A Look At The Lee County Florida Real Estate Market

By
Real Estate Agent SL3287291

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%

$50,000-$99,999      -47.4%

$100,000-$149,999  -34.3%

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:

$150,000-$199,999   +1.0%

$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.

 

 

Comments (12)

Michael Thacker - Re/Max Real Estate Center - Louisville
Re/Max Real Estate Center - The Thacker Group - Louisville, KY
Your best friend who just happens to be a Realtor

Great article and the info you shared was to the point. Very easy reading, to find out how the market is doing there. 

All the best for 2016!

Michael

Michael Thacker - Louisville Realtor

Jan 25, 2016 09:55 PM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Michael Thacker - Louisville Realtor I appreciate your comments. Glad that you found it easy to read. I try not to be confusing.

Jan 25, 2016 10:11 PM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

That is some change, here too listings and total sales down, our price are up but not by that much. That is a good news for home owners John Wiley 

Jan 26, 2016 07:52 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Scott Godzyk Sellers should find this market very favorable. I think it would be a good time to sell.

Thanks for your comments.

Jan 26, 2016 10:49 AM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi John Wiley ,  I like your style.  Easy to read and understand market report for Lee County, FL

Jan 28, 2016 11:38 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Thanks for commenting Larry Johnston If it is not easy to read it won't be read. If it is not understandable it offers nothing of value.

Thanks for your affirmation.

Jan 28, 2016 11:59 AM
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Thanks for the comments today John Wiley , i was happy to have a touch of warmth today at 58 degrees, not bad for NH on Feb 1. 

Feb 01, 2016 08:43 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Scott Godzyk 58 degrees in NH at this time of year is something to celebrate.

I always get something good from your blogs. Thanks for stopping by.

Feb 01, 2016 08:45 AM
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

John

Thanks for sharing your insight on the Lee County Florida real estate market.

Good luck and success.

Lou Ludwig

Feb 03, 2016 01:19 PM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Lou Ludwig I appreciate your comments.

Have a Great Day

Feb 03, 2016 10:19 PM