monthly market detail - may 2015 single family homes bonita springs-estero … · 2019. 7. 24. ·...
TRANSCRIPT
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
1.8%
232 -14.7%
Percent Change
Year-over-Year
14.9%
433 -0.2%
Closed Sales
131
92.8%
4.0 19.6%
May 2015
Average Sale Price
Median Days on Market
94.5%
198
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
432
Months Supply of Inventory 4.7
Summary Statistics
Closed Sales
Paid in Cash
$539,067
May 2015
118New Pending Sales
New Listings
Median Sale Price
May 2014Percent Change
Year-over-Year
66 60 10.0%
131 114 14.9%
127 -7.1%
$425,000 $355,000 19.7%
138 119 16.0%
$460,920 17.0%
27 52 -48.1%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
January 2015 68
December 2014 99
November 2014 64
June 2014 118
May 2014 114
October 2014 101
September 2014 48
-48.2%
August 2014 77
July 2014 82
-42.1%
-36.4%
-31.4%
4.6%
1.0%
-4.7%
-56.8%
-39.6%
April 2015 136 15.3%
12.0%
-1.4%
March 2015 103
February 2015 69
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
0
50
100
150
200
250
Clo
sed
Sal
es
2011 2012 2013 2014
Closed Sales The number of sales transactions which closed during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Month Cash SalesPercent Change
Year-over-Year
May 2015 66 10.0%
April 2015 77 4.1%
March 2015 62 26.5%
February 2015 40 -7.0%
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are
far more likely to have the funds to purchase a home available up front,
whereas the typical homebuyer requires a mortgage or some other
form of financing. There are, of course, many possible exceptions, so
this statistic should be interpreted with care.
January 2015 37 15.6%
December 2014 47 -13.0%
November 2014 35 -28.6%
October 2014 41 -30.5%
September 2014 22 -40.5%
August 2014 40 -45.9%
July 2014 36 -52.0%
June 2014 61 -33.0%
May 2014 60 -52.0%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
May 2015 50.4% -4.3%
April 2015 56.6% -9.7%
March 2015 60.2% 13.0%
February 2015 58.0% -5.6%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not
paid fully in cash) each month involved some sort of financing, such as
mortgages, owner/seller financing, assumed loans, etc.
January 2015 54.4% 10.5%
December 2014 47.5% -13.8%
November 2014 54.7% 18.3%
October 2014 40.6% -27.1%
September 2014 45.8% 37.5%
August 2014 51.9% -6.6%
July 2014 43.9% -24.5%
June 2014 51.7% -2.3%
May 2014 52.6% -7.4%
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
23%
33%
43%
53%
63%
73%
83%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
0
50
100
150
Cas
h S
ale
s Monthly Market Detail - May 2015
2011 2012 2013 2014
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash
2011 2012 2013 2014
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Month
MonthPercent Change
Year-over-YearNew Listings
10.4%138April 2015
16.0%138May 2015
-54.6%
-47.1%
-7.1%
8.9%
3.3%
6.4%
3.5%149February 2015
16.7%161March 2015
-42.8%119May 2014
-55.7%90June 2014
-33.1%121July 2014
-45.0%99August 2014
-20.9%110
85
84
99
127
-51.7%
-56.7%
-25.7%150
-22.5%131
-38.2%89
4.8%195
-15.8%
-14.9%
-23.3%
-38.6%
-39.4%
133
Percent Change
Year-over-YearNew Pending Sales
118
147
156
112
80
92
97
77
May 2015
April 2015
March 2015
February 2015
January 2015Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
July 2014
June 2014
May 2014
December 2014
November 2014
October 2014
September 2014
August 2014
September 2014
October 2014
November 2014
December 2014
January 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
0
100
200
300
400
Ne
w L
isti
ngs
0
50
100
150
200
250
300
Pe
nd
ing
Sale
s Monthly Market Detail - May 2015
2011 2012 2013 2014
Bonita Springs-Estero Association of REALTORS® Single Family Homes
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month
2011 2012 2013 2014
New Listings The number of properties put onto the market during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 $400,000 22.5%
Median Sale PricePercent Change
Year-over-Year
May 2015 $425,000 19.7%
Month
March 2015 $460,000 30.1%
February 2015 $380,000 23.2%
Economists' note : Median Sale Price is our preferred summary
statistic for price activity because, unlike Average Sale Price, Median
Sale Price is not sensitive to high sale prices for small numbers of
homes that may not be characteristic of the market area.
January 2015 $397,500 18.7%
December 2014 $340,000 3.0%
November 2014 $295,200 13.1%
October 2014 $305,000 8.9%
September 2014 $291,250 1.5%
August 2014 $339,900 24.1%
July 2014 $326,500 16.6%
April 2015 $499,866 3.9%
June 2014 $366,250 10.2%
May 2014 $355,000 10.9%
Average Sale PricePercent Change
Year-over-Year
May 2015 $539,067 17.0%
Month
March 2015 $603,206 28.4%
February 2015 $505,380 25.8%
Economists' note : As noted above, we prefer Median Sale Price over
Average Sale Price as a summary statistic for home prices. However,
Average Sale Price does have its uses—particularly when it is analyzed
alongside the Median Sale Price. For one, the relative difference
between the two statistics can provide some insight into the market for
higher-end homes in an area.
January 2015 $495,942 4.3%
December 2014 $447,070 10.3%
November 2014 $383,292 -4.0%
October 2014 $431,322 3.6%
September 2014 $381,074 -11.5%
August 2014 $440,314 21.9%
July 2014 $403,949 5.6%
June 2014 $471,428 -0.9%
May 2014 $460,920 -7.0%
$210K
$310K
$410K
$510K
$610K
$710K
Ave
rage
Sal
e
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
$160K
$260K
$360K
$460K
$560K
Me
dia
n S
ale
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 44 -22.8%
Median Days on
Market
Percent Change
Year-over-Year
May 2015 27 -48.1%
Month
March 2015 47 -6.0%
February 2015 45 -32.8%
Economists' note : Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
January 2015 35 -23.9%
December 2014 38 -39.7%
November 2014 20 -52.4%
October 2014 35 -49.3%
September 2014 41 -43.8%
August 2014 52 -51.9%
July 2014 49 -53.8%
April 2015 93.4% 2.2%
June 2014 59 -53.2%
May 2014 52 -52.7%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
May 2015 94.5% 1.8%
Month
March 2015 93.5% 0.1%
February 2015 93.7% 3.2%
Economists' note : The Average Percent of Original List Price Received
is an indicator of market conditions, in that in a recovering market, the
measure rises as buyers realize that the market may be moving away
from them and they need to match the selling price (or better it) in
order to get a contract on the house. This is usually the last measure to
indicate a market that has shifted from down to up, and is another
lagging indicator.
January 2015 95.3% 1.0%
December 2014 94.3% 1.0%
November 2014 95.7% 1.1%
October 2014 93.8% 1.2%
September 2014 93.3% 0.3%
August 2014 93.6% -0.5%
July 2014 93.3% 2.0%
June 2014 92.9% 0.7%
May 2014 92.8% 1.9%
75%
80%
85%
90%
95%
100%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
d
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
0
50
100
150
Me
dia
n D
ays
on
M
arke
t
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Median Days on Market The median number of days that properties sold during the month were on the market
2011 2012 2013 2014
Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 441 -8.1%
InventoryPercent Change
Year-over-Year
May 2015 432 -0.2%
Month
March 2015 467 -7.3%
February 2015 479 -13.2%
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
January 2015 489 -17.4%
December 2014 448 -41.6%
November 2014 451 -43.1%
October 2014 419 -47.2%
September 2014 399 -51.2%
August 2014 394 -50.3%
July 2014 391 -56.2%
April 2015 4.9 20.9%
June 2014 388 -58.9%
May 2014 433 -58.1%
Months SupplyPercent Change
Year-over-Year
May 2015 4.7 19.6%
Month
March 2015 5.3 30.7%
February 2015 5.5 28.3%
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
January 2015 5.6 27.1%
December 2014 5.1 -8.8%
November 2014 5.2 -8.6%
October 2014 4.6 -17.9%
September 2014 4.4 -22.8%
August 2014 4.1 -26.5%
July 2014 3.9 -39.4%
June 2014 3.7 -45.5%
May 2014 4.0 -47.5%
200
700
1,200
1,700
2,200
Inve
nto
ry
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Inventory (Active Listings) The number of property listings active at the end of the month
2.0
7.0
12.0
17.0
22.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2011 2012 2013 2014
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
$600,000 - $999,999 49 -46.7%
$1,000,000 or more 46 -74.3%
Economists' note: Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 15 -76.6%
$200,000 - $249,999 35 59.1%
$250,000 - $299,999
$400,000 - $599,999 20 -60.8%
24 -67.1%
$300,000 - $399,999 32 -37.3%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 (No Sales) N/A
$1,000,000 or more 13 44.4%
$250,000 - $299,999 16 23.1%
$300,000 - $399,999 26 18.2%
$50,000 - $99,999 (No Sales) N/A
$100,000 - $149,999
$400,000 - $599,999 34 54.5%
$600,000 - $999,999 21 16.7%
4 -84.0%
$150,000 - $199,999 8 -27.3%
$200,000 - $249,999 8 60.0%
$100,000 - $149,999 5 -37.5%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 0 -100.0%
$50,000 - $99,999 0 -100.0%
0
50
100
150
200
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Me
dia
n D
ays
on
Mar
ket
May 2014 May 2015
0 5
10 15 20 25 30 35 40
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Clo
sed
Sal
es
May 2014 May 2015
0
50
100
150
200
0 5 10 15 20 25 30 35 40
Monthly Market Detail - May 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
Closed Sales by Sale Price The number of sales transactions which closed during the month
Median Days on Market by Sale Price The median number of days that properties sold during the month were on the market
This report describes member activity for the association and is not confined to any specific geographic area.
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
$600,000 - $999,999 85 7.6%
$1,000,000 or more 71 -1.4%
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
$150,000 - $199,999 12 -58.6%
$200,000 - $249,999 21 -27.6%
$250,000 - $299,999 24 -36.8%
$300,000 - $399,999 73 25.9%
$400,000 - $599,999 132 53.5%
$50,000 - $99,999 4 -77.8%
$100,000 - $149,999 9 -60.9%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 1 0.0%
$600,000 - $999,999 23 109.1%
$1,000,000 or more 7 -50.0%
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
$150,000 - $199,999 8 -11.1%
$200,000 - $249,999 9 -10.0%
$250,000 - $299,999 8 -33.3%
$300,000 - $399,999 32 39.1%
$400,000 - $599,999 43 168.8%
$50,000 - $99,999 0 -100.0%
$100,000 - $149,999 8 -38.5%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 0 N/A
0
20
40
60
80
100
120
140
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Inve
nto
ry
May 2014 May 2015
0
10
20
30
40
50
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Ne
w L
isti
ngs
May 2014 May 2015
0
20
40
60
80
100
120
140
0
10
20
30
40
50
Monthly Market Detail - May 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
New Listings by Initial Listing Price The number of properties put onto the market during the month
Inventory by Current Listing Price The number of property listings active at the end of the month
This report describes member activity for the association and is not confined to any specific geographic area.
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Short Sale
2 1 100.0%
$259,350 $207,500 25.0%
Foreclosure/REO
1 7 -85.7%
$132,000 $270,000 -51.1%
May 2015 May 2014Percent Change
Year-over-Year
Traditional
128 106 20.8%
$426,250 $362,000 17.7%
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Distressed Market - May 2015
Bonita Springs-Estero Association of REALTORS® Single Family Homes
2011 2012 2013 2014
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
0.6%
952 5.1%
Percent Change
Year-over-Year
-13.9%
2,915 -22.4%
Closed Sales
668
92.7%
5.4 -23.4%
May 2015
Average Sale Price
Median Days on Market
93.3%
1,001
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
2,261
Months Supply of Inventory 4.1
Summary Statistics
Closed Sales
Paid in Cash
$267,697
May 2015
623New Pending Sales
New Listings
Median Sale Price
May 2014Percent Change
Year-over-Year
418 535 -21.9%
668 776 -13.9%
619 0.6%
$190,000 $169,990 11.8%
613 601 2.0%
$239,019 12.0%
46 55 -16.4%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
January 2015 430
December 2014 588
November 2014 413
June 2014 574
May 2014 776
October 2014 471
September 2014 448
4.4%
August 2014 462
July 2014 449
-1.5%
-13.0%
11.2%
0.2%
18.3%
-3.1%
3.7%
-8.2%
April 2015 804 1.8%
9.1%
14.7%
March 2015 766
February 2015 531
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
Lee County Townhouses and Condos
200
400
600
800
1,000
Clo
sed
Sal
es
2011 2012 2013 2014
Closed Sales The number of sales transactions which closed during the month
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Month Cash SalesPercent Change
Year-over-Year
May 2015 418 -21.9%
April 2015 567 -6.7%
March 2015 528 -2.0%
February 2015 384 9.4%
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are
far more likely to have the funds to purchase a home available up front,
whereas the typical homebuyer requires a mortgage or some other
form of financing. There are, of course, many possible exceptions, so
this statistic should be interpreted with care.
January 2015 294 -8.7%
December 2014 414 13.7%
November 2014 283 -13.7%
October 2014 317 -3.1%
September 2014 282 1.4%
August 2014 302 -6.5%
July 2014 283 -20.1%
June 2014 394 12.6%
May 2014 535 -0.4%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
May 2015 62.6% -9.2%
April 2015 70.5% -8.4%
March 2015 68.9% -10.2%
February 2015 72.3% -4.6%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not
paid fully in cash) each month involved some sort of financing, such as
mortgages, owner/seller financing, assumed loans, etc.
January 2015 68.4% -8.9%
December 2014 70.4% -3.9%
November 2014 68.5% -6.0%
October 2014 67.3% 0.0%
September 2014 62.9% -2.2%
August 2014 65.4% -5.1%
July 2014 63.0% -8.1%
June 2014 68.6% 1.2%
May 2014 68.9% -4.6%
52%
62%
72%
82%
92%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
100
200
300
400
500
600
700
Cas
h S
ale
s
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Townhouses and Condos
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash
2011 2012 2013 2014
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Month
MonthPercent Change
Year-over-YearNew Listings
3.3%826April 2015
2.0%613May 2015
3.6%
-15.9%
0.6%
1.5%
-3.7%
16.9%
7.0%897February 2015
-0.6%846March 2015
-15.5%601May 2014
-4.8%596June 2014
-12.9%549July 2014
-13.2%585August 2014
-8.8%633
496
509
571
619
-10.8%
-8.9%
-16.8%767
-19.1%713
-10.4%655
-2.0%1,093
4.5%
12.3%
-4.8%
1.7%
-3.1%
891
Percent Change
Year-over-YearNew Pending Sales
623
798
961
717
513
558
588
501
May 2015
April 2015
March 2015
February 2015
January 2015Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
July 2014
June 2014
May 2014
December 2014
November 2014
October 2014
September 2014
August 2014
September 2014
October 2014
November 2014
December 2014
January 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
400
600
800
1,000
1,200
1,400
Ne
w L
isti
ngs
200
400
600
800
1,000
1,200
Pe
nd
ing
Sale
s Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Townhouses and Condos
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month
2011 2012 2013 2014
New Listings The number of properties put onto the market during the month
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 $182,000 7.1%
Median Sale PricePercent Change
Year-over-Year
May 2015 $190,000 11.8%
Month
March 2015 $185,000 14.2%
February 2015 $170,000 9.7%
Economists' note : Median Sale Price is our preferred summary
statistic for price activity because, unlike Average Sale Price, Median
Sale Price is not sensitive to high sale prices for small numbers of
homes that may not be characteristic of the market area.
January 2015 $165,000 0.1%
December 2014 $185,000 12.1%
November 2014 $167,900 15.8%
October 2014 $163,000 3.5%
September 2014 $170,500 10.0%
August 2014 $160,000 9.2%
July 2014 $159,950 14.3%
April 2015 $255,697 13.6%
June 2014 $171,000 5.6%
May 2014 $169,990 6.2%
Average Sale PricePercent Change
Year-over-Year
May 2015 $267,697 12.0%
Month
March 2015 $253,780 16.6%
February 2015 $241,089 24.0%
Economists' note : As noted above, we prefer Median Sale Price over
Average Sale Price as a summary statistic for home prices. However,
Average Sale Price does have its uses—particularly when it is analyzed
alongside the Median Sale Price. For one, the relative difference
between the two statistics can provide some insight into the market for
higher-end homes in an area.
January 2015 $216,613 -3.3%
December 2014 $235,199 11.9%
November 2014 $227,529 12.6%
October 2014 $216,309 6.2%
September 2014 $226,729 7.6%
August 2014 $214,256 13.1%
July 2014 $204,548 6.1%
June 2014 $252,449 16.3%
May 2014 $239,019 2.1%
$130K
$180K
$230K
$280K
Ave
rage
Sal
e
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
$90K
$110K
$130K
$150K
$170K
$190K
$210K
Me
dia
n S
ale
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Townhouses and Condos
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 40 -23.1%
Median Days on
Market
Percent Change
Year-over-Year
May 2015 46 -16.4%
Month
March 2015 37 -41.3%
February 2015 50 -5.7%
Economists' note : Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
January 2015 45 -11.8%
December 2014 43 -6.5%
November 2014 50 -5.7%
October 2014 53 -20.9%
September 2014 60 -27.7%
August 2014 60 -28.6%
July 2014 58 -27.5%
April 2015 93.5% 0.8%
June 2014 63 -27.6%
May 2014 55 -27.6%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
May 2015 93.3% 0.6%
Month
March 2015 94.3% 1.8%
February 2015 94.0% 1.1%
Economists' note : The Average Percent of Original List Price Received
is an indicator of market conditions, in that in a recovering market, the
measure rises as buyers realize that the market may be moving away
from them and they need to match the selling price (or better it) in
order to get a contract on the house. This is usually the last measure to
indicate a market that has shifted from down to up, and is another
lagging indicator.
January 2015 93.4% 0.4%
December 2014 93.8% 0.9%
November 2014 93.8% 1.5%
October 2014 93.1% 0.3%
September 2014 92.5% 0.7%
August 2014 92.9% 0.8%
July 2014 92.5% 0.3%
June 2014 92.7% 0.5%
May 2014 92.7% 0.4%
75%
80%
85%
90%
95%
100%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
d
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
0
20
40
60
80
100
Me
dia
n D
ays
on
M
arke
t
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Townhouses and Condos
Median Days on Market The median number of days that properties sold during the month were on the market
2011 2012 2013 2014
Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 2,516 -17.9%
InventoryPercent Change
Year-over-Year
May 2015 2,261 -22.4%
Month
March 2015 2,581 -19.1%
February 2015 2,814 -17.3%
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
January 2015 2,836 -18.6%
December 2014 2,640 -27.3%
November 2014 2,621 -28.2%
October 2014 2,601 -24.7%
September 2014 2,535 -21.6%
August 2014 2,534 -18.4%
July 2014 2,514 -18.3%
April 2015 4.5 -20.5%
June 2014 2,764 -13.8%
May 2014 2,915 -14.3%
Months SupplyPercent Change
Year-over-Year
May 2015 4.1 -23.4%
Month
March 2015 4.6 -21.7%
February 2015 5.1 -19.7%
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
January 2015 5.2 -19.5%
December 2014 4.8 -28.8%
November 2014 4.9 -28.9%
October 2014 4.8 -26.2%
September 2014 4.7 -24.6%
August 2014 4.7 -22.4%
July 2014 4.6 -23.0%
June 2014 5.0 -21.2%
May 2014 5.4 -20.6%
2,100
2,600
3,100
3,600
4,100
4,600
5,100
Inve
nto
ry
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Townhouses and Condos
Inventory (Active Listings) The number of property listings active at the end of the month
3.0
5.0
7.0
9.0
11.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2011 2012 2013 2014
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
$600,000 - $999,999 84 -12.5%
$1,000,000 or more 101 48.5%
Economists' note: Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 38 -26.9%
$200,000 - $249,999 51 -19.0%
$250,000 - $299,999
$400,000 - $599,999 65 -21.7%
33 -54.2%
$300,000 - $399,999 54 -15.6%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 36 -47.8%
$1,000,000 or more 16 6.7%
$250,000 - $299,999 63 23.5%
$300,000 - $399,999 43 -32.8%
$50,000 - $99,999 38 -11.6%
$100,000 - $149,999
$400,000 - $599,999 54 8.0%
$600,000 - $999,999 34 -15.0%
42 -14.3%
$150,000 - $199,999 138 3.0%
$200,000 - $249,999 97 -4.0%
$100,000 - $149,999 116 -24.2%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 35 -7.9%
$50,000 - $99,999 72 -44.6%
0 20 40 60 80
100 120 140 160 180
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Clo
sed
Sal
es
May 2014 May 2015
0 20 40 60 80 100 120 140 160 180
0
20
40
60
80
100
120
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Me
dia
n D
ays
on
Mar
ket
May 2014 May 2015
0
20
40
60
80
100
120
Monthly Market Detail - May 2015
Lee County Townhouses and Condos
Closed Sales by Sale Price The number of sales transactions which closed during the month
Median Days on Market by Sale Price The median number of days that properties sold during the month were on the market
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
$600,000 - $999,999 178 -12.7%
$1,000,000 or more 74 -28.8%
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
$150,000 - $199,999 396 -13.2%
$200,000 - $249,999 270 -17.4%
$250,000 - $299,999 225 -26.9%
$300,000 - $399,999 231 -25.2%
$400,000 - $599,999 269 -27.7%
$50,000 - $99,999 241 -26.3%
$100,000 - $149,999 320 -20.8%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 57 -45.2%
$600,000 - $999,999 32 39.1%
$1,000,000 or more 8 14.3%
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
$150,000 - $199,999 132 13.8%
$200,000 - $249,999 86 41.0%
$250,000 - $299,999 56 -5.1%
$300,000 - $399,999 57 -3.4%
$400,000 - $599,999 57 7.5%
$50,000 - $99,999 80 -18.4%
$100,000 - $149,999 88 -11.1%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 17 -34.6%
0
20
40
60
80
100
120
140
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Ne
w L
isti
ngs
May 2014 May 2015
0
100
200
300
400
500
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Inve
nto
ry
May 2014 May 2015
0
100
200
300
400
500
0
20
40
60
80
100
120
140
Monthly Market Detail - May 2015
Lee County Townhouses and Condos
New Listings by Initial Listing Price The number of properties put onto the market during the month
Inventory by Current Listing Price The number of property listings active at the end of the month
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Short Sale
5 11 -54.5%
$160,000 $151,000 6.0%
Foreclosure/REO
28 64 -56.3%
$79,500 $94,889 -16.2%
May 2015 May 2014Percent Change
Year-over-Year
Traditional
635 701 -9.4%
$193,000 $180,000 7.2%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Distressed Market - May 2015
Lee County Townhouses and Condos
2011 2012 2013 2014
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
2.6%
80 -23.8%
Percent Change
Year-over-Year
30.0%
295 -38.0%
Closed Sales
52
86.9%
6.2 -43.0%
May 2015
Average Sale Price
Median Days on Market
89.2%
61
Average Percent of Original List
Price Received
Pending Inventory
Inventory (Active Listings)
Month
183
Months Supply of Inventory 3.6
Summary Statistics
Closed Sales
Paid in Cash
$92,916
May 2015
44New Pending Sales
New Listings
Median Sale Price
May 2014Percent Change
Year-over-Year
44 36 22.2%
52 40 30.0%
54 -18.5%
$73,500 $73,625 -0.2%
45 46 -2.2%
$101,100 -8.1%
39 79 -50.6%
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
January 2015 53
December 2014 62
November 2014 40
June 2014 57
May 2014 40
October 2014 37
September 2014 49
-41.2%
August 2014 29
July 2014 43
-3.3%
19.4%
54.1%
65.6%
47.6%
5.7%
40.0%
17.6%
April 2015 63 -37.0%
-16.5%
0.0%
March 2015 71
February 2015 62
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
Lee County Manufactured Homes
0
20
40
60
80
100
120
Clo
sed
Sal
es
2011 2012 2013 2014
Closed Sales The number of sales transactions which closed during the month
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Month Cash SalesPercent Change
Year-over-Year
May 2015 44 22.2%
April 2015 54 -40.7%
March 2015 63 -20.3%
February 2015 54 -5.3%
Economists' note : Cash Sales can be a useful indicator of the extent to
which investors are participating in the market. Why? Investors are
far more likely to have the funds to purchase a home available up front,
whereas the typical homebuyer requires a mortgage or some other
form of financing. There are, of course, many possible exceptions, so
this statistic should be interpreted with care.
January 2015 49 63.3%
December 2014 58 48.7%
November 2014 37 27.6%
October 2014 31 -3.1%
September 2014 46 53.3%
August 2014 25 -7.4%
July 2014 38 15.2%
June 2014 52 52.9%
May 2014 36 -39.0%
MonthPercent of Closed
Sales Paid in Cash
Percent Change
Year-over-Year
May 2015 84.6% -6.0%
April 2015 85.7% -5.8%
March 2015 88.7% -4.5%
February 2015 87.1% -5.3%
Economists' note : This statistic is simply another way of viewing
Cash Sales. The remaining percentages of Closed Sales (i.e. those not
paid fully in cash) each month involved some sort of financing, such as
mortgages, owner/seller financing, assumed loans, etc.
January 2015 92.5% -1.4%
December 2014 93.5% 0.7%
November 2014 92.5% 8.4%
October 2014 83.8% -8.4%
September 2014 93.9% 9.5%
August 2014 86.2% -4.2%
July 2014 88.4% -3.6%
June 2014 91.2% -0.7%
May 2014 90.0% 3.7%
70%
75%
80%
85%
90%
95%
100%
Pct
. of
Clo
sed
Sa
les
Pai
d in
Cas
h
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
0
20
40
60
80
100
Cas
h S
ale
s
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Manufactured Homes
Cash Sales The number of Closed Sales during the month in which buyers exclusively paid in cash
2011 2012 2013 2014
Cash Sales as a Percentage of Closed Sales The percentage of Closed Sales during the month which were Cash Sales
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Month
MonthPercent Change
Year-over-YearNew Listings
1.7%60April 2015
-2.2%45May 2015
-2.4%
5.9%
-18.5%
-29.2%
-30.8%
-22.7%
-11.1%80February 2015
-14.1%67March 2015
-37.0%46May 2014
3.9%53June 2014
4.8%65July 2014
-12.3%57August 2014
3.3%62
57
34
41
54
67.6%
3.0%
-28.4%68
-29.6%57
-30.0%63
-29.2%85
26.0%
22.5%
40.4%
10.5%
64.5%
68
Percent Change
Year-over-YearNew Pending Sales
44
51
74
92
49
73
42
51
May 2015
April 2015
March 2015
February 2015
January 2015Economists' note : Because of the typical length of time it takes for a
sale to close, economists consider Pending Sales to be a decent
indicator of potential future Closed Sales. It is important to bear in
mind, however, that not all Pending Sales will be closed successfully.
So, the effectiveness of Pending Sales as a future indicator of Closed
Sales is susceptible to changes in market conditions such as the
availability of financing for homebuyers and the inventory of
distressed properties for sale.
Economists' note : In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
July 2014
June 2014
May 2014
December 2014
November 2014
October 2014
September 2014
August 2014
September 2014
October 2014
November 2014
December 2014
January 2015
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
0
50
100
150
Ne
w L
isti
ngs
0
20
40
60
80
100
120
Pe
nd
ing
Sale
s Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Manufactured Homes
New Pending Sales The number of property listings that went from "Active" to "Pending" status during the month
2011 2012 2013 2014
New Listings The number of properties put onto the market during the month
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 $70,000 7.8%
Median Sale PricePercent Change
Year-over-Year
May 2015 $73,500 -0.2%
Month
March 2015 $75,000 7.1%
February 2015 $76,500 43.7%
Economists' note : Median Sale Price is our preferred summary
statistic for price activity because, unlike Average Sale Price, Median
Sale Price is not sensitive to high sale prices for small numbers of
homes that may not be characteristic of the market area.
January 2015 $63,000 -16.0%
December 2014 $64,500 6.6%
November 2014 $65,000 -29.2%
October 2014 $75,000 25.0%
September 2014 $60,000 -17.2%
August 2014 $70,000 -4.8%
July 2014 $63,900 12.1%
April 2015 $91,121 7.7%
June 2014 $59,900 -7.7%
May 2014 $73,625 6.7%
Average Sale PricePercent Change
Year-over-Year
May 2015 $92,916 -8.1%
Month
March 2015 $90,208 5.7%
February 2015 $98,833 49.1%
Economists' note : As noted above, we prefer Median Sale Price over
Average Sale Price as a summary statistic for home prices. However,
Average Sale Price does have its uses—particularly when it is analyzed
alongside the Median Sale Price. For one, the relative difference
between the two statistics can provide some insight into the market for
higher-end homes in an area.
January 2015 $80,934 -11.7%
December 2014 $86,006 4.1%
November 2014 $86,344 -18.7%
October 2014 $86,035 1.8%
September 2014 $81,112 -5.9%
August 2014 $94,429 20.0%
July 2014 $75,023 1.5%
June 2014 $67,879 -17.0%
May 2014 $101,100 24.4%
$40K
$60K
$80K
$100K
$120K
Ave
rage
Sal
e
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
$20K
$40K
$60K
$80K
$100K
Me
dia
n S
ale
Pri
ce
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Manufactured Homes
Median Sale Price The median sale price reported for the month (i.e. 50% of sales were above and 50% of sales were below)
2011 2012 2013 2014
Average Sale Price The average sale price reported for the month (i.e. total sales in dollars divided by the number of sales)
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 38 -46.5%
Median Days on
Market
Percent Change
Year-over-Year
May 2015 39 -50.6%
Month
March 2015 37 -53.8%
February 2015 58 -37.6%
Economists' note : Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
January 2015 51 -42.7%
December 2014 56 21.7%
November 2014 58 -38.3%
October 2014 69 0.0%
September 2014 74 -27.5%
August 2014 118 45.7%
July 2014 61 -30.7%
April 2015 89.3% 3.2%
June 2014 70 1.4%
May 2014 79 -8.1%
Avg. Pct. of Orig. List
Price Received
Percent Change
Year-over-Year
May 2015 89.2% 2.6%
Month
March 2015 90.3% 4.2%
February 2015 88.8% 6.0%
Economists' note : The Average Percent of Original List Price Received
is an indicator of market conditions, in that in a recovering market, the
measure rises as buyers realize that the market may be moving away
from them and they need to match the selling price (or better it) in
order to get a contract on the house. This is usually the last measure to
indicate a market that has shifted from down to up, and is another
lagging indicator.
January 2015 91.0% 5.2%
December 2014 89.7% 5.9%
November 2014 93.0% 11.0%
October 2014 85.5% -4.5%
September 2014 87.1% 2.2%
August 2014 85.9% -0.9%
July 2014 87.6% 1.3%
June 2014 86.5% -2.9%
May 2014 86.9% 3.2%
75%
80%
85%
90%
95%
Avg
. Pct
. o
f O
rig.
Li
st P
rice
R
ece
ive
d
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
0
50
100
150
200
Me
dia
n D
ays
on
M
arke
t
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Manufactured Homes
Median Days on Market The median number of days that properties sold during the month were on the market
2011 2012 2013 2014
Average Percent of Original List Price Received The average of the sale price (as a percentage of the original list price) across all properties selling during the month
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
April 2015 194 -39.8%
InventoryPercent Change
Year-over-Year
May 2015 183 -38.0%
Month
March 2015 204 -47.8%
February 2015 223 -50.3%
Economists' note : There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
January 2015 229 -50.5%
December 2014 257 -43.3%
November 2014 258 -40.1%
October 2014 278 -33.3%
September 2014 272 -30.4%
August 2014 270 -31.5%
July 2014 292 -26.8%
April 2015 3.8 -40.7%
June 2014 281 -27.8%
May 2014 295 -29.8%
Months SupplyPercent Change
Year-over-Year
May 2015 3.6 -43.0%
Month
March 2015 3.8 -54.6%
February 2015 4.1 -59.6%
Economists' note : This is an indicator of the state of the market,
whether it is a buyers' market or a sellers' market. The benchmark for
a balanced market (favoring neither buyer nor seller) is 5.5 Months of
Inventory. Higher numbers indicate a buyers' market, lower numbers
a sellers' market.
January 2015 4.2 -61.0%
December 2014 4.8 -53.4%
November 2014 5.0 -49.2%
October 2014 5.5 -42.7%
September 2014 5.4 -40.5%
August 2014 5.5 -41.4%
July 2014 5.9 -37.4%
June 2014 5.7 -39.3%
May 2014 6.2 -38.8%
0
100
200
300
400
500
Inve
nto
ry
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Market Detail - May 2015
2011 2012 2013 2014
Lee County Manufactured Homes
Inventory (Active Listings) The number of property listings active at the end of the month
2.0
4.0
6.0
8.0
10.0
12.0
14.0
Mo
nth
s Su
pp
ly o
f In
ven
tory
2011 2012 2013 2014
Months Supply of Inventory An estimate of the number of months it will take to deplete the current Inventory given recent sales rates
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
$600,000 - $999,999 (No Sales) N/A
$1,000,000 or more (No Sales) N/A
Economists' note: Median Days on Market is the amount of time the
"middle" property selling this month was on the market. That is, 50%
of homes selling this month took less time to sell, and 50% of homes
took more time to sell. We use the median rather than the average
because the median is not particularly sensitive to sales of homes that
took an unusually large amount of time to sell relative to the vast
majority of homes in the market.
$150,000 - $199,999 38 -59.1%
$200,000 - $249,999 9 -71.0%
$250,000 - $299,999
$400,000 - $599,999 (No Sales) N/A
48 N/A
$300,000 - $399,999 (No Sales) N/A
Economists' note : Closed Sales are one of the simplest—yet most
important—indicators for the residential real estate market. When
comparing Closed Sales across markets of different sizes, we
recommend using the year-over-year percent changes rather than the
absolute counts. Realtors® and their clients should also be wary of
month-to-month comparisons of Closed Sales because of potential
seasonal effects.
Sale PriceMedian Days on
Market
Percent Change
Year-over-Year
Less than $50,000 60 -25.9%
$1,000,000 or more 0 N/A
$250,000 - $299,999 1 N/A
$300,000 - $399,999 0 N/A
$50,000 - $99,999 38 -41.5%
$100,000 - $149,999
$400,000 - $599,999 0 -100.0%
$600,000 - $999,999 0 N/A
17 -88.5%
$150,000 - $199,999 6 0.0%
$200,000 - $249,999 1 0.0%
$100,000 - $149,999 9 80.0%
Sale Price Closed SalesPercent Change
Year-over-Year
Less than $50,000 8 -11.1%
$50,000 - $99,999 27 50.0%
0
5
10
15
20
25
30
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Clo
sed
Sal
es
May 2014 May 2015
0
5
10
15
20
25
30
0
50
100
150
200
250
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Me
dia
n D
ays
on
Mar
ket
May 2014 May 2015
0
50
100
150
200
250
Monthly Market Detail - May 2015
Lee County Manufactured Homes
Closed Sales by Sale Price The number of sales transactions which closed during the month
Median Days on Market by Sale Price The median number of days that properties sold during the month were on the market
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
$600,000 - $999,999 0 -100.0%
$1,000,000 or more 2 N/A
Economists' note: There are a number of ways to calculate Inventory,
so these numbers may not match up to others you see in your market.
We calculate Inventory by counting the number of active listings on the
last day of the month, and hold this number to compare with the same
month the following year.
$150,000 - $199,999 26 18.2%
$200,000 - $249,999 8 -11.1%
$250,000 - $299,999 2 -33.3%
$300,000 - $399,999 4 0.0%
$400,000 - $599,999 1 N/A
$50,000 - $99,999 76 -47.6%
$100,000 - $149,999 44 -21.4%
Current Listing Price InventoryPercent Change
Year-over-Year
Less than $50,000 20 -63.6%
$600,000 - $999,999 0 N/A
$1,000,000 or more 0 N/A
Economists' note: In a recovering market, we expect that new listings
will eventually rise as sellers raise their estimations of value. But this
increase will take place only after the market has turned up, so New
Listings are a lagging indicator of the health of the market. Also be
aware of properties which have been withdrawn from the market and
then relisted. These are not really New Listings.
$150,000 - $199,999 6 50.0%
$200,000 - $249,999 2 N/A
$250,000 - $299,999 2 N/A
$300,000 - $399,999 1 N/A
$400,000 - $599,999 1 N/A
$50,000 - $99,999 13 0.0%
$100,000 - $149,999 11 -21.4%
Initial Listing Price New ListingsPercent Change
Year-over-Year
Less than $50,000 9 -40.0%
0 2 4 6 8
10 12 14 16
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Ne
w L
isti
ngs
May 2014 May 2015
0 20 40 60 80
100 120 140 160
Less than $50,000
$50,000 - $99,999
$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999
$400,000 - $599,999
$600,000 - $999,999
$1,000,000 or more
Inve
nto
ry
May 2014 May 2015
0 20 40 60 80 100 120 140 160
0 2 4 6 8 10 12 14 16
Monthly Market Detail - May 2015
Lee County Manufactured Homes
New Listings by Initial Listing Price The number of properties put onto the market during the month
Inventory by Current Listing Price The number of property listings active at the end of the month
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
Closed Sales
Median Sale Price
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
Produced by Florida REALTORS® with data provided by Florida's multiple listing services. Statistics for each month compiled from MLS feeds on the 15th day of the following month.
Data released on Monday, June 22, 2015. Next data release is Wednesday, July 22, 2015.
Short Sale
0 1 -100.0%
(No Sales) $23,000 N/A
Foreclosure/REO
2 1 100.0%
$55,500 $45,500 22.0%
May 2015 May 2014Percent Change
Year-over-Year
Traditional
50 38 31.6%
$76,000 $77,250 -1.6%
$0
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
Me
dia
n S
ale
Pri
ce
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Clo
sed
Sal
es
Traditional Foreclosure/REO Short Sale
2011 2012 2013 2014
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M
Monthly Distressed Market - May 2015
Lee County Manufactured Homes
2011 2012 2013 2014