Lee County Florida Real Estate Market Report

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

What Does The Real Estate Market Look Like In

Lee County Florida?

When we compare current activity to 1 year ago we see this:

 

Closed Sales of Single Family Homes dropped 6.7% 

If we look at this drop in sales closer we will find:

          Single Family Homes under $50,000 dropped 52.2% 

          Single Family Homes $50,000-99,000 dropped 35.8% 

          Single Family Homes $100,000-149,999 dropped 27.7% 

The reason these 3 price points dropped so sharply is that so many Buyers and Investors were purchasing properties in this price range that the inventory decreased dramatically and homes were not available to buy.

The Median Sales Price y/y went up from $195,500 to $227,000 which is an increase of 16.1% 

Lee County Real Estate is moving up but the Inventory is low.

Inventory is now at 4.4 months supply of homes.

This is a Seller's Market and we are now in Season with all the Snowbirds in town. 

Now is a good time to Sell a house in Lee County.

It is also a good time to Buy as prices continue to rise, so waiting could be a costly decision.

And that is the Lee County Real Estate Market Report.

The numbers reported represent sales by all members of Florida Realtors®MLS Advantage for Lee County,FL.Statistics released each month may be revised in the future as new data is released.

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Ambassador
4,209,355
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

John Wiley 

You've shared some valuable insights into your local Lee County FL market. It's clear you have a great handle on the market which is why buyers and sellers thinking about buying and selling need to be in touch with you. good work!

Jeff

Jan 06, 2016 11:53 AM #1
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Thanks Jeff Dowler. I think an agent should know their market in order to provide the best information to the consumer.

I appreciate your comments.

Jan 06, 2016 06:48 PM #2
Rainmaker
2,327,844
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning John. Dropping inventory is happen in many parts of the country, but not so much in the Northeast. Great job with your report.

Let's make 2016 the best year ever!

Jan 06, 2016 10:15 PM #3
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Thanks Joe for your comments. People from the Northeast move to Florida and thing the market is the same, but as you point out there are differences.

Jan 07, 2016 06:03 AM #4
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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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