Fort Myers Florida Weekly

August sales soar in Estero, drop on FMB and Pine Island


Sanibel Island saw a huge jump of 64.3 percent in sales in August. COURTESY PHOTO

Sanibel Island saw a huge jump of 64.3 percent in sales in August. COURTESY PHOTO

Lee County’s housing market saw a lot of positive change during the month of August, according to the latest statistics released by Florida Realtors and reported by the Royal Palm Coast Realtor Association.

Year-over-year, sales were up quite a bit for both single family homes and townhouses and condos. Estero was the hottest market by far.

Last month there was a 10.3 percent increase in the number of closed sales for single family homes, and a 17.9 percent increase for townhouses and condos, compared to the same time last year. Median sale prices were also up slightly for both, as well as the number of active listings. Properties spent less time on the market in August, with single family homes spending 68 days on the market and townhouses and condos spending 88 days on the market.

Broken down by cities, sales in Estero skyrocketed last month. There were 75 closed sales of single family homes, a 59.6 percent jump from 2017, when 47 closed sales were recorded. Sanibel also saw a huge jump of 64.3 percent, going from 14 closed sales in 2017 to 23 closed sales this year. Pine Island and Fort Myers Beach saw big percentage drops. However, because of the small number of sales each year, the difference is only a handful of sales.

 

 

When looking at closed sales by price point, the numbers were up for single family homes for all price ranges between $200,00 -$999,999. Homes priced $1,000,000 and up dropped slightly. For condos and townhouses, the only drop was for properties less than $50,000. The biggest jump was in the $600,000-$999,999 range, which saw an increase of 90 percent.

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