Experts closely watch SWFL real estate market after Helene, Milton

Author: Nancy Semon, Gulfshore Business
Published: Updated:

Realtors and analysts are monitoring recent residential real estate transactions in Southwest Florida to gauge whether prices will remain steady, decrease or increase in the aftermath of hurricanes Helene and Milton.

“It depends on the location,” said Shelton Weeks, Lucas Professor of Real Estate and director of the Lucas Institute for Real Estate and Finance at Florida Gulf Coast University.

He referred to Charlotte County as “an area double hit with flooding” over the last month, noting that buyers have more of an awareness of flood risks.

A new state law that went into effect Oct. 1 mandates sellers disclose whether their homes have been flooded, said Carla Nix, a residential Realtor with The Nix Team at Coldwell Banker Sunstar Realty in Punta Gorda.

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