Did You Know?

Of the 649 homes that sold in the 10 months through July in Fort Myers, Florida 167 had been wrecked by Hurricane Ian, 20 of them selling for $1 million or more. The largest sale price was $3.8 million. The median price for a destroyed home was $564,600..... 6% more than the pre-hurricane assessed value. Buyers and developers with the resources to build fortress-like properties that can survive extreme weather have swooped into Fort Myers Beach, showing how hurricanes often don't deter those who can afford the cost of adapting.  Building these types of very resilient homes costs about $1,000/sf but they can withstand strong storms.  (Bloomberg)

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