Thank goodness we’ve been busy listing and selling a lot of property lately.  The 360-degree home tours and advanced marketing we’re employing to go out and create buyers for our listings is working.  We have noticed a trend recently we thought we’d try to clear up.  SW Florida home sellers are confused when they read headlines that home prices were up 11.3% in August.  They’re interviewing agents and they aren’t hearing the higher prices they were expecting, so they’ve called us out to verify what’s really going on in the market.

SW Florida Home Sellers Confused

We decided to present the chart in a different way.  Agents have been telling sellers there’s been a shift since we reported on it back on February 16th.  Sellers aren’t seeing it though because they read the headlines.  It is true, median prices are up 11.3% over last year.  However, they are down $5,000 from last month and down $2,000 from where they were last November.

Unless home prices rise in the next few months, we’ll be looking at essentially a flat line since last November.  In other words, home prices aren’t statistically rising right now.  The rise occurred last year up until November, so when you read that home prices are up over last year, they are until we get to November.  They are actually down month over month as much as they are up which is creating the flat line.

It is possible prices could start rising again.  Perhaps after the election consumer confidence will grow.  I think everyone can agree they’re tired of the political season and just want it over with as soon as possible so we can move on with our lives.

We see the Fed raising rates at their December meeting.  Interest rates have been quietly rising the past few weeks and we see more of that in 2017.  Rising rates typically do not help home prices rise because it steals affordability from the buyer.  Basically, when rates move up 1% it robs the buyer of about 11% purchasing power.

In other words, a $400,000 buyer putting 10% down could finance $360,000.  If they lose 11% purchasing power, for the same payment they can now finance 320,400.  They lose $39,600 in purchasing power.  Their payment remains the same as if they were financing $360,000 and paying $400,000 earlier before rates went up.

This is why rising rates does not help home prices.  Rising rates can spur home buyers who have been on the fence to buy now so they will save money on payments, but it doesn’t help prices long-term.

This is one reason choosing the right Realtor to list your home will become even more important.   You need a Realtor who has sold during a rising rate environment.  I venture to guess that over 80% of agents today have not been in business long enough to experience that.

How you sell in a rising rate environment is vastly different than in a stable or lowering interest rate environment.  Marketing becomes more critical as well.

If you’re a buyer, I would seriously consider buying now.  It will cost you to wait.  Prices may still rise, just not as fast.  Or they may remain stable.  The only advantage to you might be more inventory to choose from.  The disadvantage will be that it will cost you more to buy the same house next year, simply because of rising rates.

If you’d like to search the market, check out www.LeeCountyOnline.com  You can beat out other buyers to hot new listings as our database is updated every 5 minutes directly from the MLS.

SW Florida home sellers, if you’re  considering making a move, you should call us now.  239-489-4042.  Or visit LeeCountyOnline.com and get a free computerized estimate of your home’s value.

Please call us if we can help.  Good luck and Happy Home Buying!

Our Paint the Town Red event was a success.  We had over 35 properties open in one day and produced several interested buyers for our properties.  Be on the lookout for our next open house extravaganza.

Don’t forget to enter our contest so you can win a Yeti Cooler.

Please join us for our Keller Williams Paint the Town Red Open House Extravaganza where we’ll have 35 open houses in one day.

Keller Williams Paint the Town Red Open House Extravaganza

Saturday October 22  11am-3pm

Please join us as Keller Williams paints the town red with 35 open houses in one day.

$310,000 * 16585 Wellington Lakes Cir, Ft. Myers, FL 33908

$500,000 * 6180 Winkler Rd, Ft. Myers, FL 33908

$240,000 * 11889 Tulio Way #4203, Ft. Myers, FL 33919

$1,500,000 * 1135 Lorraine Ct, Cape Coral, FL 33993

$225,000 * 3226 SW 8 th Ct, Cape Coral, FL 33914

$259,000 * 8441 Lemon Rd, Ft. Myers, FL 33967

$239,000 * 11736 Izarra Way #7806, Ft. Myers, FL 33912

$725,000 * 2537 SW 38 th St, Cape Coral, FL 33914

$509,000 * 6260 Plumosa Ave, Ft. Myers, FL 33908

$197,500 * 1503 McGregor Park Cir, Ft. Myers, FL 33908

$230,000 * 13633 Admiral Ct, Ft. Myers, FL 33912

$387,000 * 9344 Independence Way, Ft. Myers, FL 33913

$459,000 * 9072 Prosperity Way, Ft. Myers, FL 33913

$279,000 * 10006 Sky View Way #208, Ft. Myers, FL 33913

$365,000 * 12890 Timber Ridge Dr, Ft. Myers, FL 33913

$449,000 * 11207 Sand Pine Ct, Ft. Myers, FL 33913

$123,900 * 1429 SW 48 th Ter #6, Cape Coral, FL 33914

$594,900 * 12570 Villagio Way, Ft. Myers, FL 33912

$874,000 * 15690 Catalpa Cove Dr, Ft. Myers, FL 33908

$439,999 * 1121 SW 51 st Ter, Cape Coral, FL 33914

$313,000 * 5709 Sandpiper Pl, Ft. Myers, FL 33919

$244,900 * 9370 Old Hickory Cir, Ft. Myers, FL 33912

$315,000 * 12634 Shannondale Dr, Ft. Myers, FL 33913

$750,000 * 5615 Natoma Dr, Ft. Myers, FL 33919

$399,000 * 11180 Sand Pine Ct, Ft. Myers, FL 33913

$789,000 * 1832 SE 28 th St, Cape Coral, FL 33904

$580,000 * 12010 Honeysuckle Rd, Ft. Myers, FL 33966

$272,000 * 15620 Laguna Hills Dr, Ft. Myers, FL 33908

$229,000 * 1037 Wilshire, Ft. Myers, FL 33919

$545,000 * 12737 Gladstone, Ft. Myers, FL 33913

$187,900 * 13402 2 nd St, Ft. Myers, FL 33905

$459,000 * 1206 Shadow Ln, Ft. Myers, FL 33901

$419,000 * 4403 Chiquita Blvd S, Cape Coral, FL 33914

$419,900 * 5479 Beaujolais Ln, Ft. Myers, FL 33919

$399,900 * 10100 Belcrest Blvd, Ft. Myers, FL 33913

Call us at 239-489-4042 if you have any questions about any of these SW Florida properties.

Keller Williams Paint the Town Red Open House Extravaganza

 

 

 

Perhaps you’ve read about virtual reality headsets and what it can do for the gaming industry.  You may not realize what 360 degree home tours mean for the real estate industry, until now.

360 Degree Home Tours
360 Degree Home Tours on Your Smartphone or Desktop

Until recently agents would provide a virtual tour in 2D, meaning the tour would consist of a series of photos, and perhaps video walking through the home.  This was great but it didn’t provide perspective and the consumer was forced to look at what the photographer wanted you to see, exactly when they wanted you to see it.

Now the technology has grown such that savvy agents can now provide more perspective and the consumer is in control.  They get to control the scene, view each scene as long or as little as they like, and see how rooms and objects relate to each other.  It’s very spatial and the best way to view a home without actually being there.

We’ve had buyers buy homes sight unseen before simply from photos and videos we’ve taken from a home, and now buyers will be able to feel like they’re in the home.  Showings will go way up because now people are viewing the home on their computer, or on their mobile device.

Many mobile devices today are better than computers were a few years ago.  They displays are crystal clear, and they have sensors like gyroscopes that allow a consumer to place it in motion view or 360 view and literally move the phone around and see the entire room.  Sure, you can still move around the room by touching your screen, but now the phone or VR (Virtual Reality) headset will do it for you.  All you have to do is look a certain direction and now you’re moving the scene, 360 degrees.

360 Degree Home Tours


We’re creating a new website www.SWFL360hometours.com which will showcase our listings in full 360 virtual reality.  You don’t have to have a VR headset to do this.  As we said, many smartphones will do this.

Facebook and YouTube already allow 360 photos and videos.  We’ve been adding 360 photos to our fan page www.facebook.com/Ellisteam Not only is this one of the most fun things we’ve done, it’s also one of the most useful things for consumers.  We’ve been hosting live events on FB as well as utilizing 360 photos.

We love 360 videos too, however when you shoot a home in 360 video consumers need to pause the scene if they want to view it for longer than what the videographer chose.  That’s OK, but why make a videographer choose a length or the consumer have to take extra steps?  With a 360 photo the consumer can see everything for as little or as long as they choose, then move to another scene.

Every person we show 360 degree home tours to sees the big WOW.  Sellers realize instantly what it can do for their home.  Marketing matters.  Pricing is important, but it’s not the only thing that sells a home.

More Online Showings

Imagine you have an item and you place it in an online auction.  Do you think you’ll sell your item for more in you have 1,000 bidders or just 1 bidder?  Of course, more bidders bring a higher price for anything, including real estate.  This is why marketing is critical in getting Top Dollar.

Adding 360 degree home tours to a home brings more online showings to your home, and there is no limit as it’s online and shareable via social media.  We have the ability to target buyers by income, price range, age, geographical area, recreational interests, habits, and much more.

We’re listing a home in an over 55 community.  We can place ads to only people 55+ We can place ads to golfers, boaters, people likely to move, have certain incomes, etc.

Marketing today isn’t what it was 10 years ago.  If an agent tells you marketing doesn’t work, seek another opinion.  Remember the formula.  Proper Pricing x Targeted Marketing= Successful Sale.

If you’re thinking of selling, Always Call the Ellis Team 239-489-4042 or visit www.LeeCountyOnline.com to search the MLS or find out what your home is worth.

Ready for a Yeti?

Are You Ready For a Yeti
Ready For a Yeti?

Find out how you can with a Yeti cooler.  Simply pickup your Ellis Team koozie at one of our open houses or stop by our office.  Simply post a picture of our koozie with your favorite beverage and use hashtags #Ellisteam and #readyforayeti and like our Facebook Page.

Ready for a Yeti
Post our Ellis Team Koozie Photo Online

 

Perhaps you’ve been reading about the shift in the local and national real estate market. Some experts haven’t noticed a shift while others have predicted dire results because they have noticed. The real experts are aware of the shift and realize this appears to be a minor correction as the market just got ahead of itself. Markets often chug along until one day it does get ahead of itself, both on the way up and the way down. Today we talk about how the market responds as sellers heed advice from agents.

Back in 2009 we said the market had over-corrected and was due for gains. It did. This past February we sounded the alarm and said the market may be ahead of itself, and it was. Sellers have heeded the advice of agents and are actually selling homes.

You see, homes will always sell, even in up, down, and sideways markets. It’s a matter of marketing and price, and the sellers that market properly and price properly win the selling game. Owners that fail at either of the above may not win. Sometimes the best team on the field doesn’t win the game. Sometimes the best home on the block doesn’t sell. You have to be the best today to sell today. It’s not enough to be the best 6 months ago.

Buyers judge houses on features, size, location, age, and price among others. If you’re great in all areas except price, buyers will reject your home. You’re not the best today if your home is overpriced.

Market Responds as Sellers Heed Advice

We have good news to present however. In fact, I had to double check the numbers because I didn’t believe the numbers. Month’s supply of inventory is down to 5.07 months by my numbers. Official numbers by Florida Realtors shows 4.5 months however they calculate slightly differently than we do. In any event, and by any measure, we both have inventory coming down.

Market Responds as Sellers Heed Advice

You can see by the graph that inventory levels have come down in virtually all price ranges. This is because sellers have taken their agent’s advice and reacted to the shift in the market. The sellers who have not repositioned their home in the marketplace are still on the market or their listing has expired.

Selling your home is a pretty easy math equation. mm x cp = ss Mass Marketing times Correct Pricing equals Successful Sale. If your home isn’t marketed to the entire market it may not sell. I’ve seen homes priced correctly that have not sold. We’ve come in and upped the marketing and watch them sell.

An overpriced home will not sell. No amount of marketing can cure an overpriced listing. If you’re willing to follow the formula, success will follow. If you deviate from the formula, you won’t get your desired result, so you have to ask yourself the question, “Which is most important? Selling my home or staying because I want or need too much money?”

Unfortunately, the market doesn’t care what you need, and Mick Jagger explains beautifully that you can’t always get what you want. The answer lies with you. Are you willing to price your home where the market is? Are you willing to hire the best agent to sell your home?

Owners mistakenly believe all Realtors are the same and MLS will sell the home. It doesn’t work that way. There is a lot of expertise that goes into negotiations and the best way to present a property to the market. Some Realtors don’t know these tips because they’re not experienced enough. If Realtors in the business don’t all know, how is a seller supposed to know?

You have to interview agents with experience and a track record. If you’re thinking about selling, or perhaps have tried it yourself to no avail, give us a call. We’ve got some new ways to reach buyers we think you’re going to like. Call the Ellis Team 239-489-4042 and find out what’s new and how we’re reaching today’s buyers. We think you’ll be amazed, and most importantly, on to your next home. Feel free to search the MLS at  and get an automated free estimate of your home’s value.

Good luck and Happy Selling!

Open House Saturday and Sunday 1-4 PM

waterfront home whiskey creek open houose
Whiskey Creek Open House

Open Saturday and Sunday 1-4 PM

1388 Landmark Ct

Waterfront Gulf Access

Stop by and pickup your Ellis Team Koozie and chance to win a Yeti

 

 

Are You Ready For a Yeti?

Are You Ready For a Yeti
Ready For a Yeti?

All you have to do is like our Ellis Team Facebook page and post a picture of our koozie with your favorte beverage online with the hashtags #ellisteam and #readyforayeti The most creative picture wins.  You can post online at Twitter, Instagram, Facebook, and Google +

Ready for a Yeti
Post our Ellis Team Koozie Photo Online

Stop by our open house and pickup your koozie, or stop by our office.  You can always call us at 239-489-4042 to see where we’re going o be.  Some lucky winner is going to win a Yeti 45 and it might as well be you.  Contest ends November 30, so you’ve got some time.

Suffice it to say marketing real estate has come a long way in the last decade or so.   Gone are the days when you could just put a sign out front, an ad in the paper, and upload it to MLS and expect it to sell.  Oh sure, it might sell, but what if that doesn’t work?  The Ellis Team and other top agents are finding SW Florida real estate buyers using advanced marketing techniques.

Finding SW Florida Real Estate Buyers Using Advanced Marketing Facebook Audiences
Online Audience Demographics

Sure, we still use the newspaper, signs, and the MLS.  All marketing works to a degree, and any one of them could sell the home.  We can’t just sit back and hope the buyer finds us.  We have to go out and find the buyer, and that’s exactly what we do.

Finding SW Florida Real Estate Buyers Using Advanced Marketing

Through the power of Google, Bing, Yahoo, and Facebook we’re able to lock in on the buyer and bring a home to them, instead of praying the buyer finds us.  We can search for buyers who are likely to move, who make a certain amount of money, have a certain degree of education, just entered new relationship, or have a level of equity in their current home.

Finding SW Florida Real Estate Buyers Using Advanced Marketing Facebook Behaviors
Behaviors Likely to Move
Finding SW Florida Real Estate Buyers Using Advanced Marketing Income
Online Lead Income Level Selection

 

Home Ownership Characteristics Finding SW Florida Real Estate Buyers Using Advanced Marketing
Home Ownership Characteristics

We can drill even further.  We can target doctors, people up north, and hundreds of other attributes.  Real estate is a people business.  The best agents learn a lot about their clients because they ask questions.

Today there is a database that has all this information.  When you put a sign in the yard you’re limited to just those that drive by the property, and you have no idea if they need a home or could even afford one.  When you know which people make a certain amount and are likely to move and are looking for a 2nd home in SW Florida it makes it easy.  Sure, you have to know what you’re doing and how to reach these people, but the time invested in targeting the right people more than offsets targeting the wrong people.

When we list a $1 Million property, we want to find million dollar buyers.  It does us no good to find $100,000 buyers for that Million-dollar home.  And vice versa.  When we list a $200,000 home, it doesn’t matter how many $5 million buyers we have.

We sell what we list.  Sometimes sellers will ask how many homes have you sold in his price range, and that might be the wrong question.  The best question is how will you reach qualified buyers for my home?

We’ve sold properties in our career anywhere from about $5,000 to over $15 Million.  Of course we need to price the property correctly because no amount of marketing will sell an over-priced listing.  Proper pricing isn’t enough however.  We’ve got to go out and find the buyer, we can’t expect the buyer to find us without proper marketing.

We not only have a database of buyers in all price ranges ready to make a move, we go out and look for more buyers as we list each property.  This expands our database, so it’s quite possible we already have the buyer for your home.  When new properties hit the market, our buyers are alerted each day of new listings that match their criteria.

If you’re thinking of selling and not sure how an agent will find a buyer for your home, give us a call.  239-489-4042.  Ask for Sande or Brett.  We’ll be glad to show some advanced marketing techniques we’re using to sell our listings.  It not only works, it’s kind of fun.  Feel free to use our website to search the MLS or find out what your property is worth.  www.LeeCountyOnline.com Always call the Ellis Team at Keller Williams.

 

Good Luck and Happy House Hunting!

New Listing Coming Soon

1338 Landmark Ct-Whiskey Creek Waterfront Pool Home

Hopefully everyone had a great Labor Day weekend.  The Ellis Team household celebrated with friends and family with a cookout and football party.  Good times were definitely had by all, and that’s the way it should be.  Beating the post Labor Day real estate stall isn’t rocket science, but more on that after we tell you about the stall.

I started cooking the day before.  I made all the sauces, put the rub on the meat, and eventually placed the pork on the smoker at midnight.  The plan was to smoke the meat at 225 degrees for about 17 hours.  The meat must reach a certain temperature, but inevitably the temperature gains stall out at about 160 degrees for a period of 5 hours or so.  This frustrates many who are not accustomed to the stall.

The stall is that period where temperature gains cease for a long while.  This is because at 160 degrees the meat begins to sweat and cool itself.  Juice go from the center to the edges during this time period.  One way to beat the stall is to wrap meat in aluminum foil at 160 degrees and keep the heat on.  By doing so you can retain some of the moisture and cut the heating time down.

Beating the Post Labor Day Real Estate Stall

So you might ask how does all this relate to real estate?  Each year after September the SW Florida real estate market reaches a stall.  If you know it’s coming there are things you can do to shorten the time-frame of the stall.  You must power through it as buyers and sellers are counting on you.

Beating the Post Labor Day Real Estate Stall

Knowing it’s coming is half the battle.  The other half is preparation.  Just as most of the work to cook the meat was done the day before, so it is true with the real estate market.

We continue to list and sell properties.  In fact, we’re cranking some sales now at a time when county-wide sales are down.  We don’t stop advertising, and we don’t stop prospecting for buyers for our listings.

In fact, much of the work we’ve done the past few months helps us with sales during the typical “Stall” time.  Some Realtors take off in the slow months, but this is the time to put the real work in.  Championships are built in the off season.  This was opening weekend and you can tell which teams put in the work as they were the most prepared for week 1.

When we list a home in September it’s very possible we already have the buyer we obtained in July or August.  We have a database of thousands of buyers we’ve worked hard to build up.  Some are buying today, some are buying tomorrow, and some next month.  We don’t control their time frame, we only control our efforts to obtain buyers for our listings.

Often times sellers will ask us if we have a buyer for their home.  Quite often the answer is yes.  When we take a listing we bring it back to our team of agents who cross-check our database to see if we’ve got someone for that home.  Perhaps we have someone flying in on October 2nd who matches perfectly.  Perhaps we have someone now.

In any event, we market the home too, because even though we may have 3 buyers for our listing the market may have one ready, willing, and able to buy it today.  And you never know which buyer will pay the highest price.

Don’t Sweat the Stall

It’s the hard work we put in year-round that enables us to sell homes every month of the year.  So we don’t worry too much about the “Stall”.  We advise our clients on what the market is doing, and if we’re doing our job at the highest level, perhaps we can shorten our client’s time-frame and power through it for them.

If you’ve got a home to sell, we should probably talk.  It’s possible we have a buyer for it, and either way our marketing attracts buyers.  If you’re a buyer, we’ve got some great new listings coming to the market in the next few weeks.  You can search at www.LeeCountyOnline.com or call us at 239-489-4042

We look forward to working with you!  Good luck, and Happy House Hunting!

Join us for Two Great Open Houses

Reflection Lakes Open House
Reflection Lakes 3 Bedroom 2 Bath $215,000

13971 Lake Mahogany Blvd Unit 2623

Open Sunday 1-4 PM

Gate 4 Reflection Lakes

 

 

 

 

14154 Danpark Loop Fort Myers, FL
Open House Daniel’s Park

14154 Danpark Loop

Open Sunday 1-4 PM

Daniel’s Park

Affordable Living in Great Neighborhood

 

Watch the Future of Real Estate September 2016

If you’ve been reading our articles lately you’ll notice we’re doing a series on what you can buy in the SW Florida real estate market at various price points.  In recent weeks we’ve done the $250,000 and $500,000 range and showed you some excellent choices in those ranges.  Today we answer the question, what does $ 750,000 buy in Lee County real estate market?

If money is no object, it gets a lot more fun to shop as we go higher in price.  These are by no means the entirety of the market, but rather a sampling of a few things you could buy around town in this price range.

What Does $ 750,000 Buy in Lee County Real Estate Market?

750,000 Buy in the Lee County Real Estate Market
Fort Myers Beach Waterfront Pool Home

At Fort Myers Beach we found a nice waterfront home on a wide canal built in 1981. It is 3 bedrooms, 2 baths.  It has a gorgeous pavered pool area and boat lift for your boat at the canal.  It’s located mid island at Fort Myers Beach and is listed for $725,000.

http://blog.topagent.com/2016/05/20/250000-buy-lee-county-real-estate-market/ Fort Myers
Fort Myers Gulf Access Waterfront Home

In Fort Myers we found another gulf access waterfront home.  This home has 4 bedrooms, 3 1/2 baths with 2,549 sq ft living area.  I like the stainless steel appliances, granite counter tops, wood like floors, and of course its location.  Keep in mind, none of these listings are ours and we’re reporting based upon pictures in the MLS.

http://blog.topagent.com/2016/05/20/250000-buy-lee-county-real-estate-market/ Cape Coral
Cape Coral Waterfront Pool Home

In Cape Coral we found a home just under $750,000 with almost 2,600 sq ft of living area.  This too is a gulf access waterfront pool home with no bridges.  It’s a 2 minute boat ride to the river.  It has 4 bedrooms, 3 baths, high tray ceilings and stainless steel appliances with granite counter tops in the kitchen. It has a boat lift and a wet bar with refrigerator area off the pool for entertaining when you get off the boat.

If money is no object, it gets a lot more fun to shop as we go higher in price. These are by no means the entirety of the market, but rather a sampling of a few things you could buy around town in this price range. Palmira Golf & Country Club
Palmira Golf & Country Club Bonita Springs

Lastly, we have a gorgeous home on the golf course for you in Bonita Springs priced below $750,000.  It is located in Palmira Golf and Country Club and features 3 bedrooms, 3 ½  baths with granite counter tops and custom cabinets on a quiet cul-de-sac street.  The community offers a resort style pool and a community center, fitness center and bar and grill.

The bottom line is SW Florida has so much to offer for all kinds of different lifestyles.  Whether you’re a casual boater, avid fisherman, tennis player, golfer, workout buff, or just like to chill out on your lanai and watch nature, SW Florida has it all.

We have single family homes, condos, villas, town homes, and coach homes for easy living.  This is one reason our agents spend time asking buyers questions.  We don’t really sell anything, because SW Florida sells itself.  Rather, we listen to what buyers like to do, what makes them happy, and how they will use their home.  Once we determine that, we can identify suitable properties and make some recommendations based upon the buyer’s lifestyle.  Each home and each community offers something different.

It can be a daunting task when you’re not from here.  Buyers don’t want to make a mistake.  This is why hiring a seasoned agent accustomed to working with buyers can make all the difference.  I can’t tell you how many times buyers have thanked us for listening to them and suggesting certain properties based upon their needs.

We help with new construction as well.  It doesn’t cost any more to use a Realtor, and many times it will save you money because we know the incentives being offered.  Builders also like Realtors because we can be a source for repeat business.  A good Realtor can point out the pros and cons based upon your needs, not the seller’s or the builder’s.

We have new construction available on our website at TopAgent.com and of course we have the entire MLS available at www.LeeCountyOnline.com  Of course, there’s no substitute for talking with experienced agents who know the area.  If our team can help, please call us at 239-489-4042

Good luck and Happy House Hunting!

Ellis Team is hiring

The Ellis Team is looking for talent.  If you’re a licensed agent in Florida and willing to learn and work, we may have the opportunity for you.  Please contact us.  Our team is growing and we need good people to help our clients.

A few weeks ago we wrote an article about what $250,000 buys in the SW Florida real estate market. Today we answer the question,

What does $500,000 Buy in Lee County Real Estate Market?

What Does 500,000 Buy in Lee County Real Estate Market
Inventory Active Listings

We use the MLS to do our search but you can do the same and search like a Realtor at www.LeeCountyOnline.com and find the same homes.

What does 500,000 buy in Lee County real estate market Carillon Woods
Carillon Woods Pool Home

In Fort Myers we found a home in Carillon Woods listed for $498,000 that is 3 bedrooms, 3 1/2 baths and has a nice pool. The home is nearly 3,200 sq ft of living area and is in a gated community with sidewalks, street lights, tennis courts and playground. Carillon Woods is a very popular neighborhood in this price range.

What Does 500,000 Buy in Lee County Real Estate Market Cape Coral waterfront home
Cape Coral Waterfront Pool Home

In SW Cape Coral we found a gulf access waterfront pool home with 3 bedrooms, 2 ½ baths and almost 2,500 sq ft living area on a 120 ft canal for $500,000. It has a 3 car garage and is only a few years old. We especially like the infinity pool on this home.

what does 500,000 buy in lee county real estate Fort Myers Beach
Fort Myers Beach waterfront home

At Fort Myers Beach we found a home that is waterfront, completely furnished, and located on a large lot at just under $500,000. It is 3 bedrooms, 2 baths and is located mid-island close to shopping, supermarkets, entertainment, and marina.

Grandezza pool home Estero Florida
Grandezza Pool Home Estero

In Estero we located a 3 bedroom 2 bath home in Grandezza with 2,190 sq ft living area and is a former model for just under $500,000. It has a gorgeous solar heated pool and heated spa and overlooks a preserve.

Again, none of the listings I this article are ours. We just wanted to give you an overview of some of the kinds of things you can find in this price range. Of course, you can find waterfront condos, homes on golf courses, and so much more. Lee County is fairly large and has lots to offer with varying neighborhoods, locations, and amenities.

Because our area offers so many different types of boating, golf communities, and neighborhoods with lakes, preserves, and varying lifestyles it pays to sit down with an agent that’s familiar with the entire county and can listen to your wants and desires.

At the Ellis Team we feel like we don’t have to sell anything. Rather, we listen to your needs and match you with properties that meet what you’re looking for. Some agents specialize in one neighborhood or one amenity and they struggle when people ask about other areas. Many times that buyer will come back to the original community they called on, but they want an agent who can explain the differences first so they can see if that’s really what they’re looking for. If you can’t be flexible and in curiosity when working with a buyer, chances are you’ll just lose them to another agent who can.

That’s one reason why we provide all the listings on our website along with so much community data and market reports. We want buyers to feel comfortable with their purchase. It’s a big decision and some buyers are paralyzed because there is so much data and they’re afraid to make a mistake. This is where a good team can assist you. We marry the data with personal, professional advice to help you attain your dreams, and that’s all a buyer is trying to do.

We take the hassle out of the buying process. If you’re a seller, you should talk to us too as we work with a lot of buyers, and chances are we may have a buyer looking for a property just like yours. If not, our marketing will surely attract attention for your home.

You can always call us at 239-489-4042 or search away at www.LeeCountyOnline.com

Good luck and Happy House Hunting!

Viridian pool home South Fort Myers

Pool home in Viridian in South Fort Myers- 4 Bedrooms 4 Baths

The Ellis Team has several new listings coming to the market.  We have a 4 bedroom lakefront home coming for $450,000 in Reflection Lakes.  We have a gorgeous home in San Carlos Park on a 3 lot site coming this upcoming week for $215,000.  We also have 2 units at Bella Casa coming this week as well, and don’t forget the 2 new listings we just listed at River Hall for $275,000 and $215,000

We’ll have a few more listings coming as well as soon as we can get them ready.  If you’re a buyer, call us as we may be listing exactly what you’re looking for.

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A lot of people ask what they can buy at certain price ranges in the SW Florida real estate market, so today we thought we’d pick a price range and report on that.  We answer the question, “What does $250,000 buy in Lee County real estate market?”

We logged into MLS but you can do the same at www.LeeCountyOnline.com and search like Realtors do and find the same information.

What Does $250,000 Buy in Lee County Real Estate Market MLS Search
Search Results on LeeCountyOnline.com

What Does $250,000 Buy in Lee County Real Estate Market?

In Cape Coral we spotted a brand new home in SW Cape Coral.  It is listed for $245,900 and has 2,180 sq ft. It has 5 bedrooms 3 baths and is on an oversized lot.

What Does $250,000 Buy in Lee County Real Estate Market Cape Coral
Cape Coral Home Under $250,000

We then decided to see if we could find any waterfront homes with gulf access in this price range.  We found 6. We found a home with 1,588 sq ft and a 10,000 lb boat lift with a spa in SW Cape Coral with gulf access. We found another gulf access home with boat lift and a pool. It has 1,436 sq ft and a single car garage.  It is 10 minutes to the river by boat.

Lee County Real Estate Market Gulf Access Waterfront Home Cape Coral
Cape Coral Gulf Access Waterfront Home

Next we decided to look at Fort Myers Beach and see what’s available for $250k.  We did find a small single family home for $219,000. It’s a 1 bedroom, 1 bath home with 630 sq ft.  but hey, it’s at the beach.  When we searched for condos we found 15 in that price range.  Some ranged from small 1 bedroom condos at Pink Shell with great investment potential to larger 1 bedroom units along the beach with greater size.  Manufactured housing opened up 7 more homes at Fort Myers Beach and many were waterfront.

In Fort Myers we found 69 single family homes listed up to $250,000. For instance, we found a 3 bedroom, 2 bath lakefront home in Botanica Lakes with 1,782 sq ft for $240,500.  It was built in 2012

What Does $250,000 Buy in Lee County Real Estate Market? Fort Myers Home Botanica Lakes Under $250,000
Fort Myers Home Botanica Lakes

As you go further south into Estero and Bonita the pickings get a little slimmer.  We found 33 single family homes available.  We found a cute 2 bedroom + den in the Villages at Country Creek for $249,900.  It has 1,382 sq ft, a 2 car garage, and has been completely updated with stainless steel appliances.

250000 Buy Lee County Real Estate Market Estero Home
Estero Home Villages at Country Creek

None of the listings shown today are our listings.  We just wanted to show you what your money will buy at this price range and show you how you can search and find these kinds of properties.

Our website allows you to see the home on the map so you can see exactly where it is and what it is close to, like shopping or water.  You can view all the photos of each home in the photo gallery. You can setup a showing request when you see something you like, or find out how much it will cost with the mortgage calculator.

You can also add homes to your favorites to easily find them again or check on their status, or save your search and have the system email you when new homes enter the market or when an owner changes their price.

You can search all price ranges and all areas, not just the $250k example we did today.  As Realtors we get to see a lot of homes each week.  If you’ve been searching awhile and having a hard time making sense of it all, you’re not alone.

Sometimes it pays just to sit down with a good agent who listens to what you’re looking for and they can point you in the right direction for you.  Ellis Team agents listen and are experts at finding what you want.  Give us a call at 239-489-4042 and we’ll be happy to sit down and discuss the market and homes that may interest you.

If you’re not ready to meet just yet, that’s fine too.  Simply search away at www.LeeCountyOnline.com and let us know when something catches your eye.  You might not be ready today, but someday you will be, and this site is perfect for those who want to see what’s out there and what is possible.

Good luck and Happy House Hunting!

Open House This Saturday 1-4 PM

2110 SW 13th St, Cape Coral FL

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Ellis Team Moves to Keller Wiilams Fort Myers & The Islands

Sometimes we like to take a break from statistics and real estate market news and tell you about a neighborhood or area in SW Florida. Today we picked Palmetto Point waterfront community in South Fort Myers.

Palmetto Point Waterfront Community
Palmetto Point Waterfront Community

We don’t currently have any listings in Palmetto Point, we just love the neighborhood and enjoy selling homes in there whenever we get the chance.

Palmetto Point waterfront community is special because it offers deep waterfront access which accommodates large yachts and sailboats. It is located adjacent to Gulf Harbour Golf and Country Club so residents can join Gulf Harbour and enjoy their amenities like golfing, tennis, fitness, and fine dining without having to live in the country club.

I remember when I first moved to SW Florida in 1988. I used to drive through Palmetto Point waterfront community and say this is where I’m going to live one day. While that never quite worked out for one reason or another, my love for waterfront communities like Palmetto Point has only grown.

Most Expensive Home in Palmetto Point Waterfront Community
Most Expensive Home in Palmetto Point

Currently there aren’t many homes on the market in Palmetto Point. The most expensive home is on the market for $4,395,000 and features 5 bedrooms and 5.5 baths. It has approximately 7,292 sq ft living area, a 3 car garage, and overlooks the yacht basin with room for a 100 ft yacht in your back yard.

Least Expensive Home in Palmetto Point Waterfront Community
Least Expensive Home in Palmetto Point

The Least expensive home on the market right now is $329,000. It is considerably smaller at 1,645 sq ft of living area and is not waterfront although it does have a canal view. You won’t be able to park your boat behind this home.

There are other waterfront listings for $1,190,000 and $799,900. In case the existing inventory doesn’t suit your fancy, there are 5 waterfront lots currently available ranging from $695,000 to $2.25 million. If you’re looking for Fort Myers deep water access in a Fort Myers waterfront community, Palmetto Point might be just what you’re looking for.

If you’d like to see more information on any of the active or sold properties simply head over to Palmetto Point Market Report section. You’ll see that the highest sale in Palmetto Point in the 6 months sold for $3.75 million. You can click on any of the homes and see all the information about them. The site will give you days on the market, price per sq ft, sold date, and all the property details.

Palmetto Point Waterfront Community Market Report

Palmetto Point Waterfront Community Market Report
Palmetto Point Market Report

You can also find out what your home is worth on this site. Well, at least according to the best online computer models available today. Keep in mind that the computer has not been inside your home nor seen the updates you’ve done. For that, you’d want to speak to a professional like the Ellis Team. We’re experts at getting top dollar for nice homes in SW Florida.

You may have heard about the recent sale on Sanibel for $6.837 million. This past year we have seen several sales north of $1 million. While the $1 million+ currently has a 19.74 month supply of inventory right now, that’s actually pretty good historically speaking. It always takes longer on average to sell the larger homes as there are fewer buyers for them, but like anything else, if it offers what everybody wants, is in good condition, and priced correctly, it will sell.

If it isn’t priced correctly, properties will sit on the market. Proper pricing along with exposure to the market is what sells property.

If you’re looking for a waterfront gem but don’t have $1 million+ right now to spend on a home or lot, we have one in Overiver Shores that’s a beauty for $600,000. It’s 5 bedrooms, 3 baths with 3,363 sq ft living area and offers access to the river in seconds. There are buys out there if you know where to find them.

If you’re looking to buy or sell waterfront property in SW Florida, always call the Ellis Team at Keller Williams. We know the market and can guide you through searching for your piece of paradise. You can reach us at 239-489-4042 or search away at LeeCountyOnline.com

Good luck and Happy House Hunting!

The Ellis Team Moves to Keller Williams

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Tanglewood

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