Lee County home sales up 33%

Dramatic gains for the first quarter 2005

Home sales in the Ft.-Myers - Cape Coral metropolitan statistical area (MSA), increased a remarkable 33% for the first quarter of 2005. Homes sold increased to 3,024 up from 2,272 in the previous quarter. The median sales price increased to $236,000 up from $171,000 in the first quarter of 2004.

Scott Whitlock, president of the Cape Coral Association of Realtors and a Realtor sales associate with Premier Realty of Southwest Florida in Cape Coral, says buyers are realizing what the Cape Coral area has to offer. "We have great weather with milder winters than North and Central Florida, we're next to some of the most beautiful beaches in the state and the area offers less congestion and traffic than other places in South Florida," he says. "The bottom line is that we've been discovered -- baby boomers who are anticipating retirement are buying second homes here and people are moving here from other parts of the state, especially from the south."

Across Florida home sales were up seven percent in the first quarter of 2005. The state-wide median sales price was $207,000 for the quarter.

Florida home sales up 7 percent in first quarter 2005 [Planet Realtor]
Florida Home Sales Up 7 Percent in First Quarter 2005 [Yahoo]

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