|Published:||Jul 24, 2012 7:07 PM EDT|
|Updated:||Jul 24, 2012 8:12 PM EDT|
FORT MYERS, Fla- "We cleared the job and when we got to the front by Iona road everyone was slowing down asking what was going on," said Conidaris builder Skip Walker. It doesn't look like much now, but builders say this old tree farm will be transformed into a residential development made up of condos and single family homes-a total of 135 units. Even though completion is two years away, buyers are already asking how they can get a piece of the pie. Walker said, "I did three projects myself within a half of mile and they completely sold out."
The renewed interest in real estate is part of a larger nationwide trend. Florida Realtors say sales of single family homes are up 5.3% compared to this time last year.
Market America Realty said sellers are listing their homes for more money these days-simply because they can. However, some question if that will eventually hurt the market. Market America's Gregg Fous does not think so, "In July of 2011 we sold a house in Cape Coral for $89k and now we are listing it for $119k That is the sweet spot of the market price-wise meaning the volume of the market."
Home prices in our area are expected to go up from here during the next tweleve months if employment numbers stay steady or rise.
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