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FORT MYERS — The receding market for foreclosed single-family homes in the Fort Myers area pushed median prices of existing homes nearly 34% higher in March compared with the same month a year ago.
The median price for an existing single-family home in Fort Myers rose to $124,000 in March compared with $92,816 in March 2011, according to the Realtor Association of Greater Fort Myers and the Beach.
The jump in price reflects the shift in the kinds of existing single-family homes for sale in the Fort Myers area. For example, conventional sales made up 63% of sales in March compared with 35% in March 2011 because there were fewer foreclosures and short sales.
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