The Cape Coral-Fort Myers area was ranked fourth nationally as a retirement destination in a study just released by Portfolio.com. Our region was second in Florida only trailing Bradenton-Sarasota in the Sunshine State. This designation is a significant coup for our battered real estate market as it validates the overwhelming sense of value many are seeing in the market.
[more] →
The Associated Press ran a story yesterday titled Where fewer foreclosures are now bad for business which featured Lee County and detailed how the slowdown in the foreclosure pipeline is bad for business. The irony of this premise is thick enough to cut with a knife…..yes our economy has become dependent on foreclosure transactions to keep sputtering along.
[more] →The Washington Post covers the Southwest Florida foreclosure crisis with a powerful photo essay detailing some of the challenges in the market. At present, nearly 2/3 of our real estate transactions involve either bank-owned foreclosure or short sale listings. Valuations for distressed properties have in many cases dropped to levels below half of what these properties sold for during the real estate boom.
[more] →The latest Brookings Institute State of Metropolitan America Report has some very interesting data regarding the Cape Coral-Fort Myers Metropolitan Statistical Area (MSA). This area is categorized as a Mid-Sized Magnet with similar characteristics (high growth, low diversity, low education) as cities including: Baton Rouge, LA; Boise, ID; Greenville, SC; Jacksonville, FL; Little Rock, AR and Oklahoma City, OK.
Some of the key indicators about the Cape Coral – Lee County including our ranking out of the top 100 MSAs:
[more] →Active adult communities are quite popular in Southwest Florida and offer an exciting lifestyle option for many of our residents.
With an extensive schedule of activities, Fort Myers 55+ communities help newcomers quickly acclimate to their new community. It is easy to quickly meet other residents with similar interests and hobbies. Social activities, sports and crafts are among the more popular items available in these 55+ communities.
[more] →One of the most succinct ways to summarize our real estate market in Southwest Florida is that right now it is a good time to be a buyer and a challenging time to be a seller.
A Forbes study ranks the Cape Coral-Fort Myers market at -8% for home-equity-to-home-value, the second worst in the nation. This current underwater position is a dramatic a shift from the 68% home-equity-to-home-value that Southwest Floridians enjoyed in 2006.
[more] →Canadian buyers are very active in the real estate market here in Southwest Florida. At this time, approximately 7% of our website traffic originates in Canada and over 10% of our transaction in the last year have been with Canadian buyers.
[more] →1. Boating – 400+ miles of navigable canals
2. Weather – average annual temperature of 75 degrees
ABC-7 reports that a German shepherd named Snoop is being trained to identify Chinese drywall.
[more] →Fort Myers MLS Map Search
recent comments