Lee County Fl Market Update

By
Real Estate Agent SL3287291

In May 2016, Lee County had more properties coming into the market.

We see that Active Listings of Single Family homes were up 14% compared to May 2015.

As for Townhomes and Condos they show a much larger increase of units coming onto the market. They had a 36% increase over May 2015.

This means that Inventory increased 14% from May 2015. Inventory in May stood at 4.9 months.

Another interesting sign is that the Sale Price as a percent of

Listing Price stayed at 95.1%. 

 

Median Sales Price was Up 4.7% at $225,000

 

There were 4 Price Points that showed a positive increase in Sales:

$150,000-$199,999 up 34.5%

$200,000-$249,999 up 36.2%

$$250,000-$299,999 up 19.3%

$300,000-$399,999 up 31.9%

 

With Inventory up and Sales Price up we still saw the Closed Sales down by 0.1%

The Consumer should understand that we are seeing a more Moderate increase in prices.

The Consumer would do well to take a look at Lee County for a Permanent Home, Vacation Home or for an Investment.

Knowing what is going on in the market is important to make great real estate decisions.

When looking for your home in Southwest Florida, make sure you talk to a knowledgeable agent that keeps up with the market conditions. 

For more information contact me.

My goal is to Move You to a Better Place

Comments (5)

Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi John, we're seeing an increase in inventory in Lake County FL as well. Homes that are priced right and show well go under contract quickly. Great market update for Lee County.

Jun 23, 2016 07:54 AM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Beth Atalay I think the increased inventory is pretty standard right now in Florida. Days on market are down, so when priced right they go quickly.

Thanks for you comments.

Jun 23, 2016 07:58 AM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning John. Lots of positive numbers, hope this trend continues. Nicely done report!

Jun 23, 2016 07:36 PM
John Wiley
Fort Myers, FL
Lee County, FL, ECO Broker, GRI, SRES,GREEN,PSA

Joe Petrowsky Thanks for the comments. I wonder how the trend is in your area.

Jun 23, 2016 09:15 PM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi John - I can see that the numbers are continuing to show growth in Florida.  Lee County is a great area.

Aug 11, 2016 02:44 AM