The Lee County August Housing Market reports showed 1,561 properties sold for $791 Million during the month in Bonita Springs, Cape Coral, Captiva, Estero, Fort Myers, Fort Myers Beach, Miromar Lakes, Sanibel, and surrounding areas.
The luxury market saw 85 properties sold at or above $1 Million in August, up from 81 in July. The highest-priced sale was a Gulffront single-family home on Fort Myers Beach for $11,250,000.
Fifty percent of the top ten highest-priced home sales in Lee County were in golf communities. Notably, these golf homes sold in Bonita Bay, West Bay and Mediterra. The luxury golf homes sold ranged from $2,900,000 to $4,750,000.
Several of Lee County’s municipalities are in the process of approving budgets. Multiple locals have reduced the property tax rate for the upcoming year. Estero has the lowest rate in Lee County and Fort Myers just reduced their ad valorem taxes for the upcoming 2024-2025 fiscal year.
Lee Country remains a top destination for people relocating. How many places can say they are lowering their property tax rate?
For the fourth straight month, the median sales price decreased over the same time last year. In the same way, the price decreased from $395,000 in July down to $390,000 in August. Thus, from a buyer’s perspective, there is more room to negotiate prices.
Additionally, prices vary by neighborhood. A key factor is the available inventory within the neighborhood. As inventory increases, prices tend to go down presenting buyers with more opportunities.
Or, if you are planning to buy a property, now is a good time to start watching the communities you are most interested in using our automatic property alerts. Not sure which communities fit your lifestyle? Contact us and we’ll help you target the neighborhoods that offer the amenities and lifestyle you would like to enjoy.
Not sure if you should sell? We will provide you with the latest market data for your neighborhood. Additionally, we will help you decide if it makes sense to list your property. If you decide to move forward, together we will determine the optimum selling price.
2024 Lee County August Housing Market Report – Single Family Homes
2024 Lee County August Housing Market Report – Condos
Recently Listed Golf Properties
Naples Golf Guy Monthly Market Report – NEW!
If you’re ready to find your dream home or condominium in Southwest Florida, we invite you to explore our website for comprehensive information about the local communities. For golf enthusiasts, we specialize in real estate within golf communities.
With over 200 different golf communities in the area, navigating the various membership options, golf course designs, and amenities can be overwhelming. We will provide you with a curated list of the top private golf communities that align with your lifestyle.
Considering new construction? Keep in mind that the contractor’s real estate agent represents the builder’s interests, not yours. Our representation can help you save money and negotiate for extras.
We also handle all contract negotiations through paperless transactions, ensuring a smooth process from offer to close.
The Naples Golf Guy Team, as seen on Forbes, will provide extraordinary customer service with an emphasis on detail. Professionalism, integrity, and discretion are not goals, they are standards. We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. Or, for buyers, we will help you find the community that will offer the ultimate Florida lifestyle in Paradise.
September 3rd, 2024 Posted by Matt
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!