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Remember foreclosures?
For several years during the real estate collapse, Lee County was the epicenter of the foreclosure crisis. It's safe to declare that's over now, says Jeff Tumbarello, executive director of the Southwest Florida Real Estate Investors association, a group that tracks the monthly foreclosure data closely.
As of March 31, there were 5,227 foreclosure cases winding their way through the Lee County courts. On March 31, 2010, there were 22,187 cases and in 2008 there were more than 25,000 cases.
“More and more, the evidence is apparent that the correction's over,” Tumbarello says in his monthly report.
That's reflected in the numbers that Realtors are reporting, too. For example, the Realtor Association of Greater Fort Myers and the Beach says that just more than 80% of existing-home sales in March were traditional sales, while short sales and foreclosures represented just below 20% of the number of sales.
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