6 Year Stretch of Falling Home Prices over in Lee County

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The following was a recent article published in the Fort Myers News Press regarding the end of falling home prices in Lee County and the subsequent rebound we are experiencing in Lee County real estate prices.
If you have been thinking about buying a home in Southwest Florida, now is the time. Enjoy the article and contact me if you want more information on buying a home in Paradise.

Lee County’s real estate values leveled off from a five-year free fall, with the property appraiser Friday estimating that areas hit hardest by the housing market crash are rebounding.

Taxable property values in Cape Coral and Lehigh Acres increased last year by 3.53 percent and .72 percent respectively, according to the property appraiser’s initial estimate. Fort Myers, which also has seen drops in recent years, saw an increase of .25 percent.

Meanwhile, real estate values in the beach communities of Sanibel, Bonita Springs and Fort Myers Beach lost value, according to the estimate.

While current numbers indicate a .9 percent drop in countywide values, Property Appraiser Ken Wilkinson said he expects the figures will work out to an increase by the time he submits his report to the state on July 1.

“I’ve been doing this for more than 30 years, so I feel fairly confident to say that we will end up with an overall positive,” Wilkinson said. “But it will most likely be less than 1 percent.”

Wilkinson is required by law to give the county preliminary figures by June 1. The property values are from 2011. The numbers help cities and counties determine their budgets for the fiscal year that begins in October. Collier County Property Appraiser Abe Skinner on Thursday said taxable value there was up .03 percent.

Full article:

http://www.news-press.com/article/20120602/RE/306010023/Era-falling-property-values-over-Lee-County

Related news: Maraval section in Sandoval sells out:

Maraval, a single-family home neighborhood by Taylor Morrison in Sandoval, has sold out.

Taylor Morrison is also developing Phase III, the final 100 acres at Sandoval, which will feature four collections of homes including twin villas, detached villas, single-family and estate homes. Development is expected to begin late this summer with decorated models for viewing early 2013. Pre-construction sales opportunities are available now.

Contact me at 239-887-4942 for more information on the gated community of Sandoval in Cape Coral.

Article from Cape Coral Daily Breeze. Cape Coral values up first time in 5 years.

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