Wall Street Flees NY for Tax-Free Florida

From the New York Post today (Jan 28 2013):

“An increasing number of financial firms, especially private equity and hedge funds, are fed up with New York’s sky-high city and state tax rates and are relocating to the business-friendly climate in Florida… Florida is a state of choice,” said Thalius Hecksher, global development chief for Apex Fund Services… It’s organically grown. There’s no need to drag people down here. It’s a zero-income-tax jurisdiction.” There are other perks, too — like the fact that it was 77 degrees and sunny there yesterday. “You weigh all of the benefits for being here to those in New York, and they outweigh them every time,” said Evan Rapoport, CEO of HedgeCo.net.”

We say come on down! The water is warm, the sun shines every day, and Southwest Florida is open for business.

Florida’s Real Estate Market Positive Track Continues

ORLANDO, Fla. – Aug. 22, 2012 – Pending sales, closed sales and median prices rose, while the inventory of homes and condos for sale dropped in Florida’s housing market in July, according to the latest housing data released by Florida Realtors®.

Since May 2011, pending sales have increased every month for both existing single-family homes and for townhome-condo properties. In July, pending sales were up more than 42 percent for existing single-family homes and 26 percent for townhouse-condo units, compared to a year ago. Home prices are on the rise in many markets, while the inventory of homes for sale is down. Florida’s housing market is growing stronger and stronger.

Last month, the inventory for single-family homes stood at a 5.3-months’ supply; inventory for townhome-condo properties was at a 5.4-months’ supply, according to Florida Realtors. Industry analysts note that 5.5-months’ supply symbolizes a market balanced between buyers and sellers.

“We really need to recognize that over the past year, we have seen a market reversal, from a clear buyers’ market to a neutral market to one that is verging on a sellers’ market,” said Florida Realtors Chief Economist Dr. John Tuccillo.

Foreign Buyers Bullish on Florida Real Estate

From the Tampa Bay Times, June 15 2012. To the snowbirds of Canada, the sunseekers of Europe and flight capitalists of Latin America, Florida sends you all a great big Thanks! for buying homes here in such abundance.

When it comes to international buyers snapping up housing in the United States, Florida property remains the runaway favorite. The state tallied 26 percent of international sales in the country, says a new National Association of Realtors report for the year ending March 2012.

“Florida has been the fastest-growing destination of choice,” states the Profile of International Home Buying Activity 2012. Canadian snowbirds have deep ties with Florida and remain eager to leverage Canada’s strong currency in buying deeply discounted property.

Continue reading  this article at the Tampa Bay Times.

CNN Money: Home Buying Won’t Get Much Cheaper

CNN Reports Monday 05/07/12:   “With home prices down 34% nationally since 2006 and mortgage rates at historic lows, homes have never been more affordable — but it won’t stay this way for much longer. One major factor that will drive the trend is the cooling of the foreclosure crisis. Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.”

Related Post: Cape Coral – Fort Myers Leads the Nation in Home Sales with 14% Rise in Prices

Read the full CNN Article Here.

Browse current Southwest Florida Real Estate Listings here.

CNBC Reports Cape Coral – Fort Myers Fourth in Real Estate Recovery

Cape Coral – Fort Myers Real Estate #4

CNBC reports that, according to Realtor.com, some of the cities whose housing markets bore the brunt of the foreclosures are now leading the way toward recovery.

• Year-over-year Median List Price Appreciation: 31.27%
• Year-over-year Median Age of Inventory: -17.60%
• Year-over-year Inventory: -35.31%

Related links:

The Cape is Back – Home Building on the Rise

Learn more about Southwest Florida Real Estate

Cape Coral – Fort Myers Real Estate Market Upswing

Lee County real estate prices up 30% – today’s headline in the local paper (News-Press), July 21, 2011.

Closed! Congrats to Sam and Joy on Their Vacation Condo in Fort Myers

We extend a hearty thank you and congratulations to Sam and Joy of London, England on the closing of their vacation condo in Fort Myers. Overlooking the beautiful Caloosahatchee River with expansive views and gorgeous sunsets – their paradise awaits. Fun for everyone in the family with all the amenities here – golf, tennis, marina, clubhouse, walking trails… and so much more.

Lee County FL Foreclosures Down 51%

In 2010, there were 10,481 new foreclosure cases filed in Lee, down nearly 51 percent from 21,277 in 2009. Last year, monthly foreclosure filings in Lee peaked at 1,394 in February. They fell below 1,000 in April and stayed there the rest of the year, but seesawed up and down the rest of the year.

Read more at Naples News.

Florida sees increase in international buyers

NAR/FAR Study July 2010: Florida sees increase in international buyers. International buyers generally see U.S. real estate as a desirable, profitable and secure investment.

Some Highlights: 15 percent of buyers plan to use their property less than one month per year; 21 percent expect to use it one to two months; and 34 percent three to six months.

11 percent of foreign buyers bought a new home, while the remaining 89 percent purchased a previously owned home.

Canada had the largest share of buyers, accounting for 36 percent of recent sales. Buyers from the United Kingdom accounted for 15 percent, and the rest of Western Europe accounted for an additional 14 percent.

51 percent purchased a detached single-family home; 37 percent purchased a condo, 11 percent purchased a townhouse and 1 percent purchased some other type of home.

Is the Market Stabilizing?

From the Florida Realtors Association, April 22, 2010:

Existing home sales increased 24 percent last month and the median price was 4.3 percent higher than February’s statewide existing-home median price.

Florida Realtors also reported a 63 percent increase in statewide sales of existing condos in March compared to the previous year’s sales figure. The median price was 5.1 percent higher than February’s statewide existing-condo median price.

Feb 2010 Real Estate Newsletter – Fort Myers Beach

In this issue, we spotlight the popular beach destination of Fort Myers Beach, because we know our northern subscribers are ready to leave the snow behind and feel that sunshine on their faces and warmth in the bones. So here is some virtual sunshine sent with love on this Valentine’s weekend!      First, some terminology. The city of Fort Myers is the area north of Estero Island and Bonita Springs, with its dominant western shoreline along the Caloosahatchee River.    Fort Myers Beach is a separately incorporated town on the island of Estero. Fort Myers Beach’s dominant coastline on the Gulf of Mexico is a beautiful white sand beach along the entire coast and faces southwest for sunsets that never disappoint. The 7-mile long island has a wide beach and an intricate web of back bays and is often called “the world’s safest beach.”        A mixture of condos, resorts, hotels, motels, single family homes and restaurants line the beach from end to end. At the northern section of the island, Times Square, just north of the pier, is the central “downtown” district of Fort Myers Beach with plenty of walkable dining, shopping, and nightlife options.    The bay (back) side of the island is home to houses, condos, and commercial businesses (mostly relating to fishing and boating). Many of the bay side residential properties include dockage. Additionally, the waterfront restaurants and marinas along the back bay offer dockage for the beaching boater. Shown below is Doc Ford’s Rum Bar at Fisherman’s Wharf.       Property values on the Fort Myers Beach did not experience the same level of decline as other areas of Florida, but nonetheless, the prices have dropped and there are tremendous bargains to be found.   On the lower end of the price spectrum, properties on the island can be found for as little as $150,000 for a small, studio-sized condo on the back bay or a studio-sized condo directly on the beach.  Offwater, single family homes in walking distance of the beach are reminiscent of “old Florida” in their stilt-home or cottage designs with colorful paint schemes and are listed in the $300,000 – $500,000 range. Back bay single family homes on water (canal/bay) fall in the $350,000 to $1.5M range.      Along the Gulf of Mexico side of the island directly on the beach, single family homes range from $950,000 to $2.5M plus. Condominiums directly on the beach range from $150,000 for a studio to $1.4M for a spacious upper-floor condo with expansive views.   And there are many options in the middle tier priced at $400,000 to $750,000 for a 2 bedroom, 2 bath condo with great views and community amenities.   In closing, a few words about the Southwest Florida market. The region is still experiencing record numbers of sales in both single family homes and condos. Multifamily properties are gaining renewed interest. Prices have flattened for the most part; in some areas they have risen a few percentage points.  Have a question or comment? Drop us a line or call anytime, we’re here for ya!  Cheers,    Dave, Brenda, and the SageRealtor Team

Both permanent and part-time residents find Fort Myers Beach is a relaxed, pedestrian-friendly town that is inviting and offers the best of both worlds by being quiet at times and other times lively with festivals and events. (The Times Square area of the island is lively during the entire winter season while the southern end is quiet.)Annual events include the Shrimp Festival (coming up March 13-14), World Championship Beach Sculpting, Offshore Powerboat Racing, Fishing Tournaments, Sailing Regattas, Art Festivals and more.        Things to do on the island (aside from hitting the beach) include boat rentals, jet ski rentals, parasailing, kayak rentals, sunset and pirate cruises, dolphin cruises, fishing charters and pier-fishing, tennis, beachcombing, picnics in the parks, eco-tours, hiking or bicycling at the islands’ parks such as Lover’s Key, and golf at Fort Myers Golf Club, the island’s only golf course.        Doc Fords Rum Bar and Grille If you are a fan of suspense novels, chances are you know the character Marion “Doc” Ford in the Randy Wayne White best-selling suspense series. Southwest Florida is the setting for the series with delicious narrative on the local waters, towns, and wildlife as the backdrop to Doc Ford’s page-turning adventures.  We are thrilled that in addition to the Doc Ford restaurant on Sanibel island that is named after the main character, Randy Wayne White has opened a new location on the bay side of Fort Myers Beach. The establishment at Fisherman’s Wharf is part sports bar, part restaurant, part boater’s landing, and offers live entertainment and great food (yes, a sports bar with good food). Docking is available for those arriving by boat.  If all this talk of sunshine, beaches, and watersports has you wanting to feel the sand in your toes, get a feel for the properties available by browsing listings at the link below.   Perhaps you will fall in love!  View Fort Myers Beach Homes and Condos For Sale

    

 

 

   

  

 

 

 

 

 

 

 

 

   

 

 

 

  

 

Southwest Florida Real Estate – Record Breaking Year

Sales of existing homes in Lee County ended the decade with a bang — a record 16,260 were sold with the assistance of a Realtor in 2009, according to statistics released Monday by the Florida Association of Realtors.

That shattered the old record of 12,123 set in 2005 at the top of the residential real estate boom that collapsed the following year.

Meanwhile, prices were moving in the opposite direction. The median sales price for an existing house was $278,200 in 2005 but only $90,400 in 2009.

During Quarter 4, the median price for traditional sales was $135,000 (a 3.5% decrease from the prior quarter), for bank-owned sales it was $69,900 (up 2.7%) and the median price for short sales was $94,950 (up 6.6% from last quarter).

Southwest Florida Real Estate News – September 2009

While our newsletter took the summer off, we stayed plenty busy with summer property buyers, yard work, boat maintenance (West Marine staffers get all giddy when we walk in the door) and all the usual summer festivities.

In this month’s newsletter:

• We answer the Frequently Asked Question: “What options do we have for leasing out the property while we are not there? We want to take advantage of today’s low prices, but we are not planning to retire for some time and will be only able to be in Southwest Florida a few weeks of the year.”
• We spotlight the amenity-rich and beautiful Colonial Country Club in Fort Myers… and more.
• And we address another FAQ: “Is the Market Stabilizing?”

View the September Newsletter Now.

Have a question, a comment, or some feedback? Wondering if some of the buzz you are hearing is fact or fiction? Call or write and will give you our candid feet-on-the-street perspective.

Dave & Brenda and the SageRealtor Team

Thinking About Renting Your Southwest Florida Home?

Buying Now While Prices are Low

Many of our clients are buying their second home or retirement home now to take advantage of the low prices. A typical question we get is “We are not planning to retire for some time and will be only able to be in Southwest Florida a few weeks of the year. So what options do we have for leasing out the property while we are not there?”

And so it’s common that many people buy with the intention of leasing the home or condo to cover some of the ownership expenses for a few years or for the duration of their ownership of the property. If you are planning to rent your home or condo for all or part of each year, it’s a good idea to know about leasing options before shopping as a way to determine which areas and property types will fit best within all of your objectives.

There are two ways to rent the property: seasonally to people vacationing in Southwest Florida or annually, to people who are (or will be) permanent residents. As a full-service team, the SageRealtor Group is able to assist you in both types of rental options and we can often get the property rented for you very quickly after your closing.

So let’s take a look at each type of rental option and which one is right for you.

Renting Seasonally

Putting your home or condo on a seasonal rental program is a good idea for those that want the flexibility for you, your family, and your friends or clients to enjoy the home part of the year, while renting the home when you are not able to be there.

Properties that work best for seasonal rental are those that will appeal to people planning a vacation – our area attracts tourists from all over the United States, Canada, and Europe (primarily the United Kingdom and Germany). The most popular vacation properties are waterfront homes and condos, golf course homes and condos, and single family homes with pools.

Amenities are a big draw as well. For example, condos in the Cape Harbour Yachting community are rented frequently to people vacationing in Cape Coral for a week, a month, or for an entire winter. Guests love the wonderful pool area, the on-location dining and shopping (including live outdoor concerts, farmers market, and other events), the marina and boat rental facilities, the on-site fitness center, basketball and tennis courts, walking paths, and the proximity to other area attractions.

Likewise single family pool homes on waterfront canals are a draw to people who want the water views out their backyard, option to rent a boat for fishing or cruising, and who like to BBQ by the pool.
Here are factors to consider when shopping for properties that will rent well seasonally.

Seasonal Rentals Must Be Fully Furnished

A home that will be rented to vacationers must be fully furnished and outfitted with everything a typical home has. This means complete furnishings indoors and out, decorations to make the home comfortable and inviting, all kitchen appliances, utensils, cookware, table service for eight, linens, towels, iron and ironing board, and don’t forget the all-important corkscrew and bottle-opener.

While shopping for property you will find some where the furnishings are included in the sale, most often a bonus in saving time and money. If you purchase an unfurnished property, plan to spend about $15,000 to fully outfit the home (or more depending on your taste and the size of the home).

More Tips

Other tips from our seasonal rental expert Beth Chatland, include:

• Internet Access is very important and broadband is ideal (DSL, cable). Most service providers allow you to turn on/off the service when the home is not occupied.
• A king size bed in the master bedroom is a must have.
• A heated pool is a plus feature.
• Be sure you have TVs in the living area or family room and also at least one additional TV in the master bedroom. A DVD player is also a plus.

Leasing Policy and/or Restrictions

Before buying a property that you intent to rent seasonally, work with your real estate agent to be sure you are looking only at properties that allow frequent rentals. For most single family homes, there will be no restrictions on how often you can rent the unit and you set your own policies. But in condominiums, the association typically has a leasing policy that influences how frequently and how many times per year you can lease the unit. Rental policies have two parts: maximum number of leases per year and minimum days lease.

So for example, a “4-90” policy means 4 times per year or minimum 3 month lease. The 4-90 or similarly restrictive policies can limit the windows of opportunities for rental, so if revenue potential is important to you, these restrictive policies are ones to avoid.

Perhaps the most common rental policy is 12-30, meaning 12 times per year, minimum of 30 days. It is not difficult to find seasonal renters who stay for a month or more. (Bear in mind if you are looking in 55+ communities that there might be tenant restrictions based on age.)

Also available are condos with weekly or bi-weekly rental periods allowed. And finally, there are “condo-hotels” that allow nightly rentals. Condo-hotels typically have on-site rental management and are operated just like a hotel with respect to check-in/check-out, cleaning schedules, and so on. Most condos on Fort Myers Beach and Sanibel Island are operated as condo-hotels, as well as some condo towers in planned, gated communities such as the Resort at Tarpon Point Marina in Cape Coral (opening November 2009) and the Vista del Sol tower in Burnt Store Marina.

Property Management Services

Additionally, you will want full or partial property management services to help you with renting the property, checking tenants in and out, collecting rent, and similar services. Read more about property management services here.

Rates for Seasonal Rentals

Seasonal rental rates vary greatly by size, location, view, and amenities. As an example, one of our clients rents their Cape harbour Ccondo overlooking the marina for about $950 per week in high season. Another of our clients offers their single-family pool home on a saltwater canal for $1000 per week in high season. In both cases, discounts for longer term bookings (a month or more) are available.

Renting Annually (Long-Term Leasing)

Some of our clients buy property as an investment that they will either keep as an investment property (and sell at some point) or that they will move into in one or more years, but want to lease in the mean time. In this case, renting annually might make sense.

A key difference in annual rentals is that the home or condo does not need to be (in fact should not be) furnished. Most people seeking to rent for 6 months, a year, or longer bring their furnishings from their prior residence. So if you want to buy now and furnish later the annual leasing option is right for you. Another difference is your clientele will be local residents who are either looking for a move or people who are relocating to the area.

With respect to leasing policies, most homeowner and condominium associations will allow annual leases. There may be a requirement for the tenant to be approved by the association.

When leasing to long-term tenants, be sure your property manager conducts thorough background checks, collects a security deposit of at least one month’s rent, and checks in on the property regularly.

Lee County Florida – A Great Place for Small Business

Bizjournals.com has ranked the Cape Coral-Fort Myers metropolitan area No. 20 in its list of best places in the United States to launch a small business.

Bizjournals used a six-part formula to analyze the nation’s 100 largest metropolitan areas, noting population growth between 2002 and 2007, employment growth from 2003 to 2008, small-business growth from 2005 to 2006 and small-business population. Bizjournals defines a small business as any private-sector employer with 99 or fewer employees.

Compared to other Florida metropolitan areas Cape Coral-Fort Myers scored behind No. 7 Orlando and No. 12 Miami-Fort Lauderdale, but ahead of No. 25 Jacksonville, No. 43 Palm Bay-Melbourne, No. 44 Bradenton-Sarasota, No. 51 Daytona Beach, No. 53 Tampa-St. Petersburg and No. 81 Lakeland.

The country’s top five rankings went to Raleigh, N.C.; Charlotte, N.C.; Seattle, Wash.; Austin, Texas; and Boise, Idaho.

Cape Coral, the largest city in Southwest Florida, also was ranked No. 1 by INC Magazine in its list of best mid-sized cities for doing business. The Cape Coral Economic Development Office assists existing businesses and recruits new ones, administers incentive programs and conducts global marketing for the city. Visit http://www.bizcapecoral.com or call 239-574-0444 or toll-free 866-573-3089.

Lee County Homes Prices- February 2009

Prices for Lee County FL homes in February continued at below what they were a year ago, but the number sold was sharply higher, according to a report issued Monday by the Florida Association of Realtors.

In February there were approximately 97 percent more Lee County homes sold than a year earlier and Lee County sales are up 15 percent from January of 2009.

The median price of a single-family home sold with the assistance of a Realtor in February was $97,500, 54 percent less than the $211,600 it was a year earlier. But February’s price was 3 percent more than January’s $94,900.

While the inventory supply rose slightly to 6.0 months, it is still approximately half of what it was in February ‘08, when the supply of existing single family homes was 11.8 months.

A Word About Median Homes Prices: The Median is a mathematical result that indicates that one half of the group is higher and one half lower. Median price of 101 sold homes would be that price which is lower than 50 of the prices and also higher than 50 of them.

Consider the following example:
70
80
80
90
150
350
650

The median is 90. The average is 210. Additionally, statistics such as median and average do not account for location differences, such as offwater or waterfront, golf course location, beachfront views, or similar.

Impressive Stats – Lee County Real Estate

Along with record-breaking sales in December (a 146% increase over December of 2007), there are some other statistics on Lee County home sales that are showing that Lee county real estate market (Cape Coral – Fort Myers) is a hot commodity and the pace is picking up dramatically. Three month and year to date home sales charts are below. Inventory, which was a 21 month supply a year ago is now just a 4.2 month supply.

Three Month Activity

The above chart shows that over a six month period (Nov 13 2008 – Feb 12 2009) most propeties are selling in less than 90 days:

• 75% of the homes and condos on the market during this period sold with in 90 days.
• Of those, 44.7% homes and condos sold within 30 days.

Also in the above chart, the final ratio of the selling price to the asking price is narrowing, with properties that are selling within 30 days going just a few percentage points under the asking price.

Year-to-Date Activity

Since January 1 of 2009, total sales volume of homes and condos in Lee County is just under three hundred and fifty million. The exact figure is $342,075,785.00, with $209,000,000 in pending transactions and $133,000,000 sold.

During this period, the average days-on-market is 70. And we see the same pattern of the selling/asking price ratio – homes selling within 30 days are going just a few points under list price. These are impressive figures given that we are only 43 days into the 09 calendar year.

Translation for Buyers?

The most important take away from these figures is that sellers – whether they be foreclosures or individual owners – are pricing to sell. When the price gets to the right amount for that category and location of home, the property sells quickly, and sellers are no longer willing to wait 6 months to get the price into that sweet spot that will get it sold.

This also is clear evidence that the much anticipated buyers coming back to the market after years of pent up demand is now reality.

Source: Greater Fort Myers and the Beach Multiple Listing Service.

Postscript: This message was sent to all Greater Fort Myers and the Beach Realtor Association Members on Feb 13, 2009:

“Yesterday, our January housing stats were released to the media which included the good news that our current inventory levels are 4.2 months, down from 21.5 months a year ago. Unfortunately, this message was lost as the media outlets used a statistic not released by the Association, but attributed to us, focusing on the decline in the median single family home price vs. the height of the market.”

Browse Current Listings by City:

Cape Coral Real Estate

Fort Myers Real Estate

Fort Myers Beach Real Estate

Punta Corda Real Estate

Naples Real Estate

Sanibel Real Estate
Estero Real Estate

Bonita Springs Real Estate

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):

Cape Coral Homes for Sale

Fort Myers Homes for Sale

Fort Myers Beach Homes for Sale

Punta Corda Homes for Sale

Naples Homes for Sale

Sanibel Homes for Sale

Estero Homes for Sale

Bonita Springs Homes for Sale

Lee County 2008 Real Estate Record-Breaking

Fort Myers – Cape Coral and surrounding communities of Lee County saw an unprecedented number of properties go pending in the last quarter of 2008 (pending means the buyer and seller have an accepted contract on price and terms).

In the 4th quarter of 2008, 3,100+ homes went pending and that far exceeds the prior record set in the boom year of 2004 which saw 2,400 homes pending in the same period.

In comparison to 2007, the pending sales of existing homes in 2008 saw a 78% increase.

With homes, condos, and vacant land now priced at 2003 levels, those who say “I wish I had bought five years ago,” now can reach back in time and purchase at those pre-boom prices.

And this record-setting quarter shows the buyers are here and are doing exactly that. And unlike 2004 and 2005 in which many of the purchases were made by investors, we are seeing that most buyers now are end-users and will be occupying the home or condo year-round or seasonally. That bodes well for a more normal market that prevents future radical swings up or down as we’ve seen in the past 5 years.

Southwest Florida Market Update – October Stats

From the Realtor Association of Greater Fort Myers and the Beach – Cape Coral, Fort Myers, Bonita Springs, Fort Myers Beach, and surrounding areas…

Sales of resale homes in the Greater Fort Myers area rose again for the tenth consecutive month in October up 122.4% versus the prior year. However, the value of homes continued to drop due to the continued presence of short sale and bank owned properties. The median price is now $119,900, which is 22.6% below the 2003 level.

There were 12,611 single-family homes for sale in October in the area, for an estimated 8.3 month supply of inventory. Sales activity is picking up pace as over 1,877 properties are pending, including properties that are active contingent and require lender approval. This is an increase of 170% versus a year ago and a 5% increase versus September.

View Cape Coral Homes for Sale

View Fort Myers Homes for Sale

Visit SageRealtor.com for more information about Southwest Florida real estate.