Price Spike

Prices for existing single-family homes in Collier and Lee counties have surged in recent months by 20% to 30% compared with the same months last year.

These price increases are steeper than in other areas of the Gulf Coast, suggesting that residential real estate in Collier and Lee counties may be recovering faster.

There's no single reason for the big jumps, but experts point to fewer foreclosures, shrinking inventory, low interest rates, increased demand and investor interest.