Investor Activity Declining: Big Issue Facing South Florida's Housing Market

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.

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.

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.

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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

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.

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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.

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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.



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Mortgage rates encouraging Buyers to jump on Affordable Homes for Sale in SW Florida on Pine Island

Mortgage rates encouraging Buyers to jump on Affordable Homes for Sale in SW Florida on Pine Island.

Does your current home fit your lifestyle? If you are dreaming of escaping to a tropical isand, Pine Island is for you! Check out home buying in SW Florida on Pine Island ~ consider the communities of Bokeelia, Pineland, St James City or Matlacha.

Mortgage rates remain low:
  ~ 30 year fixed rate 4.27 %
  ~ 15 year fixed rate 3.33%

NOW is the time take advantage of mortgage rates encouraging Buyers to jump on Affordable Homes for Sale in SW Florida on Pine Island.  Contact a mortgage consultant to start the process.  Then it’s time to call "Pine Island Pam" for a tour of our Greater Pine Island communities. SW Florida, the “Creative Coast” is waiting to be discovered.  Thinking of selling your home?  Call “Pine Island Pam” for a free, in home market analysis.
 
Contact me at (239) 699-6567 or Pam@PineIslandPam.com.  Visit my website at PineIslandPam.com.

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Summer Proof Your SW FL Pine Island Homes

Summer Proof Your SW FL Pine Island Homes.

All our Matlacha, Bokeelia, Pineland and St James City seasonal friends should have a checklist to help close up their SW FL Pine Island Homes for the summer. Here are some tips to have on your list so your summer up north can be relaxing and carefree.

• Have your air conditioning system serviced.
• Arrange for landscaping maintenance.
• Put up your hurricane shutters.
• Turn the water off at the emergency cut-off valve outside.
• Turn off the water heater or flip the circuit-breaker.
• Run a dozen ice cubes and 2-3 tablespoons of baking soda in garbage disposal.
• Make arrangements for mail, telephone service, newspaper delivery, cable and internet service.
• Wedge dowels in sliding glass doors and window tracks for security.
• Put light timers on (if you don't have shutters).
• Unplug appliances EXCEPT the refridgerator.
• Cover drains and seal toilets.
• Ask a friend or neighbor to check on your house every couple weeks. Make sure someone local has a key.

This is the short list. If you need more detailed information, simply "Google it." Also, you can hire professional home watchers and inspection services to close up your homes for the season.

Go forth and conquer - Summer Proof Your SW FL Pine Island Homes. We full time Pine Island residents will be here waiting to welcome you back next fall.   

Work with a Local Islander who knows the business. “Pine Island Pam” provides excellent customer service and utilizes up to date technology for conducting real estate transactions. Call (239) 699-6567 or e-mail Pam@PineIslandPam.com.  Check out my website at PineIslandPam.com.

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Pine Island FL Homes for Sale in Island Acres Gated Community.

Pine Island FL Homes for Sale in Island Acres Gated Community. This tropical SW Florida community called "The Creative Coast" offers an inviting Old Florida relaxed lifestyle.  Island Acres gated community is a young neighborhood in St James City, FL which began development in the mid 1990's. Home owner association fees are only $598/year.  A professional management company takes care of the Island Acres gated community property owner association business. Home owners can spend time simply enjoying paradise.  Most homes have a beautiful lake view.  Currently, 5040 Island Acres Court in St James City, FL is listed for sale at $342,000. 

If you are looking to buy SW Florida real estate on a tropical island, check out Pine Island FL Homes for Sale. 

Work with a local island girl who knows the business. “Pine Island Pam” provides dependable 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

Other States Challenge FL Residency Tax Claims

Check out this informative article on Other States Challenge Fla. Residency Tax Claims. Helpful for current homeowners here in SW Florida and buyers planning to purchase real estate here in our Sunshine State.

Are you thinking about selling or buying real estate? 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.