Home of the CLHMS TM
LEE COUNTY FLORIDA
2022 OCTOBER
Inventory Sales
$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 4 6 5 18 18 40 30 36 38 48 87 50 22 90 0 0 1 0 1 2 2 1 9 2 5 11 5 18 11
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 1,999 $1,082,500 3 2 10 73 14% 2,000 - 2,499 $1,025,000 3 3 23 153 15% 2,500 - 2,999 $1,050,000 3 3 13 94 14% 3,000 - 3,499 $1,800,000 3 4 5 73 7% 3,500 - 3,999 $2,112,500 4 5 10 32 31% 4,000+ $2,100,000 5 5 7 72 10% LEE COUNTY SINGLE FAMILY HOMES LUXURY INVENTORY VS. SALES | SEPTEMBER 2022 Luxury Benchmark Price 1: $925,000 Buyer's Market 497Total Inventory: 68Total 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 | SEPTEMBER 13 - MONTH LUXURY MARKET TREND 4 SoldsMedian Sales Price Inventory 254 273 251 226 215 240 277 351 466 571 538 546 497 100 90 115 152 109 124 195 203 215 161 99 113 68 $1,290,178 $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 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-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 96.39% of list price in September 2022. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 82% • The median luxury sales price for single-family homes is $1,192,500. • The median days on market for September 2022 was 33 days, up from 8 in September 2021. LEE COUNTY SINGLE FAMILY HOMES LEE COUNTY MARKET SUMMARY | SEPTEMBER 2022 VARIANCE: 96 % 254 497 Sept. 2021 Sept. 2022 TOTAL INVENTORY VARIANCE: 32 % 100 68 TOTAL SOLDS VARIANCE: 8 % $1.29m $1.19m SALES PRICE VARIANCE: 313 % 8 33 DAYS ON MARKET VARIANCE: 3 % 98.90% 96.39% SALE TO LIST PRICE RATIO VARIANCE: 7 % $456 $488 SALE PRICE PER SQFT. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022
Inventory Sales
ATTACHED HOMES
$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
27 3 5 2 4 10 16 9 7 15 27 32 25 27 19 2 1 0 1 1 0 1 3 0 2 5 8 6 5 2
LEE COUNTY
Square Feet3 -RangePrice -Median SoldBeds -Median SoldBaths -Median SoldSold -TotalInventory -TotalSales Ratio -Sold/Inventory0 - 999 $727,500 2 2 5 29 17% 1,000 - 1,499 $850,000 2 2 5 49 10% 1,500 - 1,999 $662,500 3 2 10 60 17% 2,000 - 2,499 $799,450 3 3 8 32 25% 2,500 - 2,999 $1,150,000 3 3 5 23 22% 3,000+ $2,956,250 3 4 4 35 11% LUXURY INVENTORY VS. SALES | SEPTEMBER 2022 Luxury Benchmark Price 1: $575,000 Balanced Market 228Total Inventory: 37Total Sales: 16%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.
86 88 78 71 54 79 93 146 180 211 216 215 228 54 58 49 91 64 75 109 117 120 129 63 68 37 $749,444 $676,250 $750,000 $770,000 $775,000 $799,000 $790,000 $848,000 $820,450 $800,000 $769,500 $825,000 $795,000 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 SoldsSale 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: 165 % 86 228 VARIANCE: 31 % 54 37 VARIANCE: 6 % $749k $795k SALES PRICE VARIANCE: 383 % 6 29 DAYS ON MARKET VARIANCE: 1 % 98.31% 97.10% SALE TO LIST PRICE RATIO VARIANCE: 21 % $550 $434 SALE PRICE PER SQFT. LEE COUNTY MARKET SUMMARY | SEPTEMBER 2022 LEE COUNTY ATTACHED HOMES • The Lee County attached luxury market is a Balanced Market with a 16% Sales Ratio. • Homes sold for a median of 97.10% of list price in September 2022. • The most active price band is $1,900,000-$2,199,999, where the sales ratio is 50% • The median luxury sales price for attached homes is $795,000. • The median days on market for September 2022 was 29 days, up from 6 in September 2021. Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 Sept. 2021 Sept. 2022 MEDIAN DATA REVIEW | SEPTEMBER TOTAL INVENTORY TOTAL SOLDS