Living in Florida, we’ve all seen our fair share of very expensive homes and SWFL cities have made a list of those with the most expensive homes in the state.
I love driving around Sanibel, Captiva, Fort Myers Beach or neighborhoods like Gulf Harbour and Port Royal and looking at those huge houses and dreaming..ahhh maybe one day.
Stacker put together a list of cities with the most expensive homes in Florida using data from Zillow , ranking them by the Zillow Home Values Index for all homes as of July 2022. And we are talkin’ big money. The most expensive city on the list has a typical home value of $8,321,638, the state average is $402,837.
If you’ve been in the market for a house, I’m sure you’re very familiar with the real estate market and how much higher houses have been priced over the last few years. In fact, Florida home values have risen by 81% over the past 5 years and the same trend is projected for the next 5 years. If you’re a seller, of course this is great news because the value of home has gone up and you’ll have your pick of offers, however if you’re buying, not only is selection limited, but higher mortgage rates may cause you to have to spend less or postpone your purchase.
Looking at some of the properties in the cities on this list, there is definitely no shortage of money!