Sanibel/Captiva heat up in July!
Lee County’s housing market saw an increase in July in closed sales compared to July 2018, according to the latest statistics just released by Florida Realtors®. Year-over-year, sales were up by 8.2% for Single Family and a great 17.2% for Condos & Townhouse! The sales are up a bit compared to June 2019.
July showed Median Sale prices were up slightly at 2.0% for Single Family, and 4.4%for Townhouse and Condos. Inventory is level with year-over year for Single Family at 1.8% in Active Listings, showing a 4.9 Months Supply of Inventory. Active listings were up by 0.4% year-over-year for Townhouses and Condos with a Months Supply of Inventory of 5.3, a drop from May 2019 of 5.8. Both Single Family and Condos are in a balanced market with these numbers. The time properties spent on the market in July, was 73 Days for Single Family Homes and 92 Days for Townhouses and Condos.
Broken down by cities, Single Family in Sanibel/Captive saw a tremendous jump up in sales of 135.7% over last year, with 33 closed sales compared to 14 in July 2018. Bonita Springs saw the next largest increase at 31.7% of Single Family Homes sold with 83 closed sales. Pine Island took the largest decrease at -36% with 16 closed sales compared to 25 in July 2018. All the other cities saw a moderate increase with the exception of Estero and Lehigh Acres, both posting a loss for July.
When looking at Closed Sales by Price Point, the numbers were up for Single Family i n the under $100,000 price range at 100% & 71.4%. The $100,000-$199,999 took a decrease at -37.3% and -3.7% for Single Family. Condos and Townhouse market saw a loss in the under $100,000 with a -71.4% & -6.9%. The $1,000,000 and higher Condo market saw an increase of 66.7% and an increase of 58.9% in the $200,000-$249,999 price range.
Considering Buying or Selling a Home?
If you are looking to buy or sell a home in Cape Coral, Fort Myers or Estero, I encourage you to work with a real estate professional or consultant who has the experience and knowledge to provide an accurate market comparison so you can set the Price Right. Contact us today to learn more about the current market and if selling how your home or condo stacks up against the competition and how we can position your property to sell quickly and for a fair price. Learn more about selling your home
Bottom Line:
If you’re looking for a focused and goal-oriented Realtor® in Southwest Florida who will help you achieve your Real Estate needs, please reach out to me directly. Additionally, if you are looking at buying or selling a home or condo, vacation home/condo, waterfront home/condo or to build your own dream home, call or text me at 239-770-6880 or email me at Jon@southwestfldreamhomes.com
About Jonathan Blaze, PA
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Jonathan Blaze, MVP Realty or Southwest FL Dream Homes Team do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Jonathan Blaze, MVP Realty or Southwest FL Dream Homes Team will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.