Top 3 Price Trends in Lee County That You Should Know About
Lee County real estate is amidst a “hot” seller’s market. A hot market is when there is more demand for property than supply. It is an excellent opportunity for sellers to get what they want and buyers to enter a market with upside potential.
Alec Salameh is a trusted Realtor with Coldwell Banker Realty, one of the world’s largest and most respected real estate companies. With all the resources Coldwell Banker provides, he looks to deliver modern, trustworthy, and highly professional real estate services to his clients. Analyzing support and resistance levels in price, supply, and demand to pinpoint trends in Lee County real estate is tricky. We have the experience and tools to do it and add value to our services for clients.
Our research uncovers a booming trend across Lee County but is especially prominent in Fort Myers, Cape Coral, and Lehigh Acres real estate. Alec Salameh realtors specialize in all locations, and now is the perfect time to let us help you get 100% of your asking price. Here is a look at three price trends showing why we (and you) should be so confident.
Rising Median Listing Home Prices
As of mid-2022, the median listing home price in the Lee County real estate market was $435K. This shows an annual rise (in the last three years) of 35.9%. When broken down by square foot, the median listing home price now stands at $261. $410K is the current median home sold price.
Median listing home prices are further highlighted in specific areas, including Fort Myers, Cape Coral, and Lehigh Acres real estate trends:
Fort Myers real estate agents find a home median price listing of 389K.
Fort Myers real estate agents break that down to a listing price per square foot of $245.
Cape Coral real estate agents find a home median price listing of $459K.
Cape Coral real estate agents break that down to a listing price per square foot of $266
Lehigh Acres real estate data shows $325K and $201 for median home price listings and listing per square foot, respectively.
100% Sale-To-List Ratio
The Sale-To-List Ratio is found by dividing the sales price of a home by the final listing price. It is converted into a percentage here. If below 100%, the house sold below the list price. Above 100% means it sold above the list price.
Lee County real estate as a whole has a 100% Sale-To-List Ratio. In other words, sellers are receiving approximately the prices they ask for.
Median Days On Market: 49
The time it takes to sell has dropped drastically since 2020, when it took just under 100 days. The current median days a property sits on the market is only 49 days.
Now Is The Time To Choose Alec Salameh For Commercial And Residential Real Estate
Lee County real estate is in a seller’s market, and the trend will only improve. We cover some of Lee County’s best areas and have Fort Myers real estate agents, Cape Coral real estate agents, and Lehigh Acres agents who can ensure you get the price you want. Gain expert help and valuable assistance from Alec Salameh.