Estero, FL 33928 – Real Estate for Sale
Historically and culturally, the heart of the city is the spring-fed Estero River, which flows to the Gulf of Mexico. Some of the earliest European settlers of the area (notably the Alvarez, Fernandez, Johnson, and Soto families) were fishing families that lived on Mound Key. This island is a mangrove-ringed island that dominates Estero Bay. During the early 20th century, these families moved upriver to the settlement which came to be known as Estero. The citu is so the location of a utopian community called the Koreshan Unity. This is now preserved as the Koreshan State Historic Site. Until the 1970s, most settlement and development was along the Estero River.
At our High School, students have the opportunity to take Advanced Placement course work and exams. The AP participation rate at Estero High School is 29 percent!
Estero real estate is located along Florida’s Gulf Coast between Fort Myers to the north and Naples to the South. For many years, the city was a fruit community. Today, it plays host to Florida Gulf Coast University and serves as a relaxing slice of paradise. Visitors will enjoy the nearby beaches and intrigued by Estero Florida’s Mound Key Archaeological State Park. Rising more than 30 feet above the water, many miles from shore, ancient shell mounds transform the landscape of Estero Bay. Made of bones, shells and pottery pieces, this is believed to have been the ceremonial center of the Calusa Indians. Access to the site is by boat only, but the journey is well worth it.
Estero Fl real estate has a climate that is hot during summer when temperatures tend to be in the 80’s and 90’s and mild during winter when temperatures tend to be in the 80’s. July is the warmest month of the year with an average maximum temperature of 91.70 degrees, while the coldest month of the year is January with an average minimum temperature of 54.50 degrees.
According to the Bonita Springs-Estero Association of Realtors (BEAR) Media Committee, the month of January 2017 showed over 1,500 homes with price decreases in the entire Southwest Florida real estate market. This includes Bonita Springs and Estero properties.
“Sellers are finally understanding that accurate pricing is critical to get a deal on the table,” states 2017 BEAR President Roger Brunswick, John R. Wood Properties. “They realize that its currently a buyer-driven market and the only properties selling are those that are priced to market.”
In addition to prices dropping, inventory is also rising quicker than homes are going pending in all price points, which also supports driving the market in favor of buyers.
However, there still seems to be a continued pause with buyers despite the current positive economic outlook. There are several variables affecting this trend, such as new home construction and a lingering “wait and see” position, possibly due to the pending changes in the Dodd-Frank Reform and Consumer Protection Act and real estate tax laws. Another factor affecting the pause may be more localized: lifestyle choices are also dictating what buyers are willing to pay in association fees now more than ever before.
“We’re seeing new preferred lifestyle choices that are not necessarily in favor of steep association and membership fees,” stated Joe Pavich Sr., Broker, Realty World J Pavich Real Estate. “Especially if golf is not the preferred lifestyle choice,” he adds.
Overall, the Bonita Springs and Estero markets are still offering buyers many lifestyle choices and amenities, as well as pricing that is moving towards realistic expectations.
“The Southwest Florida lifestyle is still a coveted one,” stated a local realtor. “Buyers are still very much interested in buying in Bonita Springs and Estero because the value is clearly there.”
Enjoy your MLS search.
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