JUNE
Home of the CLHMS
TM
LEE COUNTY FLO R IDA
2022
LEE COUNTY
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | MAY 2022 Inventory
Sales
Luxury Benchmark Price 1: $925,000 $7,500,000+ $6,400,000 - $7,499,999
3 3
0
$5,400,000 - $6,399,999 $4,600,000 - $5,399,999
$3,800,000 - $4,599,999 $3,200,000 - $3,799,999
4
Total Inventory: 466 10
3
Total Sales: 215 Seller's Market
6
1
Total Sales Ratio2: 46%
13
5
18
6
$2,600,000 - $3,199,999
24
14
$2,200,000 - $2,599,999
38
12
$1,800,000 - $2,199,999
37
16
$1,600,000 - $1,799,999
26
16
$1,400,000 - $1,599,999
47
28
$1,200,000 - $1,399,999
$1,100,000 - $1,199,999
53
18
$1,000,000 - $1,099,999
16
$925,000 - $999,999
1
86
51
21
80
26
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 2,999
$1,277,500
3
3
138
318
43%
3,000 - 3,999
$1,537,500
4
4
46
84
55%
4,000 - 4,999
$2,075,000
4
5
18
36
50%
5,000 - 5,999
$3,200,000
4
6
10
14
71%
6,000 - 6,999
$2,675,000
5
6
2
7
29%
7,000+
$3,190,000
6
9
1
7
14%
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.
LEE COUNTY
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
$1,325,000
$1,350,000
$1,266,000
$1,350,000
$1,290,178
Inventory
$1,415,000 $1,275,000
$1,359,500
Solds
$1,450,000
$1,392,500
$1,300,000
$1,275,000
$1,375,000
466 224
May-21
270
255
245 143
140
96
Jun-21
Jul-21
273
254 77
Aug-21
100 Sep-21
251 90
Oct-21
226 115
Nov-21
152
Dec-21
277
240
215 109
Jan-22
124
Feb-22
351
Mar-22
215
203
195
Apr-22
May-22
MEDIAN DATA REVIEW | MAY TOTAL INVENTORY May 2021
May 2022
224
466 VARIANCE: 108 % SALE PRICE PER SQFT. May 2021
May 2022
434
538 VARIANCE: 24 %
$
$
TOTAL SOLDS May 2021
SALES PRICE
May 2022
143
215 VARIANCE: 50 %
May 2021
$
SALE TO LIST PRICE RATIO May 2021
May 2022
98.00% 99.79% VARIANCE: 2 %
1.33m
May 2022
1.38m VARIANCE: 4 % $
DAYS ON MARKET May 2021
May 2022
19
9 VARIANCE: -53 %
LEE COUNTY MARKET SUMMARY | MAY 2022 • The Lee County single-family luxury market is a Seller's Market with a 46% Sales Ratio. • Homes sold for a median of 99.79% of list price in May 2022. • The most active price band is $1,000,000-$1,099,999, where the sales ratio is 76%. • The median luxury sales price for single-family homes is $1,375,000. • The median days on market for May 2022 was 9 days, down from 19 in May 2021.
Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3
LEE COUNTY
ATTACHED HOMES
LUXURY INVENTORY VS. SALES | MAY 2022 Inventory
Sales
Luxury Benchmark Price 1: $575,000 $3,000,000+ $2,600,000 - $2,999,999
1
$2,200,000 - $2,599,999
$1,500,000 - $1,699,999
Total Inventory: 180
5 2
$1,900,000 - $2,199,999
$1,700,000 - $1,899,999
15
2
3
Total Sales: 120 Seller's Market
4
2
Total Sales Ratio2: 67%
1
5 2
3
$1,300,000 - $1,499,999
13
7 7 7
$1,100,000 - $1,299,999 4
$1,000,000 - $1,099,999
5
$900,000 - $999,999
16
12
$800,000 - $899,999
23
14
$700,000 - $799,999
$650,000 - $699,999
18
8
$600,000 - $649,999
25
13
$575,000 - $599,999
1
26
22
22
13
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 1,999
$740,000
2
2
66
117
56%
2,000 - 2,499
$819,900
3
3
25
29
86%
2,500 - 2,999
$1,410,000
3
4
20
17
118%
3,000 - 3,499
$2,450,000
4
5
1
4
25%
3,500 - 3,999
$2,595,000
3
4
7
2
350%
4,000+
$4,900,000
3
5
1
11
9%
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.
LEE COUNTY
ATTACHED HOMES
13 - MONTH LUXURY MARKET TREND 4 Sale Price
$875,000
81
104
May-21
$770,000
80
114
Jun-21
$813,000
$770,000
$749,444
Inventory
$676,250
$750,000
$770,000
Solds
$775,000
$799,000
$848,000
$790,000
146 82
68
Jul-21
98
64
Aug-21
86
54
Sep-21
88
58
Oct-21
78
49
Nov-21
71
91 54
Dec-21
64
Jan-22
79
93
75
Feb-22
109
Mar-22
$820,450
180 120
117
Apr-22
May-22
MEDIAN DATA REVIEW | MAY TOTAL INVENTORY May 2021
May 2022
81
180 VARIANCE: 122 % SALE PRICE PER SQFT. May 2021
$
May 2022
493
496 VARIANCE: 1 % $
TOTAL SOLDS May 2021
May 2022
104
120 VARIANCE: 15 %
SALE TO LIST PRICE RATIO May 2021
May 2022
98.38% 100.00% VARIANCE: 2 %
SALES PRICE May 2021
875k
$
May 2022
820k VARIANCE: -6 % $
DAYS ON MARKET May 2021
May 2022
25
6 VARIANCE: -76 %
LEE COUNTY MARKET SUMMARY | MAY 2022 • The Lee County attached luxury market is a Seller's Market with a 67% Sales Ratio. • Homes sold for a median of 100.00% of list price in May 2022. • The most active price bands are $1,700,000-$1,899,999 and $2,600,000-$2,999,999, where the sales ratio is 500%. • The median luxury sales price for attached homes is $820,450. • The median days on market for May 2022 was 6 days, down from 25 in May 2021. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
3