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Back to Blog postingsLee County December Housing Market Report
The Lee County December Housing Market report showed 1,350 properties sold for $740 million in Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas during the month. A total of $9.5 billion worth of properties were sold throughout the county during 2024.
The luxury market remained strong in December, with 109 properties sold at or above $1 million, up from 73 in November. The highest-priced sale was a waterfront lot on Captiva Island for $10,000,000.
Additionally, sixty percent of the top 10 sales in the county were in golf communities. Luxury golf homes were sold in Bonita Bay, Quail West, Miromar Lakes, and Pelican Landing, and their prices ranged from $3,750,000 to $5,600,000.
Lee County remains a prime location for visitors and second homeowners, as evidenced by the record-setting traffic through Fort Myers Airport (RSW) last year. More than 1.1 million passengers traveled through the airport in 2024.
Are you ready to relocate to the Sunshine State?
Lee County December Housing Market Report – Single-Family Homes
December 2024 versus December 2023 Single Family Home Highlights:
- Closed sales decreased 0.1 percent, going from 1012 transactions down to 1,011 sales.
- Pending sales increased 2.1 percent, up from 884 last December to 903 this December.
- Inventory increased 29.4 percent to 6,340 properties for sale, compared to 8,204 homes last year.
- New listings increased from 1,367 to 1,793, a 31.2 percent jump.
- Median days on market increased to 57 days, a 35.7 percent increase, versus December of 2023.
- Inventory of single-family homes for sale ended December with a 7.3-month supply, up from a 5.6-month supply in December 2023.
As expected, now that the season is in full swing, the inventory of single-family homes for sale increased over last year and month over month. Inventory increased from 7,913 homes for sale in November to 8,204 in December. Ultimately, the month ended with a 7.3-month supply of homes for sale, up slightly from a 7-month supply in November.
The median sales price increased slightly compared to the previous month. It rose from $395,000 in November to $400,000 in December, up from $399,000 in December of the previous year. Keep in mind that prices vary by neighborhood. A key factor is the available inventory within the neighborhood. As inventory increases, prices tend to decrease, giving buyers more opportunities.
Additionally, the number of days from listing a home to contract decreased slightly from 58 days in the previous month to 57 days in December. Once again, this was a notable increase from a year earlier, when it was just 42 days. So, if you are considering selling, it’s critical to price your home competitively from day one.
Not sure what your home is worth? Call, email, or text us at 239.370.0892 for a FREE market analysis.
So, if you plan to buy property, now is a good time to start using our automatic property alerts to monitor the communities you are most interested in. Not sure which communities fit your lifestyle? Contact us, and we’ll help you target the neighborhoods offering the amenities, homes, and lifestyle you want to enjoy.
Lee County December Housing Market Report – Condos and Townhomes
December 2024 versus December 2023 Condo Highlights:
- Condo sales were the same month over month with 339 real estate transactions.
- Pending sales decreased 16.9 percent from 332 last December to 276 this December.
- Inventory increased 44.8 percent up to 4,154 condos for sale compared to the prior December when there were only 2,869 units for sale.
- New listings increased from 713 up to 598, which was a 19.2 percent increase.
- The median days to contract was 45 days, representing a 35.6 percent increase versus December of 2023.
- Condo inventory ended December with an 11-month supply of properties available for sale, a 74.6 percent increase over the previous year.
As expected, available inventory increased month over month now that we are officially in season. Inventory increased 4.2 percent compared to November, a net increase of 167 condos for sale.
Ultimately, Lee County finished the month with a 10.5-month supply of condos for sale, up from an 11-month supply during the prior month. Therefore, it remains a buyers’ market. As such, if you are a seller, you should assess the other properties available to ensure you are in line with the current market value.
For the third consecutive month, the days on market decreased from 77 days in November to 61 days in December. Like the single-family market, the days on the market were well above last year’s average of 42 days for a property to go to contract. Ultimately, the DOM is still well below the traditional 120 days for a property to contract.
Also, the median condo price ended the month at $315,000, up from the prior month when it was just $295,000. However, it was down from $355,000 compared to the prior year. As long as inventory levels remain well above normal, it will remain a buyer’s market for the foreseeable future.
Finally, 62.2 percent of condo transactions were cash sales, up from 57.7 percent during the previous month. So, if you plan on leveraging a loan for your condo purchase, be aware that you’re still competing with many cash buyers.
Top 10 Luxury Lee County Golf Home Sales in December
- $5,600,000 – 13741 Pondview Cir. in Quail West with 6,84 sq. ft. (97% of list price)
$4,900,000 – 4991 Bonita Bay Blvd. Unit 1901 in Bonita Bay with 4,654 sq. ft. (95% of list price)- $4,800,000 – 3790 Bay Creek Dr. in Pelican Landing with 6,456 sq. ft. (96% of list price)
- $4,175,000 – 10421 Via Parma Way in Miromar Lakes with 4,000 sq. ft. (91% of list price)
- $3,900,000 – 4080 Arrowwood Ct. in Bonita Bay with 7,539 sq. ft. (100% of list price)
- $3,750,000 – 26291 Woodlyn Dr. in Bonita Bay with 7,250 sq. ft. (94% of list price)
- $3,200,000 – 20480 Riverbrook Run in West Bay with 4,156 sq. ft. (91% of list price)
- $2,830,000 – 18120 Via Portofino Way in Miromar Lakes with 3,013 sq. ft. (87% of list price)
- $2,750,000 – 10440 Riverbrooke Run in West Bay with 4,964 sq. ft. (98% of list price)
- $2,700,000 – 15501 Gullane Ct. in Fiddlesticks with 7,078 sq. ft. (91% of list price)
New Listings in Golf Communities
Southwest Florida December Housing Market Reports
2024 Lee County December Housing Market Report – Single Family Homes
Ultimately, whether you plan to purchase now or sometime in the future, it is a good time to start viewing homes online in neighborhoods that fit your criteria. To stay up to date, sign up for automatic property alerts.
Or, if you are thinking of selling, you still have time to take advantage of season. We will provide you with the latest market data for your neighborhood and help you decide if it makes sense to list your property. We will determine the optimum selling price together if you decide to move forward.
Lee County December Housing Market Report
The Lee County December Housing Market report showed 1,350 properties sold for $740 million in Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas during the month. A total of $9.5 billion worth of properties were sold throughout the county during 2024.
The luxury market remained strong in December, with 109 properties sold at or above $1 million, up from 73 in November. The highest-priced sale was a waterfront lot on Captiva Island for $10,000,000.
Additionally, sixty percent of the top 10 sales in the county were in golf communities. Luxury golf homes were sold in Bonita Bay, Quail West, Miromar Lakes, and Pelican Landing, and their prices ranged from $3,750,000 to $5,600,000.
Lee County remains a prime location for visitors and second homeowners, as evidenced by the record-setting traffic through Fort Myers Airport (RSW) last year. More than 1.1 million passengers traveled through the airport in 2024.
Are you ready to relocate to the Sunshine State?
Lee County December Housing Market Report – Single-Family Homes
December 2024 versus December 2023 Single Family Home Highlights:
- Closed sales decreased 0.1 percent, going from 1012 transactions down to 1,011 sales.
- Pending sales increased 2.1 percent, up from 884 last December to 903 this December.
- Inventory increased 29.4 percent to 6,340 properties for sale, compared to 8,204 homes last year.
- New listings increased from 1,367 to 1,793, a 31.2 percent jump.
- Median days on market increased to 57 days, a 35.7 percent increase, versus December of 2023.
- Inventory of single-family homes for sale ended December with a 7.3-month supply, up from a 5.6-month supply in December 2023.
As expected, now that the season is in full swing, the inventory of single-family homes for sale increased over last year and month over month. Inventory increased from 7,913 homes for sale in November to 8,204 in December. Ultimately, the month ended with a 7.3-month supply of homes for sale, up slightly from a 7-month supply in November.
The median sales price increased slightly compared to the previous month. It rose from $395,000 in November to $400,000 in December, up from $399,000 in December of the previous year. Keep in mind that prices vary by neighborhood. A key factor is the available inventory within the neighborhood. As inventory increases, prices tend to decrease, giving buyers more opportunities.
Additionally, the number of days from listing a home to contract decreased slightly from 58 days in the previous month to 57 days in December. Once again, this was a notable increase from a year earlier, when it was just 42 days. So, if you are considering selling, it’s critical to price your home competitively from day one.
Not sure what your home is worth? Call, email, or text us at 239.370.0892 for a FREE market analysis.
So, if you plan to buy property, now is a good time to start using our automatic property alerts to monitor the communities you are most interested in. Not sure which communities fit your lifestyle? Contact us, and we’ll help you target the neighborhoods offering the amenities, homes, and lifestyle you want to enjoy.
Lee County December Housing Market Report – Condos and Townhomes
December 2024 versus December 2023 Condo Highlights:
- Condo sales were the same month over month with 339 real estate transactions.
- Pending sales decreased 16.9 percent from 332 last December to 276 this December.
- Inventory increased 44.8 percent up to 4,154 condos for sale compared to the prior December when there were only 2,869 units for sale.
- New listings increased from 713 up to 598, which was a 19.2 percent increase.
- The median days to contract was 45 days, representing a 35.6 percent increase versus December of 2023.
- Condo inventory ended December with an 11-month supply of properties available for sale, a 74.6 percent increase over the previous year.
As expected, available inventory increased month over month now that we are officially in season. Inventory increased 4.2 percent compared to November, a net increase of 167 condos for sale.
Ultimately, Lee County finished the month with a 10.5-month supply of condos for sale, up from an 11-month supply during the prior month. Therefore, it remains a buyers’ market. As such, if you are a seller, you should assess the other properties available to ensure you are in line with the current market value.
For the third consecutive month, the days on market decreased from 77 days in November to 61 days in December. Like the single-family market, the days on the market were well above last year’s average of 42 days for a property to go to contract. Ultimately, the DOM is still well below the traditional 120 days for a property to contract.
Also, the median condo price ended the month at $315,000, up from the prior month when it was just $295,000. However, it was down from $355,000 compared to the prior year. As long as inventory levels remain well above normal, it will remain a buyer’s market for the foreseeable future.
Finally, 62.2 percent of condo transactions were cash sales, up from 57.7 percent during the previous month. So, if you plan on leveraging a loan for your condo purchase, be aware that you’re still competing with many cash buyers.
Top 10 Luxury Lee County Golf Home Sales in December
- $5,600,000 – 13741 Pondview Cir. in Quail West with 6,84 sq. ft. (97% of list price)
- $4,900,000 – 4991 Bonita Bay Blvd. Unit 1901 in Bonita Bay with 4,654 sq. ft. (95% of list price)
- $4,800,000 – 3790 Bay Creek Dr. in Pelican Landing with 6,456 sq. ft. (96% of list price)
- $4,175,000 – 10421 Via Parma Way in Miromar Lakes with 4,000 sq. ft. (91% of list price)
- $3,900,000 – 4080 Arrowwood Ct. in Bonita Bay with 7,539 sq. ft. (100% of list price)
- $3,750,000 – 26291 Woodlyn Dr. in Bonita Bay with 7,250 sq. ft. (94% of list price)
- $3,200,000 – 20480 Riverbrook Run in West Bay with 4,156 sq. ft. (91% of list price)
- $2,830,000 – 18120 Via Portofino Way in Miromar Lakes with 3,013 sq. ft. (87% of list price)
- $2,750,000 – 10440 Riverbrooke Run in West Bay with 4,964 sq. ft. (98% of list price)
- $2,700,000 – 15501 Gullane Ct. in Fiddlesticks with 7,078 sq. ft. (91% of list price)
New Listings in Golf Communities
Southwest Florida December Housing Market Reports
2024 Lee County December Housing Market Report – Single Family Homes
Ultimately, whether you plan to purchase now or sometime in the future, it is a good time to start viewing homes online in neighborhoods that fit your criteria. To stay up to date, sign up for automatic property alerts.
Or, if you are thinking of selling, you still have time to take advantage of season. We will provide you with the latest market data for your neighborhood and help you decide if it makes sense to list your property. We will determine the optimum selling price together if you decide to move forward.
About Naples Golf Guy
For expert guidance in Southwest Florida real estate, contact Naples Golf Guy, Matt Klinowski P.A. Whether you’re looking to buy a single-family home or condo in Naples, Bonita Springs, Estero, Ft. Myers or Sarasota I can help. With over 20 years of experience, I offer valuable market information and insights into individual communities to help you find the perfect home and lifestyle in the best golf community to fit your needs. Reach out to me today to get started!
Contact Matt: Matt@NaplesGolfGuy.com or at 239-370-0892
