Lee County & Collier County real estate market update

Saturday, November 14, 2015   /   by Michael Donovan

Lee County & Collier County real estate market update

Lee County & Collier County continue to experience very low inventory and increasing demand for single family homes and condos in all segments of the real estate market.

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!
MVP Realty USA
MVP Realty 4851 Tamiami Trail N
Naples, FL 34103

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
2020 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Dawn Johnson - MVP Realty IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 9/29/2020 11:09 PM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than Dawn Johnson - MVP Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Dawn Johnson - MVP Realty Data last updated 9/29/2020 11:09 PM CST.
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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