Prices for existing homes in Lee County were higher in March than they were a year earlier – the first time that’s happened in almost four years.
The median price of an existing home sold with the help of a Realtor reached its all-time high of $322,300 in December 2005, according to Florida Association of Realtors [...]

Cliff Williams, bass player for rock group AC/DC, has bought real estate tycoon Al Hoffman’s Gulf Harbour mansion for $5.12 million five years after Hoffman first put it up for sale.
Williams will only have to move a few streets to occupy his 13,000-square-foot house. He and his wife, Georganne, already live in Gulf Harbour Golf [...]

Foreclosures filed in Lee County fell in March to 1,198 – down 16 percent from February and lower for the first time in recent memory than the number of public auction sales of foreclosed properties.
“It’s the first time we’ve truly disposed of more out the doors of the courthouse since it (the collapse of the [...]

The Cape Coral-Fort Myers area is the second most undervalued residential real estate market in the country, according to a new research report.  That means this is a good time for investors looking to buy land, experts say.   “Is land undervalued?” asked Fort Myers-based real estate broker Randy Thibaut of Land Solutions. “Yes and no. [...]

Sales of existing single-family homes in Lee County rose from 1,115 in January to 1,261 in February, while the median price fell from $91,000 to $88,000, according to statistics released today by the Florida Association of Realtors.
Sales were up 44 percent in February from the previous year while the median price fell 10 percent, the [...]

The Realtor Association of Greater Fort Myers and the Beach reported that 1,141 single-family homes were sold in February, up 21.9 percent from last year, and 12 percent from the previous month.
The median price of a single-family home was $85,000, compared to $90,000 a year ago.

Sales of existing single-family homes in Lee County got off to a strong start in January, rising 47 percent from a year ago to 1,115.
The median price of homes in Lee, however, fell 4 percent year-over-year to $91,000, according to statistics released Friday by the Florida Association of Realtors.
For condominiums, sales increased 165 percent to [...]

Lenders filed 1,420 foreclosure suits in February in Lee County — up 16 percent from January’s 1,228, according to statistics released today by the Southwest Florida Real Estate Investment Association.
February’s filings were down 49 percent from February 2009.
The pace of foreclosures in the county has been trending downward for the past several months.
Foreclosures peaked in [...]

Contractors pulled permits to build 34 single-family homes in unincorporated Lee County in February — the same as January and up from 25 in February 2009, according to statistics released today by the county Department of Community Development.
Permits were issued for 18 multi-family units, compared to 16 in January and eight in February 2009.
As in [...]

While Southwest Florida’s residential real estate market may have hit rock bottom, property owners and agents won’t be seeing the boom times of 2004 and 2005 in the foreseeable future. And the commercial real estate industry may face an even longer climb.
That was the message veteran brokers Denny Grimes and Stan Stouder delivered to more [...]