On average it cost just over $21,000 more to purchase a home in the Fort Myers area in 2011 than it did in 2009 with average selling prices increasing from $132,068 to $153,021. This increase of 15.87% in the average selling price is among the highest in the nation for the 2009 – 2011 time period.
[more] →
We often get asked, what will the bank take for that property…..will they accept an offer of 50% of the asking price? Unfortunately the answer is no, banks are not considering those type of low-ball offers.
[more] →
The 2011 BIA Parade of Homes is gearing up for a busy second weekend of home buyer activity. While the tour focuses on new construction properties throughout Southwest Florida, there are many resale opportunities in the communities on the tour.
[more] →
In 2010, 19,372 residential properties sold in Lee County for a total of $2.6B in sales. The average listing price was $144,459 and the average selling price was $135,445. This represents an average selling price to listing price ratio of 94%. This average selling to listing ratio of 94% remains unchanged from 2009 in lee County and is an excellent barometer for buyers to keep in mind when making an offer.
[more] →
Investopedia reports on 10 reasons real estate could rebound in 2011. While the article generalizes about real estate trends on a national basis, several of these points are very relevant to the market in Southwest Florida.
[more] →
RSW in Fort Myers has scored a major tourism coupe landing direct flights from Denmark cities of Copenhagen and Aalborg, Denmark’s fourth largest city. European discount operator, Comefly selected RSW for its Florida destination over East Coast destinations. Currently, RSW serves Dusseldorf, Montreal and Toronto with direct International flights.
[more] →
Everyone celebrates Christmas differently, and holiday traditions and festivities do not have to be limited to singing carols around snow-covered evergreens. The merry season can be enjoyed in any climate. People in southern locales such as Florida can delight in the cheer as much as anyone else.
[more] →
The Cape Coral-Fort Myers area was ranked fourth nationally as a retirement destination in a study just released by Portfolio.com. Our region was second in Florida only trailing Bradenton-Sarasota in the Sunshine State. This designation is a significant coup for our battered real estate market as it validates the overwhelming sense of value many are seeing in the market.
[more] →
The Associated Press ran a story yesterday titled Where fewer foreclosures are now bad for business which featured Lee County and detailed how the slowdown in the foreclosure pipeline is bad for business. The irony of this premise is thick enough to cut with a knife…..yes our economy has become dependent on foreclosure transactions to keep sputtering along.
[more] →Fort Myers MLS Map Search
recent comments