Gen Y residents are flocking to the Southwest Florida area. New jobs, education, home prices, affordability levels, and of course the sunny weather are some of the reasons we are hearing about. The biggest contributing factor is the local colleges surrounding the area. Graduation rates are increasing and so are the Gen Y incomes. Just here is Lee County alone we have Edison State College, Hodges University, FGSU, Southwest Florida College
Prices corrections have played a huge factor in the new wave of Gen Y buyers moving into the communities. Certain Gated communities such as Sandoval and Cape Royal are seeing a spike in occupancy rates. These communities offer medium priced homes with family amenities which make them much more attractive than your basic community pool and tennis court.
The home ownership opportunities have become within reason for the Gen Y population to justify purchasing a home with value and quality starting to increase. In the early 2000s the prices shot up high and fast which caused uncertainty in the market making it difficult to justify buying homes.
The Gen Y group is attracted to the area for a number of reasons other than housing and schools; the downtown Fort Myers River district has a fantastic night life with multiple restaurants, pubs, nightclubs, and coffee shops. The luxury style updates made to the entire district in the past few years has increased the level of interest for all ages. Beautiful Cobble Stone style roads to keep the old time feeling, palm trees lining the roads, and older brick buildings keep the old world feeling with new world amenities.
Fort Myers Beach and Sanibel are always a relaxing choice for the Gen Y population. Beaches in SW Florida are rated some of the best in the country every year.
A few other Neighborhoods that the Gen Y groups tend to be attracted to are Cape Harbour, Gateway of Fort Myers, Colonnade at the Forums, and The Timbers. If you are interested in more information on any of these communities and what they have to offer then contact us at 239-542-8521 or email inquiry@floridafutureagents.com
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