Fort Myers home prices rise 30%


May 23, 2013

FORT MYERS — Residential prices rose significantly in April in the Fort Myers area as homebuyer demand continued to increase.


Bloomin’ Brands prices secondary offering

Sarasota monthly property sales surpass 1,000

Builders Exchange inducts chairman

Economic development chief retires

“Buyers continue to be challenged by above-price offers, rising listing prices and low inventories,” says Doris Falcone, president of the Realtor Association of Greater Fort Myers and the Beach, in a statement. “Our members are extremely busy this year, well beyond our traditional peak sales season, due to buyer demand.”

The median sale price of an existing single-family home in April in the Fort Myers area was $182,000, a 30% increase over the $140,199 price in April 2012. The median price of a condo rose to $150,000, a 7% increase from the $140,000 one year ago, according to the association.

Rising prices and lower inventories resulted in a flat number of sales of single-family homes in April compared with the same month one year ago. Realtors reported 1,172 home sales in April, a 1.4% increase over April 2012. But the number of condo sales rose 12% to 765 in the same period.

Traditional sales made up 79% of all existing single-family home sales in April, with the remaining short sales and foreclosures.

via Fort Myers home prices rise 30% || Business Observer | Tampa Bay, Bradenton, Sarasota, Fort Myers, Naples.