Home sales soar despite storms

23% price gain in '04

The cost of an existing house in Lee County soared 23 percent last year to a median price of $192,100. The year also ended with record sales, despite four hurricanes. The figures for just the month of December were even higher: The median price rose 33 percent to $221,200 — compared to December 2003's price of $166,200.

But the red-hot market is taking its toll on those trying to buy moderately priced houses, said real estate agent Denny Grimes, of VIP Realty. "If you're looking for a home in the under-$250,000 range, There is none."

Overall, Grimes said, there are fewer homes available than there were a year ago in all price ranges except $1 million and up: 426 of those are for sale and only 182 were sold last year.

Home sales soar despite storms [News-Press]

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