HOME SALES TAKE SEASONAL JUMP IN LEE COUNTY,FLORIDA

By
Real Estate Agent SL3287291

HOME SALES TAKE SEASONAL JUMP IN LEE COUNTY,FL.

 

House Symbols Meaning Houses For Sale Stock Photo

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.

 

 

 

 

Comments (7)

Richard Weeks
Dallas, TX
REALTOR®, Broker

Great information that you are sharing with the local market.  This is good for both buyer's and seller's.

Apr 21, 2014 10:47 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

John, That is great news and just think the spring is just beginning. I hope you get your share.

Apr 21, 2014 10:59 PM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Richard, the market is nearly balanced and this is good for buyers and sellers.

Debbie, Spring is a time for change and new beginnings and I look forward to helping people find their dream home.

Best wishes to you both.

Apr 22, 2014 12:55 AM
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi John.  It is good to see your area recovering.

Apr 22, 2014 07:55 PM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Thanks Conrad, this area was on of the hardest hit with declining home sales and prices. The recovery for us has been great.

Apr 22, 2014 08:04 PM
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi John, great home sales report keeping buyers and sellers informed and educated. I hope you are reaping some of the rewards.

May 02, 2014 09:38 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Kwee, it should be helpful to the consumer when we provide a market analysis. This helps them make informed Real Estate decisions.

May 02, 2014 09:46 AM