October 2024 Real Estate Market Report Update for Southwest Florida

Hello, Southwest Florida!

It’s October, and I’m back with another Southwest Florida Real Estate Market Report—this time focusing on Gulf Access properties. Whether you’re dreaming of living the waterfront lifestyle or just keeping tabs on the market, there’s plenty of interesting stuff happening locally that you’ll want to know about.

Let’s dive in!

What’s Been Happening in the Market?

Over the past year, 1,001 Gulf Access properties have sold in some of Southwest Florida’s most sought-after areas, like Tarpon Point Marina, South Cape Coral, Northwest Cape Coral, Cape Harbour, and Gulf Harbour Yacht & Country Club.

Here’s the quick scoop:

• Single-Family Homes Sold: 753

• Average Price for a Home: $935,100

• Average Price for a Condo/Townhome: $523,083

Sounds like a lot of numbers, right? Don’t worry—I’m breaking it all down for you so it makes sense.

Spotlight on Local Communities

Tarpon Point Marina

If you’ve ever driven through Tarpon Point Marina, you know it’s gorgeous! Over the last year, 11 properties sold here with a median price of $1,000,000, or $344 per square foot.

If you’re wondering how that stacks up against previous years, I’ve included a detailed breakdown on the Tarpon Point Marina page in my full report. Spoiler alert: it’s great info for both buyers and sellers!

South Cape Coral (Gulf Access Homes)

South Cape Coral continues to attract buyers looking for value and waterfront convenience. Right now, the median price for a Gulf Access home is $680,000, which breaks down to $352 per square foot.

It’s a perfect area for those who want Gulf Access without the premium price tag of some other areas.

Northwest Cape Coral (Gulf Access Homes)

Moving over to Northwest Cape Coral, things are a little pricier—but with good reason. This area boasts more spacious properties and stunning homes. The median price here is $905,950, and the price per square foot is $396.

If you’re looking for more room to stretch out and enjoy life on the water, this could be the spot for you.

Why Does This Matter?

The market is always shifting, and staying informed is key, whether you’re thinking about buying, selling, or just daydreaming about future plans. The numbers tell a story, and I’m here to help you understand what it means for you.

Do you want to know if it’s a good time to list your Gulf Access home? Or maybe you’re curious if you can finally snag that dream property? I’m happy to help you make sense of it all.

Let’s Talk!

That’s the quick rundown for October. If you want to dig deeper into these numbers or chat about anything real estate-related, I’d love to connect. Whether you’re just curious or ready to make a move, I’m here to help.

Feel free to reach out anytime. I look forward to hearing from you!

For personalized insights and assistance in navigating this dynamic market, feel free to reach out to me at (239) 900-7373 or [email protected]​. I value your feedback and welcome any questions or comments you may have. Please don't hesitate to reach out for assistance!

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