Estero’s Single-Family Home Sales in First Four Months Up 6%

Estero single family home sales in the first four months of 2018 increased 6% from the first four months of 2017, which itself was a record year.

Sales surged in April with 73 closings, making this April the best April since the ECCL began tracking sales in 2010. And, the inventory of listed homes at the end of April remains near an all-time high.

Sales figures so far this year and for each month for the previous two years are shown below:

At April 30, there were 493 listings of currently active, unsold homes (i.e., “inventory”), one of the highest levels in the last seven years.  Pending sales declined over 15% from March 31, but still remained high at 105 homes at the end of the April.

Distressed sales remained low, while distressed sales in inventory at the end of the month were 1%, the lowest level since 2012.

Continued thanks to Estero’s Joe Pavich, Sr. of Realty World J Pavich Real Estate for supplying us monthly sales and inventory figures.

Notes:    1) “Distressed sales” include short-sales and sales of bank owned property in which the bank receives less than their loan amount.

2) Figures include homes in Estero (excluding homes in the Estero portion of Pelican Landing, which are not separately shown in the MLS).  Also not included are figures for multi-family homes.

Source: Multiple Listing Service (“MLS”).

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