be that Joe Smith Home Buyer could see 20 homes in a day and love 2 or 3 of them put an offer in and purchase it that day. Today if Joe Smith Home Buyer is able to see 5 homes a day or 10 in a month, because inventory is so low and one of them he sees hits 7 out of 10 wishes on his wish list, well then he better pick it up. If he doesn't he is likely to purchase something with only 6 out of 10 items on his wish list or worse yet, might only get 50% of his wishes. When searching for your dream house there are many things to consider so please buyer, visit my son's blog finding that Dream House. Now, if you are Suzy Q Home Seller, today's news couldn't be better!! For sellers who have tried to compete with the REO market only to learn that lenders hate real estate and they hate not selling it in under 30 days and they are motivated beyond all reason to lower the price to get it sold, well that price competition is moving out of the way for Suzy Q Home Seller. If you considered selling your home this past year but thought better to wait, I commend you and say your wait could soon be over. Does this mean Fort Myers Real Estate is going to rebound and recover in the next 12 months? I predict it will "recover" in that people who want to sell can sell and people who want to buy will still be out there, but in terms of gaining prices back that we say in the 2005, that will still be years down the road, in fact my son wrote a blog on that as well.
Showing posts with label cape coral single family homes. Show all posts
Showing posts with label cape coral single family homes. Show all posts
Thursday, April 7, 2011
Fort Myers Housing Market Nearing Bottom, according to Zillow.com
We have great news that hit USA Today's front page today for Fort Myers Real Estate. According to the article in USA Today, Fort Myers Real Estate is one of six cities in America that have gone through the worst part of the foreclosure and mortgage crisis that took America by surprise in 2006 through today. The foreclosure filings in Lee County have dropped some 28% in a year and the inventory available to purchase has decreased by 52%, according to the article. What does that mean for Suzy Q HomeOwner and Joe Smith Home buyer? If Joe is an end user who will move into the property as his primary residence and stay in the home for years to come, then his choices for availability are limited. It used to be that Joe Smith Home Buyer could see 20 homes in a day and love 2 or 3 of them put an offer in and purchase it that day. Today if Joe Smith Home Buyer is able to see 5 homes a day or 10 in a month, because inventory is so low and one of them he sees hits 7 out of 10 wishes on his wish list, well then he better pick it up. If he doesn't he is likely to purchase something with only 6 out of 10 items on his wish list or worse yet, might only get 50% of his wishes. When searching for your dream house there are many things to consider so please buyer, visit my son's blog finding that Dream House. Now, if you are Suzy Q Home Seller, today's news couldn't be better!! For sellers who have tried to compete with the REO market only to learn that lenders hate real estate and they hate not selling it in under 30 days and they are motivated beyond all reason to lower the price to get it sold, well that price competition is moving out of the way for Suzy Q Home Seller. If you considered selling your home this past year but thought better to wait, I commend you and say your wait could soon be over. Does this mean Fort Myers Real Estate is going to rebound and recover in the next 12 months? I predict it will "recover" in that people who want to sell can sell and people who want to buy will still be out there, but in terms of gaining prices back that we say in the 2005, that will still be years down the road, in fact my son wrote a blog on that as well.
be that Joe Smith Home Buyer could see 20 homes in a day and love 2 or 3 of them put an offer in and purchase it that day. Today if Joe Smith Home Buyer is able to see 5 homes a day or 10 in a month, because inventory is so low and one of them he sees hits 7 out of 10 wishes on his wish list, well then he better pick it up. If he doesn't he is likely to purchase something with only 6 out of 10 items on his wish list or worse yet, might only get 50% of his wishes. When searching for your dream house there are many things to consider so please buyer, visit my son's blog finding that Dream House. Now, if you are Suzy Q Home Seller, today's news couldn't be better!! For sellers who have tried to compete with the REO market only to learn that lenders hate real estate and they hate not selling it in under 30 days and they are motivated beyond all reason to lower the price to get it sold, well that price competition is moving out of the way for Suzy Q Home Seller. If you considered selling your home this past year but thought better to wait, I commend you and say your wait could soon be over. Does this mean Fort Myers Real Estate is going to rebound and recover in the next 12 months? I predict it will "recover" in that people who want to sell can sell and people who want to buy will still be out there, but in terms of gaining prices back that we say in the 2005, that will still be years down the road, in fact my son wrote a blog on that as well.
Friday, March 4, 2011
Southwest Florida Housing Market Has Bottomed Out!!
I have great news to share...Everywhere on national news you hear about the housing market taking another dip in the year 2011, as high as an additional 15%. That does not appear to be the case in Southwest Florida. The prices in our market have actually shown an increase for the last 1 ½ years. National articles show that prices in all the major markets are declining except in Southwest Florida. NOW IS THE TIME TO BUY! Our inventory of foreclosures and short sales is decreasing, therefore investors and first time homebuyers should be taking advantage of the existing inventory of homes for sale that are all below replacement cost. The actual median home prices rose 3.65% from 2009 to 2010. Unfortunately the area is perceived as still being depressed. This is because we were in the top 5 of foreclosure sales for such a long period of time. That number has risen from being in 4th place to now being in 54th place in foreclosure sales. This area is a HOT REAL ESTATE MARKET. Our single family housing permits increased by 23% in 2010. Another great showing of positive activity is that we have steadily decreasing unemployment rates in the area. Also, for January 2011 our foreclosure numbers fell significantly. Lee County has dropped to 19th in the state for foreclosure filings. One home of every 428 borrowers were foreclosed, a decrease of 35.4% from December 2010 and a decrease of 71.74% when compared to January 2010. Collier County had a decrease of 37.99% compared to December 2010 and a decrease of 72.6% from January 2010.
You all come on down and take advantage of the existing inventory of low priced homes. After you get through looking for your dream home, or your second vacation home, we can take a ride on “Revelry” and catch some fish or do a great dive.
It’s a great day in “Paradise”.
Subscribe to:
Posts (Atom)