Thirty-nine (39) single family homes were sold in Estero in December, down 40% from December, 2016. Despite weak...
EDRs Articles
Estero’s December Commercial Permits Weak; 2017 Especially Strong
Commercial permits in December 2017 totaled $1,237,003, one of the lowest monthly figures this year. The $114 million...
Estero’s December Residential Building Permits Include 2nd Genova Unit; 2017’s Total Permits Approach $90 Million
During December 2017, permits for forty-three (43) residential units were issued. This included a thirty-four unit...
The Future of Estero’s Malls: Brighter Than the National Outlook
New research from Credit Suisse predicts nearly one in four American malls will close by 2022, Fortune Magazine recently reported. Fueled by the rise in e-commerce, store closures are reaching epidemic proportions; Amazon sales continue to rise as sales from...
Estero’s May Commercial Permits Include Coconut Point Renovations
Estero’s commercial permits in May, 2017 totaled $4,074,762, including $2 million for the renovation of the old Sports Authority location in Coconut Point Mall. So far this year, over $4.7 million has been invested in renovations within the Mall. This year’s total...
Estero’s May Residential Housing Permits Remain Steady
During May 2017, permits for fifty-five (55) residential units were issued in Estero, including seventeen (17) single family homes, two (2) duplex homes and thirty-six (36) condominium units. The condominium permits were the first construction permits issued to Genova...
June 2017: Development Review Summary
Village Council Actions Edera at Coconut Point Village Council heard plans for Edera at Coconut Point, a 180-unit apartment complex along Via Coconut Point south of Williams Road, during a first reading of the proposed ordinance. Council sent this proposal back to the...
Estero’s May Single-Family Home Sales Rebound
For May, 2017, the Multiple Listing Service (MLS) reported sixty-five (65) single family home sales in Estero, up 38% from May, 2016. After bouncing back from lower sales in April, May year-to-date sales increased 5% from 2016. Sales figures for 2017 and for each...
Feature: The History of Housing in Estero: 2000-2016
The Village of Estero had about 22,403 residences at the end of 2016. Here’s a look at the history and demographics of housing in Estero. Prologue In 1997, the Estero Fire District conducted a survey of all structures in Estero and found about 4,600 housing units of...
Estero’s First Quarter Permits Dominated by Apartments One of the Best First Quarters in a Decade
During the first quarter of 2017, permits for two hundred seventy-three (273) residential units were issued in Estero, including thirty-one (31) single family homes, twelve (12) duplexes and two hundred-thirty (230) apartments. The apartments included two hundred-six...
Estero’s No. 1 Transportation Problem
The Interstate 75 interchange at Corkscrew Road is failing to adequately handle traffic during peak hours of usage. As Estero’s only connection to the interstate highway system, this interchange is a source of continual aggravation as traffic routinely backs up,...
Feature: Rental Housing is Booming in Estero
In 2012 Richard Hunt, the ECCL’s real estate market research consultant, found that Estero had a shortage of both rental and senior housing. During the housing boom of the early 2000’s Estero rental-only housing was converted to condominiums. Almost immediately after...