Home of the CLHMS TM 2024 APRIL
LEE COUNTY FLORIDA
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $1,199,000 3 2 13 172 8% 2,000 - 2,499 $1,118,750 3 3 52 379 14% 2,500 - 2,999 $1,266,000 3 3 38 280 14% 3,000 - 3,499 $1,550,000 4 4 28 199 14% 3,500 - 3,999 $1,462,500 4 4 14 107 13% 4,000+ $2,342,500 4 5 13 193 7% LEE COUNTY SINGLE - FAMILY HOMES 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 12%; Balanced >= 12 to < 21%; Seller's >= 21%. If >100% MLS® data reported previous month’s sales exceeded current inventory. 24 11 19 19 34 42 92 82 118 95 149 198 144 108 195 0 0 0 1 1 3 4 9 15 16 15 31 19 18 26 $7,500,000+ $6,400,000 - $7,499,999 $5,400,000 - $6,399,999 $4,600,000 - $5,399,999 $3,800,000 - $4,599,999 $3,200,000 - $3,799,999 $2,600,000 - $3,199,999 $2,200,000 - $2,599,999 $1,800,000 - $2,199,999 $1,600,000 - $1,799,999 $1,400,000 - $1,599,999
- $1,399,999
- $1,199,999
- $1,099,999
- $999,999
Balanced Market Total Inventory: 1,330 Total Sales: 158 Total Sales Ratio2 : 12% Luxury Benchmark Price 1: $925,000
$1,200,000
$1,100,000
$1,000,000
$925,000
Inventory Sales LUXURY INVENTORY VS. SALES | MARCH 2024
• The single-family luxury market is a Balanced Market with a 12% Sales Ratio.
• Homes sold for a median of 94.91% of list price in March 2024.
• The most active price band is $1,000,000-$1,099,999, where the sales ratio is 17%
• The median luxury sales price for single-family homes is $1,266,000.
• The median days on market for March 2024 was 56 days, up from 21 in March 2023.
3Square foot table does not account for listings and solds where square foot data is not disclosed.
4Data reported includes Active and Sold properties and does not include Pending properties.
MARCH 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory 784 788 812 761 753 739 785 910 1,073 1,104 1,276 1,353 1,330 138 141 160 127 105 100 87 82 73 89 85 107 158 $1,300,000 $1,300,000 $1,310,000 $1,200,000 $1,400,000 $1,227,500 $1,250,000 $1,250,000 $1,300,000 $1,215,000 $1,342,500 $1,300,000 $1,266,000 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24
MEDIAN DATA REVIEW |
LEE COUNTY MARKET SUMMARY | MARCH 2024 VARIANCE: 70 % 784 1,330 Mar. 2023 Mar. 2024 TOTAL INVENTORY VARIANCE: 14 % 138 158 TOTAL SOLDS VARIANCE: - 3 % $1.30m $1.27m SALES PRICE VARIANCE: 167 % 21 56 DAYS ON MARKET VARIANCE: 0 % 95.17% 94.91% SALE TO LIST PRICE RATIO VARIANCE: - 4 % $512 $492 SALE PRICE PER SQFT. Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Luxury Benchmark Price 1: $925,000
LEE COUNTY SINGLE - FAMILY HOMES
ATTACHED HOMES
LEE COUNTY
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $818,750 2 2 2 46 4% 1,000 - 1,499 $720,000 2 2 11 149 7% 1,500 - 1,999 $650,000 3 2 42 206 20% 2,000 - 2,499 $695,380 3 3 21 198 11% 2,500 - 2,999 $950,000 3 3 19 116 16% 3,000+ $2,575,000 4 4 8 78 10% 40 14 22 24 21 18 40 75 16 74 81 114 86 75 93 3 2 1 0 2 1 3 10 2 5 14 12 16 17 15 $3,000,000+ $2,600,000 - $2,999,999 $2,200,000 - $2,599,999 $1,900,000 - $2,199,999 $1,700,000 - $1,899,999 $1,500,000 - $1,699,999 $1,300,000 - $1,499,999 $1,100,000 - $1,299,999 $1,000,000 - $1,099,999 $900,000 - $999,999 $800,000 - $899,999 $700,000 - $799,999
- $699,999
- $649,999 $575,000 - $599,999 LUXURY INVENTORY VS. SALES | MARCH 2024 Inventory Sales Luxury Benchmark Price 1: $575,000 Balanced Market Total Inventory: 793 Total Sales: 103 Total Sales Ratio2 : 13% 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 12%; Balanced >= 12 to < 21%; Seller's >= 21%. If >100% MLS® data reported previous month’s sales exceeded current inventory.
$650,000
$600,000
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | MARCH
• The attached luxury market is a Balanced Market with a 13% Sales Ratio.
• Homes sold for a median of 96.24% of list price in March 2024.
• The most active price band is $600,000-$649,999, where the sales ratio is 23%
• The median luxury sales price for attached homes is $720,000.
• The median days on market for March 2024 was 40 days, up from 15 in March 2023.
447 460 455 422 420 415 455 520 586 615 710 780 793 92 90 98 54 43 75 36 52 59 63 51 59 103 $930,000 $795,000 $744,500 $732,500 $745,000 $1,075,000 $875,000 $815,152 $850,000 $799,000 $728,000 $760,000 $720,000 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4Data
Active and Sold properties and does not include Pending properties. VARIANCE: 77 % 447 793 VARIANCE: 12 % 92 103 VARIANCE: - 23 % $930k $720k SALES PRICE VARIANCE: 167 % 15 40 DAYS ON MARKET VARIANCE: - 1 % 96.90% 96.24% SALE TO LIST PRICE RATIO VARIANCE: - 16 % $452 $379 SALE PRICE PER SQFT. LEE COUNTY MARKET SUMMARY
MARCH 2024
HOMES
reported includes
|
LEE COUNTY ATTACHED
Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024 Mar. 2023 Mar. 2024
TOTAL INVENTORY TOTAL SOLDS Luxury Benchmark Price 1: $575,000
Solds Median Sales Price Inventory