Property Market in Fort Myers, Florida
Buying Real Estate in Florida
Fort Myers Beach
Fishing Pier Fort Myers Beach
- Population: 62,000
- Condo: $100,000 – $2.4m
- Family home: $250,000 − $14m Waterfront: $500,000 – $14m
- Investment Potential rating: ***
- Nearest International Airport: Southwest Florida International Airport – 14 miles.
Fort Myers is a smallish city that forms the gateway to Florida’s southwest, and primary tourism destinations. The city has year round warm weather, as its climate lies on the cusp between tropical and sub-tropical. As with much of Florida, the warm winters make it popular for snowbirds (people looking to escape cold winters).
Indeed, two of the city’s most famous residents, Thomas Edison and Henry Ford, famously were doing just that when they chose Fort Myers to build their beautiful estates, which are now tourist attractions. Fort Myers is popular for its fishing, beaches and shopping, with an historic downtown.
The city also benefits from having Southwest Florida International Airport 10 miles away, and for international buyers this is a bonus as it’s served by many direct flights from Europe.
Fort Myers is a very popular market for Europeans, with some Realtors reporting that European clients make up 80 percent of their business. There are flights to Fort Myers from Dusseldorf, which creates a popular route for many Europeans who choose to connect from their home city, through Dusseldorf, direct to Florida.
Ft Myers Property Market Summary
The median home price in Fort Myers is now at $189,000 which is a seven percent increase on a year ago, and inventory has decreased by 18 percent in the same period.
This indicates that inventory is low, and it’s a competitive market, but prices aren’t perhaps rising as fast as in some of the other Florida markets. However, that’s not necessarily a bad thing: steady and healthy appreciation is always indicative of a stable market.