The end of April 2015 shows steady growth for the Florida housing market. Florida Realtors recently released their latest data on the industry, which noted more new listings, higher median prices and increased sales at the end of last month. Here locally, John R. Wood Properties, serving both the islands of Sanibel and Captiva and the city of Fort Myers, continues to experience this growth for their clients in the Southwest Florida region.
Across the sunshine state, numbers continue to increase, which is great news for homeowners wanting to sell. It also happens to be good news for buyers whose investments will maintain their value in the increasing market. Last month, there were 25,206 closed sales of existing single-family homes, 17.9% more than the same month a year prior. Also compared to a year ago, last month’s existing single-family home sales prices were up 11.4%. Townhouse-condo property sale prices went up 10.3%.
Accompanying the housing market growth, individuals view real estate as a sound investment. In fact, Americans recently voted real estate as the number one best long-term investment, beating out stocks and mutual funds. [Read more about investments and Sanibel Island Real Estate in our previous post: Sanibel Real Estate: Americans Say Real Estate is Best Long-Term Investment.]
Whether you’re looking to sell or buy (or maybe just looking), it’s a great time to do so in Florida. When it comes to Southwest Florida, John R. Wood Properties can help you with that.
