Closed Sales Up Double Digits Again for January!

(Fort Myers, FL –February 21, 2020) – Lee County’s housing market saw a double digit increase in both Single Family and Townhouse and Condos for closed sales compared to January 2019, according to the latest statistics just released by Florida Realtors®. Year-over-year, sales were up by 25.37% for Single Family and a 15.9% change for Townhouse and Condos.

January also showed a Median Sale price increase at 2.1% for Single Family, and 8.2% for Townhouse and Condos. Inventory is down for both. Year-over year, Single Family is at -22.3% in Active Listings, showing a 4.7 Months Supply of Inventory. Townhouses and Condos is at -24.4% in Active Listings, showing a 5.3 Months Supply of Inventory, year-over-year. The time properties spent on the market in January, was 58 Days for Single Family Homes and 64 days for Townhouses and Condos.

Broken down by cities, Single Family in Fort Myers Beach saw the largest increase with a jump up in sales of 260% over last year, with 18 closed sales compared to 5 in January 2019. Sanibel/Captiva also saw a nice increase of 90% for Single Family Homes sold with 19 closed sales. Fort Myers also posted a 40.8% increase in Single Family compared to last year. Bonita Springs is the only city that posted a decrease of -13.6%.

When looking at Closed Sales by Price Point, most price points were up. The $50,000-$149,999 price point is the only range that showed a decrease. The strongest increase came at the $600,000-$999,999 price point with 84.2%.

SOURCE: Royal Palm Coast Realtor Association

Luxury Home Buyers are Back! January Home Sales Set the Stage for Solid 1st Quarter

Naples, Fla. (February 21, 2020) – Despite a tug on inventory that resulted in a 26 percent decrease to 5,761 properties in January 2020 compared to 7,773 properties in January 2019, overall closed sales in Collier …

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