By Brett Ellis
SW Florida real estate market sales numbers for July 2014 were just released and as expected median and average home prices dropped from the previous month. They always do this time of year as the higher seasonal sales occur in the first half of the year. This does not mean prices are falling, rather it means the types of properties that sell changes in the 2nd half of the year which affects the numbers.
In fact, median sale price numbers are up 10.4% over last year. 2014 numbers came in at $179,900, up from $163,000 last year. Average sales price numbers rose 3.7% from last year. July 2014 numbers came in at $254,012 versus $244,852 July 2013.
2 Price Ranges Stand Out
We noticed two price ranges that really stood out for sales gains. The $300,000-$399,999 price range saw a 23.5% gain in sales in July over last year. This wasn’t the largest range to gain though. The $600,000-$999,999 price range saw a 48.5% rise in home sales in July, so there is strength in that price range right now. The $250,000-$299,000 was flat, but that is more attributable to the fact there isn’t much …read more
Source:: Top Agent