Naples, Fort Myers and Cape Coral all make recession recovery list


FORT MYERS, Fla. — Newly-released economic indicators and real estate statistics show Southwest Florida continues to rebound this summer on the six-year anniversary of the “Great Recession.”

Naples and Fort Myers/Cape Coral made the top 20 list of career website’s “Most Recovered Cities.”

Drops in unemployment and hourly-wage increases were factors in the rankings.

Unemployment in Naples and Fort Myers/Cape Coral has dropped more than six-percent since the summer of 2009.

The hourly wage has increased an average of five-percent in Naples since 2009, and one-percent in Fort Myers/Cape Coral.

Home sales continue to be strong in all cities across Southwest Florida.

Median sales prices of single-family homes saw an increase of six-percent compared to June of 2014, condo sales prices were up more than eight-percent.

Listed homes in June spent an average of two weeks less on the market than in June of 2014.
But even with strong evidence of continued recovery, the economy has not returned to its pre-recession state.

The historic Alderman House for sale in downtown Fort Myers is currently listed online for $599,000.

It sold in 2005 for more than $1.5 million.

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