Fluctuating home prices in Fort Myers, Florida: What causes this?

Over time, the worth of a house will fluctuate up and down. House values appreciate in the long term usually. But, of course, in real estate there is always a certain amount of risk.

When your property appreciates you have a bigger asset to borrow against, and you get a higher profit when you sell. There are various reasons why property values in Fort Myers rise and fall. So, how will you be sure what you're buying now will appreciate over time? Choosing an agent in Fort Myers who knows the factors that affect local prices is the most important factor.

  


A lot of people believe that the economy is the most important factor affecting real estate appreciation. Obviously, interest rates, unemployment, business growth, government programs and some other national determinants have a measurable effect on your home's worth. However, your house's value and the factors that play the biggest role in its appreciation are specific to the local Fort Myers economy and housing market.

Let D Rice Realty help you with your first home purchase in Fort Myers Access to services - People typically want homes in the areas with the most convenient amenities, like our schools and jobs. So those communities often appreciate, or keep their value, best.

Recent sales - Your REALTOR® should provide you with figures on the recent real estate sales in the areas that you're interested in. You'll want to know average time on market, selling versus listing price and more.

The appreciation history - Is the community thought of as desirable because of its location or affordability? Have property prices increased or decreased over the last 5-10 years?

The local economy - Are local companies hiring? Have companies moved into or away from an area? Is there a fair mixture of work in an area, or does it rely upon just one industry? Is the mix of commercial and residential development changing? Each of these items plays a part.

It's important to be informed about the factors that impact your home's value. Click here to get an estimation of your house's value. Have any questions? Please feel free to call me at 239 415-3755 or e-mail me.
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