Florida’s real estate market is taking a slow dive here in South Fort Myers. My wife and I bought our 3-bed townhome near Gulf Coast University for 400k in 2020. Now identical homes in our complex are listing for 320-$360k – some have been on the market over six months with zero offers.
Three years ago I laughed when friends warned about hurricane impacts, but sure enough, prices started dropping after Ian and Nicole hit. Still, we’re glad we went for the smaller, more affordable option instead of the 600k + single− family homes the agents were pushing. Our HOA stays reasonable (1,500-$1,800/year) since we avoided those fancy golf course communities.
Sure, we overpaid at the peak, but that’s why we chose something we could actually afford without relying on equity. Now we’re just praying our payment plan stays manageable through whatever comes next.…