Nov. 2018 – Lee County – Fort Myers, Bonita Springs, Estero, Sanibel/Captiva & Lehigh Acres Market Report Trend
Lee County’s housing market saw a lot of positive change during the month of November, according to the latest statistics just released by Florida Realtors®. Year-over-year, sales were up for Single Family Homes and for Townhouses and Condos.
November showed a 12.2% increase in the number of Closed Sales for Single Family Homes, and a 7.6% increase 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 17.4% for Single Family Homes and 11.6% for Townhouses and Condos compared to 2017. The time properties spent on the market in November, was 67 Days for Single Family Homes and 71 Days for Townhouses and Condos .
Broken down by cities, sales in Bonita Springs skyrocketed once again in November.
There were 87 Closed Sales of Single Family Homes, a 29.9% jump from 2017 (67 Closed Sales). Fort Myers saw a jump of 22.8%, going from 202 Closed Sales in 2017 to 248 Closed Sales this year.
Sanibel/Captive saw an increase of 33.36 with 12 Closed Sales for this year compared to 19 in 2017.
When looking at Closed Sales by Price Point, the numbers were up for Single Family Homes for all price ranges in between $300,000 – $999,999 by double digits. The $150,000 and less range dropped significantly in November .For Condos and Townhouses, there was a significant drop of -93.8.0% for properties less than $50,000. The $600,000-$999,999 range of Condos and Townhouses saw an increase of 114.3%.
