Sanibel real estate blog: MEDIAN PRICE above $200,000!

A recent report form Florida Realtors Association has April with higher median prices and more overall sales than last April. Florida realtors sold 21,385 homes in Florida, and that’s up 4.1% from last April.

And for the 29th month in a row median sales price rose for both single family homes and condos. The statewide median sales price for a single family home $175,000: up 6.1% from the previous year. The median price for condo was $ 140,500: up 9.8% from last year.

We are hanging in there in Lee County too with a median price on a single family home reaching $ 200,000 in April, that’s an 8% increase from last year and a $15,000 increase from March 2014. The median price has not been above $200,000 since 2008, when it was $205,000. The median price of condos was $170,000– that’s up 13.3% from April 2013.

This is fantastic news for the area real estate market. If you are thinking of a purchase of Sanibel real estate or anywhere around South Lee County, give Chuck Andrews a call at 239-849-3396 or check out Sanibel real estate listings at www.chuckandrews.com .

 

 

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