Lehigh Acres Makes Top 20 List of Most Affordable Real Estate

Mel Toadvine of lehighacrescitizen.com reported that Coldwell Banker and Preferred Properties broker and owner Fred Elliott released a statement and named Lehigh Acres as the 16th most affordable real estate market in the country. In Florida, Lehigh Acres real estate is considered one of the most flourishing municipalities. This study by Coldwell Banker reported their national figures in the annual Home Listings Report.  On addition, the study was based on the sales of four-bedroom, two-bath house in 2,479 markets. In Lehigh Acres, the average sales price for a property is at $92,819.

The report also mentioned that the least affordable in the national scale are Los Altos, Calif., at $1,706,688. Cape Coral is ranked 1,253rd at $233,177. Fort Myers came in 972nd at $295,866; and Naples came in at 1,880th at $355,356th. According to real estate experts, there are 600 homes today on the market in Lehigh Acres, price range from $35,000 to $250,000. The average affordable price may be closer to $75,000.

"Historically, homes in Lehigh have traditionally been affordable. The same house here sold for a lot less than the same home in Cape Coral and other areas," Elliot said. "During the building boom, we had a lot of inventory of new homes and as for me when I am talking to people up north, I always say 'it's fresh air and sunshine here and that draws a lot of people to look at Lehigh as a place to move to or a place to buy a home for retirement. And now with a healthier economy, it allows people to look for affordable housing. And Lehigh is a great place to buy because it is close to the attractions of Southwest Florida. We're not far from the beaches and we are accessible to all that is available in other parts of the county," He added.

According to experts, there are many people coming in and calling from up north to check out the available Southwest Florida real estate Many are middle aged people who want to buy houses and settle in retirement homes in this part of the country. As the economy turns around and many are interested to invest in Lehigh Acres, the city is seeing a bright future ahead.
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