Southwest Florida has witnessed a steady increase in home prices in the post-recession period. However, despite all this progress a report released in April shows that the prices are far away from the peak prices witnessed when the housing industry was experiencing a boom.
RealtyTrac, a research firm based in Irvine Calif says that the home prices in the area (Southwest Florida) were below their peaks by a higher margin than anywhere else in the whole nation. The good news is that they are recovering well like in other parts of Florida.
The Vice President of RealtyTrac, Daren Blomquist says that most areas in Florida have not recovered to the peak prices seen when the housing industry was booming. The median prices for homes in Collier were down by
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