Investor Activity Declining: Big Issue Facing South Florida's Housing Market
As investors exit the market, will prices increase with more demand from traditional buyers? Some say yes. Good article at http://ow.ly/BVt4k. In SW FL on Pine Island, inventory is down and demand is stabilizing/increasing prices. It's a good time to buy and sell.
Friday, September 26, 2014
Thursday, August 28, 2014
Home sales and prices continue to climb in Lee County, FL
Home sales and prices continue to climb in Lee County, FL
(Fort Myers, FL–August 22, 2014)
In Lee County, 1,042 single family homes sales were completed in July 2014 compared to 1,005 in July 2013, an increase of 3.7 percent.
Foreclosure sales have increased slightly compared to this time last year, but still only amount to only 20 percent of properties sold in July 2014. Current inventory combined with the current pace of sales created a 4.9-month supply of single family homes in Lee County for July. There was a 5-month supply in July 2013, which indicates a sellers’ market.
“The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory,” said Association President Karen Swanbeck. “If you are considering selling a home in Lee County, the market indicates that now is a good time to do so.”
Lee County’s housing market also showed positive year-‐over-‐year movement in median price in July. The median price for single family homes was $179,000, an increase of $16,900 or 10.4 percent compared to July 2013.
The numbers reported by the Realtor® Association of Greater Fort Myers and the Beach represent all sales by members of Florida Realtors® in Lee County, FL. Statistics released each month may be revised in the future as new data is released.
(Fort Myers, FL–August 22, 2014)
In Lee County, 1,042 single family homes sales were completed in July 2014 compared to 1,005 in July 2013, an increase of 3.7 percent.
Foreclosure sales have increased slightly compared to this time last year, but still only amount to only 20 percent of properties sold in July 2014. Current inventory combined with the current pace of sales created a 4.9-month supply of single family homes in Lee County for July. There was a 5-month supply in July 2013, which indicates a sellers’ market.
“The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months of inventory,” said Association President Karen Swanbeck. “If you are considering selling a home in Lee County, the market indicates that now is a good time to do so.”
Lee County’s housing market also showed positive year-‐over-‐year movement in median price in July. The median price for single family homes was $179,000, an increase of $16,900 or 10.4 percent compared to July 2013.
The numbers reported by the Realtor® Association of Greater Fort Myers and the Beach represent all sales by members of Florida Realtors® in Lee County, FL. Statistics released each month may be revised in the future as new data is released.
Thursday, June 26, 2014
Single Family home sales continue to rise in Lee County Florida
Single Family home sales continue to rise in Lee County Florida
Single family homes sold in May 2014 are up by 8.6% from April 2014 according to a recent housing report press release. The median price for single family homes is $195,000 which dropped 2.5% from last month. However, here in our Pine Island community, the number of single family home sales dropped 9.1%.
Demand for housing is strong, however the inventory of homes for sale is tight. Prices will continue to push up as this trend continues. Bottom line - it’s a good time to buy real estate on Pine Island. Come check out our Greater Pine Island communities of Matlacha, Bokeelia, Pineland and St James City.
Originally posted on “Pine Island Pam’s Real Estate Blog.”
Sources: Realtor Association of Greater Ft Myers and the Beach & Florida Realtors.
Today’s real estate market is a challenge. Be smart ~ work with a local island girl who knows the business. “Pine Island Pam” delivers good old fashioned customer service along with up to date technology for today’s competitive market. Call (239) 699-6567 or e-mail Pam@PineIslandPam.com. Check out my website at PineIslandPam.com.
Posted via OnFast - http://www.OnFast.com
Wednesday, June 4, 2014
Real Estate Market is on the Mend in SW Florida
Real Estate Market is on the Mend in SW Florida
Median sale prices, traditional type sales and number of sales are rising on Pine Island and Lee County Florida. Things are looking up with our median sales price around $200,000 which is about an 8% increase compared to this time last year. Foreclosure properties are showing a decrease as percentages of traditional property sales grow ~ indicating our real estate market is on the mend in SW Florida.
Trends are changing as home values continue to increase. More non-investment buyers are using cash to purchase homes as investors are less enticed by the current market. According to Lawrence Yun, chief economist for the National Association of Realtors, baby boomers make up the bulk of cash transactions. With an improving economy and stock market, boomers are driving the real estate market. With decades of home-equity accumulation, they just don’t want the hassle of a mortgage.
If you or someone you know are interested in selling or buying a home is SW Florida, contact “Pine Island Pam.” I deliver good old fashioned customer service with up to date technology for today’s competitive market. Call (239) 699-6567 or e-mail Pam@PineIslandPam.com. Check out my website at PineIslandPam.com.
Originally posted on “Pine Island Pam’s Real Estate Blog.” Sources: Realtor Association of Greater Ft Myers and the Beach & Florida Realtors.
Posted via OnFast - http://www.OnFast.com
Wednesday, May 7, 2014
Waterfront Condos for Sale on Pine Island Florida
Waterfront Condos for Sale on Pine Island Florida.
Are you looking to downsize, considering a vacation get-away or thinking about investing in rental property? Waterfront condos for sale on Pine Island Florida may be the perfect fit. Blue Crab Key in Bokeelia, FL offers two pools, a clubhouse, tennis courts, putting green and boat ramp. Dock space is shared among owners. Furry friends are welcome with approval. For more information about waterfront condos for sale on Pine Island Florida visit my website at PineIslandPam.com.
Work with a local island girl who knows the business. “Pine Island Pam” delivers quality customer service along with up to date technology for today’s competitive market. Call (239) 699-6567 or e-mail Pam@PineIslandPam.com. Check out my website at PineIslandPam.com.
Posted via OnFast - http://www.OnFast.com
Saturday, May 3, 2014
Gulf Access Waterfront Homes for Sale on Pine Island Florida
Gulf Access Waterfront Homes for Sale on Pine Island Florida.
Thinking about a relocation to the Sunshine State? Consider Gulf access waterfront homes for sale on Pine Island Florida. Our island community has maintained it's Old Florida charm and small town atmosphere. We have diverse waterfront communities including single family homes, condominiums and manufactured homes. Looking for off-water properties with acreage? We have that too.
Visit PineIslandPam.com for current Gulf access waterfront homes for sale on Pine Island.
Posted via OnFast - http://www.OnFast.com
Thursday, April 24, 2014
March Home Sales Take Seasonal Jump on Pine Island and Lee County Florida
March Home Sales Take Seasonal Jump on Pine Island and Lee County Florida.
Single family home sales in March 2014 rose 37.1% from February 2014. With increased Buyer demand, we have a stronger sale market, solid sale prices and a tighter inventory of choices. March Home Sales Take Seasonal Jump.
Check out homes for sale in our Pine Island communities of Bokeelia, Pineland, St James City and Matlacha, Florida. For more information contact “Pine Island Pam” at (239) 699-6567 or e-mail Pam@PineIslandPam.com. Check out my website at PineIslandPam.com.
Posted via OnFast - http://www.OnFast.com
Single family home sales in March 2014 rose 37.1% from February 2014. With increased Buyer demand, we have a stronger sale market, solid sale prices and a tighter inventory of choices. March Home Sales Take Seasonal Jump.
Check out homes for sale in our Pine Island communities of Bokeelia, Pineland, St James City and Matlacha, Florida. For more information contact “Pine Island Pam” at (239) 699-6567 or e-mail Pam@PineIslandPam.com. Check out my website at PineIslandPam.com.
Posted via OnFast - http://www.OnFast.com
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