The Southwest Florida housing market continues to sizzle as the median sale price across the region reaches a 10-year high.
The median sale price for the month of August was $334,950– a staggering increase of over 17% from this time last year, and over 26% higher than the August of 2015 median.
Low interest rates and inventory levels are the driving forces in this trend, creating an ideal market for both buyers and sellers.
Here’s a breakdown of August’s median sale prices by city and property type:
Bonita Springs:
- Single Family: $442,500
- Condo/Town Home: $275,000
Naples:
- Single Family: $475,000
- Condo/Town Home: $288,000
Estero:
- Single Family: $425,000
- Condo/Town Home: $267,000
Fort Myers:
- Single Family: $325,000
- Condo/Town Home: $186,000
Fort Myers Beach:
- Single Family: $552,500
- Condo/Town Home: $431,000
Cape Coral:
- Single Family: $286,250
- Condo/Town Home: $174,500
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