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| Lehigh Acres Florida Median Home Price Stats - updated 08/19/09 |
Average Listing Price
$94,249 + - Up $2,022 + 2.2% w-o-w
Week ending August 12
Median Sale Price
$55,000 - Down $60,600 - / -52.4% y-o-y
The median sales price for homes in Lehigh Acres FL was $55,000 down $60,600 or 13.6%. There are 2862
Pre-Foreclosures and 3013 Bank Owned Properties in the Lehigh Acres market place as per RealtyTrac.com.
Order a property appraisal in Lehigh Acres - HERE
$94,249 + - Up $2,022 + 2.2% w-o-w
Week ending August 12
Median Sale Price
$55,000 - Down $60,600 - / -52.4% y-o-y
The median sales price for homes in Lehigh Acres FL was $55,000 down $60,600 or 13.6%. There are 2862
Pre-Foreclosures and 3013 Bank Owned Properties in the Lehigh Acres market place as per RealtyTrac.com.
Order a property appraisal in Lehigh Acres - HERE
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| Lehigh Acres Florida Market History |
Lehigh Acres is a census-designated place (CDP) in Lee County, Florida, United States.
A surge in housing prices led to a boom in Lehigh Acres new-housing construction from 2003 to 2007, peaking at
more than 6,000 new homes constructed in 2006. The number of homes built during this period exceeded the total
number of homes constructed during the preceding 50 years.
But as in much of the United States, the real-estate boom of the 2000s went bust. The median house price in the Ft.
Myers area peaked in late 2005 at $322,300. Three years later, it had plummeted to $106,900. A reliance on
construction jobs no longer available pushed the unemployment rate in the area to 13% by the summer of 2009.
Property values in Lehigh Acres dropped 25% in 2008, and another 50% in 2009.
In 1992, Lee County, with the cooperation of a new developer, declared Lehigh Acres to be blighted, which authorized
its Community Redevelopment Agency to take steps towards improving infrastructure and planning elements
neglected by the original developer. It is estimated that nearly $11 million would be needed to repave the
developments roads.
A surge in housing prices led to a boom in Lehigh Acres new-housing construction from 2003 to 2007, peaking at
more than 6,000 new homes constructed in 2006. The number of homes built during this period exceeded the total
number of homes constructed during the preceding 50 years.
But as in much of the United States, the real-estate boom of the 2000s went bust. The median house price in the Ft.
Myers area peaked in late 2005 at $322,300. Three years later, it had plummeted to $106,900. A reliance on
construction jobs no longer available pushed the unemployment rate in the area to 13% by the summer of 2009.
Property values in Lehigh Acres dropped 25% in 2008, and another 50% in 2009.
In 1992, Lee County, with the cooperation of a new developer, declared Lehigh Acres to be blighted, which authorized
its Community Redevelopment Agency to take steps towards improving infrastructure and planning elements
neglected by the original developer. It is estimated that nearly $11 million would be needed to repave the
developments roads.