Bring Your Highest Expectations™

FIRST QUARTER MARKET REVIEW FOR 2019

Sanibel and Captiva Islands / Fort Myers / Fort Myers Beach / Cape Coral

Bring Your Highest Expectations™

John R. Wood Properties, Bring Your Highest Expectations.

SANIBEL/CAPTIVA ISLANDS

Single Family Homes

The median sales price for the 12 month period ending March 31 was static with the preceding 12 months at $797,875, while the 12 month average price decreased 6% to $1,095,595.

With 35 single family closings posted during the first quarter, sales were down 53.9% from the first quarter of 2018. Sales over the past 12 months were down 13.7% from 277 to 196.

Condominiums

The median sales price over the past 12 months increased 7.2% compared to the preceding 12 months from $290,063 to $632,375, while the 12 month average price fell 4.8% to $691,807

With 34 condominium closings during the first quarter, sales were down 10.5% from the first quarter of 2018. Sales over the past 12 months decreased 8.8%, from 170 to 155.

FORT MYERS

Single Family Homes

The median sales price over the past 12 months increased 3.2% compared to the preceding 12 months from $297,250 to $306,875, while the 12 month average price fell 1.5% to $355,174.

With 524 single family home closings during the first quarter, sales were down 9.8% from the first quarter of 2018. Sales over the past 12 months increased 4.5%, from 2,351 to 2,456.

Condominiums

The median sales price over the past 12 months increased 3.4% compared to the preceding 12 months from $167,871 to $173,545, while the 12 month average price rose 1.8% to $196,788.

With 744 condominium closings during the first quarter, sales were down 3.6% from the first quarter of 2018. Sales over the past 12 months increased 4.8%, from 2,891 to 3,030.

FORT MYERS BEACH

Single Family Homes

The median sales price over the past 12 months decreased 3.3% compared to the preceding 12 months from $542,875 to $524,863, while the 12 month average price rose 10.9% to $761,137.

With 28 single family home closings during the first quarter, sales were down 28.2% from the first quarter of 2018. Sales over the past 12 months were static with the preceding 12 month period at 128.

Condominiums

The median sales price over the past 12 months increased 7.7% compared to the preceding 12 months from $361,000 to $388,875, while the 12 month average price rose 5.2% to $421,027.

With 69 condominium closings during the first quarter, sales were down 13.8% from the first quarter of 2018. Sales over the past 12 months were static with the preceding 12 month period at 275.

CAPE CORAL

Single Family Homes

The median sales price over the past 12 months increased 7.8% compared to the preceding 12 months from $229,513 to $247,350, while the 12 month average price rose 7.8% to $298,455.

With 1080 single family home closings during the first quarter, sales were down 8.3% from the first quarter of 2018. Sales over the past 12 months were static with the preceding 12 month period at 5006.

Condominiums

The median sales price over the past 12 months was static with the preceding 12 months at $158,665, while the 12 month average price rose 3.9% to $200,603.

With 152 condominium closings during the first quarter, sales were down 21.6% from the first quarter of 2018. Sales over the past 12 months decreased 8%, from 679 to 624.

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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.”

Fort Myers data does not include Lehigh Acres or Notth Fort Myers

John R. Wood Properties, Bring Your Highest Expectations.

Bring Your Highest Expectations™

SANIBEL/CAPTIVA

CONDOMINIUMS

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Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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.”

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Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Bring Your Highest Expectations™

John R. Wood Properties, Bring Your Highest Expectations.

FORT MYERS

CONDOMINIUMS

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SINGLE FAMILY HOMESQuarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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.”

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Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

John R. Wood Properties, Bring Your Highest Expectations.

Bring Your Highest Expectations™

FORT MYERS BEACH

CONDOMINIUMS

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Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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.”

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Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1Q4Q3Q2Q1

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

Quarterly 12 Month Rolling Average Closed Sales

John R. Wood Properties, Bring Your Highest Expectations.

Bring Your Highest Expectations™

CAPE CORAL

CONDOMINIUMS

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Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

Quarterly Closed Sales / Quarterly 12 Month Rolling Average Closed Sales / Quarterly 12 Month Rolling Average Sales Price

“The source of this real property information is the copyrighted and proprietary database compilation of Southwest Florida MLS, Copyright 2019, 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.”

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Quarterly Closed Sales Quarterly 12 Month Rolling Average Sales Price

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