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It costs significantly more today to purchase a home or condominium in Lee County than it did one year ago.

The Realtor Association Of Greater Ft. Myers And The Beach has released statistics for February which show the median price of closed sales for homes and condominiums has risen from $125,000 one year ago to $153,890 today.

During the past 12 months, total closed sales dropped almost 11% to 886 sales last month from 992 one year earlier.

Year over year, 76.6% of Lee County sales involved non-distressed properties, 13.6% were foreclosures and 9.8% were short sales.

Despite record low mortgage rates, over 60% of single family homes sold in Lee County today are purchased with cash.