Friday, April 06, 2007

Fort Myers Cape Coral Real Estate Market Forecast


MONEY Magazine: Latest forecasts. Financing strategies. Renovation tips.

Cape Coral-Fort MyersPopulation: 440,888 FL

Market forecast (June 2006-2007) 9.3%
5-year historical change (2001–2005): 141.8%
5-year historical change, average annual: 19.3%
Change last year: 36.9%
FORECAST FROM FISERV CSW AND MOODY'S ECONOMY.COM

Median home value: $189,000
Median family income: $53,700
Median home value to median family income: 3.5

Sources:Population: U.S. Census Bureau, 2000Median Family Income: U.S. Department of Housing and Development, 2005Median Home Prices: Fiserv Lending Solutions, National Association of Realtors, 2005Historical change: Fiserv Lending Solutions, OFHEO, 2001 –2005Market forecasts: Fiserv Lending Solutions and Moody's Economy.com, June 2006 – June 2007

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