Lee County Real Estate Market Update
Lee County Florida is once again making headlines – and it’s good news on the real estate market. While local Real Estate Agents have known for some months that the market is turning and inventory is selling, it has taken the media a while to catch up.
“Home Sales Rises Dramatically,” was the headline in this morning’s New Press, the local daily paper for Lee County FL that reported Cape Coral-Fort Myers area home sales were up in December, 2008 a whopping 146% over the December, 2007.
And for the year end 2008, existing home sales were up 43% over 2007 year end.
Low prices are pulling buyers from across the United States, Canada, and Europe. It’s now possible to buy a condo on Fort Myers Beach for $250,000 for example. Cape Coral pool homes in the northern section of the city that have been foreclosed can be purchased for $100,000 or less.
Sailboat access homes in the SW Cape can be found for under $500,000 with some older homes in the $300,000 range.
And for the higher end buyers, as an example, a Rose Garden home on SW 11th Ave that were listed at $1,300,000 during the boom time is now listed at $749,000 – a drastic reduction from the asking price three years ago.
These are just a few examples of the excellent opportunities on the market right now. Below are links to homes for sale in the Lee County area – browse the listings to get an idea of what’s available for use the Property Organizer to search and save listings at www.SageRealtor.com.
Related post: Impressive Stats for Lee County Real Estate
Source for Statistics: Florida Association of Realtors and Fort Myers Association Multiple Listing Service.
Browse Homes for Sale at These Links (Categorized by City):