Must see! Demand for the Estero Florida Housing Market is slowing down

What would come next? Demand for the Estero Florida Housing Market is slowing down
Hey everyone, it's me, Manny Your Pool Home Realtor your go-to realtor in Southwest Florida. In this video, I'm excited to share my insights on the Estero, Florida housing market. As someone deeply invested in this area, I've noticed some significant trends that are shaping the real estate landscape here. Unlike other regions like Cape Coral, Fort Myers, or Bonita Springs, Estero's market has its unique dynamics. It's crucial to understand that real estate is local, and what happens here in Estero doesn't necessarily reflect the national scene.
So, let's dive into the numbers. The active inventory in Estero currently stands at 254 properties, with 45 homes sold in December. These homes stayed on the market for an average of 31 days. Now, talking about prices, the average home price hovers around $844,000, while the median is at $719,000. Interestingly, pool homes are a big deal here, with 142 on the market, ranging from $499,000 to a whopping $3.5 million. These numbers are crucial for both buyers and sellers to gauge the market pulse.
But here's the twist - demand in Estero is on a downward trend. This shift is evident in the declining number of pending sales, indicating a decrease in property demand. The month's supply of inventory, an indicator of market balance, sits at 5.6 months. This figure helps us understand whether we're in a seller's or buyer's market. Currently, the market is transitioning, with properties staying longer on the market and a potential adjustment in pricing on the horizon.
Another intriguing aspect is the historical pricing trend. Since 2016, prices in Estero have been relatively stable, but they've almost doubled recently, from $350-$400,000 to around $715,000. This price spike might be making Estero less affordable for some, affecting demand. As a realtor who specializes in pool homes, I can't help but notice these changes and how they impact both buyers and sellers.
In summary, the Estero real estate market is experiencing a significant shift. Demand is subsiding, inventory levels are changing, and we might see a corresponding adjustment in prices soon. If you're looking to buy or sell in Estero or nearby areas, feel free to reach out. I'm here to help you navigate this evolving market. Don't forget to subscribe and like for more updates on Estero's real estate scene. Catch you in the next market report - take care!
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For more information, please contact:
Manuel A. Vargas PA,. GRI.
Lic. REALTOR
Your Pool Home REALTOR®
239-822-0937
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*The Base Price (BP) provided is for the featured floor plan with the builder's features without any upgrades. Model homes will have lots of upgrades that will increase the price of that floor plan above the base price. A base Price is a fixed list of items or features in a home that are considered standard. Land premiums are not included in the Base Price.
Know that the price provided for any home featured in my channel is subject to change without notice. For new construction homes, I do not work for the builders and have no control over their prices and incentives or building timelines features and premium lots location. All content provided on Mannysellsflorida.com and the Your Pool Home Realtor RUclips channel/social media platforms is for informational/entertainment purposes only.
Accuracy of all information deemed reliable but not guaranteed and should be independently verified.
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[@YourPoolHomeRealtor]

WELCOME! Don't forget to like, share, and subscribe. More information coming up! Thank you

[@RalphSanabria]

Oh I almost forgot one thing I love the video of Manual enjoy your rest of your day😃

[@RalphSanabria]

It is very interesting numbers it look like it heading in the right direction.

[@AlexusRecords]

If your interested in Buying wait till June July August find a great realestate agent who will work with you and Bid Disgustedly Low. Cause with a recession hitting , interest rates high and economy in the gutter. Those who have double the prices of their homes looking to sell. Are going to take a hit. Sellers right now should be lowering their asking price by 20% to sell before it’s an all out 2008 situation. After April all the snowbird will be back up north. Lay offs are coming. Cape Coral is full of AirBNB s and investment properties, vacation homes etc. money has dried up. Wait till after June and offer bare minimum. 😅great deals are coming
Get Ready. Deals like you will never get again