It is so important to keep up to date on the Real Estate Market. Here is a look at the Lee County Florida Real Estate Market.
In December we saw a drop in home sales in Lee County.
Single Family homes Closed in December 2015 was down 2.8% from December 2014.
In the same time period the Median Sale Price rose from $190,000 to $231,000 an increase of 21.6%.
The Months Supply of Inventory dropped 13.5% to 4.5 months.
The Median Days On Market decreased by 11.8%, now 30 days.
When we look at Closed Sales by Price Point for November 2015 we get a better understanding of what fueled the above data.
Less than $50,000 -60.7%
These figures have such a sharp decline because there was heavy buying in these Price Points and now there are few properties available to purchase.
The result is that Buyers have had to move up in Price Point so we see:
$200,000-$249,999 + 41.7%
$250,000-$299,999 + 24.0%
Now we can better understand how the Median Sale Price rose from $190,000 in 2014 to $231,000 in 2015.
If we look at the Condo Market, we see that 20 sold in the $600,000-$999,999 price range which was an increase of
+81.8% year over year.
With the constant changes it is so important to constantly Take A Look AT The Real Estate Market In Lee County Florida.