SP/SF is a precurser, an indicator of current conditions that project most likely events.
Be aware, real estate is a local affair. Looking at aggregate numbers will result in misguided actions.
My research has shown SP/SF trends in a community will be high the first two quarters but will moderate as 3rd and 4th quater numbers come in. When you observe the "Market In a Minute' reports on my blog (trula.com/blog/annettelawrence) you may find it benefical to read the commentary for those communites with stabliized and assending SP/SF trend lines (line G).
The accurate reponse to your question would require analysis of the sales in the area.
Be aware, one waterfront sale at $354 SF can bump the numbers in an area with fewer waterfront homes.
Analysis is requred.
Data without interpretation is meaningless.
If you are seriously thinking of buying or selling a home, call a local professional. They know the numbers, there meaning and how into covey such data onto stategy, planning and action.
If you do not know a Fort Meyers professional, I would be happy to introduce you to one.
Best of success,
Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL