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FORT MYERS — The median price of an existing single-family home in the Fort Myers area rose 17% to $210,900 in July compared with the same month one year ago.
Existing single-family homes sold more quickly, too. The Realtor Association of Greater Fort Myers and the Beach reported that homes spent a median 36 days on the market before selling in July, a 25% drop from the same month in 2014.
Most notably, the association noted that Little Bokeelia Island sold in July for $14.5 million after spending 1,148 days on the market with a listing price of $24.5 million.
Meanwhile, the median price of an existing condo rose 6% to $169,500 in July compared with July 2014. Condos spent a median 47 days on the market before selling in July, a 19% drop from the same month one year ago.
In addition, the supply of existing homes available for sale continued to decline. At the current sales pace, there's only 3.6 months supply of condos and 3.8 months supply of single-family homes for sale.
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