LOOKING GOOD- CONDO MARKET REPORT FOR LEE COUNTY FLORIDA

By
Real Estate Agent SL3287291
https://activerain.com/droplet/4gF6

LOOKING GOOD-CONDO MARKET REPORT FOR LEE COUNTY FLORIDA

 

After going over the data for March in Lee County Florida, it is clear that Condo sales and prices are going up.

Closed Sales:

March, 2013          663

March, 2014          702

      5.9% increase 

Median Sale Price:

March, 2013          $140,000

March, 2014          $ 162,000

     15.7% increase

Active Listings:

March, 2013           3,981

March, 2014           3,192

     19.8% decrease

New Pending Sales:

March, 2013             904

March, 2014             998

      10.4% increase

City                    Condo'13         Condo'14     % Change

Fort Myers                 285                 263            -7.7 

Fort Myers Beach         26                   34           +30.8

North Fort Myers          15                   28           +86.7

Lehigh Acres                6                      7           +16.7

Cape Coral                  63                   73           +15.8

Pine Island                   2                     1            -50.0

Bonita Springs            90                  123           +36.7

Estero                        53                   40           -24.5

Closed Sales By Price:

This is not all price points, I am just highlighting some.

$150,000-$199,999            142           +15.4%

$200,000-$249,999            81             +22.7%

$250,000-$299,999            54             +92.9%

$300,000-$399,999            51             +59.4%

$1,000,000 or more            12             +300.0%

Condo sale prices are outpacing Single Family homes in price points. Southwest Florida attracts a lot of people who love Condo living and many of these Condos are on the water, thus providing easy access to water and wonderful views.

When you look at the $1,000,000 or more price point you see that the median days on market was 68 compared to 71 for Single Family homes. This is a pretty quick sale for the price point.

Many people buy a Condo as a Vacation home or Second home. 

Now is a good time to take advantage of the Snowbirds have gone back North. You could find a great Condo that would give you a great place to relax, enjoy the Sun, Water and the Beach.

I will be glad to arrange to show you your Dream Condo.

To find your Dream Condo go to: Find MY CONDO

 

LOOKING GOOD-CONDO MARKET REPORT FOR LEE COUNTY FLORIDA.

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Rainmaker
2,134,223
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

John - it is good to see a rebound.  The snowbirds are on their way in greater numbers.

May 13, 2014 10:27 PM #1
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Grant, thanks for commenting. We all get encouraged when we see trends going up in a positive way.

Thanks

May 13, 2014 10:41 PM #2
Rainmaker
954,101
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi John, great market report keeping buyers and sellers informed.

May 14, 2014 01:57 PM #3
Ambassador
3,985,028
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

John, Yes the market is changing but good buys are still out there. I know you can find them for your buyers and sellers.

May 14, 2014 07:46 PM #4
Rainmaker
2,326,156
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning John. Lots of positive things are going on in your market. Great job with your report.

May 14, 2014 09:03 PM #5
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Kwee, you well know the value in providing market info to the consumer.

May 15, 2014 07:43 AM #6
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Debbie, we are always looking to find what the consumer wants, it is a constantly changing market, so we have to keep up.

I learn so much from reading your market reports.

May 15, 2014 07:45 AM #7
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Joe, it is always encouraging to see positive action in our market. I like what I see in the Condo market.

May 15, 2014 07:46 AM #8
Rainmaker
3,251,006
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

John

The condo market is Lee County Florida is looking good.

Good luck and success.

Lou Ludwig

May 23, 2014 10:46 AM #9
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Lou, thanks for commenting. Yes, condos in Lee County are a sought after property

May 23, 2014 10:51 AM #10
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Rainmaker
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John Wiley

Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA
I Can Find Your Dream Home-Contact Me Now!!
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