| June 2, 2005 |
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Charming and historical, Fort Myers, Florida is attracting a lot of new homebuyers, say local Realtors who want to capture their piece of the sun while interest rates are low.
About the market, Pullos suggests, "Fort Myers no longer can be called Lee County's undiscovered gem. The growth that has spiraled property values and new development across the region now is changing the skyline of the county's oldest city. Downtown Fort Myers has been undergoing extensive renovations which has given way to new restaurants, nightclubs and high rise condominiums along the riverfront. The latest numbers are in and housing in Ft. Myers is on the rise. Depending on your lifestyle choices from mobile homes, condo's, attached villas and single family homes, the current market prices are now ranging from the $100,000's to well over $10 million by the beach and river front. If you have been thinking of investing in real estate in Ft. Myers, now is the time. With low interest rates, the savvy buyer who knows how to purchase real estate with their self-directed IRA knows prices keep on escalating. We are also experiencing a surge of pre-baby boomers purchasing homes whether it be a second home for vacations or investment property for the future, they are buying now before the homes become more expensive."
She continues, "Established in 1886, Fort Myers has been growing and changing dynamically, yet still manages to maintain it's magnetic charm and appeal. The median age of the population of Fort Myers is 32. Downtown has been undergoing extensive renovations which has given way to new restaurants, nightclubs, apartments, and artistic venues providing energy and growth for the city. Centennial Park and The Fort Myers Yacht Basin host many cultural events throughout the year. Both overlook the Caloosahatchee River where you will often see sailboats and yachts as well as a diversity of colorful birds which inhabit the area. And, if you are a beach lover, Fort Myers is just minutes from some of the most beautiful white sandy beaches that southwest Florida has to offer."
Buckley advises, "The reality is that prices will not be going down. Many say that they will continue to go up. My feeling is that they will continue to increase, but not at the same pace as the past two years. With many of the new developments that are on-line to be started this year already being sold out and resale inventory being low, buyers are finding that working with the right real estate agent is key in making the best choice for their future home." |
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