Lee County Real Estate Overview

August 2019 Lee County Real Estate Overview

The latest Lee County Real Estate Overview for Estero, Bonita Springs and Fort Myers shows sales decreased for both single-family homes and condos in August. Additionally, inventory decreased during the same time period. Also, new listings fell both for condos and single-family homes. This is typical of the summer months. Many homeowners will wait to list their home in the fall or in January which is the beginning of season.

There was a significant increase in the median days for a property to go to contract compared to the same time last year for single-family homes. The number of days jumped from 68 to 82 which was just over a 20 percent increase. On the other hand, condos remained steady at 88 days. Either way, if you are selling your home, you should anticipate it could be 3 months before you go to contract. Make sure you have your home priced right or it could be even longer!

Finally, the overall supply of homes for sale remains tight with less than 5 months worth of inventory. Since a healthy supply of inventory is typically 6-7 months. Since Lee County has less than 5 months worth of supply, which makes it a seller’s market. So if you are considering selling, now is a good time to put your home on the market. If you are a buyer, you will probably find sellers are less willing to negotiate.

August Lee County Real Estate Overview – Single Family Homes

August Real Estates Highlights for Single Family Homes

Closed sales decreased 2.7 percent from 1,237 down to 1,203 homes sold
Inventory decreased 3.9 percent down to 5,100 compared to August of last year when 5,307 homes were for sale
Median days to sale decreased to 121 days which represented a 9 percent increase versus last year
Median sales price increased from $251,000 up to $255,000 or a 1.6 percent increase
Total months’ supply of inventory fell 6.1 percent down to 4.6 months supply of inventory

August Lee County Real Estate Overview – Condos

August Real Estate Sales Highlights for Condos

Closed sales decreased 12.1 percent up from 561 down to 493 condos sold
Inventory decreased 5.3 percent down to 2,684 compared to August of last year when 2,834 condos were for sale
Median days to contract remained the same as last year during the same time
Median sales price decreased from $188,000 down to $180,000 or a 4.3 percent decline
Total months’ supply of inventory fell from 5.1 down to 4.9 months supply of condos currently for sale

More Information About Lee County July Home Sales

Lee County Single Family Home Sales for August 2019

Lee County Condo Home Sales for August 2019

Bonita Springs and Estero August Real Estate Report

Lee County Real Estate Transactions Week of August 31st 2019

Begin Your Naples Property Search

So, if you’re ready to begin your search for your southwest Florida Luxury home or condo, we encourage you to explore our website to find information about communities in the area. If golf is your game, we specialize in golf community real estate and would be happy to help you navigate the more than 150 different golf communities in our area. If you prefer a more direct approach, we will provide a list of properties that meet your criteria and/or communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!

Considering Selling Your Home?

If you are looking to sell a home in Bonita Springs, Estero, Naples or Fort Myers we recommend you work with a real estate professional or consultant who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. If you live in a golf community in southwest Florida, you are competing with more than 150 other golf communities. Contact us today to learn 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.

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 us directly. Additionally, if you are looking for a golf community expert or you are considering buying or selling a home, luxury home, vacation home, golf home or dream home, call or text us at 239-370-0892 or email Matt@NaplesGolfGuy.com

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