LEE COUNTY FLORIDA
Home
CLHMS TM 2024 MAY
of the
Benchmark Price 1: $925,000
INVENTORY
VS. SALES | APRIL 2024
$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
$1,200,000 - $1,399,999
$1,100,000 - $1,199,999
$1,000,000 - $1,099,999
$925,000 - $999,999
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $1,115,000 3 3 12 173 7% 2,000 - 2,499 $1,150,000 3 3 59 369 16% 2,500 - 2,999 $1,274,500 3 3 42 252 17% 3,000 - 3,499 $1,365,200 4 4 37 182 20% 3,500 - 3,999 $1,750,000 4 4 19 108 18% 4,000+ $3,075,000 4 5 24 188 13%
SINGLE
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. 20 11 18 21 37 35 91 81 104 93 131 187 137 98 208 1 1 3 1 2 4 9 10 18 13 17 34 26 29 25
LEE COUNTY
- FAMILY
- $2,599,999
- $2,199,999
- $1,799,999
$1,800,000
$1,600,000
$1,400,000 - $1,599,999
Inventory Sales
Balanced Market
Total Sales: 193 Total Sales Ratio2 : 15% Luxury
Total Inventory: 1,272
LEE COUNTY SINGLE - FAMILY HOMES
Luxury Benchmark Price 1: $925,000
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | APRIL
VARIANCE: 61 % 788 1,272 Apr. 2023 Apr. 2024 TOTAL INVENTORY VARIANCE: 37 % 141 193 TOTAL SOLDS VARIANCE: - 4 %
VARIANCE: - 6 % $523 $494 SALE PRICE PER SQFT.
VARIANCE: - 1 % 95.83% 94.83% SALE TO LIST PRICE RATIO
$1.25m SALES PRICE
VARIANCE: 39 % 28 39 DAYS ON MARKET
LEE COUNTY MARKET SUMMARY | APRIL 2024
• The single-family luxury market is a Balanced Market with a 15% Sales Ratio.
• Homes sold for a median of 94.83% of list price in April 2024.
• The most active price band is $1,000,000-$1,099,999, where the sales ratio is 30%
• The median luxury sales price for single-family homes is $1,250,000.
• The median days on market for April 2024 was 39 days, up from 28 in April 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.
Solds Median Sales Price Inventory 788 812 761 753 739 785 910 1,073 1,104 1,276 1,353 1,330 1,272 141 160 127 105 100 87 82 73 89 85 107 158 193 $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 $1,250,000 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24
$1.30m
Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024
Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024
$2,200,000
LUXURY INVENTORY VS. SALES | APRIL 2024
$650,000
$600,000
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $715,000 2 2 1 44 2% 1,000 - 1,499 $775,000 2 2 15 143 10% 1,500 - 1,999 $669,500 3 2 31 180 17% 2,000 - 2,499 $867,500 3 3 36 196 18% 2,500 - 2,999 $1,380,000 3 3 20 109 18% 3,000+ $1,750,000 3 4 9 80 11% 43 13 20 20 25 23 36 80 10 68 72 96 76 83 87 3 2 3 4 7 5 3 7 9 7 11 15 14 14 8 $3,000,000+
- $2,999,999
LEE COUNTY ATTACHED HOMES
$2,600,000
- $2,599,999
- $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
- $799,999
$1,900,000
$700,000
- $699,999
- $649,999 $575,000 - $599,999
Inventory Sales Luxury Benchmark Price 1: $575,000 Balanced Market Total Inventory: 752 Total Sales: 112 Total Sales Ratio2 : 15% 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.
13 - MONTH LUXURY MARKET TREND 4
Median Sales Price Inventory
Solds
LEE COUNTY MARKET SUMMARY | APRIL 2024 LEE
MEDIAN DATA REVIEW | APRIL
• The attached luxury market is a Balanced Market with a 15% Sales Ratio.
• Homes sold for a median of 96.67% of list price in April 2024.
• The most active price band is $1,000,000-$1,099,999, where the sales ratio is 90%
• The median luxury sales price for attached homes is $836,000.
• The median days on market for April 2024 was 38 days, up from 15 in April 2023.
460 455 422 420 415 455 520 586 615 710 780 793 752 90 98 54 43 75 36 52 59 63 51 59 103 112 $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 $836,000 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 3Square foot table does not account for listings and solds where square foot data is not disclosed. 4
reported
Active
Sold properties
include Pending properties. VARIANCE: 63 % 460 752 VARIANCE: 24 % 90 112 VARIANCE: 5 % $795k $836k SALES
97.94% 96.67%
VARIANCE:
$419
SALE
Data
includes
and
and does not
PRICE VARIANCE: 153 % 15 38 DAYS ON MARKET VARIANCE: - 1 %
SALE TO LIST PRICE RATIO
10 %
$461
PRICE PER SQFT.
HOMES
COUNTY ATTACHED
Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024 Apr. 2023 Apr. 2024
TOTAL
TOTAL
Luxury
000
INVENTORY
SOLDS
Benchmark Price 1: $575,