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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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