Fort Myers Rental & Property Manager
Management Group 1 is a full service real estate company, specializing in single-family homes, leasing and commercial property in the Fort Myers market.

Prices have dropped tremendously in Fort Myers. Florida is reeling from an astonishing resurgence of sales greater than 125 percent in September. Following years of investor-driven profit, prices have been leveling at a shocking rate, at least to those who had vulnerable loans. But to buyers who were priced out because of risky deals by those attempting to gain speedy profits, the price modifications have attracted them to return into the market.

Prices have plummeted so low that residents can’t help themselves to hastily sign contracts.

The fall in new home development is another factor affecting the amazing growth in resale units so far this year. New home supply in Ft. Myers is also descending precipitously. Building permits for single-family homes have plunged 71 percent in the latest reporting period. For now, condominium construction permits have fallen 62 percent.