Members of the Association closed 1,340 single family home sales in December, bringing the total for 2009 to 16,789; this is a 91.4% increase vs. 2008 when 8,768 homes were sold. Of the December sales, 48.3% were bank-owned, 18.2% were short sales and the remaining traditional sales made up 33.4% . The median price was $89,929, which is 8.0% lower than the prior December; however, the median price continues to be influenced by the number of bank-owned and short sales, which continues to drive down the overall median price. During Quarter 4, the median price for traditional sales was $135,000 (a 3.5% decrease from the prior quarter), for bank-owned sales it was $69,900 (up 2.7%) and the median price for short sales was $94,950 (up 6.6% from last quarter).
Tags: Buyers market, Cape Coral, Century 21, Florida, North Fort Myers, Real Estate, Real Estate Market, South West Florida, Sunbelt, turning market
Monika Wilson
Today
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