2005 Single-family resales

SW Florida year-end round-up 2005_yr_end The Ft. Myers-Cape Coral single-family resale market was turbo-charged in 2005. The region topped the State of Florida with a 26 percent increase from 9,612 to 12,128 sales. The Ft. Myers-Cape Coral market also led the State of Florida with a median price increase of 44 percent from $192,700 to 278,200. With a fragile psychy as a result of rough back-to-back hurricane seasons, it is a stretch to expect sales volumes to grow from these lofty levels. I expect price leveling particularly in the more modest price ranges and volumes to fall back closer to the 2004 levels. Florida's Home Sales Rise 2 Percent;Median Price Up 29 Percent for Year End 2005 [Florida Association of Realtors]

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