New England-based retirees are flocking south to Ft. Myers, Fla., and gobbling up cheap bank-owned homes that range in price from $20,000 to $150,000, according to Boston.com.
The reason for the mass snowbird migration? Baseball.
Yep, the Fenway faithful are taking advantage of the unbelievable real estate market conditions (all-time low home prices and interest rates) to get a little closer to their favorite Major League Baseball (MLB) team, the Boston Red Sox.
A local broker neatly sums up the feeding frenzy:
“People from New England are buying like crazy here.”
The 2004 and 2007 World Champions currently play spring ball at City of Palms Park, which was built in 1992. And a new $100 million spring training stadium that is scheduled to open in 2012 is expected to keep the club there for years to come.
So if you’re in the market for a vacation home in the area you better act now before it’s too late! Search for foreclosure homes in Ft. Myers before the hardcore fans clean out the good inventory right here. It’s free for seven days.
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