Lee County – Fort Myers, Bonita Springs, Estero, Sanibel/Captiva & Lehigh Acres Market Report Trend Oct 2018
October showed a 14.6% increase in the number of Closed Sales for Single Family Homes, and a -2.0% decrease for Townhouses and Condos, compared to the same time last year. Median Sale prices were also up slightly for both. The number of Active Listings jumped up 17.9% for Single Family Homes and 10.7% for Townhouses and Condos compared to 2017. Properties spent less time on the market in October, with Single Family Homes spending 59 days on the market and Townhouses and Condos spending 75 days on the market.
Broken down by cities, sales in Bonita Springs skyrocketed last month. There were 59 Closed Sales of Single Family Homes, a 43.9% jump from 2017 (41 Closed Sales). Fort Myers saw a jump of 20.4%, going from 211 Closed Sales in 2017 to 254 Closed Sales this year. Sanibel/Captive saw a drop of -28.6 with 10 Closed Sales for this year compared to 14 on 2017.
When looking at Closed Sales by Price Point, the numbers were up for Single Family Homes for all price ranges between $200,000 – $599,999. The $1,000,000-plus range dropped by -13.0%. For Condos and Townhouses, there was a significant drop of -75.0% for properties less than $50,000. The biggest jump was in the $200,000-$249,999 range, which saw an increase of 20.6%.
