Sanibel real estate blog: August Stats

Good news and not so good news with this month’s stats: Home prices are up but sales were down in August.

The median price for a single-family  home in Lee County rose to $ 182,500-that’s up 10.6% from last August’s $165,000. The number of houses sold dropped 2.8% from 1069 to 1039.

Without getting too analytical, partially the reason for fewer sales may be the lack of inventory in one part and in another: the  stat comes from resales and  not new home sales. New home sales have been going quite well in Southwest Florida- while not being included in that number.

August and September are traditionally a little off from a sales standpoint- but October is just around the corner and things will be happening again!

If you want info on Sanibel real estate or any area real estate, check out our website at www.chuckandrews.com or www.kimberleyandrews.com for listing information. Or give us a call at 239-849-3396, we love to discuss Sanibel real estate.

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