Sanibel real estate blog: LOW inventory

Here are some current stats from the Sanibel real estate board that you may find interesting: Our inventory is down 43% from the past 3 year average. This has translated into a 17% increase in the median price of a single family home compared to this time last year. Mainly in homes under $600,000. This increase in “lower priced homes” is also happening in Ft. Myers and Naples according to their Board of Realtors stats. Higher priced properties ( in all three areas) have seen minimal increases in prices. With record low inventories we should start to see some upward movement in this area soon. The condo market remains sluggish with little or no increase in price and fewer sales than this time last year.

Feel free to call and discuss the Sanibel real estate market anytime, Chuck Andrews at 239-849-3396, or check out our website for the lastest Sanibel real estate listings. CMN-REMAX-Balloons_w100

Leave a Reply