by Mike Colpitts 
Real estate investing in Fort Myers comes with more advantages than investing in a more urban market. There are a series of advantages to buying investment property in a resort market like Fort Myers, where the sunshine and the beach can be enjoyed when you marvel at the Gulf Coast.
There are also many other advantages to investing in Southwest Florida, including tax advantages. The tax write-offs are a major reason to jump into investment real estate – not to mention appreciation in good time. Finding out how to invest in real estate can be the key.
There are plenty of places to choose from in the Fort Myers area, from condos on the beach to a second home that can serve as a part-time rental property for vacationers. The inventory of homes and condos listed for sale is plentiful.
The big real estate news is that Southwest Florida has changed from a sellers’ market to a buyers’ market. Real estate investing advantages are numerous in Fort Myers. For more than a decade you could hardly make a mistake investing in real estate in Fort Myers, Naples, Cape Coral or North Fort Myers. Mortgage rates hovered at record lows. Some areas appreciated at an average of two percent a month at the peak of the market. The surge in home and condo sales that developed during the Covid epidemic was substantial. But that has changed as home and condo prices have declined.
Real Estate Investment
The volume of sales has gone up nearly 50% from February as the housing market moves into the robust summer season. Mortgage rates have begun to stabilize around 6.5%, driving more consumers to consider making a purchase. The stabilization in rates is taking hold.
Fort Myers is a growing city with only 109,412 year-round residents. The real estate market is getting healthier and beginning to show solid signs of moving out of its doldrums. Sales were slow for nearly three years before picking up in February. Hundreds of new homes, townhouses, and condominiums are being built. Real estate investing is becoming very strong in the local market.
A few years ago the Southwest coast of Florida saw constant appreciation in home and condo prices. Hardly anyone needed to know much about real estate to make money buying and selling real estate, but things have changed. The keys on how to invest in real estate has become more complicated.
How to Invest in Real Estate
However, growth has remained amazingly resilient with a series of hurricanes to hit the region. It comes as no surprise that with the increase in interest rates, prices are declining on homes and condos. However, new home builders are still constructing new homes and new condominium developments are being planned and built as the local real estate market changes.
Real Estate Investing Advantages
Real estate tends to run in cycles, with major booms and busts. Learning how to invest in real estate is key to making a solid investment. Buying when the market’s prices are down like the current environment with the right real estate agent can be one of the best investments of a lifetime. The advantages are numerous.
Every real estate market is different and local in nature. The advantages of real estate investing in Fort Myers out-weighs many other places in the state that is known for being the Sunshine State. Fort Myers has some of the lowest home and condo prices in any resort market in Florida.
Many more investors will come to the beautiful Southwest Florida coast to buy real estate, especially with prices declining, where you can enjoy sandy beaches and relax in the warm sun. If you’re considering a purchase, getting the investor’s edge in real estate is crucial. If you’d like more insight on how to invest in the Fort Myers area just contact us.