Be sure read the previous post for some background.
Not having as much time to analyze and plot month-by-month...I had a quick look at single family home sales in Bonita Springs and Estero. All the trends seem to be the same.
- The average selling price in July of 2006 was just over $550,000
- The lowest average was in September of 2006 at just over $500,000 and it is all upward for the rest of the 12 month period
- In June of 2007 the average selling price was approximately $700,000.
- A trend line on the data indicates a 28% increase in selling prices.
As for volume, the 12 month period averages 40 units per month with the trend line over the period beginning with 25 units and ending with 55 units.
Bob Pisa
www.BobPisa.com
