Greater Fort Myers Real Estate
Information, opinions and tips about Southwest Florida real estate
If you’re looking for a good real estate investment, Cape Coral duplexes and multi-families may be the way to go. While the city’s not as populated as nearby Fort Myers, Cape Coral does offer a prime location and a relatively more affordable price point.
The master-planned and charming single-family home community at Ponza at The Colony is carefully designed with attention to detail and use of the finest materials in its construction. Ponza at The Colony is located within the exclusive gates of The Colony Golf and Bay Club within a stunning 800 acres, featuring an 18-hole golf course, country club, tennis, private beach park and spa and fitness center.
As U.S. housing recovers, Canadians are playing a big role in buying Fort Myers real estate. Market watchers say bargain-hunting Canadians are eyeing potential investment or getaway properties in Southwest Florida as home prices in the U.S. are showing fresh signs of recovery.
Fort Myers has been named one of the Top 5 beach towns to buy property, according to Investopedia. There are many good deals on real estate in Fort Myers with its prime location near the Gulf Beaches, good weather and air quality, low cost of living and affordable home prices. Fort Myers is an ideal place for 2nd home ownership with value-driven prices making it an achievable goal for so many.
The Fort Myers real estate market went in to see the doctor today for its annual check-up. The doctor poked, prodded, measured……ran all the usual tests and proclaimed, “you look good and healthy to me.” The Fort Myers real estate market sheepishly asked back, “what about the cancer, triple bypass and renal failure that I suffered in 2007, 2008 and 2009……I was in very rough shape.”
From Palm Beach Gardens and Miami on the southeast coast to Naples, Fort Myers and Cape Coral on the Gulf Coast, the market is quickly rebounding as real estate investors flip homes successfully with quick turnarounds within 6 months.
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.
With over 400 miles of canals, Cape Coral has a significant amount of water front real estate. From Riverfront estate homes to condos on gulf access canals and modest single-family homes on freshwater lakes, Cape Coral has a waterfront home for nearly every lifestyle or budget.
Since its early beginnings, Cape Coral has been an attractive location for real estate investors. With relatively affordable property prices, a tight rental inventory and a growing pool of renters, it is possible for real estate investors to generate positive cash flow for their Cape Coral investments. Much of the housing stock in Cape Coral is not inside the gates of a communities with high HOA fees that eat into investor returns.
The common theme from our team this past quarter was that buyer expectations were not aligned with the realities of the real estate market here in Fort Myers. Many out-of-town buyers showed up expecting to “steal” a foreclosed or short sale property for a HUGE discount off the asking price.[…]
Short sales can offer real value for buyers of Fort Myers area real estate. Often short sale properties are in good shape as the owner is living in the home and cooperating with the lender. Many of our buyers are finding good value in the short sale sector of the market right now.
Based on data from realtor dot com listings, AOL Real Estate has identified the Fort Myers market as having the 8th highest real estate price increases in the country for the 12-month period ending February 2012. The 12-month median price increase for Fort Myers weighed in at 15.59%.