Lee County home resales rise 104 percent in July

By Naples Daily News staff report

Single-family home resales in Lee County increased more than 100 percent in July.

There were 1,570 sales, up from 768 in the same month a year ago, according to a report by the Florida Association of Realtors.

Of all the metro areas tracked in the report, Fort Myers-Cape Coral saw the biggest percentage increase in sales. But it also saw the largest drop in home prices.

The median home price fell 43 percent to $89,000, down from $154,900 a year ago.

Monthly numbers for Naples and Marco Island aren’t included in the report.

Condo resales were also up in Fort Myers-Cape Coral by 101 percent. There were 349, up from 174 a year ago. The median price of those sales was $133,500, down from $210,400 in the same month last year.

The numbers are based on closed transactions reported by the state’s Realtor boards and associations. The Naples and Marco Island associations no longer disclose their monthly numbers in the report. But their sales are included in statewide sales totals.