Real estate market flooded with sellers
Conventional wisdom has held for months that the meteoric rise of the real estate market couldn’t continue in Southwest Florida.
Year-end sales data shows that in some south Lee County and Collier County ZIP codes, median single-family home prices doubled or nearly doubled from 2003 to 2005.
In Bonita Springs, for example, the median price in the 34135 ZIP code almost doubled in the two-year span from $170,000 to $330,000, according to data from First American Real Estate Solutions.