Estero and Lehigh Acres Real Estate News
Management Group 1 is a full service real estate firm that specializes in single-family home sales, leasing, rent to own and property sales and management in Estero.

A seller should want to know how many Estero sellers are competing for the prospective buyers looking at Estero condos, as well as how aggressive you need to be with your list price. A buyer should want to know how large a selection of condos are on the market and if you can get a great deal on a condo.

The actual number of Estero condos for sale increased from August to September, with condos for sale decreased by only 2 condos. The total available condos were 307 in August versus 305 at the end of September. However, due to the level of closed sales the months of inventory for Estero condos for sale has remained at a stable level at September’s 15 months from August’s 14 months. Since the beginning of February 2008 with 38 months of inventory, the months have dropped an outstanding 23 months to its present level.

The real estate market for Estero condos still remains a buyers market due to the present 15 months of inventory. A neutral market is generally around 6 months of inventory.

Trends over a short period of time can be misleading due to seasonal fluctuations for new listings, which become available for sale, or closed sales.