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| Lee home sales on pace to eclipse sales in 2006 and 2007 But median price continues to shrink
December 17, 2008 -
Last month, 730 existing single-family homes sold in Lee County — an increase of 139 percent over last year, said a report by the Realtor Association of Greater Fort Myers and the Beach, Inc., which tracks home sales in Lee County.
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Cape Coral-Fort Myers home values continue to fall
November 18, 2008 - Home values in the Cape Coral-Fort Myers area fell 19.6 percent in the third quarter to a median value of $177,718 compared to a year ago, according to statistics released by Seattle-based housing information company Zillow.
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In Today's Market, Sellers Need to Create WOW Factor for Home
November 11, 2008 -
Home prices have fallen and many homeowners are mortgaged to the hilt. This makes it difficult for some sellers to justify spending a penny to get their home ready for the market.
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Dos and Don'ts of Effective Pricing
October 31, 2008 - Pricing can be a sticky issue in a challenging market. These take-away tips from experts will make it easier for you to work with sellers on setting a realistic price tag.
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10 Reasons to Love a Recession
October 29, 2008 - If you are old enough to have worn a mood ring, Earth shoes or bell-bottoms the first time around, you probably recall the "stagflation" days of the 1970s with a bemused mix of humor, national pride and nostalgia. The forecast was just as dire back then. In 1975, inflation topped 14 percent, unemployment approached 6 percent, and fuel and food prices were headed skyward.
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October 10, 2008 - American mortgage debt is at an all time high. Changes in local job markets, tax and insurance rates, and adjustable rate mortgages have caused millions of Americans to make a late payment or skip a payment on their mortgage. If you are unable to make your house payment this month there are still options available for you to keep your home, keep your payments current, and avoid foreclosure. |
Realty Check – Home sellers lower price
October 9, 2008 - As we embark into current selling season, there are some basic facts that merit consideration.
Pricing is more critical than ever as current sales indicate a decrease in some neighborhoods to those of 2001-2004.Some of our finest listings, even on Sanibel & Captiva with full Gulf views, are selling for 2001-2002 prices. Remember this - only the finest homes at the very lowest prices are selling. |
Sanibel & Captiva Real Estate Market Update - September
October 1, 2008 - The national and local press reminds us that the real estate sales activity remains slow and the inventory of available homes has been inching up. Historically, election years have been soft for real estate sales due to the uncertainty of tax ramifications. However, we are having a positive year with many closed sales on Sanibel & Captiva Islands. |
Real Estate Market Conditions in Lee County - August
September 30, 2008. -.
The Florida Association of Realtors released official home and condo sales numbers for the month of August. The existing home sales shot up in August, as the median sale prices were down 41% for single family homes in the Fort Myers and Cape Coral area from last year and were down 5.16% from July’s numbers. |
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July 29, 2008 -
As the supply of homes for sale continues to grow throughout the U.S, there are some ways sellers can increase the chance of a home sale in this shaky market. It certainly is not easy, but there are definitely steps you can take to make it easier. |
Online Marketing: Advertising - What to Do and Who to Believe?
June 26 , 2008 -
The recently published studies show that people now virtually “drive around” on the Internet when they want to go looking at homes (With gas now selling for $4 plus a gallon that makes perfect sense, too!). National Association of Realtors (NAR) states that about 80 percent of all real estate sales involve the Internet. A website is the modern equivalent of a billboard or yard signs, and the Internet search results are the new referral. The entire way the world buys homes has changed to an Internet – based evaluation process. |
2 Ports of Stability in Florida’s Market
February 15, 2008 - “It’s not Yahoo, but it is G.E.,” said Mike McMurray, an agent with VIP Realty in Sanibel, about the investment potential for property on Sanibel and Captiva Islands in Southwest Florida. “Even with general downturns in real estate, this market tends to be relatively stable,” he said.
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The Economy Is Fine
January 28, 2008 - It is hard to imagine any time in history when such rampant pessimism about the economy has existed with so little evidence of serious trouble.
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Global Warming Causing Fewer Hurricanes
January 23, 2008 - Intensifying one of the hottest debates in science, a new report concludes that global warming actually is diminishing the number of hurricanes that strike Florida and the rest of the United States – and the phenomenon is likely to continue.
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Positive Real Estate Market News
January 18, 2008 - In spite of gloom and doom of recent news reports on the state of the nation's housing, there is plenty of good news, the most recent of which comes from the National Association of Realtors.
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