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Spring 2012 Market Update
Property on Southwest Florida’s world famous barrier islands are always in high demand. Additionally, great values are currently available in the Naples/Bonita Springs/Ft. Myers markets, noted for both spectacular beaches and exclusive gated, world-class golf and country club communities. Do not hesitate to ask.
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| Average Home Price | $700,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 5-10% |
| Average Time on Market | 60-90 days |
| Best Selling Price Range | $650,000 - $699,000 |
| Worst Selling Price Range | $400,000 - $449,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Increasing |
| Buyers’ or Sellers’ Market | More buyers than sellers |
| Buyer Activity for the past 90 days in Captiva is | Increasing |
| Seller Activity for the past 90 days in Captiva is? | Decreasing |
| Multiple Offers? | Yes |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 0-5% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Good supply - Some Prices |
| Inventory Comments | With prices finally stabilizing, Buyers, based on pent up demand, have re-entered the market |
| Greatest Activity | Investors |
| Reason to Buy/Sell | The market has stabilized with inventory now decreasing. Dramatically lower prices from the inflated prices of 2006, sufficient selection in most price points, historically low interest rates, and pent up demand have set the stage for the current Buyer’s sense of urgency to take advantage of this unprecedented window of opportunity. |
| Nearest Metro Area | Naples/Bonita Springs/Fort Myers |
| Housing Hot Spots | All waterfront properties are in great demand, in particular, homes on saltwater canals with direct boating access to the back Bays and the Gulf. All properties with large water views and cottages, nearby but not directly Gulf front, are in high demand. Condos and Old Florida style cottages in tropical settings are also popular. |
| Average Sold Price | $700,000 - View Graph Trend |
Captiva Local News
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
Contact Information
Alan Westerlund & Virginia Stafford
239-287-5698
Request More Information Let me answer your questions!
Ask Me!
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Mortgage Rates
– May 28th, 2012 –
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30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
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Request More Information Let me answer your questions! Ask Me!
Alan Westerlund & Virginia Stafford
Sand Castle Realty Group, Inc.
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 239-287-5698
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