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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The Fort Myers-Cape Coral market was ranked 6th nationally for the increases in the median list price of homes in the October to November 2011 time period. Median list prices increased 2.69 percent for the month
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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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