The 2012 house pricing data released by the Federal Housing Finance Agency reveals that the Cape Coral-Fort Myers metro area had the fifth highest home price appreciation in the nation. According to the data which uses home valuations from both Fannie Mae and Freddie Mac mortgages for both new purchases and refinances, our prices appreciated by 6.73% in 2012.
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On average it cost just over $27,000 more to purchase a home in the Fort Myers area in 2012 than it did in 2011 with average selling prices increasing from $153,021 to $180,082. This increase of 17.6% in the average selling price is among the highest in the nation for the 2011 – 2012 time period.
[more] →I wish that I had a dollar for every time that I get asked, what will the owner take for that property? I usually pause, rub my hands over my virtual crystal ball and proclaim once again that over the last three years over 50,000 properties have sold in Lee County and the average selling price is 94% of asking price.
[more] →The National Association of Realtors (NAR) recently published statistics regarding about the buyers and sellers of real estate in Florida. The report compares demographics of Florida buyers and homes vs. the national average utilizing 2011 NAR data. Some of the findings are very interesting including:
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In a study released by Kaz, the makers of Honeywell Air Purifiers, the Cape Coral-Fort Myers metro area was ranked 2nd nationally for having the best air quality. Our area only trailed Palm-Bay-Melbourne-Titusville metro and six of the top 25 metros for good air quality were located in Florida.
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It is time to officially declare the end of the Fort Myers real estate bubble. Why have we decided to make this bold declaration today? Lee County Property Assessor Ken Wilkinson, the Don Corleone of Fort Myers real estate values, has released his 2011 property assessment figures and values are up in Cape Coral by 3.53% and in Fort Myers by .25%.
[more] →In a recent ranking published by Inman News, the Fort Myers – Cape Coral market was ranked as the 7th best turn-around market in the nation. Our area has been been recognized as a national leader in the housing market recovery by recently by other publications including Trulia, CNN Money and AOL Real Estate.
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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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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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