Real Estate News

Sniffing out Chinese Drywall

ABC-7 reports that a German shepherd named Snoop is being trained to identify Chinese drywall.

November Sales Strong in Fort Myers

The Realtor Association of Fort Myers and the Beach released November 2009 home sales numbers which highlight significantly increased levels of activity in our market.  These figures reinforce the sentiment of our team which has been extremely busy with second home buyers looking to take advantage of our reduced home prices.

Highlights from the November 2009 [...]

Fort Myers Home Sales up 120%

The Naples News reports that single-family home re-sales in the Fort Myers area are up 120% for the first nine months of 2009 vs. the same period last year.  In the January thru September period this year, 12,526 single-family homes were sold, up from 5,727 in the same period of 2008.

This dramatic increase in sales [...]

Fort Myers MLS Map Search

Fort Myers Real Estate Corridors

How about a new way of segmenting the neighborhoods of Fort Myers?

Most real estate websites carve up a community by zip code or subdivision, this approach works well if you are familiar with the area and know which zip codes cover the the neighborhoods you are interested in.

Although we offer both zip code and [...]

Market Objectivity in Short Supply

There has recently been a great deal of euphoria regarding the real estate market here in Southwest Florida. A recent News-Press article titled Southwest Florida sees light at the end of housing tunnel cites recent home sales figures to suggest the worst is behind us.

While I agree that the clearing out of inventory [...]

Realtor Prose

One of the things that often makes me cringe is reading the bios on other Realtor’s websites. Especially here in Southwest Florida, many open with “originally from________. It is fine to be from somewhere else, but just don’t tell us in your opening sentence. Others tout being a recent graduate of ABC School [...]

Fort Myers Realtor Ranks Thinning

According to stats recently released by the Greater Fort Myers and the Beach Board of Realtors, membership was down about 10% in 2009 vs 2008. Hard to argue that a culling of the herd isn’t a good thing when it comes to Lee County Realtor ranks.

Home Buyers Flocking To Fort Myers

Market stats recently released by the Greater Fort Myers and the Beach MLS substantiate what we are seeing in the trenches. Sales in December 2008 were up a whopping 181 percent over December 2007. In December, 1,034 homes sold, up from 367 a year ago.

Buyers are back in a big way and the [...]

Seller Tip – MLS Report Quality

Great column by Chris Griffiths in the Naples News for home sellers about inspecting your MLS listing. Making a few key changes to the listing information can greatly improve your house’s chances of selling.

A stale, incomplete or inaccurate listing in the MLS system truly hurts your chances of sucess. Poor MLS listing photos, [...]

MLS inventory bulging

Buyers in the drivers seatBuyers rule the day in the current real estate market here in Southwest Florida. The growing inventory has pushed all the leverage to the buyers side of the balance sheet. Just how big has the inventory of available property gotten here in Lee County?

For illustrations sake, let’s assume that you are [...]

Home prices drop in January

Existing homes resale prices drop 10.9 percent

The Lee County existing home resale market cooled in January, with the average sale price dropping from $322,300 in December to $287,200, a decrease of 10.9 percent. Sales volume was off 30 percent dropping from 1,084 to 751.

The question that remains unanswered is if this dramatic drop in January [...]

Inflated home sales numbers

Are Ft. Myers and Cape Coral MLS boards double reporting?One of the things that truly befuddles me is why both Ft. Myers and Cape Coral both need their own real estate boards. As the two organizations use different information systems and do not currently share data, a significant number of local Realtors belong to both [...]

MLS mess

SW Florida MLS dysfunction

In a world where customer-friendly graphical user interfaces and relational databases rule the day, the state of the SW Florida MLS systems are a disaster.

The various Realtor boards in the area remind me of medieval fiefdoms that seem to have forgotten their sense of purpose. They are in place to serve Realtors [...]

NAR vs. web

Real estate anit-trust hearingsA major showdown is underway in Washington pitting the traditional real estate practitioners dominated by the National Associaction of Realtors against the new web-savvy discount practitioners.

While I am not taking sides in this epic battle, in the end consumers will ultimately decide who the winners and losers are in this battle for [...]

Spec vacation homes

Investors building high-end spec homes in luxury areasA growing trend in the luxury vacation home sector is the spec building of second homes by investors. Many investors are focusing on the ultra-luxury communities like Boca Raton and Park City, Utah.

According to the National Association of Realtors, 13 percent of all homes – or 1.02 million [...]