Sanibel real estate blog: Florida’s housing market continues upward trend

Florida’s housing market continues on a upward trend as the June numbers just released indicate.

The state median price for a single family home is up 15.1% (from last June) at $175,000. How does Lee County compare? Our current median price is $185,000- that’s up 32% from last year! Single-family home sales are down slightly, 5.5%, at 1093 in June 2013. In the  U.S, the numbers slipped a bit, a mere 1.2% but still remain at a 3+year high. An interesting comparision is the median price in other locations: California:$428,500, Massachusetts: $350,050, Maryland : $284,481. Florida property continues to be a good value, and you get a good dose of sunshine along with your purchase!

Condo sales statewide are down slightly, 2.5%, at 9136 this June, but the median price is up 18.2% at $130,000.

The mortgage rates are up slightly- 4.06 this June compared to 3.68 last June.  It looks like it is time to buy your Florida property.

If you have an interest in Sanibel real estate– check out our website at www.chuckandrews.comJoewoodaerial or give us a call anytime at 239-849-3396.

Leave a Reply