Homes for sale in Fort Myers Florida are a good choice for investors looking for rental properties. This includes both single family homes and condominiums/townhouses. There are a combination of reasons that makes now a good time for purchasing a Fort Myers property.
Rentals make up approximately 41.95 percent of the occupied properties in Fort Myers, which is about 22.75 percent higher than the national average. However, this is a typical number for metropolitan and urban areas. With job growth strong, now is a great time to pick up a rental property in Fort Myers.
Homes for sale in Fort Myers Florida include waterfront properties and gated communities as well as conventional urban housing. There are a lot of new homes, the construction of which has been bolstered by rising employment levels and vacant lots which were picked up at a low price in the lagging market of a few years ago. This provides opportunities for those who are interested in designing their own home from scratch. Additions and improvements are also thriving.
If you’re looking for what the best Fort Myers offers in real estate you should check out Gulf Harbour properties. This upscale community has everything you ever dream of.
The number of distressed properties (those involved in foreclosures and short sales) has declined in number since 2010. They now represent only 15 percent of available properties, on average. This has led to rising lender confidence and better home values for buyers and sellers alike. In fact, default figures now stand at the lowest in history.
The median list price reported for single family homes in September 2012 is 299,900 USD, with a median sale price over the previous year of 124,000 USD. Values are expected to continue to rise for some time, continuing the trend.
The typical rental rate in the area for single family homes is 1500 USD per month. So you can see that for a rental property, you will quickly establish significant equity. You can then sell the house or keep it and use the equity to fund further investments. Even if you are a first-time real estate investor, Fort Myers is a good location to choose.
Homes for sale in Fort Myers Florida are among the best investment opportunities in the nation, thanks to the combination of low inventory and rising prices. It’s among the top eight rising markets in the United States. Whether you are looking for a rental property or a home for your family, you should give Fort Myers a thought.