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Sept 2012 Fort Myers Market Report

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Sept 2012 Fort Myers Market Report
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Contents: ¾Conventional/REO/Short Sale Single Family Sold ¾Sold Properties by Cities ¾2008-2012 Properties Sold ¾Supply Inventory ¾Median Price Comparison by Year www.swflrealtors.com
Transcript
Page 1: Sept 2012 Fort Myers Market Report

Contents:¾Conventional/REO/Short Sale Single Family Sold

¾Sold Properties by Cities

¾2008-2012 Properties Sold

¾Supply Inventory

¾Median Price Comparison by Year

www.swflrealtors.com

Page 2: Sept 2012 Fort Myers Market Report
Page 3: Sept 2012 Fort Myers Market Report

Page # 5. Single Family & Condo Sales 2008 – 2012 17. Condos -Fort Myers & Ft Myers Beach By Type 6. Median List Price & Percent Sold to Active Single Family 18. Condos – N Fort Myers & Lehigh Acres By Type 7. Single Family Median Price Comparison & Solds 19. Condos – Cape Coral & Pine Island By Type 8. Condos / Townhouses Median Price Comparison & Solds 20. Condos –Bonita Springs & Estero By Type 9. Month’s Supply of Inventory– S / F & S / F Foreclosed / REO’s 21. Sold Listings Pie Chart By Type 10. Lee County Single Family 2011 /2012 Sold By Type 22. DOM 12 Month Residential Comparable 11. S / F - Fort Myers & Fort Myers Beach Sold By Type 23. Lee County Single Family Sold 2009-2012 12. S / F - No. Fort Myers & Lehigh Acres Sold By Type 24. Sold By City – FM, NFM, FMB, CC 13. S / F – Cape Coral & Pine Island Sold By Type 25. Sold By City – PI, Lehigh, BS & Estero 14. S / F – Bonita Springs & Estero Sold By Type 26. Residential Weekly Market Activity 15. S / F –Hendry County & Glades County Sold By Type 27. Single Family Properties Sold 2008-2012 16. Condos – 2009-2012 Sold Monthly & By Type 28. Single Family Sold By Price Range

Page 4: Sept 2012 Fort Myers Market Report
Page 5: Sept 2012 Fort Myers Market Report

9,340

2,184

16,985

3,900

15,236

4,674

14,105

4,655

9,361

3,346

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2008 2009 2010 2011 2012

S/F Condo's

Thru 9/30/12

Florida Gulf CoastMuliple Listing Service, Inc.

Page 5Lee County - Single Family & Condos Sold

Single Family Includes Villas & Half Duplexes Condos includes Townhouses

Page 6: Sept 2012 Fort Myers Market Report

$124,000$127,000$129,900$127,000$132,000$130,000$125,000

$120,000$106,000

$115,000$105,000$102,500$101,500

$129,000$132,900$130,000$131,450

$135,990$135,900$129,900$125,000

$110,000$119,900

$109,900$104,950$106,900

0

25,000

50,000

75,000

100,000

125,000

150,000

175,000

200,000

SEP 11 OCT 11 NOV 11 DEC 11 JAN 12 FEB 12 MAR 12 APR 12 MAY 12 JUN 12 JUL 12 AUG 12 SEP 12

Sold Price List Price

97% 99%97% 96%96%99%93% 97%97% 96%96% 95%95%

List Price to Sold Price Percentage

1,487

1,302

1,202 1,016939

1,013

974 1,007

1,070

1,117 1,123972

1,039

1,194

1,566

1,413

1,234

1,233

1,0671,078 1,028

960 963864

1,3761,103

978 868 833755

954 901 794

8851,025

1,2601,156 1,097

1,008897 875

780

0

300

600

900

1,200

1,500

1,800

2,100

2,400

Jan Feb Mar Apr May** Jun** Jul Aug Sep Oct Nov Dec

2011 Actives 2011 Solds 2012 Monthly Actives 2012 Solds

2012 Solds

2012 Actives

January 2011Florida Gulf Coast

Muliple Listing Service, Inc.Median List/Sold Price - Single Family* Residential Page 6

2011/2012 Single Family* Listings - Monthly Sold and Active** Listings

* Single Family Includes Villas & Half Duplexes * * Actives from May 2012 forward are Lee County only.

Page 7: Sept 2012 Fort Myers Market Report

$85,000$85,000 $90,000

$96,000 $91,000 $93,000 $87,500 $84,200$88,000 $86,000

$83,000$88,000

$81,000

$92,000 $92,816$103,000 $100,000 $101,500 $99,000 $97,000 $99,450

$95,000$103,900

$116,950$124,000$127,000$129,900$127,000$132,000$130,000$125,000

$120,000

$106,000

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

January February March April May June July August September October November December

2010 2011 2012

1,239

984

1,113

1,404 1,3921,320

1,027 1,040

933 925894

1,1781,134

1,259

1,588

1,434

1,2241,289

1,016

1,1181,065 966

981 967

1,260

1,025

885

1,1561,097

1,008897

875780

0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 2011 2012

Florida Gulf CoastMuliple Listing Service, Inc. Single Family* Median Price Comparison 2010-2012

Page 7

2010-2012 Monthly Totals of Single Family* Solds

* Single Family Includes Villas & Half Duplexes

* Single Family Includes Villas & Half Duplexes

Page 8: Sept 2012 Fort Myers Market Report

$92,000 $91,500

$104,950 $105,700 $104,000

$95,000$103,200

$79,500$85,000

$91,000 $92,500

$109,950$103,000

$93,000

$110,000

$122,000$115,000

$120,000

$104,900 $111,250

$89,950$97,028 $100,500 $99,000

$111,000$117,500$114,500

$125,000$125,000$129,525$125,000

$110,000$116,000

$-

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

January February March April May June July August September October November December

2010 2011 2012

359

293

206231

262285

232

406

516

469

368

317

274

238204

202238247

280323

420

455

342337

261

306

260

355

410

482

290

336

516

0

100

200

300

400

500

600

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2010 2011 2012

Florida Gulf CoastMuliple Listing Service, Inc. Condos/Townhouses Median Price Comparison 2010-2012

Page 8

2010-2012 Monthly Totals of Condos/Townhouses Solds

Page 9: Sept 2012 Fort Myers Market Report

15,539 15,438 15,412 15,407 14,926 14,817 14,818 14,386 14,049 13,833 13,441 13,300 12,962

3,7353,7303,9893,5793,7424,1694,5034,9775,0304,8574,5834,8774,186

3.53.43.63.13.23.53.64.04.03.83.63.83.2

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

22,000

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12** Jun 12 Jul 12 Aug 12 Sep 120.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

Solds -12 Month Cumulative Current Actives Months of Inventory

# of Months

Page 9Florida Gulf CoastMuliple Listing Service, Inc. Month's Supply of Inventory - Single Family*

5,422

2,7873,394 3,201

5,304 5,071

3,0333,5503,782

4,1294,4124,7195,209

433 336 334 290 236 240 191 172 152 186 198 202 198

0.850.800.74

0.66

0.510.550.560.65

0.600.69

0.770.76

0.96

0

2,000

4,000

6,000

8,000

10,000

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12** Jun 12 Jul 12 Aug 12 Sep 120.00

0.20

0.40

0.60

0.80

1.00

1.20

Solds - 12 Month Cumulative Current Actives ** Months of Inventory

Absorption (NAR's caculation) - # of Sold Divided by 12 ( # of Months ) gives you the per month Absorption Rate. Divide Rate into the Actives for the Month. This gives you the Monthly Absorption.

# of Months

# of Listings Month's Supply of Inventory - Foreclosed/REO Single Family*

* Single Family Includes Villas & Half Duplexes ** - After April 2012 Actives only Inclued Lee County

Page 10: Sept 2012 Fort Myers Market Report

459 424 450 439 433

583

759 745 731659

599 555489

208180 176 176 187

184

232188 192

171

155163

167

307

307 236 208 200

169

209

195 174

178

143158

124

0

200

400

600

800

1,000

1,200

1,400

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 12

Jul 1

2

Aug 12

Sep 12

Conventional Short Sale REO's

1,008

1,097

876820 780

974

911862

897

823

936

1,200

1,028

Page 10Florida Gulf CoastMuliple Listing Service, Inc. 2011/2012 Sold Single Family* - Lee County

* Single Family Includes Villas & Half Duplexes

Page 11: Sept 2012 Fort Myers Market Report

135 123 130 108 121149

201 205 204 204158 148 139

7160 40

4847

46

56 49 55 54

44 50 46

8790

6754 51

44

51 52 41 41

40 3927

0

50

100

150

200

250

300

350

400

Sep 11

Oct 11

Nov 11

Dec 11Ja

n 12Fe

b 12

Mar 12

Apr 12

May 12Ju

n 12Ju

l 12

Aug 12

Sep 12

Conventional Short Sale REO's

299 237242 212293 210237 239273 306318 300219

5 57

9 9

15 1416

13

68 9

4

33

1

1

1

0

0

1

0

2

3

0

3

20 3

0

0 0

2

1

1

1

11

1

0

2

4

6

8

10

12

14

16

18

20

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 12

Jul 1

2

Aug 12

Sep 12

Conventional Short Sale REO's

6 71210 109 8 12 16169 1719

Page 11Florida Gulf CoastMuliple Listing Service, Inc.

2011 / 2012 Sold Single Family* - Fort Myers Beach

2011 / 2012 Sold Single Family* - Fort Myers

* Single Family Includes Villas & Half Duplexes

Page 12: Sept 2012 Fort Myers Market Report

1723

2720

1423

39 3733 34

2327

16

52

7

7

6

1311

5 3

5

6

6

11

4 10

10

11

9

86

65

84

12 9

0

10

20

30

40

50

60

70

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 1

2Ju

l 12

Aug 12

Sep 12

Conventional Short Sale REO's

34 38 3034 34 35 3128 39 63 57 4346

79 75 84 7354

97 97 101 106122

101 10783

34 42 3335

39

3961 39 43

37

3340

36

7784

6551

50

38

5160 49

49

3138

30

0

25

50

75

100

125

150

175

200

225

250

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 1

2Ju

l 12

Aug 12

Sep 12

Conventional Short Sale REO's

165 185 149190 201 182 159 143 209174 200 198 208

Florida Gulf CoastMuliple Listing Service, Inc.

2011 / 2012 Sold Single Family* - North Fort Myers Page 12

2011 / 2012 Sold Single Family* - Lehigh Acres

* Single Family Includes Villas & Half Duplexes

Page 13: Sept 2012 Fort Myers Market Report

201 179 175 202 189252

330 309 285228 236 209 194

424365 353

381404

505451

357 353335

314

100

70 9198

90

87

89

7577

66 6564

65

353

419

0

100

200

300

400

500

600

700

800

900

1000

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 1

2Ju

l 12

Aug 12

Sep 12

Conventional Short Sale REO's

725 614 619 632 924743681 781 651835 654 602 573

85 5 6

11 11

23

8

16

106 7

10

1

2 1

43

2 6

23

5

2

2

2

2

3

5

0 20

1

24

3

0

0

1

0

5

10

15

20

25

30

35

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 1

2Ju

l 12

Aug 12

Sep 12

Conventional Short Sale REO's

11 11 18 16 31 13 813 10 1411 9 21

Florida Gulf CoastMuliple Listing Service, Inc.

Page 132011 / 2012 Sold Single Family* - Cape Coral

2011 / 2012 Sold Single Family* - Pine Island

* Single Family Includes Villas & Half Duplexes

Page 14: Sept 2012 Fort Myers Market Report

15 1417

2521 21 23

31

2421

2421

15

42

4

3

34

4

66

6

9

11 74

6

612

3 7

2

3

0

1

3

10

0

10

20

30

40

50

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 1

2Ju

l 12

Aug 12

Sep 12

Conventional Short Sale REO's

25 22 27 33 313137 3641 27 29 2030

12 1013 15

10

18 20 1923

12

22

12 12

1

2

1

710 10

3

6 41

6

4

3

5

0

3

47 9 5 2

5 3

5

0

10

0

5

10

15

20

25

30

35

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 1

2Ju

l 12

Aug 12

Sep 12

Conventional Short Sale REO's

28 27 17 29 27 23 1717 27 1326 29 34

Florida Gulf CoastMuliple Listing Service, Inc.

Page 142011 / 2012 Sold Single Family* - Bonita Springs

2011 / 2012 Sold Single Family* - Estero

* Single Family Includes Villas & Half Duplexes

Page 15: Sept 2012 Fort Myers Market Report

108

5 5 4 3

10 10

64

118

5

0 5

3

1

2 3

3

23

3

24 6

3

10

4

5

2

4 1

1

7

11

4

0

0

2

4

6

8

10

12

14

16

18

20

22

24

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 1

2Ju

l 12

Aug 12

Sep 12

Conventional Short Sale REO's

13 16 10 11 22710 917 17 1614 15

0

1

3 3

001

0

1

22

00

0

0

0

1

0

0

0

0

0

00

00

0

0

1

1

1

0

0

1

1

0

00

1

2

3

4

Aug 11

Sep 11

Oct 11

Nov 11

Dec 11

Jan 12

Feb 12

Mar 12

Apr 12

May 12

Jun 1

2Ju

l 12

Aug 12

Conventional Short Sale REO's

0 2 3 1 4 41 10 1 0 0 1

Florida Gulf CoastMuliple Listing Service, Inc.

Page 152011 / 2012 Sold Single Family* - Hendry County

2011 / 2012 Sold Single Family* - Glades County

* Single Family Includes Villas & Half Duplexes

Page 16: Sept 2012 Fort Myers Market Report

317

238

274

244

137

195

271291 283 282

234 230

274

219

342

368

469

516

406

359

232

285

262

231206

293

247238

204

337 342

455

420

323

280

202

000

261

306

355

260

410

482

516

336

290

0

100

200

300

400

500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010 2011 2012

Florida Gulf CoastMuliple Listing Service, Inc. 2009 - 2012 Total Condo's/Townhouses Solds Page 16

116 117145

169 175

232

375 380

309268

195220

186

33 3731

41 33

30

51 35

41

35

25

33

33

53

43

58 62

60

52

40

53

43

44 5062

64

0

100

200

300

400

500

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Lee County Condo's/Townhouses Breakout - Sold 2011 - 2012

Page 17: Sept 2012 Fort Myers Market Report

62 6180 81 92

136

219

181154

138

101117 110

19

20

19

24

2925

1817 18

43

39

35

3032

28

1419

20

41

31 30

39 4233

30

35

0

50

100

150

200

250

300

350

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Page 17Florida Gulf CoastMuliple Listing Service, Inc.

Condo's/Townhouses Sold - Fort Myers 2011 - 2012

10 1113 14 13

15

2224

33

22

11

19

11

2 3

1

1

12

3

0

1

3

1

1

0

0

1

1

0

22

0

2

1

0

1 3

3

0

5

10

15

20

25

30

35

40

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Condo's/Townhouses Sold - Fort Myers Beach 2011 - 2012

Page 18: Sept 2012 Fort Myers Market Report

3 3 4

12 1215 15

34

20

13 13

692 1 0

4

1

1

0

0

1

14

0

4

7

22

1

1

1

1

31

41

3

0

5

10

15

20

25

30

35

40

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Page 18Condo's/Townhouses Sold - North Fort Myers 2011-2012Florida Gulf CoastMuliple Listing Service, Inc.

1

2

1

5

3

5

2

3

01

2

3

6

0

0

0

1

0

2

0

01

1

03

1

0

1

0

0

12

0

101

1

0

3

0

2

4

6

8

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Condo's/Townhouses Sold - Lehigh Acres 2011-2012

Page 19: Sept 2012 Fort Myers Market Report

31

16

35 3326

36

46 49

38 38

2330

27

9

9

5 8

5

6

33

3 4

3

10

5

13

12

610

6

2

12 4

8 6

4

9

7

0

10

20

30

40

50

60

70

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Florida Gulf CoastMuliple Listing Service, Inc. Condo's/Townhouses Sold - Cape Coral 2011-2012 Page 19

2

3

1

00

2

1 1

0

1

0

0

0

0

00

000

0

1

00

0 00

0

0 00

0

000

00

1

0

00

0

0.5

1

1.5

2

2.5

3

3.5

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Condo's/Townhouses Sold - Pine Island 2011-2012

Page 20: Sept 2012 Fort Myers Market Report

1310

15

2018

12

3235

2017

2117

15

5

5

3

5

1

2

2

2

2

0

2

22

7

4

8

8

4

5

3

3

2

5

1

35

0

5

10

15

20

25

30

35

40

45

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Florida Gulf CoastMuliple Listing Service, Inc. Condo's/Townhouses Sold - Bonita Springs 2011-2012 Page 20

2

108 8

18

11 10

18

26

1512

14

8

2

12 1

4

4

1

5

3

3

3 0

4

5

33

3

4

3

2

5

4

1 3

4

2

20

5

10

15

20

25

30

35

Sep 11 Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 Jun 12 Jul 12 Aug 12 Sep 12

Conventional Short Sale REO's

Condo's/Townhouses Sold - Estero 2011-2012

Page 21: Sept 2012 Fort Myers Market Report

Sold Listings July 2012 - September 2012 Sold Listings April 2012 - June 2012# of listings Median Price # of listings Median Price

Traditional 1,739 64% 150,000$ Traditional 2,188 66% 156,000$ Short Sale 519 19% 95,000$ Short Sale 566 17% 91,500$

Foreclosures 452 17% 87,000$ Foreclosures 560 17% 85,225$ 2,710 3,314

** This chart is published quarterly.

Short Sale 19%

Traditional64%

Foreclosures17%

Median Price -$87,000

Median Price$150,000

Median Price -$95,000

Short Sale 17%

Traditional66%

Foreclosures17%

Median Price$85,225

Median Price$156,000

Median Price$91,500

Florida Gulf CoastMuliple Listing Service, Inc.

Single Family* Sold Listings April 2012 - June 2012**

Single Family* Sold Listings July 2012 - September 2012**

Page 21

* Single Family Includes Villas & Half Duplexes

Page 22: Sept 2012 Fort Myers Market Report

575952 54

6173 74 69 66

5763

5663

5550 51 54

70 66 6459

5059

51 5060

7263 65

9175

82 8275 69

7868

79 83

0

25

50

75

100

125

150

Sep-1

1

Oct-1

1

Nov-1

1

Dec-1

1

Jan-

12

Feb-1

2

Mar-12

Apr-12

May-12

Jun-

12

Jul-1

2

Aug-1

2

Sep-1

2

All Residential Single Family Condos/ Townhouses

Florida Gulf CoastMuliple Listing Service, Inc.

Days On Market - Last 12 Months - Solds Page 22

All Residential/Single Family*/Condos/Townhouses

124

25

71

5240

4969 64 59 59

4758 52 51 56

105130

161

99121

142151

138153

139159157

2425202521293529272528210

50

100

150

200

250

Sep-11

Oct-11

Nov-11

Dec-11Ja

n-12Feb-12

Mar-12

Apr-12

May-12Jun-12

Jul-12

Aug-12Se

p-12

Conventional S/F Short Sale S/F REO S/F

Average # of DOM for Sold Residential Listings calculated by Rapattoni* Single Family Includes Villas & Half Duplexes

Days On Market -Single Family* By Type

Page 23: Sept 2012 Fort Myers Market Report

1,2391,064

1,2181,278

1,179

1,272

1,402

1,551

1,4511,406

1,326

932

820

1,027

894

1,092

1,320

1,3921,404

1,113

984933

1,040

925967981966

1,065

1,1181,016

1,239

1,320

1,392

1,588

1,259

1,134

885

1,025

1,278

1,1561,097

1,008

897 875

780

0 0 00

100

200

300

400

500

600

700

800

900

1000

1100

1200

1300

1400

1500

1600

1700

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010 2011 2012

Florida Gulf CoastMuliple Listing Service,

ILee County Single Family* Solds 2009-2012 Page 23

* Single Family Includes Villas & Half Duplexes

Page 24: Sept 2012 Fort Myers Market Report

2009-2012 Sold Single Family* - North Fort Myers

Page 24Florida Gulf CoastMuliple Listing Service, Inc. 2009-2012 Sold By City

220 212

134

190216

237258

269 257 239 243

259 247280

216198

237

357

316 289283 254 242

300

210

351

383

284

407

222

274277 286 293

273

237219 239

308306

300 299

242237

212

0 0 00

50

100

150

200

250

300

350

400

450

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010 2011 2012

39

29 2932

23

44

35

53

34

43

33

53

47

40

50

41

29

3231

38

63

50

413839

28

45

3434

28

454446

56

34

70

57

3031

39

63

4643

3438

0 0 00

10

20

30

40

50

60

70

80

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010 2011 2012

6

12

0

11 11

67

4

77

3

16

10

8

6

10

4

12

6

10

11

14

12

9

8

0

6

11

12

8

13

6

11

13

6

12

00

7

10

12

10

17

19

1616

9

0

2

4

6

8

10

12

14

16

18

20

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2008 2010 2011 2012

2009-2012 Sold Single Family* - Fort Myers Beach

2009-2012 Sold Single Family* - Fort Myers

550

623598

569

471

412442

409446433

463

672713

695

755

644606

546 569 580607

426470

441

532

432

642

561

513 511

420443 424

365 353381

00

335353

505

404353

451419

357314

00

100

200

300

400

500

600

700

800

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010 2011 2012

2009-2012 Sold Single Family* - Cape Coral

* Single Family Includes Villas & Half Duplexes

Page 25: Sept 2012 Fort Myers Market Report

21

15

12

10

14

1112

14

6

13

15

11

13

9

13

88

17

15

18

910

11

8

13

17

19

8

119

11

181717

13

19

00

14

8

13

21

182

10

31

1816

13

0

5

10

15

20

25

30

35

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010

14

23

40

31 32

41

34

40

37 37

42

38

30

50

54 55

48

40

32

25

34

3941

3132

24

40

50

53

35

43

34

30

25

22

27

37

31

00

20

29

27

36

3331 30

00

10

20

30

40

50

60

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010 2011 2012

Florida Gulf CoastMuliple Listing Service, Inc. 2009-2012 Sold By City

2009-2012 Sold Single Family* - Pine Island

2009-2012 Sold Single Family* - Bonita Springs

233

332

363

410

322 329

298

357327 322 312

261 256251

316

243218 219 219

190 182159

213

387

452

363

327

363

280272

213 215

263221

234 201200

00

149185165

208198

209174

143

00

50

100

150

200

250

300

350

400

450

500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010 2011 2012

Page 25

2009-2012 Sold Single Family* -Lehigh Acres

15

10

15

24

20

31

16

2225 25

22

34

21

26

30 30

47

36

1719

17

26

21

2828

48

36 35

18

33

16

21

2628 27

2927

000

13

1717

23

27

17

29

34

0.0

10.0

20.0

30.0

40.0

50.0

60.0

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2009 2010 2011 2012

2009-2012 Sold Single Family* - Estero

* Single Family Includes Villas & Half Duplexes

Page 26: Sept 2012 Fort Myers Market Report

380394352

275281

379407

301317342315290269

253230209115122

261202155138

234

244

204132

262247243195196

276299

209214244207215175

19517616890103

209163

114119

176198150

1030

100

200

300

400

500

600

700

800

7/7/

2012

7/14

/201

2

7/21

/201

2

7/28

/201

2

8/4/

2012

8/11

/201

2

8/18

/201

2

8/25

/201

2

9/1/

2012

9/8/

2012

9/15

/201

2

9/22

/201

2

9/29

/201

2

All Resid Improved Actives All Resid Improved Pendings Single Family Actives Single Family Pendings

Florida Gulf CoastMuliple Listing Service, Inc. Residential Weekly Market Activity - Past 3 Months Page 26

175215 207

244214 209

299 276

196 195

243 247262

172211 206

237208 201

286268

190 188

241 241 257

3 4 1 7 6 8 13 8 6 7 2 6 50

100

200

300

400

500

7/7/

2012

7/14

/201

2

7/21

/201

2

7/28

/201

2

8/4/

2012

8/11

/201

2

8/18

/201

2

8/25

/201

2

9/1/

2012

9/8/

2012

9/15

/201

2

9/22

/201

2

9/29

/201

2

Residential Improved Actives Residential Resale Actives All New Constr

* Single Family Includes Villas & Half Duplexes ** - After April 2012 Actives only Inclued Lee County & from June on include ALL Active Continginets

Residential Weekly Market Activity - Past 3 Months Resale & New Construction

Page 27: Sept 2012 Fort Myers Market Report

9,340

16,885

15,236

14,105

9,361

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

2008 2009 2010 2011 2012

Thru9/30/12

Page 27Florida Gulf CoastMuliple Listing

Single Family* Solds By Year

* Single Family Includes Villas & Half Duplexes

Page 28: Sept 2012 Fort Myers Market Report

215

159

33

91

4224

0

86

4331

3

148

-

50

100

150

200

250

300

Under $100,000 $100,000 - $199,000 $200,000 - $499,000 Over $500,000

Foreclosed Short Sale Conventional

152 148

31

211

105

221

140

59

223

171

0

50

100

150

200

250

300

Under $100,000 $100,000 - $199,000 $200,000 - $499,000 Over $500,000

Foreclosed Short Sale Conventional

128

34

013

4467

429

46

88

193

134

0

50

100

150

200

250

300

Under $100,000 $100,000 - $199,000 $200,000 - $499,000 Over $500,000

Foreclosed Short Sale Conventional

129

59

34

1

189

160148

28

266

85

16 0

-

50

100

150

200

250

300

Under $100,000 $100,000 - $199,000 $200,000 - $499,000 Over $500,000

Foreclosed Short Sale Conventional

August 2012August 2011

September 2011 September 2012

# of Single Family* Sold By Price PointsForeclosed / Short Sale / Conventional Comparison

Page 28Florida Gulf CoastMuliple Listing Service, Inc.

* Single Family Includes Villas & Half Duplexes

Page 29: Sept 2012 Fort Myers Market Report

Definitions for Monthly Market Indicators

Active Listings Any chart that refers to Active listings will include Active, Active Contingent and Active Contingent Short Sale. . Some of the charts will show NEW listings for the current month. Other charts will show the ALL Active listings on the 12th of the current month. Closed Sales Some of the charts will reflect closed sales for the current month and others will reflect Year-to-date sales. Monthly sales will only include the properties that are closed on the MLS by the 12th of every month. Only Year-to-date sales are updated for sales that closed after the 12th of the month. Days on Market The days on market (DOM) and cumulative days on market (CDOM) are both calculated in the MLS by Rapattoni. MLS calculates the cumulative days on market for the property continuously while it is active, until there is a break of at least 30 days. After a property is off the market for at least 30 days, the CDOM will reset back to zero. It does not reset if the listing is terminated or expired for less than 30 days or if it is picked up by a different agent. The DOM will reset back to zero anytime the listing is terminated or expired. Median Sales Price This is a basic measurement of home values in a market area. It is the half way point of the number of properties sold in a month. The current month sales will have half that sold for less than the median price and half that sold for more than the median price. This is calculated in Rapattoni by preparing a search and clicking the Statistics button. Months Supply of Inventory This is a way to measure how balanced or unbalanced the market is between buyers and sellers. It is expressed in the number of months it would hypothetically take to sell through all the available homes for sale, given the current levels of sales. In a buyer's market the number will grow higher, as there are fewer buyers relative to the number of homes for sale. In a seller’s market the number is lower, as there are more buyers relative to the number of homes for sale. Single Family All charts that provide Single family data include the property subtypes of Single Family, Villas Attached, and Villas Detached/Half Duplex. Condos All charts that provide Condo information will include the property subtypes of Low Rise, Mid Rise, High Rise and Townhouses. All the data in the Charts is pulled only for Lee County unless it specifically says Hendry or Glades.

Page 30: Sept 2012 Fort Myers Market Report

Index of Charts Single Family & Condos Sold – Page 5 This chart shows property sold year-to-date for the current month and previous 4 years of sales. It is broken out to include Single Family and Condos. The year to date total will pick up the listings that closed in the MLS after the 12th of every month. Median List and Sold Price – Page 6 (Top Chart) This chart reflects the Median List and Sold price for each month for 12 consecutive months. It will also show the List to Sold Price Percentage every month. This chart is Single Family listings. Monthly Sold and Active Listings – Page 6 (Bottom Chart) This chart show a year long snapshot of the number of Active(includes ALLAcitve Contingents) listings added each month. It is the number of listings lisitngs (New or Back on Market) for the month. This chart is Single Family listings. Median Price Comparison – Page 7 (Top Chart) This chart reflects the Median Price monthly for the last 3 years. This chart is Single Family listings. Monthly Totals of Solds – Page 7 (Bottom Chart) This chart reflects the number of properties sold monthly in the last 3 years. This chart is Single Family listings. Median price Comparison – Page 8 (Top Chart) This chart reflects the Median Price monthly for the last 3 years. This chart is Condo listings. Monthly Totals of Solds – Page 8 (Bottom Chart) This chart reflects the number of properties sold monthly in the last 3 years. This chart is Condo listings. Months Supply of Inventory – Page 9 (Top Chart) This chart reflects the closed listing (12 month cumulative) as well as the current number of Total Active properties. The number in the boxes shows the months of inventory for our market. This chart is Single Family listings. Months Supply of Inventory – Page 9 (Bottom Chart) This chart is the same as the top chart but it is only for REO/Foreclosed Single Family properties.

Page 31: Sept 2012 Fort Myers Market Report

Index of Charts

Single Family Sold – Page 10 This is a 12 month consecutive chart of closed sales broken out by types. Each month reflects the number of Conventional, Short Sales and REO’s in a month with the total appearing at the top of the bar. This chart is Single Family listings. Single Family Solds by Cities – Pages 11 – 15 These charts are closed sales by types (Conventional, Short Sales & REO’s) for the postal cities in Lee County. These charts are Single Family listings. Total Condos Sold – Page 16 (Top Chart) This chart reflects the last four years of closed sales. This chart is for Condo listings. Condos Sold by Type Page 16 (Bottom Chart) This chart is a 12 month consecutive chart of closed sales by type (Conventional, Short Sales, & REO’s). This chart is Condo listings. Condos Sold by Type – Page 17 – 20 These charts are a 12 month consecutive chart of closed sales by type (Conventional, Short Sales, & REO’s). These charts are Condo listings. Quarterly Pie Chart – Page 21 This is a quarterly chart of closed listings by type (Conventional, Short Sales, & REO’s) showing the percentage of total sales. This chart is for Single Family listings. Days on Market - Page 22 (Top Chart) This chart shows the Cumulative days on market calculated by Rapattoni for all Residential Property types. Days on Market - Page 22 (Bottom Chart) This chart shows the Cumulative days on market calculated by Rapattoni for Single Family by type (Conventional, Short Sales, & REO’s). Single Family Sold 2009 – 2012 – Page 23 This chart is for closed sales from 2009 through 2012. This is for Single Family listings.

Page 32: Sept 2012 Fort Myers Market Report

Index of Charts 2009 – 2012 Sold by Cities - Pages 24 & 25 These charts show the closed listings from 2009 through 2012 broken out by cities. This is for Single Family listings. Residential Weekly Market Activity – Page 26 (Top Chart) This chart shows weekly activity for the past three months for all residential and single family listings. This shows the listings that went active or pending for the week. Residential Weekly Market Activity – Page 26 (Bottom Chart) This chart shows weekly activity for the past three months for residential single family listings by resale and new construction. This shows the listings that went active or pending for the week. Single Family Solds By Year – Page 27 This chart shows all of the Single Family closed listings from 2008 through 2012. Single Family Sold by Price Points – Page 28 These charts show the closed sales by price points by the last two months compared to the previous year. It is broken out by types (Conventional, Short Sales, & REO’s). This is for Single Family listings.


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