Fort Myers Real Estate Market & Home Inspection Area Focus

Fort Myers Florida: Revitalization, Recovery, and Restoration

As one of the places in Florida that was hit the hardest by the housing crisis and the economic downturn, Fort Myers is in the process of recovery and redefining itself. This city located on Florida’s southwestern Gulf Coast offers great beaches as well as thriving River District. Known as a favorite winter vacation destination since the days of Henry Ford and Thomas Edison, the City of Fort Myers is investing in make the city more appealing to its full-time residents, as well as tourist and snowbirds. This investment is paying off as home prices are on the rebound from their post-bubble lows and both prospective home buyers and investors are taking advantages of the values available in the Fort Myers area.

The River District: An Eclectic Downtown Area

Located on the Caloosahatchee River, the Fort Myers downtown River District has undergone extensive revitalization and is now home to a farmers market as well as art and music walks and an annual Art Fest. The new downtown streets cape won international acclaim when it was awarded the 2012 International Making Cities Livable Walkable Neighborhood Award. If a walking the River District is not an option, Lee Tran is offering a free trolley service through April 2013 with two routes that have stops in the most popular destinations in the downtown area.

Fort Myers Beach: White Sands and Beautiful Views

Fort Myers Beach and nearby Sanibel Island offer both visitors and residents the opportunity to enjoy spectacular views of the Gulf of Mexico and long walks on white sandy beaches year round. Many of the newer homes built on the waterfront have special windows and other technology to make them hurricane resistant. A home inspector can help potential buyers determine a home’s ability to withstand hurricane force winds and storm surges.

The Fort Myers Housing Market

During the past five years, home values in the Fort Myers area have depreciated 28.6 percent as the result of the high number of foreclosures and other distressed properties on the market. The residential housing market is recovering as evidence in the increase of 38.2 percent in the median sales prices of homes, which is $156,900 as of February 2013. The average listing price is $289,299 and the price of homes listed range from hundreds of dollars for foreclosures to millions of dollars for beachfront estate properties. Approximately half the homes listed in the Fort Myers area are distressed properties.

The Importance of Home Inspections

When you are a homeowner, a prospective buyer, or an investor, it is important to retain the services of a home inspector since the humid subtropical climate can take a toll on even the most well-built homes. For homeowners, you can ensure that your home is structurally sound. For home buyers and investors, you can make sure the property that you are planning to buy does not have structural issues, termite damage, mold issues, or other problems that crop up when homes are vacant for an extended period. A home inspection will help avoid any unexpected surprises so you can enjoy the revitalized Fort Myers area.

Fred Sylvester, of Accredited Building Consultants, is a State of Florida Certified Home Inspector and Commercial Building Inspector with over 35 years of construction experience. Fred specializes in Southwest Florida, including Home Inspections and Commercial Building Inspections in Fort Myers, Cape Coral, and Naples FL.
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