Doreen, Home Buyer in Woodstock, GA

We are in the market for a vacation home/townhouse (at least 2 bedrooms, more are a plus). Prefer to be in a

Asked by Doreen, Woodstock, GA Fri Jan 16, 2009

gated community with a pool with a garage.

Which area, Fort Myers vs. Port St. Lucie, will provide a better return in the long run?

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Answers

5
Bev LaLonde’s answer
Doreen, a basic answer depends on your situation: do you plan on moving to this location, and if so, in what time frame? The east and west coasts of Florida have very different personalities, so one of your primary considerations should be how each area fits your desired lifestyle. You don't want to purchase a property, only to put it back on the market in a year or two because you don't enjoy the area—something that happens a lot in Florida!

I'd be happy to give you an overview of why many Midwesterners, like myself, move to the Fort Myers area (in addition to the great weather, year-round golf and tennis, laid back lifestyle, of course!)

Bev LaLonde
Sellstate Select Realty
16520 S. Tamiami Trail, Fort Myers FL 33908
239-628-3291
bevlalonde@sellstate.com
0 votes Thank Flag Link Mon Jul 20, 2009
Hi Doreen,

This is a tricky one, however they have both something in common, prices have been diping all through 2008 in both cities. Fort Myers is a much larger area but they are basically going through the same trends.IN black and white its more of a questions of what the average income of the city is compare to the average selling price of a city. The larger it is the more time it will take for the market value of homes to readjust. That works for the whole USA.
The other major factor: The unemployement rate. Port Saint Lucie is part of a county which has one of the highest unemployement rates in Florida, however Cape Coral which is part of the same county as Fort Myers has one of the highest growth rate in the country.I will stay objective: Fort Myers has also a high unemployement rate.Just not as high. Real Estate Agents should not predict future markets.I am betting that Fort Myers would get out of this mess sooner specially as it has spend over one billion dollars renovating its downtown.But that is my personal opinion.I have seen Port saint Lucie and liked it. I underline that this is only my personal opinion and I am not an economist. Every thing is for sale in both cities...and both have seen a huge jump in sales. I can tell you that the deals I have seen in Ft Myers are impressive.They are low!.

Above all its more of a question of what property you will buy and at what price and in what location..If for example you buy a foreclosure in Fort Myers, and have done your proper work and reseach with your agent, then you should do well in 3-5 years.Its not a flipper time as you know. So your best return is not just which city will offer the best return, this will count, its above all what you will pay for it now. One has to know foreclosures and short sales in this market. There are no crystal balls.Its all hard work and research. Call me and lets talk about this more in details.

LLoyd Nichols
realtorlloydn@aol.com
Right Choice Realty LLC
cell: 239-810-2980
office: 239-463-5217
Activerain Local Blog: http://localism.com/neighbor/lloydn
Active Rain Blog: http://activerain.com/lloydn
Website: http://www.mlsouthwestfloridahomes.com
Search the MLS in Southwest Florida
0 votes Thank Flag Link Sat Jan 17, 2009
Doreen,

A very good question and an extremely tough one to answer.

First of all, an agent in Ft. Myers, even one that studies the economic trends is not likely to know the data for an are that is 125 miles away and vice versa. You will have to discover the economics independently.

You asked about return in the long run. Does your happiness with where you live for part of the year enter into the equation or is it strictly purchase dollar vs resale dollar? Or, does cost of maintaining and cost of living enter into the equations as that may differ from location to location.

Doreen, real estate is an investment, but you can't analyze it with a black and white prospectus like you can a stock certificate. I recommend you take enough time to visit both areas make a decision on where you prefer to have a second home, and then go from there. I strongly suspect that the economic factors won't differ that greatly, but I would have to be an expert in both markets to make an actual claim with a high degree of certainty.

I can help you with the Ft. Myers economics, feel free to contact me directly anytime.

Sincerely,

Tom Bernardo, Realtor, GRI
Keller Williams World Class Realty
239-560-6702
tombernardo@earthlink.net
0 votes Thank Flag Link Sat Jan 17, 2009
Hi, Doreen,

There are several communites in South Fort Myers that may do for you, not far from Fort Myers Beach, such as Laguna and Calusa. Beautiful communities and great ammenties. Please feel free to email me or call and I'll send you listings of available properties.

LLoyd Nichols Right Choice Realty LLC
Realtorlloydn@aol.com
cell: 239-810-2980
office: 239-463-5217
Activerain Local Blog: http://localism.com/neighbor/lloydn
Active Rain Blog: http://activerain.com/lloydn
Website: http://www.mlsouthwestfloridahomes.com
Search the MLS in Southwest Florida
0 votes Thank Flag Link Fri Jan 16, 2009
Hi Doreen,
We have many great properties avialable for what you are looking for.
Contact me and I would be happy to help you,
Nancy

Nancy Doyle
239-209-2237
http://www.nancydrealtor.net
0 votes Thank Flag Link Fri Jan 16, 2009
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