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Low Property Values Driving Home Sales

“Property values will probably never be this low again,” reports Beverly David, a broker associate in Ft. Myers. Looking for a second home or a retirement home, buyers are taking advantage of new listings that come on the market daily. And sellers are pricing their homes to sell. Much of the real estate business in the Naples and Ft. Myers areas is coming from buyers who plan to live here part time or from people who have rented here for years and are now able to buy.

Ft.Myers, Cape Coral & Naples saw big gains in national rankings for activity in February on Trulia, a national real estate search engine. Single-family home resales for the Ft. Myers-Cape Coral ares jumped 97 percent in February.