December 2007 Lee County Economic Snapshot

December Lee County Economic Snapshot Spotlights

BUILDING PERMITS

October 2007

Total Valuation 202,165,48

Single Family $34,959,949

Multi-Family $95,877,525

Commercial $71,328,012

September 20007

Total Valuation: $118,105,813

Single Family $577,788

Multi Family $90,906,046

Commercial $26,621,979

Total Permit Valuation from September 2007 to October 2007 Increased 140.5%, the largest increase was in Commercial Permits.

The Total Permit Valuation amount was down -$16,906,290 from September 2006 to October 2007

Single Family was down -$121,744,519 or -77.7% from September 2006 to October 2007

Multi-Family was up $63,925,442 or 200.1% from September 2006 to October 2007

Commercial was up $40,912,787 or 134.5% from September 2006 to October 2007

EXISTING HOME SALES

Single Family Sales 405

Median Sales Price $239,300

Condominium Sales 105

Median Sales Price $195,800

Single Family home sales increased by 78 or +23.9% from September 2007, but fell -225 or -35.7% from September 2006 to October 2007.

Median Single Family Sales Prices increased $7,700 or + 3.3% from September 2007, but fell -$9,900 or -4.0% from September 2006 to October 2007

Condominium Sales were up by 3 or +2.9% from September 2007, but down by -40 or -27.6% from September 2006 to October 2007.

Median Condominium Sales Prices decreased -$28,600 or -12.8% from September 2007, and were also down -$74,900 or -27.7% from September 2006 to October 2007.

TOURISM

Visitors 289,717

(Source: Lee County EDO and Florida Association of Realtors)