Florida Property Values
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Buyers are "making the move," says Phil Wood.
The market is showing modest improvement as inventory declines in some previously hard-hit areas and sales prices inch up. Listing inventories fell by nearly 33% in Fort Myers and 35% in Lee County, and investors have helped mop up foreclosures in devastated communities like Lehigh Acres, where inventory is down 61%. In Naples, the number of homes for sale was down 17% in 2011. “About 80% of our buyers are second-home buyers from up north who are going ahead and securing that place they’d always wanted before prices get any higher. They may have waited several years during the recession, and now they’re making the move,” says Phil Wood, president of John R. Wood Realty in Naples.
What will $200,000, $500,000 and $1,000,000
buy in Fort Myers and Naples?
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