The Realtor Association of Greater Fort Myers and the Beach has reported a 29.9 % increase in the median price of homes from $97,000.00 in 2011 to $126,000.00 in 2012.

The Association also reported an inventory decline of 13.4 % from 8,005 in 2011 to 6,930 units in 2012.

“The positive movement in the median price and the reduction in the number of bank-owned properties has helped our market recover,” said Doreen Falcone, association president. “The housing outlook for Lee County in 2013 is very positive although local residents are challenged with low inventories and tight credit, as foreign nationals and retirees are making the market quite competitive with cash purchases.”

In general the housing market is looking up in the Fort Myers, FL area.

If you would like more information on homes in Fort Myers, feel free to contact us any time.

Real Estate in The Southwest Florida area is coming back. In Collier County, a place that you will find new construction going on is on Collier Blvd. near Vanderbilt Rd.

Andy Zuckerman, a local developer has said, “We have all the shopping, houses of worship, a rated schools, close proximity to 75, I think it’s fantastic,” . Zuckerman has also said, “We’ve been watching over the last 18 months, we thought that the market already bottomed out and coming up to this past year, now was the time to get back in and start building again,”.

This is just another sign of our Florida Real Estate market, whether you’re looking to buy, build or sell.

A high percentage of real estate sales in Florida have typically come from foreign buyers.

With financial markets in their current state and exchange rates in favorable conditions for foreign currency, this trend seems to continue.

A recent poll taken by the Florida Realtors Association has shown that Canadians are some of the largest buyers of Florida real estate today.

“We’re dealing in a world where prices are starting to come back but there’s still room to go,” says Dr. John Tuccillo, chief economist for the Florida Realtors association. “There are areas here where there are still bargains.”

He says that although the market is improving, it is still years away from a full price recovery.

“We have gone way below the historical trend in prices in Florida. That suggests we will see in the future a return to that historical timeline. There is a lot of scope here for price improvement over the next 5 plus years, but there is still time.” details

If you or someone that you know are interested in Gulf Harbour real estate, feel free to contact us. GulfHarbourLifestyle.com takes pride in our service and attention to every detail that you desire.