Fort Myers Florida Real Estate

Are you thinking of buying a piece of Fort Myers Florida Real Estate? Fort Myers' median sales price was $287,200, down 10.9% from December 05, $322,300. Sales declined 30.7% from 1,084 to 751. There are more than 11,000 houses on the market, triple what it was at the low point in the second quarter of last year.

The Fort Myers Florida real estate market is in a lull period due to a case of too much too fast. Fort Myers went from a crazy four year period to an adjustment in the market that was necessary to slow the things down."

In 2003 The U.S. Housing Markets ranked Fort Myers Florida as the number one real estate market in a metropolitan area in the nation. Extensive downtown redevelopment means more condominiums and apartment units will be joining the Fort Myers Florida real estate mix.

Currently there are some 250 condo units and 200 apartments in the historic downtown waterfront area. Fort Myers real estate developers have an additional 700 condo units and 300 apartments in the planning or development stage. The Beau Rivage condominium was the first new Fort Myers Florida real estate project of its type to be built downtown in more than a dozen years.

Fort Myers Florida real estate condo converters have gobbled up about 5,500 apartment units. Land costs have gone up from $12,000 to $15,000 per unit two or three years ago to $45,000 to $50,000 now. Developers just can't afford to build rental apartments in Fort Myers. Buy or fly!

What is the average Fort Myers home cost? Prices vary based on the size, amenities and location of the Fort Myers real estate property, but most are in the $163,918 range, and the median cost of an existing home is $94,400. There are also some Fractional Ownership opportunities in the Fort Myers area that are becoming very hot.

Fort Myers Florida Real Estate To Consider

• Boardwalk Caper / Fort Myers Florida Real Estate is a boaters paradise community located at Fort Myers Beach, about 1 mile before the sandy beach, with easy sailboat access to the Gulf. Two bedroom two baths are running in the mid $400,000 range
  

• Province Park / Fort Myers Florida Real Estate lays claim to one of the prime areas of Fort Myers Florida real estate. All residents have exclusive access to Eastwood Golf Course, a championship golf course rated in Golf Digest as one of the top 50 municipal courses in the country.
• River Hall / Fort Myers Florida Real Estate is in the heart of the historic area of Lee County, bringing a fresh approach to an old style of living. A town center is planned complete with a quaint village square, a firehouse and a new elementary school. Three gated communities with homesites ranging from the mid $200's to $600's and up along with a championship Davis Love III signature golf course, a pedestrian system, and a fitness center with all the equipment.
• Lovers Key Beach Club & Resort / Fort Myers Florida Real Estate is a new Resort Condominium located on a secluded shoreline of Estero Bay, with it's own private small sand beach area & restaurant! Located on the south end of Fort Myers Beach area on Lovers Key, with easy access to Bonita and Naples just minutes away.
  

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