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Hunter Habib | Blog

Friday, August 3, 2018   /   by Hunter Habib

Market Update - August 2018

Greetings, Neighbors!

It’s been a strangely dry, but wet, summer season thus far in Southwest Florida.  The unpredictable weather and the overabundance of algae we’re experiencing right now has not deterred buyers, but in the local market, inventory levels have decreased somewhat, especially in the $300-500K price segment.  This is likely due to those homes selling the quickest, as that price point is a sweet spot for many buyers currently looking in the market.
 
If you’re in the market to buy in that price point, be prepared for some competition out there due to the limited availability right now.  For those homes in this price segment that are accurately priced to market value with updated décor both inside and outside, and are in desirable communities, multiple offers will be the challenge for buyers.  If you find a property that you really like in this price segment, don’t wait – put your offer in now because tm ...

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Friday, July 6, 2018   /   by Hunter Habib

Market Update - July 2018

Greetings, Neighbors!

We hope you had a safe and happy 4th of July! Although it was a bit of a soggy holiday, this time of year marks the time when we look at the first half of 2018 in the Southwest Florida real estate market.   The numbers below reflect the Multiple Listing Service, which covers from Marco Island to Cape Coral.


YTD Sales (closings) vs. Last Year

2017- 17,035

2018- 17,600

+565


Average Sales Price

2017- $401,458

2018- $430,180

+$28,722


New Listings

2017- 26,292

2018- 27,907

+1,615


Average Days to Sell

2017- 83

2018- 82

-1 day

 

Total Current Active Listings by Volume

2017- $11,916,098,776

2018- $10,929,370,588

-$986,728,188

 

Total Sales Volume

2017- $6,838,836,358

2018- $7,571,444,502

+$732,608,144


 

As we can see by the numbers, the overall market this first half has been steady, which indicates a stable market.  (Please note some prim ...

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Tuesday, June 5, 2018   /   by Hunter Habib

Market Update - June 2018

Greetings, Neighbors!
 
Our warm summer temperatures and humidity have officially arrived! While the weather may be a bit uncomfortable due to hot temperatures, it certainly has not deterred buyer interest in the market!  Buyers are continuing to attend open houses and viewing listings in the Southwest Florida market. 

 
Sellers are starting to understand two very important factors. One – this is no longer a seasonal market. Buyers are spending a lot of time watching the market from wherever they are and will come back to the area if they see something of interest.   And two - accurate pricing will draw interest, while overpricing will not no matter what time of year it is.  Sellers are also facing competition from new construction communities. This competition will be even more challenging for those homeowners whose homes have not been updated inside or outside in the last three years.  There are some communities whose homes insm ...

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Thursday, May 3, 2018   /   by Hunter Habib

May 2018 - Market Update

Greetings, Neighbors!

The Spring selling season is coming to an end and for some, that means heading back up north as evidenced by the lighter traffic on the road.  However, this does not mean that buyers are no longer looking! A recent Realtor.com report (Realtor.com) showed that in the month of March 2018, there were over 2 million listing page view for the Bonita Springs and Estero area alone! Now, if we add Naples and Ft. Myers to that – wow! So, if you’re thinking of listing your home for sale but are unsure because of the summer season, there are plenty of reasons to list now.  Aside the fact, that our region has numerous listing views via online portals, such as Realtor.com, but also because buyers who are looking this time of year are serious! And sellers who list this time of year are also very motivated. And, because some do not list during this time, the competition is less! Take advantage of those points and go ahead and list it! Lastly, on this p; ...

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Wednesday, April 4, 2018   /   by Hunter Habib

Market Update - April 2018

Greetings Neighbors!
We are quickly approaching our end-of-spring and summer selling seasons; are you thinking about taking your home off the market? This time of year, we start seeing home owners pull their homes off the market and you also may be tempted to do the same. Don’t do it!  Let’s look at why you might believe this is a good idea. The point is that there are many reasons why folks believe their home won’t sell in the spring and summers seasons in Southwest Florida, but there is only one reason why it will sell – and that reason is in the numbers!
In earlier years, taking your home off the market in the spring and summer months did indeed seem like a viable option that made perfect sense. Back when the internet did not exist, the Southwest Florida real estate market did show more sales in the winter season than in the summer months. This made sense because folks were here during the winter months. They could look at homes with their agents, make ...

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