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Real Estate Values in Fort Myers and Naples

Phil Wood
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?

Click any photo to enlarge:

$200,000 $500,000 $1,000,000
$200,000 home in Fort Myers. NEXT PHOTO: Roll over right side of this photo and click.

Fort Myers
Square Feet: 3,640
Bedrooms/Baths: 3/2
Age: 30 years
Selling Price: $200,000

The home, on an oversized lot, has a remodeled kitchen.




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Naples
Square Feet: 2,890
Bedrooms/Baths: 3+den/3½
Age: 18 years
Selling Price: $520,000

The home has a large covered lanai with a swimming pool and a view overlooking a golf course lake.

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Naples
Square Feet: 4,122
Bedrooms/Baths: 4+den/4
Age: 6 years
Selling Price: $1,050,000

The home, in a gated community, has high ceilings, a fireplace, a brick entrance walk, pool decking and an efficiency guesthouse.




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