Fort Myers Real Estate is both a buyers and sellers market

Fort Myers Florida Real Estate continues to be a strong market for both buyers and sellers depending on where you actually live. I took a look at single family homes in zip code 33919 since that is where our main office is located (see first graph below). As you can see, for the first time this year there is less than 3 months supply of inventory.

It is much different in the adjacent zip code of 33908 for Single Family Homes in Fort Myers Florida. Here we see a rise in inventory, with over 7 months of inventory in July 2016. As a buyer, you should know that pricing is a game of supply and demand. Additionally the price per square foot in 33908 is $ 174 per square foot vs. $ 164 per square foot in the 33919 zip code. The activity in 33908 for sold units and pending sales is significantly lower than 33919 as well.

The key thing when making a purchase in Lee County is to work a REALTOR who is demonstrates knowledge of the area, the market and can negotiate the best buy for you. If you are looking at selling, the same is true. Pricing a property to sell with very little movement in certain areas is absolutely the key.