The Lee County Quarterly Market Summary:
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%.
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.
C: (239) 810-2980