The 524-acre master-planned community of Sandoval is the shining star of the Cape Coral real estate market. New construction home sales at Sandoval were up 74% in 2011 over the previous year with a total of 120 transactions. New home permits at Sandoval in 2011 accounted for 44% of all the building permits issued in Cape Coral.
The Godfather of Lee County real estate values, Property Appraiser Ken Wilkinson, plays the straight man in this NBC-2 video about rising home prices in Lee County. I am highly confident that Ken knows exactly how much prices have gone up…..but doesn’t want to preempt his annual day in the spotlight when he releases this years valuations.
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The Fort Myers River District High-rise market continues to be one of the most active segments of our market. In 2011, 117 units sold in the six riverfront high-rise developments per data compiled from the Greater Fort Myers and the Beach MLS.
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Sanibel Island topped legendary travel destinations including Bali, Paris and St. Johns as Arthur Frommer’s 2012 favorite places to visit in the world. It is easy to fall in love with Sanibel during a visit to this beautiful barrier reef island.
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On average it cost just over $21,000 more to purchase a home in the Fort Myers area in 2011 than it did in 2009 with average selling prices increasing from $132,068 to $153,021. This increase of 15.87% in the average selling price is among the highest in the nation for the 2009 – 2011 time period.
[more] →The remaining homesites in Phase Three of Cape Coral’s Sandoval community have been acquired from Bonita Bay Group by Arizona-based builder Taylor Morrison.
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We often get asked, what will the bank take for that property…..will they accept an offer of 50% of the asking price? Unfortunately the answer is no, banks are not considering those type of low-ball offers.
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The highest priced home to sell in Cape Coral in 2011 was a riverfront home located on Riverside Drive in the Yacht Club section of the Cape. This 10,500 Sq. Ft. home sold for $2,900,000. In 2011, there were 12 residential home sales in the Cape over a $1m and all were single-family homes.
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TripAdvisor has named Fort Myers as the #3 Destination on the Rise in its most recent survey of travel destinations. Fort Myers garnered the top ranking in Florida and only trailed Nashville and Austin on the national scale.
[more] →Fort Myers MLS Map Search
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