Lee price leveling
Lee County pricing gains slowing
Real Estate continues to be a major money maker in Southwest Florida as home values continue to soar. The median home price continues to rise. But is the real estate bubble ready to burst?
"This is the hottest area to be selling real estate. We can't be happier to be putting signs up and down. It means property is moving," said Andrea Signorelli of Miloff Aubuchon Realty.
Real estate agent Brett Ellis believes the tide has turned. "In September, we had a $280,000 median sales price. In July we had a $287,500 price. So virtually no change," said Ellis. It tells me, perhaps the market has peaked. The market has leveled off," said Ellis.
Real Estate Bubble ready to Burst? [NBC-2]
Real Estate continues to be a major money maker in Southwest Florida as home values continue to soar. The median home price continues to rise. But is the real estate bubble ready to burst?"This is the hottest area to be selling real estate. We can't be happier to be putting signs up and down. It means property is moving," said Andrea Signorelli of Miloff Aubuchon Realty.
Real estate agent Brett Ellis believes the tide has turned. "In September, we had a $280,000 median sales price. In July we had a $287,500 price. So virtually no change," said Ellis. It tells me, perhaps the market has peaked. The market has leveled off," said Ellis.
Real Estate Bubble ready to Burst? [NBC-2]
Labels: demographics, real estate investing, Southwest Florida
posted by Mark Washburn on 11/22/2005
1 Comments:
Nice article. You might like to link to our blog http://leecountyfloridarealestateblog.blogspot.com/ We're the agents mentioned in this article. We can link a story back to you later and help us both.
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