The available homes for sale in the Estero area saw a drop in the number of homes for sale as of the close of business on April 30. The current number of homes for sale was 471. This represents a drop in the inventory of 57 homes. The decline represents of about 11 percent. In the year over year analysis the current inventory represents a decline of 37 homes or about 7 percent. In addition, the number of home available for sale is at the lowest level since August 2008. In August 2008 there were a total of 456. Below is a graphical presentation of the historical data for active listings by month from January 2008 to April 30, 2009.
Trendline for Estero Homes for Sale - January 2008 to April 2009
The composition of the type of listings available for sale is rather interesting and could represent a major difference between prospective buyers’ perceptions, as well as, what is being reported by others as to how dire the Estero real estate market is. The vast majority of listings fall within the traditional listing category (traditional listings are listings being offered as a normal sale), followed by foreclosures, and potential short sales. The raw numbers for the various categories are 360 for traditional listings, 101 potential short sales and 10 foreclosures.
Composition of Estero Homes for Sale as of April 30, 2009
A question arises – will the closed sales for April reflect the same classification of the listings? The answer to this question will appear on this blog sometime within the next few days.
In previous posts you can compare the composition of both the Naples homes for sale and Bonita Springs homes for sale to Estero homes for sale.
Your thoughts and comments are always welcomed.
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