Cape Coral residents and visitors say the Southwest Florida city has a lot to offer, and Forbes magazine agrees. The national business publication lists the Cape among 25 cities from across the nation as a desirable retirement destination. Sarah Coward/news-press.com
Naples didn’t make the cut on Trulia’s list of the top 10 real estate markets poised for growth in 2017. But, Fort Myers and Cape Coral did, with the metro area coming in at No. 2 as one of the “hottest real estate markets to watch” this year. The story that goes with the ranking, lauded the area for its weather, high job growth and sharp drop in vacancy rates over the past year
“And then Fort Myers, Florida is home to baseball’s Boston Red Sox and Minnesota Twins during spring training every year, which boosts the economy even more every spring,” said Pat Eberle of RASO Realty in Cape Coral.
Four other Florida markets made the list: Jacksonville (No. 1); Deltona-Daytona Beach-Ormond Beach (No. 3); Tampa-St. Petersburg (No. 5) and North Port-Sarasota-Bradenton (No. 10).
The list is based on five key metrics: high affordability, strong job growth, low vacancy rates, home searches on Trulia – and a big population of Republicans (because of Donald Trump’s surprise win in the presidential election).