All in the Family

New single-family home prices in Collier and Lee counties are rising at such a fast clip that builders are angling for the next opportunity: multifamily housing.

Multifamily housing is marketed in many ways, from condos to townhomes and carriage homes. But the idea is to fit more homes onto the same acreage so it's more affordable.

In a recent presentation to the Collier Building Industry Association, land broker Ross McIntosh highlighted the challenge: Out of the 34 major residential communities in Lee and Collier counties, only four reported average single-family selling prices below $250,000. Every other community's prices had jumped over that threshold price.