Lee County Florida Real Estate Market Report

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

A look at the March 2016 Real Estate Report for Lee County Florida will show that Closed Sales dropped from March of 2015. At the same time, Closed sales were up compared to January and February of this year.

 

In March there were 1,115 Closed Single Family Home Sales. That represents a 13% drop from March 2016, when we saw 1,284 Closed Sales.

We should note that Condos and Townhouses had a much larger drop in Closed Sales with an 18% drop.

Other indicators of importance are:

 

Median Sales Price  of Single Family was $225,000-up 4.2%

Active Listings were up 8.4%

Monthly Supply of Inventory was up 5.9% at 5.4 months

Median Days to Contract was down 13.4% at 58 days.

Median Pct of Original Price Listed went up 0.8% to 95.5%

 

Closed Sales by Price Point:

Less than $50,000 was down 66.7%

$50,000-$99,999 was down 37.0%

$100,000-$149,999 was down 30.4%

$150,000-$199,999 was up 11.1%

All price points above $200,000 were down. 

 

Active Listings for Single Family was up 8% in March.

Active Listings for Condos and Townhouses were up 29%

 

In Lee County, history tells us that the Second Quarter of the year has the greatest number of Closed Sales.

 

At this point the market still favors the Seller, but if the current trend continues we will see a more balanced market.

 

If you are looking for property in Southwest Florida for a permanent home, vacation home or investment property, now is a good time to get serious in your search.

To find a property that fits your need you can search like an agent HERE:

Find Your Dream Property Here 

 

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Rainmaker
3,332,846
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Balance is a good thing...can't wait for that to happen in Wisconsin !

Apr 28, 2016 08:09 PM #1
Rainmaker
2,386,124
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning John. Some mixed numbers, but like the market compared to what we have locally in my area. Good job with your report.

Apr 28, 2016 08:12 PM #2
Rainmaker
401,635
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Sally K. & David L. Hanson I agree that we like to see things come into balance.

I hope you see improvement soon in your market.

Apr 28, 2016 08:16 PM #3
Rainmaker
401,635
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Joe Petrowsky Lee County, especially Cape Coral, was at the top of the list of hardest hit when the market went down. It is therefore, one of the first to see a comeback.

Hope you see some improvement in your market.

Apr 28, 2016 08:19 PM #4
Rainmaker
3,279,324
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

We saw a great increase this spring over winter which is common, things have slowed now with less homes for sale resulting in less sales. Have a good night John Wiley 

May 26, 2016 11:28 AM #5
Rainmaker
2,221,544
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

Nice job on the market report for Lee County John!

Jun 13, 2016 10:14 PM #6
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Rainmaker
401,635

John Wiley

Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA
I Can Find Your Dream Home-Contact Me Now!!
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