A Market on the Rise in Southwest Florida

A Market on the Rise in Southwest Florida

A Market on the Rise in Southwest Florida

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The housing market throughout the United States was hit hard by the Great Recession, and Southwest Florida was certainly no exception. In fact, because the local area depends largely on tourism and the business of out-of-town homebuyers, one could argue that Southwest Florida was hit particularly hard because the local economy is so dependent on what is happening both nationally and internationally. Fortunately, as the economy recovers, so does the housing market, and Southwest Florida cities like Naples, Bonita Springs, Cape Coral, and Fort Myers are starting to reap the benefits. 

Some credit the newly thriving real estate market in Southwest Florida to its ever-increasing popularity among the “baby boomer” generation, a term that can apply to anyone born between 1946 and 1964. As more and more people from this generation reach retirement age, they seem to be especially attracted to the idea of retirement in Southwest Florida. According to a recent analysis from RealtyTrac, the population of baby boomers in Lee County has increased 27.6% between 2007 and 2013, and the numbers continue to look good as 2014 comes to a close.

The gorgeous sunny weather in Florida is not the only thing attracting this particular generation to the area. Not every baby boomer in Southwest Florida is retired, and new residents to the area who plan to keep working experience less ageism than they might in other areas of the country. They also may find it particularly easy to feel that they are part of a community, since so many other residents in the area share in their age group, interests, and lifestyle choices.

What is possibly most attractive about the real estate market in Southwest Florida is its overall affordability and spread out population. In another study performed by RealtyTrac, it was noted that baby boomers tend to leave dense cities with average populations over 800,000 and with median home prices around $260,000, and migrate towards places like Lee County, where the median home price is only $145,000. Add to that the fact that there is no state tax in Florida, and it’s easy to see why Southwest Florida is such a desirable place to live.

If you’re considering making the move to Southwest Florida yourself, than it might be wise to consider the benefits offered from having your very own custom designed home. A thriving market is certainly not exclusive to homes that are already standing, and applies to the cost of land and new construction in the area as well. Harden Custom Homes is one such Cape Coral custom home company that offers quality new construction homes in Naples, Fort Myers, Bonita Springs, and Estero as well. Please visit the experts at Harden Custom Homes to browse through current home models and start exploring your many options today.


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