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Back to Blog postingsJanuary Lee County Real Estate Market
The January Lee County Real Estate Market reports showed 1,094 properties sold for $613 million in Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas during the month.
The luxury market remained strong in January, with 98 properties sold at or above $1 million, down from 109 in December. The highest-priced sale was a newly constructed luxury golf home in Miormar Lakes for $7,277,231.
Additionally, fifty percent of the top 10 sales in the county were in golf communities. Luxury golf homes were sold in Bonita Bay, Miromar Lakes, Gulf Harbour and Verandah, and their prices ranged from $3,650,000 to $7,277,231.
Overall inventory rose to 14,352, a 13.1-month supply of homes for sale, which is a Seller’s market. If you are a buyer looking for a good opportunity, now is a great time to explore your options.
2025 January Lee County Real Estate Market Report – Single-Family Homes
January 2025 versus January 2024 Single Family Home Highlights:
- Closed sales increased 2.4 percent, going from 793 transactions up to 812 sales.
- Pending sales decreased 11.2 percent from 1,346 last January to 1,195 this January.
- Inventory increased 36.1 percent to 9,435 properties for sale, compared to 6,930 homes last year.
- New listings increased from 2,205 to 2,878, a 30.5 percent jump.
- Median days on market increased to 53 days, a 3.6 percent decrease, versus January of 2024.
- Inventory of single-family homes for sale ended January with an 8.4-month supply, up from a 6.1-month supply in January 2024
As expected, now that we are in the middle of season the inventory of single-family homes for sale increased over last year and month over month. Inventory increased from 8,204 homes for sale in December to 9,435 in January. Ultimately, the month ended with an 8.43-month supply of homes for sale, up from a 7.3-month supply in December.
The median sales price decreased slightly compared to the previous month. It fell from $400,000 in December to $399,500 in January, similar to its decrease from $405,000 during the same time last 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 from 57 days in the previous month to 53 days in January. Due to the inventory levels, 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.
January Lee County Real Estate Market Report – Condos and Townhomes
January 2025 versus January 2024 Condo Highlights:
- Condo sales decreased from 329 to 282, or a 14.3 percent decline.
- Pending sales decreased 24.5 percent from 554 last January to 418 this January.
- Inventory increased 46.3 percent up to 4,917 condos for sale compared to the prior January when there were only 3,362 units for sale.
- New listings increased from 1,112 up to 1,228, which was a 15.8 percent increase.
- The median days to contract was 76 days, representing a 55.1 percent increase versus January 2024
- Condo inventory ended January with a 13.1-month supply of properties available for sale, a 77 percent increase over the previous year.
As expected, available inventory increased month over month now that we are well into season. Overall, inventory increased 18.4 percent compared to December, a net increase of 763 condos for sale.
Ultimately, Lee County finished the month with a 13.1-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 align with the current market value.
Unlike the previous three months, the days on market increased month-over-month from 61 days in December to 76 days in January. Additionally, the days on the market were well above last year’s average of 49 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 $325,000, up from the prior month when it was just $315,000. However, it was down from $340,000 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, 65.2 percent of condo transactions were cash sales, up from 62.2 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 January
- $7,277,231 – Miromar Lakes condo – 100% of list price
- $5,000,000 – Gulf Harbour Yacht & CC single family home – 83% of list price
- $4,700,000 – Bonita Bay condo – 94% of list price
- $4,400,000 – Bonita Bay single family home – 105% of list price
- $3,650,000 – Verandah single family home – 87% of list price
- $3,100,000 – West Bay single family home – 99% of list price)
- $2,950,000 – Bonita Bay condo – 90% of list price
- $2,950,000 – Miromar Lakes single family home – 99% of list price
- $2,700,000 – The Colony at Pelican Landing Condo – 90% of list price
- $2,600,000 – Pelican Landing single family home – 92% of list price
Southwest Florida January Housing Market Reports
2025 January Lee County Real Estate Market Trends – 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.
Which Golf Community is Right for You?
Navigating the 200-plus golf course communities Southwest Florida offers can be overwhelming. With more than 20 years of experience, we’ve been assisting clients with finding their dream homes in golf communities. From luxury private golf communities to bundled golf communities, we will help you find the club, course, membership, amenities and location that will best match your lifestyle.
With two decades of experience helping buyers find the ideal property in golf communities in Southwest Florida, we’ve established exceptional relationships with the membership directors at each club. We will help facilitate conversations and appointments with membership directors so you can learn more about the club, its members, and membership options, including initiation fees, annual dues, and club amenities.
Call us today to start the process at 239.370.0892.
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
