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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In a study just released by the University of Florida, confidence among Floridians in the economy soared seven index points in January to its highest level since April 2010. This rise in confidence coincides with a couple of strong months for the stock market as well as significant national coverage of an improved economy.
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In 2010, 19,372 residential properties sold in Lee County for a total of $2.6B in sales. The average listing price was $144,459 and the average selling price was $135,445. This represents an average selling price to listing price ratio of 94%. This average selling to listing ratio of 94% remains unchanged from 2009 in lee County and is an excellent barometer for buyers to keep in mind when making an offer.
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