A sign that the Lee County real estate market remains healthy is the increase to 1025 single-family building permits in June, up 13 percent over May 2005 and a whopping 53 percent over June 2004.
These figures are for the unincorporated section of Lee County which includes Lehigh, Bonita Springs and Ft. Myers Beach. Lehigh represents 47% of the total. A significant percentage of the activity that I am seeing in Lehigh is from builders snapping up vacant lots throughout Lehigh.
The 711 new single-family permits in Cape Coral was slightly off the May 2005 figure of 724, But up 38 percent from June 2004's 516 permits.
With nearly 1800 new permits issued in June for the combined unincorporated Lee County and Cape Coral, it is tough to be anything but optimistic about our current market conditions.
Building value in '05 almost doubles [News-Press]