The median sales price of an existing single-family home in Lee County rose 11.4 percent in May to $217,250 from a year earlier, according to statistics released by the Realtor Association of Greater Fort Myers and the Beach.
Meanwhile, the number of sales rose 1.2 percent to 1,308 in the same period.
Sales in the $400,000-$599,999 range were up 25 percent for single-family homes, the strongest showing for any price point as the number of lower-priced sales fell sharply.
Houses less than $50,000 fell 47.7 percent to 23; $50,000-$99,999 were off 32.6 percent to 122; and $100,000-$149,999 sales were off 6.7 percent to 237.
Estero was the strongest sub-market with 70 sales, a 42.9 percent increase from May 2014.|
Fort Myers Beach had the biggest decline: down 55.6 percent to 16 sales.
All-cash sales dropped 21.2 percent to 536, but traditional sales were up 11.4 percent to 1,120 – continuing to edge out foreclosure sales (down 34.3 percent to 161) and short sales (down 37.2 percent to 27).