We Explore the Current State of the Southwest Florida Real Estate Market

May 23, 2018

According to the statewide organization Florida Realtors, Florida’s housing market reported higher median prices again in the first quarter of 2018 compared to the same quarter last year. The median sales price of single family existing homes rose 9.7 percent. The statewide median price for condos and townhomes rose 7.8 percent over last year. While prices of existing homes continues to increase, so does the rate of new home building, especially here in southwest Florida. New communities continue to spring up, and new commercial development is on the rise. So, we’re bringing back in our panel of real estate experts to get their sense of where the market is currently, and where we’re heading going into the summer months.

 We're joined by David Cobb, Regional Director for South Florida with Metrostudy; Brad Dohack, the Qualifying Broker of Gulf Pointe Properties in Fort Myers; and Denny Grimes from Denny Grimes and Company.