Record prices in Lee County

Average home price up 43 percent from 2004

The average single family home price in Lee County was up a staggering 43 percent and hit $246,000 in March 2005 up from $179,900 in March 2004.

With the building permits in both Cape Coral and Lehigh breaking records in March, it doesn't appear that the high prices are scaring off new buyers. It appears to me that the whole region is awash in significant real estate gains and these gains are driving significant activity in all real estate sectors.

SWFLA home prices reach all-time high [News-Press]

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