LEE COUNTY FLORIDA
2023 JULY
Home of the CLHMS TM
11 4 10 12 19 30 32 48 57 65 89 120 95 40 129 0 0 1 4 1 3 3 3 6 7 19 19 15 23 23 $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 $1,022,500 3 2 18 128 14% 2,000 - 2,499 $1,060,000 3 3 37 210 18% 2,500 - 2,999 $1,200,979 3 3 29 160 18% 3,000 - 3,499 $1,440,000 4 4 18 99 18% 3,500 - 3,999 $1,637,500 4 4 12 56 21% 4,000+ $2,150,000 4 5 13 108 12%
SINGLE - FAMILY HOMES LUXURY INVENTORY VS. SALES
Benchmark
1:
,000 Balanced Market 761 Total Inventory: 127 Total Sales: 17% 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
| JUNE 2023 Luxury
Price
$925
LEE COUNTY SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 $1,300,000 $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 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23
TOTAL INVENTORY
TOTAL SOLDS
SALES PRICE
Jun.
Jun.
2023
VARIANCE: 33 %
SALE
161 127
SALE TO LIST PRICE RATIO
VARIANCE: - 4 % 99.49% 96.00%
VARIANCE: - 8 % $1.30m $1.20m
DAYS ON MARKET
SQFT. Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023 Jun. 2022 Jun. 2023
8 31
VARIANCE: 288 %
LEE COUNTY MARKET SUMMARY | JUNE 2023
• The Lee County single-family luxury market is a Balanced Market with a 17% Sales Ratio.
• Homes sold for a median of 96.00% of list price in June 2023.
• The most active price band is $1,000,000-$1,099,999, where the sales ratio is 58%
• The median luxury sales price for single-family homes is $1,200,000.
• The median days on market for June 2023 was 31 days, up from 8 in June 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 | JUNE Solds Median Sales Price Inventory 571 538 546 497 449 507 541 630 693 784 788 812 761 161 99 113 68 62 65 79 96 96 138 141 160 127
571 761
2022
VARIANCE: - 21 %
VARIANCE: - 4 % $506 $486
PRICE PER