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FOR IMMEDIATE RELEASE Media Contact: Doreen Herring Email: doreen@swflrealtors.com Phone: 239/936-3537, ext. 240 (July 22, 2013 – Fort Myers, FL) Sales of existing homes (all types combined) that closed in Lee County in June totaled 1,568, a decrease of 4.3 percent compared to June 2012. Singlefamily home sales decreased 3.8 percent in June 2013 compared to June 2012, while condo sales decreased 5.5 percent. Compared to June of 2012, the number of single family short sales (101) decreased 43.9 percent and the number of foreclosures (124) decreased 35.1 percent. The number of completed traditional single family sales (827) is a 14.5 percent increase compared to last year. In June, short sales and foreclosures made up 21.4 percent of the total single family home sales, while traditional sales made up 78.6 percent. Last year in June, those percentages were 34.0 percent and 66.0 percent, respectively. The median price of existing homes sold in Lee County during the month of June rose 32.1 percent — to $185,000 — when compared to June 2012 and 4.9 percent compared to May 2013. Lee  County’s median price has risen 30.7 percent since January of 2013. In addition to the overall median increase, each property type experienced a year-to-year median price increase in June, with short sales leading the way with a 39.0 percent jump. The median price of foreclosures increased 20.0 percent and the median price of traditional sales increased 23.5 percent. "Lack of inventory (especially below $100,000) is continuing to drive prices up as first time buyers  are  competing  with  investors  for  available  properties,”  said  Doreen  Falcone,  President  of   the Realtor® Association of Greater Fort Myers and the Beach. "A third of closed sales in June were in the $50,000 - $200,000 price tiers. Not only are first time homebuyers looking to purchase a home, but many current homeowners recognize that they need to act now before affordability  and  interest  rates  rise  further.” New pending sales of existing single family homes – those under contract and awaiting closing – are currently at 1,154. The number of pending single family home sales in June 2013 is 17.5 percent higher than it was in June 2012 (982) and 21.2 percent lower than it was in May 2013 (1,465).

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


Single family homes of all types spent a median of 57 days on the market before coming under contract in June 2013, and the average home sold for 93.8 percent of its listing price. In June 2012 those numbers were 56 days and 93.4 percent, respectively. The number of existing homes (all types combined) available for purchase in Lee County is 13.8 percent below that of June 2012 and is now 8,164. Inventory decreased in number by 450 properties from last month, or a decline of 5.2 percent. The inventory of single-family homes is down by 14.0 percent when compared to June of 2012, and condo and townhouse inventory is down by 13.5 percent. Current inventory combined with the current pace of sales created a 5.1-month supply of single family homes in Lee County for June and a 6.4-month supply of condos. Last June, there was a 5.5-month supply of existing single family homes and a 7.8-month supply of condos. 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


Monthly Market Summary - July 2013 Single Family Homes Lee County July 2013

July 2012

Percent Change Year-over-Year

1,005

941

6.8%

520

526

-1.1%

New Pending Sales

1,149

922

24.6%

New Listings

1,466

1,399

4.8%

Median Sale Price

$163,000

$135,000

20.7%

Average Sale Price

$244,852

$213,621

14.6%

49

49

0.0%

Avg. Percent of Original List Price Received

93.8%

93.2%

0.6%

Pending Inventory

2,303

(No Data)

N/A

Inventory (Active Listings)

4,924

5,668

-13.1%

Months Supply of Inventory

5.0

5.5

-8.9%

Closed Sales Cash Sales

Median Days on Market

1,900

2009

2010

2011

2012

2013

Closed Sales

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 F M A M J J

Median Sale Price

$210K $190K $170K $150K $130K $110K $90K $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 F M A M J J 12,000

Total Inventory

11,000 10,000 9,000 8,000 7,000 6,000 5,000 4,000 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 F M A M J J

2009

2010

2011

2012

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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.

2013


Monthly Distressed Market Summary - July 2013 Single Family Homes Lee County

Closed Sales

July 2013

July 2012

Percent Change Year-over-Year

750

626

19.8%

$190,500

$162,000

17.6%

161

152

5.9%

$113,299

$85,125

33.1%

94

163

-42.3%

$119,000

$92,000

29.3%

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

2009

2010

Traditional

2011

Foreclosure/REO

2012

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 F M A M J J $250K

Median Sale Price

$200K

$150K

$100K

$50K

$0K 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 F M A M J J

2009

2010

2011

2012

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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.

2013


Monthly Market Detail - July 2013 Single Family Homes Lee County July 2013

July 2012

Percent Change Year-over-Year

1,005

941

6.8%

Paid in Cash

520

526

-1.1%

New Pending Sales

1,149

922

24.6%

New Listings

1,466

1,399

4.8%

Median Sale Price

$163,000

$135,000

20.7%

Average Sale Price

$244,852

$213,621

14.6%

49

49

0.0%

Average Percent of Original List Price Received

93.8%

93.2%

0.6%

Pending Inventory

2,303

(No Data)

N/A

Inventory (Active Listings)

4,924

5,668

-13.1%

Months Supply of Inventory

5.0

5.5

-8.9%

Closed Sales

Percent Change Year-over-Year

1,005 1,052 1,255 1,197 1,150 903 774 1,000 860 891 819 896 941

6.8% -3.8% 6.7% 1.4% -9.1% -10.7% -12.3% 7.1% -2.6% -1.5% -19.4% -17.9% -9.3%

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

2009

2010

2011

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

2013

1,600 1,400 1,200 1,000 800 600 J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J J A S O N D J F MAM J 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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.


Monthly Market Detail - July 2013 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

2009

2010

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

2011

Cash Sales

Percent Change Year-over-Year

520 523 675 665 663 542 437 622 466 529 484 494 526

-1.1% -15.9% -5.3% -7.5% -18.1% -19.0% -26.7% 7.8% -16.9% -3.8% -18.4% -28.2% -18.2%

2012

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 F M A M J J

Month

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.

79%

2009

2010

2011

Percent of Closed Sales Paid in Cash

Percent Change Year-over-Year

51.7% 49.7% 53.8% 55.6% 57.7% 60.0% 56.5% 62.2% 54.2% 59.4% 59.1% 55.1% 55.9%

-7.4% -12.6% -11.3% -8.7% -10.0% -9.3% -16.4% 0.7% -14.7% -2.3% 1.3% -12.6% -9.8%

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

2013

69% 59% 49% 39% 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 F M A M J 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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.


Monthly Market Detail - July 2013 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. 2009

Pending Sales

1,900

2010

New Pending Sales

Percent Change Year-over-Year

1,149 1,154 1,465 1,508 1,500 1,421 1,365 1,018 1,066 1,092 915 925 922

24.6% 17.5% 34.9% 10.6% 10.9% 15.9% 22.2% 14.4% 22.7% 21.5% -0.4% -14.0% -2.3%

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

2011

2012

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 F M A M J 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

3,700

2009

2010

2011

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

New Listings

Percent Change Year-over-Year

1,466 1,401 1,449 1,564 1,622 1,730 2,145 1,408 1,546 1,774 1,404 1,565 1,399

4.8% -5.1% -11.3% -3.0% -10.9% -6.5% -1.3% -4.2% -13.1% -1.3% -13.2% -10.7% -12.0%

2012

2013

3,200 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 F M A M J 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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.


Monthly Market Detail - July 2013 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

2009

2010

Median Sale Price

Percent Change Year-over-Year

$163,000 $185,000 $176,333 $185,000 $170,000 $155,000 $141,500 $142,750 $140,000 $140,000 $135,000 $130,000 $135,000

20.7% 32.1% 21.6% 28.8% 26.0% 22.0% 20.5% 19.0% 27.3% 27.3% 22.7% 30.0% 28.6%

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

2011

2012

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 F M A M J 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.

$320K

2009

2010

2011

Average Sale Price

Percent Change Year-over-Year

$244,852 $271,896 $288,547 $305,319 $268,262 $277,160 $240,023 $239,186 $213,011 $211,608 $227,525 $194,235 $213,621

14.6% 17.1% 16.7% 23.8% 13.7% 32.3% 12.6% 27.0% 20.2% 17.9% 27.4% 11.5% 14.2%

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

2013

$270K $220K $170K $120K 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 F M A M J 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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.


Monthly Market Detail - July 2013 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

2009

2010

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

2011

Median Days on Market

Percent Change Year-over-Year

49 57 60 59 54 57 57 51 45 50 56 49 49

0.0% 1.8% 7.1% -1.7% -12.9% -9.5% -9.5% -1.9% -4.3% 4.2% 14.3% 6.5% 0.0%

2012

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 F M A M J J

Month

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.

100%

2009

2010

2011

Avg. Pct. of Orig. List Price Received

Percent Change Year-over-Year

93.8% 93.8% 93.0% 93.7% 93.6% 93.0% 93.7% 93.4% 93.7% 93.2% 93.0% 94.2% 93.2%

0.6% 0.4% 0.1% 0.6% 1.7% 0.6% 1.6% 0.9% 0.8% 0.2% -0.4% 1.8% 1.0%

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

2013

95% 90% 85% 80% 75% 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 F M A M J 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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.


Monthly Market Detail - July 2013 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.

12,800

2009

2010

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

2011

Inventory

Percent Change Year-over-Year

4,924 4,955 5,213 5,677 6,107 6,420 6,448 6,147 6,083 5,990 5,764 5,746 5,668

-13.1% -14.0% -11.6% -6.5% -6.5% -4.5% -4.6% -4.6% -6.9% -5.6% -7.1% -8.2% -11.6%

2012

2013

Inventory

10,800 8,800 6,800 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 F M A M J 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

16.0

2009

2010

2011

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

Months Supply

Percent Change Year-over-Year

5.0 5.1 5.3 5.8 6.3 6.5 6.5 6.1 6.1 6.0 5.8 5.7 5.5

-8.9% -8.6% -5.4% 0.9% 2.6% 5.6% 6.0% 6.4% 6.7% 8.6% 7.3% 4.6% -0.7%

2012

2013

14.0 12.0 10.0 8.0 6.0 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 F M A M J 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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.


Monthly Market Detail - July 2013 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.

Closed Sales

Closed Sales

Percent Change Year-over-Year

Less than $50,000

43

-35.8%

$50,000 - $99,999

180

-33.3%

$100,000 - $149,999

219

21.7%

$150,000 - $199,999

156

27.9%

$200,000 - $249,999

119

32.2%

$250,000 - $299,999

80

56.9%

$300,000 - $399,999

81

9.5%

$400,000 - $599,999

73

82.5%

$600,000 - $999,999

33

73.7%

$1,000,000 or more

21

-25.0%

Sale Price

250

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

$400,000 $599,999

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.

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

Median Days on Market

Percent Change Year-over-Year

Less than $50,000

43

87.0%

$50,000 - $99,999

29

-3.3%

$100,000 - $149,999

27

-32.5%

$150,000 - $199,999

37

-31.5%

$200,000 - $249,999

50

-33.3%

$250,000 - $299,999

76

5.6%

$300,000 - $399,999

90

18.4%

$400,000 - $599,999

124

20.4%

$600,000 - $999,999

174

-24.0%

$1,000,000 or more

163

40.5%

Sale Price

Median Days on Market by Sale Price

Median Days on Market

$300,000 $399,999

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

$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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.


Monthly Market Detail - July 2013 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.

New Listings

Percent Change Year-over-Year

Less than $50,000

71

-14.5%

$50,000 - $99,999

252

-23.2%

$100,000 - $149,999

287

16.2%

$150,000 - $199,999

182

11.7%

$200,000 - $249,999

137

-2.1%

$250,000 - $299,999

118

14.6%

$300,000 - $399,999

175

43.4%

$400,000 - $599,999

136

32.0%

$600,000 - $999,999

62

8.8%

$1,000,000 or more

46

-13.2%

350 300 250 200 150 100 50 0

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

$300,000 $399,999

$400,000 $599,999

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.

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

Inventory

Percent Change Year-over-Year

Less than $50,000

157

-32.3%

$50,000 - $99,999

545

-43.8%

$100,000 - $149,999

634

-10.1%

$150,000 - $199,999

483

-13.1%

$200,000 - $249,999

403

-16.9%

$250,000 - $299,999

412

-4.0%

$300,000 - $399,999

602

0.5%

$400,000 - $599,999

661

5.9%

$600,000 - $999,999

473

-8.2%

$1,000,000 or more

554

0.2%

Current Listing Price

Inventory by Current Listing Price

Inventory

Initial Listing Price

700 600 500 400 300 200 100 0

700 600 500 400 300 200 100 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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.


Monthly Market Detail - July 2013 Single Family Homes Lee County

Closed Sales

July 2013

July 2012

Percent Change Year-over-Year

750

626

19.8%

$190,500

$162,000

17.6%

161

152

5.9%

$113,299

$85,125

33.1%

94

163

-42.3%

$119,000

$92,000

29.3%

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

2009

2010

Traditional

2011

Foreclosure/REO

2012

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 F M A M J 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 F M A M J J

2009

2010

2011

2012

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 Wednesday, August 21, 2013. Next data release is Thursday, September 19, 2013.

2013


July lee county single family homes 2013 07 complete