In figures recently released by RealtyTrac, the Cape Coral-Fort Myers area was second in the nation in foreclosures during the first half of 2009. One in every 14 homes in the region was in some stage of the foreclosure process during this timeframe. Our region only railed the Las Vegas market, where one in every [...]
[more] →One of the misfortunes of the Southwest Florida housing bust is that the magnificent Oasis I luxury high-rise in downtown Fort Myers has only one resident. This is truly a shame as the Oasis is a first-class project that delivers a hint of Miami Beach to the River District scene. The lonely resident is a [...]
[more] →Lee County home sales soared to 1,705 in June 2009, up from 1,417 in May 2009. Additionally, sales are up 137% from the 719 homes sold in June 2008. The median price of these June sales was $87,900, a slight drop from the May median of $88,500. Distressed properties that were either foreclosures or short [...]
[more] →Upscale communities like Miromar Lakes are not immune to the foreclosure fervor that dominates the Southwest Florida real estate market. At the present time, there are five bank-owned foreclosed homes listed for sale in Miromar Lakes. These homes are aggressively priced to sell quickly in the current market. The current foreclosed inventory includes a San [...]
[more] →One of the key draws to Cape Coral Florida is the 400 miles of canals, most of which are lined with residential housing. Cape Coral, more than any other city in Southwest Florida, offers significant opportunities for affordable waterfront living. At the present time, Cape Coral is one of the national leaders in term of [...]
[more] →Maybe they should start using Becky in front of the $1m Gulf Harbour homes that aren’t moving!
[more] →Steve Sjudderud’s Daily Wealth has an interesting article about investing in quality properties at a fair price rather than less desirable property at a low price. This article hit home with me as we have been swamped over the past several months with investor inquiries for some of the lowest priced, lowest quality properties currently [...]
[more] →For those of you considering dipping your toe in the Florida real estate market, Jim Cramer believes that we are at the bottom. The supporting logic behind this proclamation is that builders stopped new construction in Florida two years ago and inventory is being absorbed by our continued low interest rates. Cramer suggests that Florida [...]
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