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A 2020 look into the future, real estate industry trends

Breaking down SWFL's growth
Posted: 12:20 AM, Feb 26, 2020
Updated: 2020-02-26 00:20:16-05

ESTERO, Fla. — This year’s Market Watch event at the Hertz Arena provided a “2020 look into the future,” highlighting the latest real estate market trends and how they will impact the big picture for Southwest Florida.

Lehigh Acres, Fort Myers, and Cape Coral have been ranked among the fastest-growing cities in the United States, which means more growth opportunities for housing and businesses.

As more people move to SWFL, experts say it is becoming a year-round destination.

“Our base is growing and we have a full time economy here in SWFL, ” said the founder of CRE Consultants, Stan Stouder.

“It has often been featured as one of the fastest-growing places in the country, ” said CEO of LSI Companies, Randy Thibaut.

Commercial real estate agent, Randy Thibaut says the area has always attracted value-conscious buyers.

“It is about price value and experience,” said Thibaut.

About eighty percent of the housing marking in Lee County is priced at $300,000 and below.

Homeowners, Sue and Mike Hurden note one of the reasons they moved here from New Jersey 3 years ago.

“It is also affordable for all people,” said Sue Hurden.

The cost of property taxes is where this couple has seen a great difference.

“The same home that we were paying for up north, we were paying about $11,000 whereas here we are paying a couple thousand, ” said Mike Hurden.

Experts say industry trends predict a steady increase in development over the next several years.

“Our market is poised to have a great 2020 and beyond, the economy is favoring us demographics are favoring us, ” said Denny Grimes of Keller Williams Realty.