Wealthier residents moving to Fort Myers are coming from out of state, particularly New York, New Jersey, Ohio, Michigan and Illinois. A new migration report by the Lee County Economic Development Office points to residents moving to Lee County from within Florida had lower per capita incomes, while those moving from the “snowbird” states had higher incomes.
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.
Legislation now being debated in the Senate would allow retirees from Canada to stay up to 8 months in the U.S.—two months longer than current law—if the Immigration Reform bill passes Congress. Nine percent of Canadians who own real estate in Florida have property in the Fort Myers region, the 4th highest number in the state.
CNN/Money ranked Cape Coral/Fort Myers region as the 3rd fastest growing MSA in the nation for the decade of 2000-2010 with a growth rate of 60.8%. Cape Coral/Fort Myers closely trailed Charlotte (64.6%) and Raleigh (63.4%) for top national growth rates.
A report provided by DataQuick and analyzed by Inman News details that 81.5 percent of the Canadian real estate purchases in the Fort Myers area were made by Ontarians in the nine month period ending January 2012.
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[…]
Capital improvements including a new entryway, course upgrade and clubhouse remodel are in the works or completed at the Forest Country Club in Fort Myers. Originally developed in 1979, The Forest is one of the oldest clubs in the Fort Myers area. It features ten distinct neighborhoods with mature landscaping not found at newer clubs.
Canadians buyers have flocked to the Fort Myers area this winter in great numbers. Our team has worked with more Canadian buyers this season than any in recent memory.
In a study just released by the University of Florida, confidence among Floridians in the economy soared seven index points in January to its highest level since April 2010. This rise in confidence coincides with a couple of strong months for the stock market as well as significant national coverage of an improved economy.
While every state in the nation except Florida has had snow this year and the Northeast is having crummy weather today……we are sunny and expecting a high of 76°F today in Fort Myers. Sure beats 10°F in Minneapolis, 16°F in Montreal or 23°F in Boston today.
RSW in Fort Myers has scored a major tourism coupe landing direct flights from Denmark cities of Copenhagen and Aalborg, Denmark’s fourth largest city. European discount operator, Comefly selected RSW for its Florida destination over East Coast destinations. Currently, RSW serves Dusseldorf, Montreal and Toronto with direct International flights.
The Sarasota Herald Tribune has an in-depth view of the irony unfolding in Florida where tax laws that have traditionally stuck it to snowbirds are now actually favoring them.
The Save Our Homes Amendment, which was passed in 1993, was put in place to limit changes in home valuations for full-time homesteaded residences. The purpose of this amendment was protect Floridians from being taxed out of their homes as values increased over time.