New Listings

*All Residential Types, excluding Multi-Family, data from Sunshine MLS

• Foreclosures/REO: 45 Listings.  Currently there are 34 Active, 2 Active w/ Contract and 9 Pending.  The highest foreclosure listed was for $352,800. and the lowest foreclosure listed was for $21,800.

• Short Sales: 59 Listings.  Currently there are 51 Active, 7 Active w/ Contract and 1 Pending.  The highest short sale listed was for $599,900 and the lowest short sale listed was for $45,000

• Traditional: 208 Listings.  Currently there are 203 Active, 0 Active w/ Contract and 5 Pending.  The highest traditional property listed was $4,495,000 and the lowest traditional property listed was for $29,000

Closed Sales

*All Property Types

• Foreclosures/REO: 31 Total.  The highest sold foreclosure sold for $557,500.  The lowest priced foreclosure sold for $34,000.  The Average Price of all sold foreclosures was $145,525 with an average of 74 Days On Market.  The average Price Per Square Foot was $88/psf.  The average Sold Price to List Price was  99%

• Short Sales: 29 Total.  The highest short sale sold for $640,000.  The lowest priced short sale sold for $31,300.  The Average Price for all sold short sales was $200,984 with an average of 269 Days On Market.  The average Price Per Square Foot was $111/psf.  The average Sold Price to List Price was 94%

• Traditional: 63 Total.  The highest priced traditional property sold for $1,430,000.  The lowest traditional property sold for $34,000.  The Average Price for all sold traditional properties was $313,114 with an average of 202 Days On Market.  The average Price Per Square Foot was $160/psf.  The average Sold Price to List Price was 92%

Let's take a look what these numbers are telling us:

• One less Short Sale Sold vs. Foreclosures, which is good, means Short Sales are competing more vs. Foreclosures.
• If you buy a Foreclosure, expect to pay 99% of Asking Price, 94% for Short Sales and 92% of Traditional properties.
• Price Per Square Foot - Traditional Sales are almost Double vs. Foreclosures
• Traditional Sales are out-performing distressed sales (63 to 59)

If you are interested in buying or selling, please feel free to contact me with any questions or concerns you may have.  My team covers all of Lee and Collier counties