Estero Fl Property Values

The median home sold price of homes in Estero Fl so far in 2015 is $340,000. Last year the median sold price was $293,868. The median sold price has increased 15.7%. I may be a good time to buy some real estate!
The number of Estero Fl homes for sale at end of July was 187, up from the previous month’s 186. In July of 2014, there were 180 homes for sale.
64 homes were sold in July 2015. In July 2014 57 homes were sold. 59 homes were sold in June 2015.
New listings for homes coming on the market in July 2015 – 71, compared to last year’s July figure of 61. The previous month 67 homes came onto the market.
The graph below shows the median sold price for homes by year from 2004 to 2015.
real estate

(The median sold price is the middle price, where half of the sales are of lower value and half are of higher value.)
Median sold price for July was $322,500. The median sold price decreased $27,500 over the previous month’s median sold price of $350,000 or 7.8%.
Median sold price for single-family homes increased 4.0% in the year over year comparison (July 2014 to July 2015) from $350,000 to $322,500.
The median sold price percentage increase is more than in 2015 than 2014. During calendar year 2014 the median sold price for a home in Estero increased 6.9% from 2013. In 2013 the sold prices increased 16.5% over 2012. So far, in 2015, the median sold price increase has been 15.7%.
Single-family home prices bottomed in 2011 when the median sold price was $210,000. As noted above, in 2015 the median sold price has been $340,000. This represents an increase of 61.9% since the bottom of the market.
Estero homes for sale are 3.3 months of inventory to be sold. (Sellers’ market exists when months of inventory are less than 6 months. Buyers’ market occurs when months of inventory exceed 6 months.) The previous month had an inventory of 3.4 months. Last year the months of inventory to be sold was 3.5 months.
The table below shows the number of homes for sale and months of inventory by price range. Red indicates a seller market, yellow represents a neutral market, and green represents a buyers market by price range. Homes classified as distressed properties (potential short sales and foreclosures) – 15 or 8.0% of the total market – 2 (1.1%) are potential short sales and 13 (6.9%) are foreclosed or REO (real estate owned) properties.
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