Saturday, November 14, 2015 / by Michael Donovan
Recent analyses by the Florida Association of Realtors (FAR) and the Naples Area Board of Realtors (NABOR) have shown that Lee County & Collier County have experienced double-digit increases in prices over the past twelve months, from September 2014-September 2015.
Both Collier and Lee Counties beat the Florida statewide single-family price increase of 11.1%, according to a report released by the Florida Association of Realtors (FAR).
For example, according to the Florida Association of Realtors (FAR) "...Collier County's single-family median home prices reached $405,500 in September, up 15.9% from $350,000 a year earlier..." And, "...In Lee County, median single-family sale prices rose at an even faster pace, to 20.9%, to $211,578 from $175,000..."
"...Condo prices in Collier County hit $239,000, a 6.6% increase from $225,000 a year ago. In Lee, Condo prices were up 10.9%, to $188,000 from $170,500..."
Earlier in 2015, the Cape Coral-Fort Myers M.S.A. lead the U.S. in cash-purchases for real estate, with 73.6% of all sales, according to the statistics released by RealtyTrac.
As we shared a few weeks ago, 2015 has been the busiest year for real estate since 2004-05. If current trends continue, we can only imagine what will happen during the upcoming "high season" for tourism from January-April 2016.
We welcome your questions and feedback. Please feel free to contact us at 239-860-4370 if you have questions about the market or if you would like more specific information about your favorite city, community or neighborhood.
Have a great weekend!