Home resales rose more than 80 percent in August in the Fort Myers area

Fort Myers area Realtors sold more homes in the first eight months of this year than they did in all of 2005.

Members of the Realtor Association of Greater Fort Myers and the Beach Inc. sold 13.6 percent more homes from January to August than they did in the height of the market four years ago.

In 2005, a total of 9,842 homes sold. This year, through August, Realtors in the Fort Myers area sold 11,178 single-family homes, according to a report by the Fort Myers Realtor association.

Sales were up 80.7 percent in August, compared to the same month a year ago. Year to date, sales are up 124.9 percent, compared to the same months a year ago.

Realtors sold 1,317 single-family homes in August. More than 54 percent of them were bank owned, 18.6 percent were short sales and the rest were “conventional” sales.

Pending sales rose 51.5 percent to 1,752 last month. There were 1,157 in August 2008.
source: Naplesnews.com