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!
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!
