Florida Recession-Proof Cities For Real Estate in Florida…

When i hear Recession-Proof Cities For Real Estate, it brings great joy. In this real estate market home sale are all over the place, mostly on the low side. Recession-Proof Cities For Real Estate have been brougth to my attention by Forbes.com. Take Fort Myers, Florida, for example. It lands on Forbes list of Recession-Resistant Cities For Real Estate in Florida. Fort Myers has lots to offer like beautiful scenery and constant sunshine; a warm, year-round climate, and fairly low utility costs. It also
has very nice people and wonderful restaurants and more…  However  this area, along with much of South West Florida, relies primarily on tourism. As a result, jobs are mainly servicerelated, and not always very easy to get. When the tourist season ends, companies cut back on hours, and steady work is a challenge to get during the off-season unless you are lucky.

Fort Myers Florida Demographics:

As of the census of 2000, there were 6,561 people, 3,425 households, and 2,048 families residing in the town. The population density was 2,290.9 people per square mile (885.7/km²). There were 8,429 housing units at an average density of 2,943.2/sq mi (1,137.9/km²). The racial makeup of the town was 97.24% White, 0.08% African American, 0.38% Native American, 0.29% Asian, 0.03% Pacific Islander, 0.99% from other races, and 0.99% from two or more races. Hispanic or Latino of any race were 3.46% of the population. Read more

Here are the nation’s 4 out of 10 most recession-proof cities:

Fort Myers, Florida
Median home price: $126,100
Second Quarter 2011 Price Increase: 3.7%
First Quarter 2011 Price Increase: 2.9%
Price Plunge Since Peak: 58.6% decline

Port St. Lucie, Florida
Median home price: $112,600
Second Quarter 2011 Price Increase: 2.5%
First Quarter 2011 Price Increase: 1.1%
Price Plunge Since Peak: 55.7% decline

Sarasota, Florida
Median home price: $143,000
Second Quarter 2011 Price Increase: 6.7%
First Quarter 2011 Price Increase: 3.4%
Price Plunge Since Peak: 22.1% decline

Destin, Florida
Median home price: $159,300
Second Quarter 2011 Price Increase: 5.6%
First Quarter 2011 Price Increase: 0.9%
Price Plunge Since Peak: 37.2% decline

Here are Reports From Forbes.com and Fox news links Below:

Bank Owned Home/Reo, Punta Gorda, Florida 3818 WHIPPOORWILL BLVD

Great Opportunity To Own A Waterfront Bank Owned/Reo Home In Punta Gorda Isles, FL.
Special Conditions: REO/Bank Owned
Remarks : NEW BIG $14,000 price reduction ! Sailboat saltwater canal pool home with boat lift. Good condition with hurricane shutters a central vac. stone counter kitchen, high ceilings and a great room feeling in the open living area with a view of pool.

Bank Owned Home/Reo Punta Gorda Isles Call (941) 249-2366
Bank Owned Home/Reo Punta Gorda Isles Call (941) 249-2366

Address:

City: Punta Gorda, Florida
County : Charlotte County
Property Type:
Single Family House
Size:
1871 living sf
Bedrooms:
3
Bathrooms:
2
Year Built : 1986
After Repair Value: $349,500
Asking Price: $265,000
Equity: $84,500
Flexible on price?
Need Info On This Bank Owned Home? (941) 249-2366

Nicolas Cage Sells House At a 60 Percent Loss Wow!

Well like they say, One mans loss is another mans gain. Nicolas cage loss big time on his 27-acre-estate. This proves that not only the poor are getting hammer by this buyers market. South West Florida has allot of opportunity for people that thought they would never be able to afford there dream home. Well now with current low interest rates at a all time low, make it possible to afford that 3/2 water front home.

Nicolas Cage Sells House At a 60 Percent Loss