Lee County single home Quaterly Market Summary Q1 2014

The Lee County Quarterly Market Summary: 

Lee County Real Estate

Lee County Real Estate

 

Point of interest: inventory is shrinking but not by that much ( 100 sales) and we have still about 6.3 months worth of supply. It takes 7 days less to sale a home then during last year’s quarter. 49 in 2014 vs. 56 in 2013. Medium sale price up more then 17% at $157K vs. $185k in 2014 Q1. Average price sold up 9.7%.

SW Cape Coral 2

SW Cape Coral 2

SW Cape Coral

SW Cape Coral

what does all this tell you? the Real Estate Market in Southwest Florida is healthy and demand and appreciation strong but not over the top. There are still 100’s of homes under $200k and $150K in popular areas, luxury homes over $350K are selling faster. Independent studies show that lee County and Collier counties will see healthy appreciation for the next 3 years or more. No data at this point beyond that.

in a nutshell South West Florida home appreciation,

and Lee county Real Estate market  is one of the strongest in the country. caution: use a local Realtor so not to fall in the traps of purchasing an overpriced home, or a home that has been so called remodeled as in fact the property was just repainted and fixed with very average materials at best.

LLoyd Nichols

LLoyd Nichols

 

 

 

 

 

Premier Florida Realty of SWFL

homesbythesea@gmail.com

C: (239) 810-2980

Skype: lloyd.Nichols

LLoyd’s Blog:Southwest Florida Home Nook

Search MLS in SWFL

search homes in Cape Coral Sanibel Fort Myers Bonita Springs Naples

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s