Another Month of Fewer Closed Sales & Higher Sale Prices
(Fort Myers, FL – July 21, 2016) – June 2016 saw yet another drop in the number of closed sales in Lee County, but also another up-tick in prices, according to the latest data released today by Florida Realtors®. Last month, there were 1,177 Closed Sales on Single Family Homes, compared to 1,342 in 2015. That is a drop of 12% year-over-year. Townhouse and Condo Closed Sales also dropped, almost 14% year-over-year. Median Price for Single Family Homes in Fort Myers Beach jumped 66% - from $387,750 to $644,000. The number of Active Listings once again shot up in June. Single Family Home listings were up 16% year-over-year, while Townhouses and Condos jumped 39%. Median Sale Price for a Single Family Home in Lee County continues to climb, however. There was nearly a 10% jump from June 2015 to June 2016. The Median Sale Price last month was $230,500.