New casitas are currently under construction at Paseo in Fort Myers. After reading the headline and this first sentence, you are most likely thinking…..what the heck is a casita?? Webster’s Dictionary defines casita as a small house.
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The common theme from our team this past quarter was that buyer expectations were not aligned with the realities of the real estate market here in Fort Myers. Many out-of-town buyers showed up expecting to “steal” a foreclosed or short sale property for a HUGE discount off the asking price. The reality of the market [...]
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The most expensive home to sell in Lee County, Florida during March 2012 was a single-family home located in the John R Dickeys subdivision in Captiva. This 7,203 SF bayfront home is located at 15867 Captiva Drive, Captiva, FL and features 7 BR / 7.5 BA. The selling price was $3.25M / $451 SF, which was 54% of the asking price.
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Our team is seeing a significant growing interest in Fort Myers area active adult communities from baby-boomer aged home buyers. This experience in the trenches echoes a recent Sarasota Herald-Tribune story titled Baby boomers redefine the terms of retirement, about the growing interest in active-adult communities.
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In a report compiled by Trulia, the Fort Myers/Cape Coral MSA led the nation in real estate price increases for the 12-month period ending March 2012. The Trulia report analyzed year-over-year asking prices and our MSA topped the charts with a 14.8% increase in asking prices.
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Short sales can offer real value for buyers of Fort Myers area real estate. Often short sale properties are in good shape as the owner is living in the home and cooperating with the lender. Many of our buyers are finding good value in the short sale sector of the market right now.
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CNN/Money ranked Cape Coral/Fort Myers region as the 3rd fastest growing MSA in the nation for the decade of 2000-2010 with a growth rate of 60.8%. Cape Coral/Fort Myers closely trailed Charlotte (64.6%) and Raleigh (63.4%) for top national growth rates.
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In a city of approximately 155,000 residents, Cape Coral is home to less than 20 gated communities. This limited number of gated communities is significantly different from neighboring Southwest Florida cities like Fort Myers, Estero and Naples where gated communities dominate the residential landscape. Prospective buyers searching for available homes in Cape Coral’s gated communities [...]
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Based on data from realtor dot com listings, AOL Real Estate has identified the Fort Myers market as having the 8th highest real estate price increases in the country for the 12-month period ending February 2012. The 12-month median price increase for Fort Myers weighed in at 15.59%.
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