LOOKING GOOD- CONDO MARKET REPORT FOR LEE COUNTY FLORIDA

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.