LEE COUNTY FLORIDA
LUXURY INVENTORY VS. SALES | JUNE 2024
Buyer's Market
$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
$2,200,000
$1,200,000 - $1,399,999
$1,100,000 - $1,199,999
$1,000,000 - $1,099,999
$925,000 - $999,999
Luxury Benchmark Price 1: $925,000
MEDIAN DATA REVIEW | JUNE 13 - MONTH LUXURY MARKET TREND
VARIANCE: 50 % 761 1,140 Jun. 2023 Jun. 2024 TOTAL INVENTORY VARIANCE: - 20 % 127 102 TOTAL SOLDS VARIANCE: 8 % $1.20m $1.30m SALES PRICE
VARIANCE: 2 % $486 $495 SALE PRICE PER SQFT.
VARIANCE: - 3 % 96.00% 93.58% SALE TO LIST PRICE RATIO
VARIANCE: 94 % 31 60 DAYS ON MARKET
LEE COUNTY MARKET SUMMARY | JUNE 2024
• The single-family luxury market is a Buyer's Market with a 9% Sales Ratio. • Homes sold for a median of 93.58% of list price in June 2024.
• The most active price band is $1,000,000-$1,099,999, where the sales ratio is 22%
• The median luxury sales price for single-family homes is $1,300,000.
• The median days on market for June 2024 was 60 days, up from 31 in June 2023.
$2,200,000
LUXURY INVENTORY VS. SALES | JUNE 2024
$650,000
$600,000
13 - MONTH LUXURY MARKET TREND 4
Solds
MEDIAN DATA REVIEW | JUNE
LEE COUNTY MARKET SUMMARY | JUNE 2024
• The attached luxury market is a Buyer's Market with a 10% Sales Ratio. • Homes sold for a median of 96.57% of list price in June 2024.
• The most active price band is $1,000,000-$1,099,999, where the sales ratio is 24%
• The median luxury sales price for attached homes is $785,000.
• The median days on market for June 2024 was 44 days, up from 31 in June 2023.