Ran across this great article in the Mpls Star Trib about birding on Sanibel Island:
Forget shelling and beachcombing, shopping and sunset-watching, bicycling and boating, museum-hopping and dining al fresco in the humid Florida night. I did those things, and they were great. But by Day Three, all I really wanted to do was see a big pink bird.
TripAdvisor ranks Fort Myers the number 3 destination on the rise for 2012 citing our sugar sand beaches, cultural events, sunshine, and much more.
View the TripAdvisor blog here.
Cape Coral real estate and Fort Myers real estate continue to buck national trends
Cape Coral and Fort Myers were highlighted in two national studies – one from Realtor.com and one from Trulia – both suggest that our marked is in rebound if not already past that point.
Realtor.com’s placed Cape Coral and Fort Myers third in their list, citing:.
Fort Myers – Cape Coral: Median prices in Fort Myers-Cape Coral have increased year-over-year, foreclosures are down, inventory is lower and foreign buyers are attracted to the area’s real estate prices.
Trulia placed Cape Coral real estate and Fort Myers real estate as fifth in its list of the most searched listings.
From Florida Association of Realtors, Realtor.com, and Trulia.com.
10 Cities Where List Prices Are Rising the Most
Daily Real Estate News |
Which cities are seeing median list prices increase the most? Nationally, median list prices have risen 1.60 percent to $190,000, according to year-over-year listing data from September 2011 by Realtor.com, based on 146 markets.
Yet, in some cities, median list prices in that time frame have risen more than 20 percent. Florida cities, in particular, are continuing to see some of the largest rebounds in list prices.
Here are the 10 cities that have seen the largest percentage increases in median list prices based on year-over-year data from September:
1. Fort Myers-Cape Coral, Fla.
Year-over-year median list price increase: 34.46%
Median list price: $215,000
2. Miami, Fla.
Year-over-year median list price increase: 25.63%
Median list price: $250,000 Read more
A $1 billion gaming resort with 1,500 hotel rooms is being proposed by a business group for The Forum at Colonial Boulevard and Interstate 75 in Fort Myers.
Let’s do it!
View the article at the News-Press.
ORLANDO, Fla. – Sept. 26, 2011
Florida cities have had the largest year-over-year increases in average list prices, according to the latest real estate data from Realtor.com. Based on August data of 2.2 million listings in 146 markets, Florida cities make up nine of the top 10 places for highest year-over-year list price spikes.
Nationwide, the average list price is $320,325, up 2.36 percent year-over-year.
Here are the top 15 cities boasting the highest percentage of year-over-year increases in average list prices.
Average list price: $640,332
Year-over-year increase: 27.4%
2. Fort Myers-Cape Coral, Fla.
Average list price: $443,570
Year-over-year increase: 26.27%
3. Central-Fla. rural service area
Average list price: $405,809
Year-over-year increase: 19.41%
4. Punta Gorda, Fla.
Average list price: $267,066
Year-over-year increase: 16.37%
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.
Congratulations to Tim and Chris of Ohio in their purchase of this vacatioon home! Beautiful lake view home in the gated community of Sandoval in Cape Coral.
Could anything be more misleading than to use Census Bureau figures to cast an “expert” opinion on the real estate market? The Yahoo article that is making the rounds this week claims a vacancy rate of 20% in Florida. But, what does vacancy mean?
The Census statistic is an occupancy statistic, not a real estate indicator per se. From the Florida Realtors Association:
Many homes the Census Bureau considers vacant are empty by choice – homes in which snowbirds live only a few months out of the year, for example, or homes under construction but not yet inhabitable.
According to the U.S. Census Bureau, the definition of “vacant” means “no one is living in it at the time of the interview, unless its occupants are only temporarily absent” or “entirely occupied by persons who have a usual residence elsewhere.” The latter would include snowbirds or other part-time Florida residents.
In addition, “New units not yet occupied are classified as vacant housing units if construction has reached a point where all exterior windows and doors are installed and final usable floors are in place.” Many media reports have not included or explained the Census definition for “vacant” homes, resulting in a misleading impression of Florida’s housing market.