What You Need to Know About Buying Estero Real Estate

What You Need to Know About Buying Estero Real Estate

  • The Guillette Group
  • 11/15/22

Estero is located on Florida's western coast, boarding the Gulf of Mexico. With Fort Myers to the north and Bonita Springs and Naples to the south, this area features a charming setting for young adults, families, and retirees that make up the residents. Initially a small village founded in 1894 and then a well-known citrus community, this area has seen continual growth and prosperity.

With so many things to see and experience in the area, it's no wonder many want to call Estero home. This charming community is home to Florida Gulf Coast University, Coconut Point Mall, Miromar Outlets, Koreshan State Park, and Estero Community Park, to name a few. You'll find plenty of breathtaking beaches with white sands and clear waters, parks and nature preserves, outdoor entertainment offerings, water sports and activities, golf courses, and historical sites to appreciate. Residents enjoy many art and cultural offerings, exceptional shopping and dining, excellent schools, and more.

This vibrant community features stunning neighborhoods, many that are gated, with incredible homes, access to beautiful white-sand beaches, parks, and friendly neighbors.

We at The Guillette Group are committed to helping you find a home that fits your lifestyle and desires. Whether you're interested in an estate-style home that overlooks the golf course, or a luxurious lakefront condominium, we can help. To help you find that perfect home, here is some information on what you need to know about buying Estero real estate.

Market and demographic insights

Before buying a home, it's essential to know the real estate market in the area. Estero is currently in a seller's market and has been for quite some time. What is a seller's market? Simply put, this type of market is when the demand for homes exceeds the supply of homes. While the housing inventory has increased recently in Estero, nearly 68% from last year, there is still a much greater demand than supply. This demand is due to its location, as many people across the nation seek to live in Estero’s beautiful, sunny retreat. The good news for sellers is that homes are no longer selling for record prices like they were during the pandemic, but they are still flying off the market at a relatively decent rate. The best way to buy a home is to work with an experienced agent who can help you negotiate the best price on the home you love.

Although Estero is a seller's market, it doesn't mean buyers are out of luck or need to worry. In fact, with a bit of strategy and help from one of our agents, you'll easily be able to navigate the market and come out on top. The key to buying in a seller’s market is to ensure that you present as a qualified buyer who is ready to move. This way, sellers know you're serious and you have the means to back up your bid. The median sales price is upwards of $580,000, which is up from this time last year. This number will swing slightly depending on the size of the home you wish to purchase and whether you're choosing an Estero luxury home.

Though relatively small, hovering around 35,000 residents, this growing community packs a big economic punch. The median annual income in the area exceeds $85,000, and with an economy that employs nearly one-third of its residents across various markets, it's easy to see why it gets a good wrap. Additionally, more than 85% of residents own their homes versus renting. Proximity to major cities like Fort Myers and Naples means plenty of additional job opportunities within a short commute.

What Estero offers, and what's close by

This charming town offers gorgeous homes in quiet neighborhoods, friendly people, and plenty of fun and entertainment opportunities. It is an excellent place to purchase real estate and put down roots. Aside from various gated communities full of luxury homes, the area also has many townhomes and condominiums, many with water views. There's a bit of something for everyone's style here, and the small-town feeling offers an escape from the buzz of the major cities nearby.

Within Estero, many historic sites give you a deep dive into the area's history, which used to be a religious colony. Koreshan State Park, for example, preserves the site of the Koreshan Unity religious colony and operates as a Florida State Park. It's filled with native wildlife in a beautiful flatwood ecosystem, ranging from bobcats to American alligators. There are also locations where you can fish, boat, hike, and camp overnight.

Mound Key Archaeological State Park is a treasure in the area that sits on an island in the middle of Estero Bay. This site is a historical, archaeological complex that protects early Spanish mounds and artifacts. It's believed to have been a ceremonial center for the Calusa Indians. Search the island and find areas with shell mounds made of bones, pottery, and shells, believed to be the locations of the ceremonial grounds. Accessible by boat only, you can take the journey across the water to explore the interactive trails, fish, and boat, search for wildlife and birds, or enjoy the natural beauty.

There are also plenty of high-end shopping centers, like Miromar Outlets, sporting arenas, gourmet restaurants, family-friendly entertainment, and more. Nearby, you have Fort Myers, a larger city with signature white, sandy beaches, plenty of fine-dining options, and high-end entertainment. They also have a rich history that can be experienced in various ways, and because it's a short distance, it makes for a great day trip!

Also nearby is Naples, another wonderful city well-known for its high-quality lifestyle and entertainment. Whether you're stopping by for high-class shopping or looking for incredible arts and culture, Naples is a great option, and it's close!

Now that you've learned more about the area and the real estate market, let's talk homes. Contact us at The Guillette Group when you're ready to look at Estero homes for sale or want to dive into the luxury market. We are happy to help!



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