Lee County, Florida Home Sales - June 2007

Despite continued good economic growth here in Southwest Florida, existing single family home sales in Lee County were down in June. The area, known as Southwest Florida's Lee Island Coast, includes the cities of Bonita Springs, Cape Coral, Estero, Ft. Myers, Fort Myers Beach and Sanibel & Captiva.

The volume of single family homes slipped 37% from a year ago to 558 sales. Also, the median price dropped to $253,900, down 5% from June 2006. However, the price in Lee County stills fairs better than most other areas within the state, where the median price for all home sales fell to $243,200.

What appears to be happening is the market is beginning to balance - you can't continue to compare the 2005 levels as something that would be a "normal" selling year - so the further we get away from that data the less likely we are to see a continuum of downward spiraling. Numbers are now becoming more realistic and more in-line with normal year to year sales data which is good for buyers. Builders and developers are also offering useful incentives to bring the buyers back into the market and it seems to be working.

The bright spot in Lee's numbers were existing condo sales. They rose 6% from a year ago to 194 sales spurred on by another decrease in their median price to $228,200.

For information on any of these Lee County communities, please contact us at Gulf Coast Associates, Realtors® and we'll be happy to assist you.

• Rate this Post!

  Select Your Rating:

  • 5 Stars (Excellent!)
  • 4 Stars
  • 3 Stars
  • 2 Stars
  • 1 Stars (Poor)

• Share this Post

  Share With A Friend:

  Your Name Your Email

  Friend's Name Friend's Email

  Optional Message

  Send

• Print
• Social Bookmarking

  Add to Bookmarks: