LEE COUNTY FLORIDA
2023 FEBRUARY
Home of the CLHMS TM
8 3 6 10 24 22 31 38 40 38 79 113 82 38 98 0 0 1 0 3 2 4 0 10 8 13 17 16 8 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 $1,150,000 3 2 10 115 9% 2,000 - 2,499 $1,182,500 3 3 30 174 17% 2,500 - 2,999 $1,150,000 3 3 19 128 15% 3,000 - 3,499 $1,537,500 3 4 18 86 21% 3,500 - 3,999 $1,760,000 4 4 11 53 21% 4,000+ $3,044,893 5 5 8 74 11%
SINGLE
HOMES
Benchmark
1
,000 Balanced Market 630 Total Inventory: 96 Total Sales: 15% 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
- FAMILY
LUXURY INVENTORY VS. SALES | JANUARY 2023 Luxury
Price
: $925
LEE COUNTY
13 - MONTH LUXURY MARKET
SINGLE - FAMILY HOMES
TREND 4
MEDIAN DATA REVIEW | JANUARY
TOTAL INVENTORY
VARIANCE: 193 % 215 630 Jan. 2022 Jan. 2023
VARIANCE: - 8 % $534 $491
LEE
TOTAL SOLDS
109 96
VARIANCE: - 12 %
SALE TO LIST PRICE RATIO
VARIANCE: - 4 % 98.85% 95.36%
SALES PRICE
VARIANCE: - 10 % $1.45m $1.30m
DAYS ON MARKET
11 22
VARIANCE: 100 %
COUNTY MARKET SUMMARY | JANUARY 2023
• The Lee County single-family luxury market is a Balanced Market with a 15% Sales Ratio.
• Homes sold for a median of 95.36% of list price in January 2023.
• The most active price band is $1,800,000-$2,199,999, where the sales ratio is 25%
• The median luxury sales price for single-family homes is $1,300,000.
• The median days on market for January 2023 was 22 days, up from 11 in January 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.
Solds Median Sales Price Inventory 215 240 277 351 466 571 538 546 497 449 507 541 630 109 124 195 203 215 161 99 113 68 62 65 79 96 $1,450,000 $1,392,500 $1,300,000 $1,275,000 $1,375,000 $1,300,000 $1,300,000 $1,375,000 $1,192,500 $1,222,500 $1,424,363 $1,217,352 $1,300,000 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23
SALE PRICE
SQFT. Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023
PER
LEE COUNTY ATTACHED HOMES
27 12 8 6 13 13 21 24 7 21 23 32 42 42 44 9 4 2 0 0 1 2 4 2 3 4 2 5 7 5 $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 $650,000 - $699,999 $600,000 - $649,999 $575,000 - $599,999 Inventory Sales
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $697,500 2 2 2 18 11% 1,000 - 1,499 $635,500 2 2 4 53 8% 1,500 - 1,999 $635,730 3 2 12 95 13% 2,000 - 2,499 $849,000 3 3 13 74 18% 2,500 - 2,999 $980,000 3 3 5 46 11% 3,000+ $3,475,000 4 5 14 49 29%
Luxury Benchmark Price 1: $575,000 Balanced Market 335 Total Inventory: 50 Total Sales: 15% 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.
LUXURY INVENTORY VS. SALES | JANUARY 2023
LEE COUNTY
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4
MEDIAN DATA REVIEW | JANUARY
TOTAL INVENTORY TOTAL SOLDS
VARIANCE: 520 % 54 335
SALE PRICE PER SQFT.
VARIANCE: 16 % $460 $535
VARIANCE: - 22 % 64 50
SALE TO LIST PRICE RATIO
100.00% 99.75%
VARIANCE: 0 %
SALES PRICE
VARIANCE: 25 % $775k $970k
DAYS ON MARKET
6 21
VARIANCE: 250 %
LEE COUNTY MARKET SUMMARY | JANUARY 2023
• The Lee County attached luxury market is a Balanced Market with a 15% Sales Ratio.
• Homes sold for a median of 99.75% of list price in January 2023.
• The most active price band is $3,000,000+, where the sales ratio is 33%
• The median luxury sales price for attached homes is $970,000.
• The median days on market for January 2023 was 21 days, up from 6 in January 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.
54 79 93 146 180 211 216 215 228 194 247 287 335 64 75 109 117 120 129 63 68 37 39 41 39 50 $775,000 $799,000 $790,000 $848,000 $820,450 $800,000 $769,500 $825,000 $795,000 $870,000 $760,000 $720,000 $970,000 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Solds Sale Price Inventory
Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023 Jan. 2022 Jan. 2023
