Sanibel Real Estate Blog: February Lee County update

The stats are gathered for February and it seems we have hit a bit of slump in Lee County. Closed sales in February amounted to 825 home sales and that was down 12.5% from last year.

February was however the 51st consecutive month of a median home price increase, now up to $ 216,800 (from $194,000. The new condo median price in Lee is $ 192,000.

We can probably attribute the slow start of 2016 with some real estate market jitters as the stock market to a hit in Jan and Feb. Lack of inventory could be another one. We are still quite low on product to sell in some locations. The value of the Canadian dollar is probably also effecting area  home sales.

Buying or selling Sanibel real estate, be sure to talk with real estate pro Chuck Andrews, or check out our website for all Sanibel real estate listings.

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