HOME SALES TAKE SEASONAL JUMP IN LEE COUNTY,FL.
Single family home sales jumped 37.1% more homes closed in March than in February, 2014.
A total of 1,068 sold compared to 779 that closed in February.
Median sale price for Single family homes was $185,000 compared to $170,000 one year ago. That is an increase of 8.8% compared to March of last year.
Each single family home property type saw a median price increase in March. Traditional properties experienced a 12.6% jump, while the median price of short sales increased 5.9% and foreclosures increased 7.7%.
Active listings in March were:
Single family=6210, that represents a change of 1.7%
Condos=3981, that is a change of -19.8%
Lee County has 6.3 months supply of inventory in single family homes.
Single family homes spent a median 48 days on Market.
The average home sold for 93.0% of its listing price.
Compared to March a year ago when homes spent 54 days on market and sold for 93.6% of listing price.
When we compare sales by city we find:
Cape Coral closed 351 sales
Fort Myers closed 301 sales
Lehigh Acres closed 178 sales
The price point with greatest increase in sales was:
$300,000-399,999 with 121 sales an increase of +23.5%
$600,000-999,999 with 44 sales an increase of +12.8%
Pending sales are currently at 1,545
Current inventory combined with the current pace of sales created a 6.3 month supply of homes in Lee County in March.
Buyer demand has resulted in strong sales, higher prices and tight supplies. Seasonal visitors created strong competition through March.
Home Sales Take a Seasonal Jump in Lee County, FL.
Statistics released by Realtor Association of Greater Fort Myers and the Beach. These statistics may be revised in the future as new data is released.