Gulf Shore Blvd North Market Perspective:
During 2024, 177 condo sales were posted along Gulf Shore Boulevard North, up 8.6% from the prior year but still trailing longer term trends as the pace of sales in this market begins to show signs of recovery after having been hampered by the effects of Hurricane Ian in 2022. As of December 31, Months of supply for units on the bay side was 10.13 months, within the range of balance for this market but edging closer to buyers’ market territory. Beach side units posted 16.04 months of supply, now denoting buyers’ market conditions. This shift can be partly attributed to an unusual spike in new listings in December when 43 units were listed, up 65% from the prior year.
With an increased number of options for buyers in this market, sellers should price units carefully, generally in line with recent like-kind closed sales and competitively with other available units in order to garner showings and especially offers. Regardless of market conditions, an informed pricing strategy combined with a comprehensive marketing plan like that offered by agents with John R. Wood Christie’s International Real Estate will position sellers for success.
We are pleased to announce that, for 2024, John R. Wood Christie’s International Real Estate, once again, was the top brokerage in total sales volume, listings sold, and transactions in Southwest Florida!*
*Broker ranking according to SWFLA MLS for residential improved property excluding manufactured housing in Lee and Collier Counties.
Click on either of the links below to view the Q4 2024 Market Report.
Q4 2024 Gulf Shore Blvd North Market Report – flipbook
Q4 2024 Gulf Shore Blvd North Market Report - for print
