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, which [...]

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MLS inventory bulging

On March 15, 2006 By

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 [...]

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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 [...]

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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 [...]

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MLS mess

On November 11, 2005 By

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 [...]

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NAR vs. web

On October 27, 2005 By

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 [...]

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Spec vacation homes

On March 11, 2005 By

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 [...]

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