21.3
36.4
36.4
41.3
30.5
26.6
27.7
24.2
21.3
23.4
19.3
18.5
21.6
Avg. Active Price
190
194
193
202
192
194
197
203
205
211
205
198
203
197
195
Avg. Sold Price
154
137
147
143
164
150
179
162
148
160
167
154
154
160
169
Avg. Sq. Ft. Price (Sold)
104
91
98
105
104
103
115
105
98
107
113
98
100
107
111
Sold/List Diff. %
98
95
96
97
96
96
96
97
96
97
97
98
96
96
96
Sold/Orig LP Diff. %
98
94
93
96
92
95
94
93
95
94
95
96
95
94
93
Days on Market
53
47
44
48
60
48
52
47
47
75
55
42
63
81
69
Avg CDOM
152
132
112
126
114
99
116
134
97
136
110
98
121
129
132
Median
150
125
127
122
166
145
155
160
140
153
134
153
152
152
165
All reports are published January 2017, based on data available at the end of December 2016, except for the today stats. All reports presented are based on data supplied by the Mid-Florida MLS, Realtor Association of Miami, Greater Fort Lauderdale Realtors,
Southeast Florida Multiple Listing Service (MLS), Realtor Association of The Palm Beaches, Jupiter, Tequesta, Hobe Sound Association of Realtors, St. Lucie Association of Realtors, Realtor Boards of Southwest Florida, Greater Fort Myers and The Beach
AOR, Bonita Springs & Estero AOR, Suncoast MLS of PRO Biz, Inc., SpaceCoast MLS/Brevard MLS or their MLSs. Neither the Associations nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Associations or their
MLS may not reflect all real estate activities in the market. Information deemed reliable but not guaranteed. All reports presented are based on data supplied by the Mid-Florida MLS, Realtor Association of Miami, Greater Fort Lauderdale Realtors, Southeast
Florida Multiple Listing Service (MLS), Realtor Association of The Palm Beaches, Jupiter, Tequesta, Hobe Sound Association of Realtors, St. Lucie Association of Realtors, Realtor Boards of Southwest Florida, Greater Fort Myers and The Beach AOR, Bonita
Springs & Estero AOR, Suncoast MLS of PRO Biz, Inc., SpaceCoast MLS/Brevard MLS or their MLSs. Neither the Associations nor their MLSs guarantee or are in anyway responsible for its accuracy. Data maintained by the Associations or their MLS may not
reflect all real estate activities in the market. Information deemed reliable but not guaranteed.