LEE COUNTY FLORIDA
of the CLHMS TM 2023 AUGUST
Home
14 3 9 10 20 33 34 46 66 58 84 132 78 39 127 1 0 1 3 1 4 8 2 12 9 12 16 12 10 14 $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 $1,200,000 - $1,399,999 $1,100,000 - $1,199,999 $1,000,000 - $1,099,999 $925,000 - $999,999 Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $1,030,000 3 2 10 126 8% 2,000 - 2,499 $1,150,000 3 3 27 203 13% 2,500 - 2,999 $1,250,000 3 3 23 155 15% 3,000 - 3,499 $1,925,000 4 4 17 101 17% 3,500 - 3,999 $1,912,500 4 4 14 57 25% 4,000+ $3,250,000 4 5 14 111 13%
SINGLE - FAMILY HOMES
INVENTORY VS. SALES
Luxury Benchmark Price 1: $925,000 Buyer's Market 753 Total Inventory: 105 Total Sales: 14% Total Sales Ratio2: 1 The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
LEE COUNTY
LUXURY
| JULY 2023
LEE COUNTY SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 $1,300,000 $1,375,000 $1,192,500 $1,222,500 $1,424,363 $1,217,352 $1,300,000 $1,270,550 $1,300,000 $1,300,000 $1,310,000 $1,200,000 $1,400,000 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23
TOTAL INVENTORY
TOTAL SOLDS
SALES PRICE
2022
Jul.
VARIANCE: 40 % 538 753
VARIANCE: - 2 % 97.31% 95.00% SALE PRICE PER SQFT.
VARIANCE: 6 % 99 105
VARIANCE: 8 % $1.30m $1.40m
DAYS ON MARKET
VARIANCE: 150 % 14 35
SALE TO LIST PRICE RATIO VARIANCE: 7 % Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023 Jul. 2022 Jul. 2023
LEE COUNTY MARKET SUMMARY | JULY 2023
• The Lee County single-family luxury market is a Buyer's Market with a 14% Sales Ratio.
• Homes sold for a median of 95.00% of list price in July 2023.
• The most active price band is $4,600,000-$5,399,999, where the sales ratio is 30%
• The median luxury sales price for single-family homes is $1,400,000.
• The median days on market for July 2023 was 35 days, up from 14 in July 2022.
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.
MEDIAN DATA REVIEW | JULY Solds Median Sales Price Inventory 538 546 497 449 507 541 630 693 784 788 812 761 753 99 113 68 62 65 79 96 96 138 141 160 127 105
Jul.
2023
$505 $540