Gulf Coast Associates' Blog: Local SW Florida

Seems Collier County officials and the Collier County Planning Commission (CCPC) did not think through the unintended consequences of a compromise made with Federal Emergency Management Agency (FEMA) officials back in 2005 regarding the adoption of proposed new digital flood zone maps.

Under the new changes to the floodplain ordinance, approximately 50,000 home and businesses could be required to carry more flood insurance or face having to obtain a exemption from FEMA. The net effect would be turning most of Collier County into a special flood hazard zone requiring mandatory flood insurance which would drive up costs substantially.

Most affected would be the Golden Gate Estates and Immokalee areas of the county which would be designated as prone to…

The mid year Ft. Myers Beach real estate market sales statistics for both homes and condominiums are listed below. Ft. Myers Beach is the "happening" locale on Southwest Florida's Lee Island Coast. Ft. Myers Beach offers every amenity you can imagine- from seven miles of wide sandy beaches, golf, boating, fishing and more than anything else - relaxing. The Beach as its known, is eclectic and diverse. It draws visitors from all over the world and you'll find all sorts of folks from generations of families to Easter Break kids. There's nothing else quite like it anywhere in Southwest Florida.

Ft. Myers Beach, Florida Sales Data

Ft. Myers Beach Home Sales January-June 2009*:

• 59 Closed Sales
• Average Sales Price - $420,361
• Median Sales…

The mid year Estero real estate market sales statistics for both homes and condominiums are listed below. Estero is ideally located between Ft. Myers and Naples is currently in the process of building and developing wherever you travel in the area. Developers are offering every type of community you can imagine, from large gated and planned communities, to smaller town centre type projects where the amenities are built around a self-contained lifestyle.

Estero, Florida Sales Data

Estero Home Sales January-June 2009*:

• 270 Closed Sales
• Average Sales Price - $266,218
• Median Sales Price - $226,500
• Average Days on Market - 140
• Average Sales Price/Square Foot - $123.63

Estero Condominium Sales January-June 2009*:

• 209 Closed…

The mid year Ft. Myers real estate market statistics for both homes and condominiums are listed below. Ft. Myers, known as the "The City of Palms", sits along the natural splendor and shoreline of the Caloosahatchee River and is renowned for its fabulous winter weather. The city is a metropolis bustling with historical, cultural, and ecological attractions and the downtown area is undergoing major renovations in order to keep up with its continuing growth.

Ft. Myers Sales Data

Ft. Myers Home Sales January-June 2009*:

• 4190 Closed Sales
• Average Sales Price - $113,355
• Median Sales Price - $59,900
• Average Days on Market - 44
• Average Sales Price/Square Ft. - $58.95

Ft. Myers Condominium Sales January-June 2009*:

• 1311…

The mid year Cape Coral real estate market statistics for both homes and condominiums are listed below. Cape Coral, known as the "The Cape" to locals, is one of Southwest Florida's most rapidly growing areas. It is the 3rd largest city in Florida in terms of land mass and features over 400 miles of both fresh and salt water canals - many with gulf access.

Cape Coral Sales Data

Cape Coral Home Sales January-June 2009*:

• 3596 Closed Sales
• Average Sales Price - $129,363
• Median Sales Price - $93,850
• Average Days on Market - 72
• Average Sales Price/Square Ft. - $69.39

Cape Coral Condominium Sales January-June 2009*:

• 243 Closed Sales
• Average Sales Price - $121,630
• Median Sales Price - $94,450
• Average Days on…

The mid year Naples real estate market statistics for both homes and condominiums are listed below. Naples, known as the "Crown Jewel" of SW Florida's Gulf Coast, is a truly cosmopolitan, quaint, and cultural city that has transformed itself into a dynamic international and world renown destination.

Naples is also the jumping off point to the Everglades, Ten Thousand Islands and the Big Cypress National Preserve, all of which are perfect places for photography, bird watching, and where alligators roam, and ghost orchids hide. This is where you can enjoy outstanding outdoor sports, such as fishing, trekking or canoeing. And don't forget, Naples' famed beaches offer miles upon miles of white sandy havens where you can spend hours doing nothing more than…

The January thru September Ft. Myers real estate market statistics for both home and condominium sales are listed below. Now a blend of young and old, Ft. Myers is known for its fabulous weather and is a city bustling with historical, cultural, and ecological attractions that draws both visitors and residents from around the world.

Ft. Myers Sales Data

Ft. Myers Home Sales January-September 2008*:

• 1180 Closed Sales
• Average Sales Price - $346,932
• Median Sales Price - $192,000
• Average Days on Market - 122
• Average Sales Price/Square Ft. - $150.20

Ft. Myers Condominium Sales January-September 2008*:

• 939 Closed Sales
• Average Sales Price - $210,207
• Median Sales Price - $159,000
• Average Days on Market - 137
…

The January thru September Cape Coral real estate market statistics for both home and condominium sales are listed below. Cape Coral, known as the "The Cape" to locals, is one of Southwest Florida's most rapidly growing areas. It is the 3rd largest city in Florida in terms of land mass and features over 400 miles of both fresh and salt water canals - many with gulf access.

Cape Coral Sales Data

Cape Coral Home Sales January-September 2008*:

• 3140 Closed Sales
• Average Sales Price - $194,641
• Median Sales Price - $121,000
• Average Days on Market - 79
• Average Sales Price/Square Ft. - $100.21

Cape Coral Condominium Sales January-September 2008*:

• 254 Closed Sales
• Average Sales Price - $177,761
• Median Sales Price -…