Fort Myers Real Estate Prices Going Up

UPI reports that seven of the top ten markets with real estate price increases this year are in Florida.  Median prices in the Fort Myers market for August where up a whopping 33% over August 2010. A key driver leading to median price increases is the dramatic reduction in the inventory of homes listed for sale in the Fort Myers market.  Inventory levels are down 41% over the past year, mainly attributed to the decrease in bank-owned foreclosures coming on the market. If you are considering a second home in the Fort Myers area, there still are opportunities to participate while prices are near the bottom.  Here is a resource which offers all the inventory of active Southwest Florida foreclosures categorized by both geography as well as lifestyle options.

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