Fort Myers heads the list of “Top 20 Cities for Foreclosure Discounts,” according to an analysis by RealtyTrac. While the housing market continues to recover into 2014, there are still good deals to be found on foreclosed homes with built-in equity in Fort Myers as well as many other parts of the U.S. Fort Myers had 203 foreclosure sales for the period June-November 2013. The average price of the home was $135,409, which was 65% less than the average assessed value of $254,526.

Fort Myers Leading Nation in Foreclosure Discounts

Fort Myers was cited in a recent CNN/Money article as one of seven US markets with half-priced McMansions. The Fort Myers area was heavily impacted by the housing market downturn and it is not uncommon to find homes selling for half their peak bubble value.

Fort Myers: Half-priced McMansions

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.

Canadians Targeting Fort Myers Real Estate

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.

Fort Myers Real Estate Prices Going Up

Canadians, Granadians, Australians and Botswanians (maybe not but it rhymes!) and residents of the entire global community are targeting our very own Cape Coral as a place to invest in real estate. As covered by Wink News, Trulia recently reported that Cape Coral was the third most popular US city after Los Angles and New York for foreign investment. This is quite remarkable as Cape Coral and its 154,000 residents is dwarfed by New York and its population of around 8 million and LA with just under 4 million citizens.

Foreign Investors Targeting Cape Coral Real Estate