October 28, 2008

Real Estate Trend up again in Estero Florida

The real estate trend looks promising again in Estero, Florida. Estero is located North of Naples and Bonita Springs. Not yet a town, Estero has a council of community leaders (ECCL) - voluntary community organization with an architectural committee (Estero Design Review Committee) making Estero a pretty place to live.
The trend is up again globally for residential real estate in Estero (see graph).

- 424 properties have sold YTD in 2008.
- 416 properties have sold in 2007.
On the 424 properties sold so far:
- 220 single-family homes.
- 204 condominiums.
The pending home sales are also on a upward trend and as of today there are 74 properties under contract (pending sales) in Estero.

The inventory of resale properties and the new listings started to decrease in Estero:
This trend could be the prediction of a strong season 2008-2009.
Estero is still in a buyer's market for how long? With a decrease of inventory, prices are still a correct range so far. Properties in great location or great communities should not stay that long on the market.
Search all available listings in Estero.

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