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Monthly Market Detail - January 2014 Single Family Homes Lee County January 2014

January 2013

Percent Change Year-over-Year

745

774

-3.7%

Paid in Cash

416

437

-4.8%

New Pending Sales

1,278

1,365

-6.4%

New Listings

2,098

2,145

-2.2%

Median Sale Price

$180,000

$141,500

27.2%

Average Sale Price

$301,035

$240,023

25.4%

46

57

-19.3%

Average Percent of Original List Price Received

93.1%

93.7%

-0.6%

Pending Inventory

1,976

2,311

-14.5%

Inventory (Active Listings)

6,192

6,448

-4.0%

Months Supply of Inventory

6.1

6.5

-5.6%

Closed Sales

Percent Change Year-over-Year

745 992 805 1,000 942 1,069 1,005 1,052 1,255 1,197 1,150 903 774

-3.7% -0.8% -6.4% 12.2% 15.0% 19.3% 6.8% -3.8% 6.7% 1.4% -9.1% -10.7% -12.3%

Summary Statistics Closed Sales

Median Days on Market

Month

Closed Sales The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors® and their clients should also be wary of month-to-month comparisons of Closed Sales because of potential seasonal effects.

Closed Sales

1,800

2010

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

2013

1,600 1,400 1,200 1,000 800 600 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.


FOR IMMEDIATE RELEASE

Media Contact Doreen Herring Director of Communications/Marketing 239-936-3537, ext. 240; doreen@swflrealtors.com

Lee County’s median price continues to climb upward (Fort Myers, FL – February 20, 2014) The median price in Lee County continued to move upward with another significant increase in January. The median price of single-family homes increased 27.2 percent or $38,500 when compared to January of last year ($180,000 vs. $141,500) and the median price of condos increased by 20.8 percent or $28,450. Month-to-month the median price of single-family homes increased 1.7 percent or $3,000; the median price of condos dropped 0.03 percent or $50 from December 2013.

In looking at the median price by the types of properties sold, traditional sales experienced a 32.6 percent median price jump, while the median price of short sales increased 30.0 percent and foreclosures decreased 0.6 percent. In Lee County, 745 existing single-family homes sold in January, a decrease of 3.7 percent compared to January 2013 when 774 homes were sold. It is also a decrease of 24.9 percent compared to December 2013, which is a typical drop at this time of year. When compared to January 2013, traditional single family home sales increased by 6.6 percent, sales of foreclosure properties increased by 14.1 percent and short sales declined by 63.3 percent. Short sales and foreclosures made up 25.9 percent of total single-family home sales, while traditional sales made up 74.1 percent. Last year in January, those percentages were 33.1 and 66.9 percent, respectively. “Homes continue to move quickly; in fact, homes listed between $50,000 and $250,000 experienced a median days on market of less than 40 days”, said Association  President  Karen  Swanbeck.    “The   median price in Lee County is being driven upward due to the increase in sales within the $200,000-$400,000 range, both for single family as well as condo properties. Due to the severe winter in the Midwest and Northeast, many seasonal visitors are purchasing homes. “ Single family homes spent a median 46 days on market before coming under contract in January 2014, and the average home sold for 93.1 percent of its listing price. In January 2013 those numbers were 57 days and 93.7 percent, respectively. Pending sales of single family homes – those under contract and awaiting closing – are currently at 1,278, which is 6.4 percent lower than it was in January 2013 (1,365) and 50.2 percent higher than it was in December 2013 (851).

2840 Winkler Avenue | Fort Myers, FL 33916 P: (239) 936-3537 | F: (239) 936-2836 | GreaterFortMyersRealtors.com


The number of existing single family homes available for purchase in January is 4.0 percent lower than that of January 2013 and now sits at 6,192. Current inventory combined with the current pace of sales created a 6.1-month supply of homes in Lee County for January. There was a 6.5-month supply in January 2103 and a 6.1-month supply last month.

The numbers reported by the REALTOR速 Association of Greater Fort Myers and the Beach represent all sales by members of Florida Realtors速 in Lee County, FL. Statistics released each month may be revised in the future as new data is released. ###

2840 Winkler Avenue | Fort Myers, FL 33916 P: (239) 936-3537 | F: (239) 936-2836 | GreaterFortMyersRealtors.com


Lee County, FL – January, 2014 Closed Sales Single Family: 745 One Year Ago: 774 % Change: -3.7

Median Sale $ Active Listings New Pending Sales Single Family: $180,000 Single Family: 6,192 Single Family: 1,278 One Year Ago: $141,500 One Year Ago: 6,448 One Year Ago: 1,365 % Change: +27.2 % Change: -4.0 % Change: -6.4

Condos: One Year Ago: % Change:

Condos: $164,950 Condos: One Year Ago: $136,500 One Year Ago: % Change: +20.8 % Change:

434 360 +20.6

Types of Properties % Single Family Sold Traditional: 74.1% Short Sale: 6.3% Foreclosure: 19.6% City Fort Myers Fort Myers Beach North Fort Myers Lehigh Acres Cape Coral Pine Island Bonita Springs Estero

Less than $50,000 $50,000-$99,999 $100,000-$149,999 $150,000-$199,999 $200,000-$249,999 $250,000-$299,999 $300,000-$399,999 $400,000-$599,999 $600,000-$999,999 $1,000,000 or more

3,600 Condos: 4,295 One Year Ago: -16.2 % Change:

697 680 +2.5

Months Supply of % Original Price Median Days on Inventory Listed Market Single Family: 6.1 Single Family: 93.1 Single Family: 46 One Year Ago: 6.5 One Year Ago: 93.7 One Year Ago: 57 % Change: -5.6 % Change: -0.6 % Change: -19.3 Closed Sales by City for January, 2014 SF 2013 SF 2014 % Change Condo ‘13 Condo ‘14 % Change 246 219 -11.0 153 176 +15.0 11 11 0.0 9 31 +244.4 37 37 0.0 11 12 +9.1 155 108 -30.3 3 4 +33.3 309 232 -24.9 39 38 -2.6 15 10 -33.3 0 1 +100.0 60 61 +1.7 56 70 +25.0 34 35 +2.9 32 27 -15.6 Closed Sales by Price Point for January, 2014 Single % Median Days Condos % Median Days Family Change on Market Change on Market 35 -18.6 49 26 -13.3 47 121 -37.3 31 67 -23.9 64 146 -15.1 39 100 +25.0 37 97 -4.0 39 78 +34.5 44 78 +32.2 33 47 +80.8 40 59 +15.7 55 29 +61.1 62 80 +29.0 54 37 +42.3 57 57 +1.8 103 24 +26.3 144 38 +72.7 81 20 +42.9 48 34 +126.7 170 6 +500.0 190

Source: The numbers reported represent sales by all members of Florida Realtors®/MLS Advantage for Lee County, FL. Statistics released each month may be revised in the future as new data is released.


Monthly Market Detail - January 2014 Single Family Homes Lee County Month

Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash Economists' note : Cash Sales can be a useful indicator of the extent to which investors are participating in the market. Why? Investors are far more likely to have the funds to purchase a home available up front, whereas the typical homebuyer requires a mortgage or some other form of financing. There are, of course, many possible exceptions, so this statistic should be interpreted with care.

Cash Sales

1,100

2010

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

Cash Sales

Percent Change Year-over-Year

416 532 407 529 439 536 520 523 675 665 663 542 437

-4.8% -14.5% -12.7% 0.0% -9.3% 8.5% -1.1% -15.9% -5.3% -7.5% -18.1% -19.0% -26.7%

2013

900 700 500 300 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales

Pct. of Closed Sales Paid in Cash

Economists' note : This statistic is simply another way of viewing Cash Sales. The remaining percentages of Closed Sales (i.e. those not paid fully in cash) each month involved some sort of financing, such as mortgages, owner/seller financing, assumed loans, etc.

76%

2010

2011

Month January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

55.8% 53.6% 50.6% 52.9% 46.6% 50.1% 51.7% 49.7% 53.8% 55.6% 57.7% 60.0% 56.5%

-1.1% -13.8% -6.7% -10.9% -21.1% -9.1% -7.4% -12.6% -11.3% -8.7% -10.0% -9.3% -16.4%

2013

66% 56% 46% 36% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Produced by Florida REALTORS速 with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.


Monthly Market Detail - January 2014 Single Family Homes Lee County Month

New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month Economists' note : Because of the typical length of time it takes for a sale to close, economists consider Pending Sales to be a decent indicator of potential future Closed Sales. It is important to bear in mind, however, that not all Pending Sales will be closed successfully. So, the effectiveness of Pending Sales as a future indicator of Closed Sales is susceptible to changes in market conditions such as the availability of financing for homebuyers and the inventory of distressed properties for sale. 2010

Pending Sales

1,900

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

New Pending Sales

Percent Change Year-over-Year

1,278 851 1,081 1,116 1,057 1,259 1,149 1,154 1,465 1,508 1,500 1,421 1,365

-6.4% -16.4% 1.4% 2.2% 15.5% 36.1% 24.6% 17.5% 34.9% 10.6% 10.9% 15.9% 22.2%

2013

1,700 1,500 1,300 1,100 900 700 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Month

New Listings The number of properties put onto the market during the month Economists' note : In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really New Listings.

New Listings

3,200

2010

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

New Listings

Percent Change Year-over-Year

2,098 1,471 1,653 1,778 1,509 1,553 1,466 1,401 1,449 1,564 1,622 1,730 2,145

-2.2% 4.5% 6.9% 0.2% 7.5% -0.8% 4.8% -5.1% -11.3% -3.0% -10.9% -6.5% -1.3%

2013

2,700 2,200 1,700 1,200 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Produced by Florida REALTORS速 with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.


Monthly Market Detail - January 2014 Single Family Homes Lee County Month

Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)

Economists' note : Median Sale Price is our preferred summary statistic for price activity because, unlike Average Sale Price, Median Sale Price is not sensitive to high sale prices for small numbers of homes that may not be characteristic of the market area.

Median Sale Price

$220K

2010

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

Median Sale Price

Percent Change Year-over-Year

$180,000 $177,000 $170,000 $157,000 $168,450 $165,000 $163,000 $185,000 $176,333 $185,000 $170,000 $155,000 $141,500

27.2% 24.0% 21.4% 12.1% 24.8% 26.9% 20.7% 32.1% 21.6% 28.8% 26.0% 22.0% 20.5%

2013

$170K $120K $70K J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Month

Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)

Average Sale Price

Economists' note : As noted above, we prefer Median Sale Price over Average Sale Price as a summary statistic for home prices. However, Average Sale Price does have its uses—particularly when it is analyzed alongside the Median Sale Price. For one, the relative difference between the two statistics can provide some insight into the market for higher-end homes in an area.

$330K

2010

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

Average Sale Price

Percent Change Year-over-Year

$301,035 $269,789 $236,550 $232,526 $241,675 $245,549 $244,852 $271,896 $288,547 $305,319 $268,262 $277,160 $240,023

25.4% 12.8% 11.1% 9.9% 6.2% 26.4% 14.6% 17.1% 16.7% 23.8% 13.7% 32.3% 12.6%

2013

$280K $230K $180K $130K J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Produced by Florida REALTORSÂŽ with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.


Monthly Market Detail - January 2014 Single Family Homes Lee County Month

Median Days on Market The median number of days that properties sold during the month were on the market Economists' note : Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market.

Median Days on Market

80

2010

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

Median Days on Market

Percent Change Year-over-Year

46 43 45 37 42 48 49 57 60 59 54 57 57

-19.3% -15.7% 0.0% -26.0% -25.0% -2.0% 0.0% 1.8% 7.1% -1.7% -12.9% -9.5% -9.5%

2013

60 40 20 0 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month

Avg. Pct. of Orig. List Price Received

Economists' note : The Average Percent of Original List Price Received is an indicator of market conditions, in that in a recovering market, the measure rises as buyers realize that the market may be moving away from them and they need to match the selling price (or better it) in order to get a contract on the house. This is usually the last measure to indicate a market that has shifted from down to up, and is another lagging indicator.

97%

2010

2011

Month January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

Avg. Pct. of Orig. List Price Received

Percent Change Year-over-Year

93.1% 93.5% 93.7% 94.5% 94.7% 94.4% 93.8% 93.8% 93.0% 93.7% 93.6% 93.0% 93.7%

-0.6% 0.1% 0.0% 1.4% 1.8% 0.2% 0.6% 0.4% 0.1% 0.6% 1.7% 0.6% 1.6%

2013

95% 93% 91% 89% 87% 85% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Produced by Florida REALTORS速 with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.


Monthly Market Detail - January 2014 Single Family Homes Lee County Month

Inventory (Active Listings) The number of property listings active at the end of the month

Economists' note : There are a number of ways to calculate Inventory, so these numbers may not match up to others you see in your market. We calculate Inventory by counting the number of active listings on the last day of the month, and hold this number to compare with the same month the following year.

9,800

2010

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

Inventory

Percent Change Year-over-Year

6,192 6,169 6,081 5,847 5,433 4,997 4,924 4,955 5,213 5,677 6,107 6,420 6,448

-4.0% 0.4% 0.0% -2.4% -5.7% -13.0% -13.1% -14.0% -11.6% -6.5% -6.5% -4.5% -4.6%

2013

Inventory

8,800 7,800 6,800 5,800 4,800 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Month

Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates

Economists' note : This is an indicator of the state of the market, whether it is a buyers' market or a sellers' market. The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 Months of Inventory. Higher numbers indicate a buyers' market, lower numbers a sellers' market.

Months Supply of Inventory

8.0

2010

2011

January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 2012

Months Supply

Percent Change Year-over-Year

6.1 6.1 6.0 5.7 5.4 5.0 5.0 5.1 5.3 5.8 6.3 6.5 6.5

-5.6% -0.7% -1.7% -4.3% -6.6% -11.5% -8.9% -8.6% -5.4% 0.9% 2.6% 5.6% 6.0%

2013

7.0 6.0 5.0 4.0 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

Produced by Florida REALTORS速 with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.


Monthly Market Detail - January 2014 Single Family Homes Lee County

Closed Sales by Sale Price

The number of sales transactions which closed during the month Economists' note : Closed Sales are one of the simplest—yet most important—indicators for the residential real estate market. When comparing Closed Sales across markets of different sizes, we recommend using the year-over-year percent changes rather than the absolute counts. Realtors® and their clients should also be wary of month-to-month comparisons of Closed Sales because of potential seasonal effects. January 2013

Closed Sales

250

Closed Sales

Percent Change Year-over-Year

Less than $50,000

35

-18.6%

$50,000 - $99,999

121

-37.3%

$100,000 - $149,999

146

-15.1%

$150,000 - $199,999

97

-4.0%

$200,000 - $249,999

78

32.2%

$250,000 - $299,999

59

15.7%

$300,000 - $399,999

80

29.0%

$400,000 - $599,999

57

1.8%

$600,000 - $999,999

38

72.7%

$1,000,000 or more

34

126.7%

Sale Price

January 2014

250

200

200

150

150

100

100

50

50

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

The median number of days that properties sold during the month were on the market Economists' note: Median Days on Market is the amount of time the "middle" property selling this month was on the market. That is, 50% of homes selling this month took less time to sell, and 50% of homes took more time to sell. We use the median rather than the average because the median is not particularly sensitive to sales of homes that took an unusually large amount of time to sell relative to the vast majority of homes in the market. January 2013

Median Days on Market

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more Median Days on Market

Percent Change Year-over-Year

Less than $50,000

49

133.3%

$50,000 - $99,999

31

-31.1%

$100,000 - $149,999

39

5.4%

$150,000 - $199,999

39

0.0%

$200,000 - $249,999

33

-52.9%

$250,000 - $299,999

55

-37.5%

$300,000 - $399,999

54

-23.9%

$400,000 - $599,999

103

-17.6%

$600,000 - $999,999

81

-48.7%

$1,000,000 or more

170

-4.5%

Sale Price

Median Days on Market by Sale Price

200

$300,000 $399,999

January 2014

200

150

150

100

100

50

50

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.


Monthly Market Detail - January 2014 Single Family Homes Lee County

New Listings by Initial Listing Price

The number of properties put onto the market during the month

New Listings

Economists' note: In a recovering market, we expect that new listings will eventually rise as sellers raise their estimations of value. But this increase will take place only after the market has turned up, so New Listings are a lagging indicator of the health of the market. Also be aware of properties which have been withdrawn from the market and then relisted. These are not really New Listings. January 2013

400 350 300 250 200 150 100 50 0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

Less than $50,000

62

-19.5%

$50,000 - $99,999

232

-27.3%

$100,000 - $149,999

348

-3.9%

$150,000 - $199,999

246

-2.0%

$200,000 - $249,999

194

-2.5%

$250,000 - $299,999

212

7.6%

$300,000 - $399,999

245

5.6%

$400,000 - $599,999

269

8.0%

$600,000 - $999,999

157

13.8%

$1,000,000 or more

133

9.9%

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Inventory

Percent Change Year-over-Year

Less than $50,000

108

-37.2%

$50,000 - $99,999

467

-36.3%

$100,000 - $149,999

815

6.8%

$150,000 - $199,999

679

2.7%

$200,000 - $249,999

558

3.3%

$250,000 - $299,999

604

3.6%

$300,000 - $399,999

773

2.2%

$400,000 - $599,999

915

4.2%

$600,000 - $999,999

611

-5.6%

$1,000,000 or more

662

-7.4%

Current Listing Price

Economists' note: There are a number of ways to calculate Inventory, so these numbers may not match up to others you see in your market. We calculate Inventory by counting the number of active listings on the last day of the month, and hold this number to compare with the same month the following year.

Inventory

Percent Change Year-over-Year

400 350 300 250 200 150 100 50 0

The number of property listings active at the end of the month

January 2013

New Listings

January 2014

Inventory by Current Listing Price

1,000

Initial Listing Price

January 2014

1,000

800

800

600

600

400

400

200

200

0

0 Less than $50,000

$50,000 $99,999

$100,000 $149,999

$150,000 $199,999

$200,000 $249,999

$250,000 $299,999

$300,000 $399,999

$400,000 $599,999

$600,000 - $1,000,000 or $999,999 more

Produced by Florida REALTORS速 with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.


Monthly Distressed Market - January 2014 Single Family Homes Lee County

Closed Sales

January 2014

January 2013

Percent Change Year-over-Year

552

518

6.6%

$225,450

$170,000

32.6%

146

128

14.1%

$90,000

$90,500

-0.6%

47

128

-63.3%

$130,000

$100,000

30.0%

Traditional Median Sale Price Closed Sales Foreclosure/REO Median Sale Price Closed Sales Short Sale Median Sale Price

2010

2011

Traditional

2012

Foreclosure/REO

2013

Short Sale

100% 90%

Closed Sales

80% 70% 60% 50% 40% 30% 20% 10% 0% J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J $250,000

Median Sale Price

$200,000

$150,000

$100,000

$50,000

$0 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J

2010

2011

2012

2013

Produced by Florida REALTORS速 with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month. Data released on Friday, February 21, 2014. Next data release is Thursday, March 20, 2014.

Jan 2014 market report : lee county  

Jan 2014 Housing Market Report : Lee County