Hello, I've written dozens of real estate articles in the past for Zillow, Century 21 and others. I'm supplying an article that I wrote in the past, but never got around to publishing.
Abnormally cozy weather conditions throughout the month and also the possibility of greater interest rates aided sales, based on Lawrence Yun, NAR principal financial expert. Statewide, single-family residences cost $206,500 in December, an 11 percent boost from a year previously. Rental properties took a spike as well as apartments sold for $156,500, a 5 percent increase.
Costs for residences in the under-$300,000 variety were up 12 percent in 2015 over 2014, to $200,000 from $179,000. Simultaneously, those in the over $2 million range increased 9 percent, to $3.21 million from $2.95 million.
Residences are not remaining on the marketplace for long.
Single-family houses in the $200,000 to $299,999 range and condominiums in the $600,000 to $999,999 range had considerable year-over-year increases in December. For 2015, total pending sales was up to 10,366 from 10,494 in 2014, a 1 percent decrease, while shut sales went down 2 percent, to 9,751 from 9,902.
Reduced stock in the most affordable cost factors are increasing costs, according to Laura Shay, a spokesperson for the RAGFMB. In Lee County, residence costs climbed up year-over-year in December, according to a credit record launched Friday by the Realtor Association of Greater Fort Myers as well as the Beach.