Affordable homes are again available and nearly everything is selling!
I've been reporting for months that there are great values to be had here in many of Florida's most sought after locations... Naples, Bonita Springs, Estero and Fort Myers. Not just good or even great values but truly spectacular home buying opportunities!
What led me to this conclusion is the fact that many, if not most properties are below replacement cost. Even if you could find a comparable location in terms of proximity to the beach, Fort Myers International Airport (RSW), shopping, dining and access to the gorgeous rivers, estuaries and bays that lead out to the warm waters of the Gulf of Mexico the cost to duplicate these properties would be significantly higher than both the current list price and eventual sales price!
This evening on NBC Nightly News with Brian Williams they aired a piece by Michelle Kosinski appropriately titled "Reversal of Fortune". Michelle, in looking at some of the prices wondered if the prices she was seeing were typos? That's exactly what everyone thought 3 years ago... for the exact opposite reason! Three years ago the demand in the market was so red hot that it drove prices well beyond the affordability of even above average buyers that were purchasing for the long term or as a second(winter or vacation) home.
View the video "The Flip side of Foreclosures, Affordable Homes" at the link Here.
See the current, historical and sales numbers by price point... Here (for August) or come back for a future link to our September numbers which I will be posting shortly.
September Market Report - Updated... Here
*Use the links below to view listings in a specific city or create your own Here.*
Garren Grup, REALTOR®, GRI...
Noteworthy Results in Naples, Bonita Springs, Estero & Fort Myers!
