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Back to Blog postingsFebruary Lee County Housing Market
The February Lee County Housing Market reports showed 1,262 properties sold for $675 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 February, with 101 properties sold at or above $1 million, up from 98 in January. The highest-priced sale was a luxury golf condo in Bonita Bay for $5,900,000.
Additionally, forty percent of the top 10 sales in the county were in golf communities. Luxury golf homes were sold in Bonita Bay, and Mediterra, and their prices ranged from $4,200,000 to $5,900,000.
Overall inventory rose to 15,037, an 11.9-month supply of homes for sale, which is a Buyer’s market. If you are a buyer looking for a good opportunity, now is a great time to explore your options.
Finally, we have seen recent headlines that people are moving out of the state of Florida. There are certainly people moving, as happens every year. However, the state economy is booming. According to the U.S. Bureau of Labor Statistics, the state added 430,800 jobs in January and February, surpassing 11.1 million workers. Also, the state’s unemployment rate remained below the national average for 51 consecutive months.
Florida has consistently been one of the fastest-growing states in the U.S., with significant domestic migration due to its favorable climate, tax benefits, and job opportunities. So, are you ready to relocate?
2025 February Lee County Housing Market Report – Single-Family Homes
February 2025 versus February 2024 Single Family Home Highlights:
- Closed sales decreased 9.3 percent, going from 1,022 transactions to 927 sales.
- Pending sales decreased 3.1 percent from 1,556 last February to 1,508 this February.
- Inventory increased 35.2 percent to 9,876 properties for sale, compared to 7,307 homes last year.
- New listings increased from 2,167 to 2,351, an 8.5 percent jump.
- Median days on market was 58 days, a 9.4 percent decrease, versus February of 2024.
- Inventory of single-family homes for sale ended February with an 8.8-month supply, up from a 6.5-month supply in February 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 9,435 homes for sale in January to 9,876 in February. Ultimately, the month ended with an 8.8-month supply of homes for sale, up from an 8.4-month supply in January.
The median sales price increased slightly compared to the previous month. It rose from $399,500 in January to $416,000 in February. However, it was down slightly from $420,495 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, unlike the previous month, the number of days from listing a home to contract increased from 53 days in the previous month to 58 days in February. Due to the inventory levels, it’s critical to price your home competitively from day one if you are considering selling.
Are you unsure 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.
February Lee County Housing Market Report – Condos and Townhomes
February 2025 versus February 2024 Condo Highlights:
- Condo sales decreased from 445 to 335, or a 24.7 percent decline.
- Pending sales decreased 9.4 percent from 616 last February to 558 this February.
- Inventory increased 40.8 percent up to 5,161 condos for sale compared to the prior February when there were only 3,666 units for sale.
- New listings increased from 987 up to 994, which was a 0.7 percent increase.
- The median days to contract was 64 days, representing a 10.3 percent increase versus February 2024
- Condo inventory ended February with a 14.1-month supply of properties available for sale, a 74.1 percent increase over the previous year.
As expected, available inventory increased month over month now that we are well into season. Overall, inventory increased 5 percent compared to January, a net increase of 244 condos for sale.
Ultimately, Lee County finished the month with a 14.1-month supply of condos for sale, up from a 13.1-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 last month, the days on market decreased month-over-month from 76 days in January down to 64 days in February. Additionally, the days on the market were well above last year’s average of 58 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 $305,000, down from the prior month when it was $325,000. Similarly, it was down from $345,000 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, 73.1 percent of condo transactions were cash sales, up from 65.2 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 February
- $5,900,000 – Bonita Bay condo – 100% of list price
- $4,700,000 – Bonita Bay condo – 96% of list price
- $4,252,000 – Mediterra Single Family Home – 95% of list price
- $4,200,000 – Bonita Bay single family home – 89% of list price
- $3,375,000 – Bonita Bay single family home – 87% of list price
- $3,300,000 –Miromar Lakes single family home – 85% of list price
- $3,200,000 – Bonita Bay single family home – 91% of list price
- $3,150,000 – Miromar Lakes single family home – 97% of list price
- $3,100,000 – Miromar Lakes single family home – 95% of list price
- $2,999,000 – Miromar Lakes single family home – 100% of list price
Southwest Florida February Housing Market Reports
2025 Feburary Lee County Housing Market – Single Fmaily Homes
2025 Feburary Lee County Housing Market – Condos
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
