Condos See Biggest Changes in July

(Fort Myers, FL – August 24, 2017) – The housing market in Lee County was still active in July, but Condos saw more of that action that Single Family Homes compared to the same month last year.

While there were only 3 more Closed Sales for Single Family Homes in July, there were 49 more Condo sales than in July 2016 – an increase of more than 11% year-over-year. The increase in the number of active listings was higher for Condos as well – jumping 7.3%, compared to an increase of just 1.4% for Single Family Homes.

The biggest jump in all of the Condo statistics was the number of million-dollar-plus properties sold last month. There were 6 closed sales in July, marking a 200% increase from last year.

The Months Supply of Inventory remained the same in July at 4.6 months. Median Sale prices were slightly higher for both Single Family (2.5% increase) and Condos (1.4%).

Single Family Homes spent a lot more time on the market last month (70 days) compared to last year (59 days). That is an increase of 18.6%.

Pine Island had the biggest drop in the number of closed sales year-over-year (36.4%). Fort Myers Beach had the biggest jump at just over 18%.

Source: Royal Palm Coast Realtor Association

July Home Sales Hit the Sweet Spot

Naples, Fla. (August 25, 2017) – REALTORS® in Naples sold more existing homes in July (682) than they did in January (603) or February (613), a statistical reality that busts an old myth that home sales stall in the summer. In fact, overall closed sales in the markets sweet spot (homes priced between $300,000 and $500,000) increased 32 percent in July. Broker analysts reviewing the July 2017 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which track home listings and sales …

Click to see the full report