U.S. housing starts fell 1.1% in February to a 698,000-unit rate, missing
economists’ estimates of a 700,000-unit rate. Permits to build new homes rose
5.1% to a 717,000-unit rate, topping estimates of a 690,000-unit rate. Permits
were at their highest level since October 2008. Foxnews.
The Mausser Team
Fort Myers Beach Real Estate
Housing starts rose 1.5% in January to a 699,0000-unit rate, topping estimates
of a 675,000-unit rate. Permits to build new homes rose 0.7% to a 676,000-unit
rate, slightly less than the 680,000-unit rate expected.
Foxnews.
U.S. existing home sales rose 5% in December to an annualized rate of 4.61
million units, according to the National Association of Realtors. Economists
expected a 4.1% increase to 4.65 million units.
Existing home sales rose 7.7% in August from July to a 5.03 million unit rate, topping the 1.4% gain economists had expected. from FoxNews
Contracts for pending sales of previously-owned homes rose by 2.4% in June from May. Economists had expected a 2% decline.
The S&P/Case-Shiller composite index of 20 metropolitan areas shows home prices rose 1% in May on a non-seasonally adjusted basis, a bigger increase than the 0.7% rise economists had expected. With seasonal adjustments, the gauge fell by 4.5%, in line with estimates.
Condos for Sale in Fort Myers Beach
headlines from FoxBusiness.com
The S&P/Case Shiller composite index of 20 metropolitan areas shows home prices rose 0.7% in April on a non-seasonally-adjusted basis, topping estimates of a 0.3% gain. With seasonal adjustments, the gauge ticked lower by 0.1%, a shallower loss than the 0.2% Wall Street expected.
headlines from FoxBusiness.com:
Here is a posting of recent sales in the last month for condos sold in Fort Myers Beach.
Stats from the Lee County Database.
|
Sale Amount
|
Address
|
Sale Date
|
Bed
|
Bath
|
|
$140,000.00
|
18052 SAN CARLOS BLVD 158
|
5/27/2011
|
2
|
2.5
|
|
$175,000.00
|
21480 BAY VILLAGE DR 153
|
5/25/2011
|
2
|
2
|
|
$195,000.00
|
3045 ESTERO BLVD 1A
|
6/10/2011
|
2
|
2
|
|
$425,000.00
|
4191 BAY BEACH LN 262
|
6/13/2011
|
2
|
2
|
|
$575,000.00
|
4192 BAY BEACH LN 884
|
5/24/2011
|
3
|
2
|
|
$35,100.00
|
4192 BAY BEACH LN 893
|
5/24/2011
|
3
|
2
|
|
$280,000.00
|
4331 BAY BEACH LN 251
|
6/1/2011
|
2
|
2
|
|
$280,000.00
|
4361 BAY BEACH LN 324
|
5/27/2011
|
2
|
2
|
|
$325,000.00
|
450 OLD SAN CARLOS BLVD 305
|
6/6/2011
|
2
|
2
|
|
$657,000.00
|
4745 ESTERO BLVD 803
|
5/25/2011
|
2
|
2
|
|
$600,000.00
|
4753 ESTERO BLVD 1405
|
6/13/2011
|
2
|
2
|
|
$307,500.00
|
6662 ESTERO BLVD 111
|
6/1/2011
|
2
|
2
|
|
$185,000.00
|
6899 ESTERO BLVD 211
|
5/27/2011
|
2
|
2
|
|
$335,000.00
|
7150 ESTERO BLVD 905
|
6/2/2011
|
2
|
2
|
|
$152,500.00
|
7360 ESTERO BLVD 108
|
5/24/2011
|
0
|
1
|
|
$355,000.00
|
8350 ESTERO BLVD 611
|
5/27/2011
|
2
|
2
|
|
$1,150,000.00
|
8402 ESTERO BLVD 1102
|
6/14/2011
|
2
|
2
|
|
$180,000.00
|
8701 ESTERO BLVD 806
|
6/3/2011
|
1
|
1
|
|
$178,000.00
|
8771 ESTERO BLVD 603
|
5/23/2011
|
1
|
1
|
*Sales Statistics from SWFL MLS
In comparison with 2010 sales data, the number of Fort Myers home sales were up 15% and the number of Fort Myers condominium sales rose by 8%. The average price for homes rose by 14.5% while the average price for condominiums rose by 4%. At the end of the quarter, there were 3,407 active residential properties listed in the Fort Myers MLS. That’s a decrease of 6% versus this time last year. Pending sales were up 49% over last year and totaled 1,728. The median price of all existing properties was $121,250, up 16% from a year ago. The median price for properties sold above $300,000 was $427,500, up 6.2% from $402,500 in 2010.
