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FORT MYERS — March 2011 was a strong month for real estate sales in Fort Myers. Total single-family homes sold increased 6% over the year, to 1,566 properties, and the median sale price rose 3% over the year to $92,816, according to the Realtor Association of Greater Fort Myers and the Beach Inc.
As a result of the month's activity, residential inventory is down 15% over the year as well, data from the Realtor Association shows.
In addition to the positive trend in the number of homes sold, March ended with good results in the types of properties sold: 45% of the month's closings were traditional sales, while 35% were foreclosure sales and 20% were short sales. Over the past six months, 41% of closings had been foreclosure sales, compared to 39% traditional sales.
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