Lee prices....going up

Sky-high Naples driving the Bonita and Estero markets

Results of a study by the National Association of Realtors (NAR) provides further proof of the skyrocketing home prices in Lee County. What is even more astounding than the gain in single-family values since last year is that many think the NAR's estimates are low.

According to the NAR study, median single-family home prices grew to $215,700 in the first quarter of 2005 from $133,600 at the same time last year. The median price is defined as "a typical market price where half of the homes sold for more and half sold for less."

Lee home prices have no where to go ... but up [Naples Daily News]

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