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.
The Trulia data supports the experiences our team is having in the Fort Myers real estate trenches. Based on a total of over 70 transaction in both 2011 and Q1 2012, we have experienced a 23.7% increase in the average sale price in Q1 2012 vs. 2011. We are seeing a tremendous shift in buyer interest from distressed foreclosure deals to turnkey new construction opportunities.
We have been active blogging about various new construction opportunities currently available in the market. Here is a compilation of blog posts tagged new construction.