Home of the CLHMS TM
LEE COUNTY FLORIDA
2022 NOVEMBER
$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
5 6 4 8 13 17 26 24 35 28 45 81 55 22 80 0 0 0 0 0 0 3 1 4 5 7 13 7 8 14
Inventory Sales Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $1,037,500 3 2 2 64 3% 2,000 - 2,499 $1,062,500 3 3 18 126 14% 2,500 - 2,999 $1,269,000 4 3 23 95 24% 3,000 - 3,499 $1,300,000 4 4 11 61 18% 3,500 - 3,999 $1,425,000 4 4 2 37 5% 4,000+ $2,125,000 5 6 6 66 9% LEE COUNTY SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | OCTOBER 2022 Luxury Benchmark Price 1: $925,000 Buyer's Market 449 Total Inventory: 62 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.
MEDIAN DATA REVIEW | OCTOBER 13 - MONTH LUXURY MARKET TREND 4 Solds Median Sales Price Inventory 273 251 226 215 240 277 351 466 571 538 546 497 449 90 115 152 109 124 195 203 215 161 99 113 68 62 $1,415,000 $1,275,000 $1,359,500 $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 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 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. • The Lee County single-family luxury market is a Buyer's Market with a 14% Sales Ratio. • Homes sold for a median of 96.10% of list price in October 2022. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 36% • The median luxury sales price for single-family homes is $1,222,500. • The median days on market for October 2022 was 31 days, up from 25 in October 2021. LEE COUNTY SINGLE FAMILY HOMES LEE COUNTY MARKET SUMMARY | OCTOBER 2022 VARIANCE: 64 % 273 449 Oct. 2021 Oct. 2022 TOTAL INVENTORY VARIANCE: 31 % 90 62 TOTAL SOLDS VARIANCE: 14 % $1.42m $1.22m SALES PRICE VARIANCE: 24 % 25 31 DAYS ON MARKET VARIANCE: 1 % 96.67% 96.10% SALE TO LIST PRICE RATIO VARIANCE: 2 % $474 $466 SALE PRICE PER SQFT. Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022
$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
25 5 5 4 7 6 11 8 5 9 19 27 22 32 9 0 1 0 2 0 1 6 3 1 3 5 4 5 6 2
Inventory Sales LEE COUNTY ATTACHED HOMES Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 NA NA NA 0 17 0% 1,000 - 1,499 NA NA NA 0 35 0% 1,500 - 1,999 $650,000 3 2 13 55 24% 2,000 - 2,499 $865,000 3 3 13 27 48% 2,500 - 2,999 $1,357,500 3 3 10 26 38% 3,000+ $2,000,000 3 3 3 34 9% LUXURY INVENTORY VS. SALES | OCTOBER 2022 Luxury Benchmark Price 1: $575,000 Balanced Market 194 Total Inventory: 39 Total Sales: 20% 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.
88 78 71 54 79 93 146 180 211 216 215 228 194 58 49 91 64 75 109 117 120 129 63 68 37 39 $676,250 $750,000 $770,000 $775,000 $799,000 $790,000 $848,000 $820,450 $800,000 $769,500 $825,000 $795,000 $870,000 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Solds Sale Price Inventory 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. 13 - MONTH LUXURY MARKET TREND 4 VARIANCE: 120 % 88 194 VARIANCE: 33 % 58 39 VARIANCE: 29 % $676k $870k SALES PRICE VARIANCE: 386 % 7 34 DAYS ON MARKET VARIANCE: 1 % 100.00% 98.52% SALE TO LIST PRICE RATIO VARIANCE: 10 % $436 $392 SALE PRICE PER SQFT. LEE COUNTY MARKET SUMMARY | OCTOBER 2022 LEE COUNTY ATTACHED HOMES • The Lee County attached luxury market is a Balanced Market with a 20% Sales Ratio. • Homes sold for a median of 98.52% of list price in October 2022. • The most active price band is $1,300,000-$1,499,999, where the sales ratio is 55% • The median luxury sales price for attached homes is $870,000. • The median days on market for October 2022 was 34 days, up from 7 in October 2021. Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 Oct. 2021 Oct. 2022 MEDIAN DATA REVIEW | OCTOBER TOTAL INVENTORY TOTAL SOLDS