Gateway Real Estate News – Gateway sees Increase in 2016 Average Sales Price for Residential Real Estate.

 

The 2016 Gateway Residential Real Estate market saw an increase in the average sales price across the board.

 

The average sales price for a Single-family residence in Gateway for 2016 was $305,897.00, which is almost a 5% increase in sales price versus the 2015 average Single-family sales price of $291,820.00. However, the total number of Single-family residences sold decreased this past year, with 266 Single-Family homes sold in 2016. Comparing that to 295 Single-family homes sold in 2015 is almost a 10% decrease in the number of Single-family homes sold.

 

Multi-Family Residences (example – Condos, Townhomes, Carriage Homes, etc.) saw an increase in both number of sales and average sales price with 93 multi-family homes sold and an average sales price of $155,856.00. 2015 sales for multi-family residences equaled 87 units sold and an average sales price of $136,148.00. That amounted to an almost 7% increase in number of units sold and 14.5% increase in average sales price for a multi-family home.

 

The total number of residential real estate sales in Gateway for 2016 was 359 residential units sold, that is down from last year’s record high of 382 residential units sold. But overall 2016’s total residential sales of 359 homes sold is above the average of 327 homes sold annually since 2008.

 

Following that upward trend Heather Maciaszek, the Gateway Real Estate Expert who is a top producer in Gateway the last three years, and The Maciaszek Real Estate team have seen the upsurge in both their total number of homes sold and a rise in their average sales price annually.

 

The increase in new construction and commercial developments within the Gateway area make this a very attractive location for new residents.

 

All this information is good news for local Gateway residents looking to explore the possibility of selling their home and residents hoping the market continues to rebound from the lows of the recession.

 

For more information contact the Gateway Real Estate Expert at:

Heather Maciaszek
Realtor
239-851-7653
heather@maciaszek.com
The Maciaszek Real Estate Team
Keller Williams Realty Fort Myers & the Islands

 

Data source: Florida Gulf Coast MLS ‐ Data available as of January 9th, 2017