According to the Florida Association of Realtors, the median selling prices of both single-family houses and townhouses / condominiums in Southwest Florida surged rapidly over the first eight months of 2022 compared to the same period last year.
For instance, the average selling price of single-family houses in Forty Myers and Cape Coral reached $435,000, which is 23.6% higher than a year ago. The average selling price of townhouses and condominiums was $328,000, i.e. 36.7% higher than a year ago.
In Naples / Immokalee / Marco Island, the average price of single-family houses was $785,000, which evidences a 23.6% growth compared to the previous year. The respective townhouse and condominium prices surged by 41.8%, up to $475,000.
The median price of single-family houses in the existing homes market in the Naples area was significantly higher than in Florida’s other 21 metropolitan areas. The Miami / Fort Lauderdale / West Palm Beach locality was in the second place with $560,000.
In Punta Gorda / Charlotte County, single-family houses cost on average $389,000 – 29.7% higher than last year. Townhouse and condominium prices have grown by 32.6% since last year, up to $283,196.
In Sarasota / North Port / Bradenton, single-family houses were worth an average of $501,000. This is 26.8% higher than a year ago. Townhouse and condominium prices reached an average of $371,000, i.e. 32.5% more than last year.
Such a year-on-year growth in the above counties surpassed the statewide average of 19.4% for single-family houses and 24.0% for townhouses and condominiums.