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.
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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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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.
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Another day….another report recognizing the growing momentum of the Fort Myers-Cape Coral real estate market. The Trulia Metro Movers Report – Fall 2011 ranked the Fort Myers-Cape Coral 5th nationally in its Metro Movers Index. The Metro Movers Index is the ratio of where Americans are looking to move to vs. move away from for a given market.
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Wow, sure feels good to type “Fort Myers” and “turn-around market” in the same sentence. We are no longer the ugly-duckling poster child for the housing bust……but one of the markets leading the nation’s real estate recovery.
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With median list price increases of 34.56%, Realtor Magazine has named the Fort Myers-Cape Coral market as the top market nationally for real estate price increases for 12-month period ending September 2011. Southwest Florida dominated the price increase list with Naples and Punta Gorda also in the top five. Price increases have been driven by [...]
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The Montreal Gazette highlights the significant number of Canadians buying property right now in the State of Florida. In the 12-month period from mid-2010 to mid-2011, 10% of all homes sold in Florida were purchased by Canadians.
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UPI reports that seven of the top ten markets with real estate price increases this year are in Florida. Median prices in the Fort Myers market for August where up a whopping 33% over August 2010.
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The IV has been pulled and the hospital gown is gone as the Fort Myers real estate market passed a monumental recovery milestone last month. For the first time in over two years, more than half of our sales were conventional transactions rather than distressed short sales or foreclosures.
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