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Are you thinking of buying a piece of Fort Myers Lee 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 Lee 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 Lee
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 Lee 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 Lee real estate
project of its type to be built downtown in more than a dozen
years.
Fort Myers Lee 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
Lee 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 Lee Real Estate To Consider
- Boardwalk Caper / Fort Myers Lee 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
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Province Park / Fort Myers Lee Real Estate
lays claim to one of the prime areas of Fort Myers Lee
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 Lee 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 Lee 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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Florida Golf's City of the Month
