Here on Sanibel Island, we are experiencing a dramatic increase in interest and real estate transactions since 2012. But interest has been growing throughout 2011. Below are links to recent news reports of interest to the Sanibel Island real estate market:
Florida Markets Dominate REALTOR.com Top Ten Turnaround Report
Realtor.com’s Top 10 Turnaround Town Report, based on third quarter 2011 data, includes six Florida markets: Miami, Orlando, Fort Myers-Cape Coral, Fort Lauderdale, Sarasota-Bradenton, and Lakeland-Winter Haven.
Florida Real Estate Market Starting Turn Around – The Vancouver Sun
Quote from article: “The buyers that we’re seeing, they’re for the most part second-home buyers who have been waiting. They’ve wanted to be down here for four or five years but all their plans got delayed because of the recession”
Our experience agrees with this observation.
TheStreet.com has crowned Fort Myers/Cape Coral as the Top Housing Boom Market in 2011.
In the article featuring our neighboring community, Paul Bishop of the National Association of Realtors, which operates Realtor.com. states “As the rest of the national economy stabilizes and picks up, vacation buyers will also look to snap up bargains.”