2015 Year End Market Report for Lee County

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

According to a year-end market report from the Florida Realtors®, the housing market in the state of Florida as a whole was better than 2014 with more closed sales, more new listings and higher median prices.

 

In Lee County, the number of closed sales for Single Family Homes was up 9.7% to 13,635, compared to 12,427 in 2014. For Condos and Townhomes, sales were up 2.3%.

The Median Sale Price shot up nearly 13% to $213,150 for Single Family Homes.

For Condos and Townhomes, the price rose 7.3% to $179,000

The Statewide Median Price for Single Family Homes was $196,000 up 10.1% from 2014. The Statewide Median Price for Condos and Townhomes was $150,000 up 7.1% from 2014.

Homes did not stay on the market as long in 2015 with a Median Days on Market of just 35. In 2014 the number was 43.

The Months Supply of Inventory dropped 13.5% from 2014 to 2015 to a 4.5 months supply. The previous year the supply was 5.2.

Chief Economist for Florida Realtors®, Dr. Brad O'Connor, says the outlook for 2016 is extremely positive. "We expect home prices...to continue to rise at an elevated pace in 2016, as much of the state is in the midst of an inventory shortage that is likely to persist throughout the year."

With this outlook I would say now is a great time to Sell and a good time to Buy.

I am prepared to provide the Consumer with the information to help them make the best decision to reach their goals.

 

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Topic:
Real Estate Market Trends
Tags:
florida real estate
lee county real estate
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Rainmaker
3,251,000
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

John

Lee County Florida strong real estate market in 2015 created positive forward momentum for 2016.

Good luck and success.

Lou Ludwig

Feb 12, 2016 12:11 PM #1
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Lou Ludwig your are correct and we are already seeing results.

Thanks for your comment.

Feb 12, 2016 10:31 PM #2
Rainmaker
2,326,051
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Those are some pretty nice numbers. Hope that trend continues in the right direction. Very well done report.

Feb 15, 2016 02:33 AM #3
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Joe Petrowsky I think for most of the country we would like to see the trend go upward but not in a spike.

Thanks for commenting.

Feb 15, 2016 02:35 AM #4
Ambassador
4,202,950
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

John

You are off to a great start in 2016 with the information you are providing consumers. Looks like 2015 was a bit improvement over 2014, and hopefully that trend will continue this year.

Jeff

Feb 15, 2016 11:06 AM #5
Rainmaker
401,623
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Jeff Dowler CRS we want to see a steady, reasonable rate of increase. 

Thanks for commenting.

Feb 15, 2016 08:58 PM #6
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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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