| Pricing in Lee County |
|
|
|
| Written by Greg Snow |
| Monday, 07 June 2010 17:13 |
|
All the attention our Southwest Florida real estate market has created with a rocketesque rise in values to pretty much a fire sale has drawn attention from all over the globe. In late 2006, the median value of homes sold (half sold for more, half for less) was $326,000. Today we are rising in values again from median prices in low $80,000 range to a bit over $90,000 today. Our local Multiple Listing Service, www.swflrealtors.com, has been busy so far with over 11,000 closings in the first five months. With the affordability of buy versus rent now leaning heavily toward buyers, we are seeing people fly in from all over to buy property here in Lee County. Individuals that wanted to buy five years ago and were unable to because of costs, now find better deals with low and friendly interet rates, and along with some government icentives , have swung a depressing marketplace, in a recovering and soon viable investment. Lee County was once ranked less affordable than half of 225 metropolitan areas in 2005. Lee County has some of the best value in Florida with great beaches, boating, golf courses, 2 Major League Spring baseball teams, an international airport, and friendly people.
|



