Lee County January Housing Market
Lee County January Housing Market Report
The Lee County January Housing Market reports showed 1,122 properties sold for just over $645 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 84 properties sold at or above $1 Million in January down from 98 sales in December. The highest-priced sale was a single-family home on Bonita Beach overlooking the Gulf of Mexico for $12,900,000. Forty percent of the top 10 highest-priced properties sold were in golf communities including Bonita Bay, Miromar Lakes, and Quail West.
Overall, Florida remains a top destination for homebuyers and businesses. The Sunshine State was recently ranked the 2nd Best Small Business State in the country according to a SimplifyLLC Study. Additionally, the state remains among the Top 5 States with the most inbound relocations according to a report by the Allied Van Line one of the nation’s largest moving companies.
Further, our state was ranked the Best State for Retirement according to WalletHub due to low taxes and mile of shoreline.
The Fort Myers area in particular was just ranked one of the Top 10 Boating Destinations in the United States. The Fort Myers-Naples area came in 3rd behind the Florida Keys and Panhandle according to Boatsetter.
Are you ready to relocate to Southwest Florida?
Lee County January Housing Market Report – Single-Family Homes
January 2024 versus January 2023 Single Family Home Highlights:
- Closed sales decreased 8.6 percent going from 868 transactions down to 793 sales.
- Pending sales increased 1.7% percent up from 1,323 last January to 1,346 this January.
- Inventory increased 82.2 percent up to 6,930 properties for sale compared to this same time last year when 3,803 homes were for sale.
- New listings increased from 1,717 up to 2,205 which was a 28.4 percent increase.
- Median days on market increased to 55 days which was a 61.8 percent increase versus January of 2023.
- Available inventory of single-family homes ended January with a 6.1 months’ supply of homes available for sale which was up from a 3.2 months’ supply during January of 2023.
Or, if you are considering buying 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 which communities fit your lifestyle? Contact us and we’ll help you target the neighborhoods which offer the amenities and lifestyle you would like to enjoy.
Lee County January Housing Market Report – Condos and Townhomes
January 2024 versus January 2023 Condo Highlights:
- Condo sales decreased 2.7 percent going from 338 real estate transactions down to 329 sales.
- Pending sales decreased 11.3 percent down from 870 last January down to 772 this January.
- Inventory increased 138.6 percent up to 3,362 condos for sale compared to last January when there were only 1,409 units for sale.
- New listings increased from 826 up to 1,112 which was a 34.6 percent jump.
- Median days to contract was 49 days which represented an 104.2 percent increase versus January of 2023.
- Available inventory of condos ended January with a 7.4 months supply of properties available for sale which was a 138.6 percent increase over last year.
Not sure if you should sell? We will provide you with the latest market data for your neighborhood and 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.
Southwest Florida January Housing Market Report
2024 Lee County January Housing Market Stats – Single Family Homes
2024 Lee County January Housing Market Stats – Condos
Naples Golf Guy Monthly Market Report
Recently Listed Golf Properties
Ready for a Florida Vacation Home or Second Home?
There are more than 200 different golf communities in our area and most of them have a private golf course within the community. It can be challenging to navigate the plethora of communities, membership options, golf course design, amenities, and more. We will help provide you with a list of the top private golf communities which match your lifestyle.
Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours. There is no cost for you to have an agent represent you. We may be able to help you save money and negotiate for extras that the builder may not let you know about.
Lastly, we will manage all contract negotiations via paperless transactions for your property from offer to close!
Should You Sell Your Home?
While it is still a seller’s market, it won’t last forever. Inventory is starting to increase offering buyers more options. Additionally, we are starting to see prices drop on homes recently listed.
Our team is committed to extraordinary customer service, emphasizing detail and frequent communication.
We collaborate with our sellers to design and implement a customized marketing campaign to present your property to the world. We are dedicated to making the sales process easier for you and your family.
We would very much like to meet you, learn about your home, and help provide a stress-free selling environment for you and your family.
Call, email, or text us today for a FREE market analysis – 239.370.0892.
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The Naples Golf Guy Team, as seen on Forbes, is committed to 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. If you are a buyer, we are committed to helping you find the community which will allow you to live the ultimate Florida lifestyle in Paradise.
February 23rd, 2024 Posted by Matt