Southwest Florida Real Estate – Record Breaking Year
Sales of existing homes in Lee County ended the decade with a bang — a record 16,260 were sold with the assistance of a Realtor in 2009, according to statistics released Monday by the Florida Association of Realtors.
That shattered the old record of 12,123 set in 2005 at the top of the residential real estate boom that collapsed the following year.
Meanwhile, prices were moving in the opposite direction. The median sales price for an existing house was $278,200 in 2005 but only $90,400 in 2009.
During Quarter 4, the median price for traditional sales was $135,000 (a 3.5% decrease from the prior quarter), for bank-owned sales it was $69,900 (up 2.7%) and the median price for short sales was $94,950 (up 6.6% from last quarter).