The Ellis Team at RE/MAX Realty Group has released it’s annual SW Florida real estate state of the market report.  In it you’ll find detailed graphs and analysis about which areas are hot and which areas are soft.  You can compare pricing all over Lee County Flroida, as well as inventory levels.

Some interesting trends are emerging right now.  Pending sales spiked 25% of January levels, which were also up over December levels.  Could some of this be seasonal, perhaps the start of a trend worth watching?

The Ellis Team CMI (Current Market Index) also plunged in February, another positive sign going forward.  You can read in the report about the housing bottom, what it will look like, and if we’re there yet.

We also have information on the Lee County condo market, lot prices and trends in SW Florida, and Collier County data.

Media can contact the Ellis Team for interviews regarding the report at 239-489-4042

Visit our website at Topagent.com

Prior to Ammendment 1 passing on January 29, 2008 sales were already picking up.  Many have reported that Ammendment 1 is adding to sales in this market.  While this may be true, we haven’t personally witnessed that yet.  We feel those benefits will come later when sellers decide to use that portability when making a decision to move.

We feel the market is really picking up steam because buyers are realizing the end of the decline is either here or near, and now is a good time to buy.  In fact, last week we had multiple offers on three of our properties, and all three went under contract, plus a few more.  There is a real excitement, a buzz so to speak, in this market that hasn’t been present the last two seasons. 

We’ll continue to monitor this trend in the CMI Index.  If this trend continues, it could bode well for sales in 2008 and recovery in 2009.

The higher the CMI Index, the more supply we have relative to demand.

February 14,  2008	Active	Pending	CMI
Single Family	16,694	1,088	15.34
Condo	8,787	456	19.27

January 14,  2008	Active	Pending	CMI
Single Family	15,812	821	19.26
Condo	8,581	334	25.69

December  17, 2007	Active	Pending	CMI
Single Family	16,098	892	18.05
Condo	8,655	386	22.42

November 14, 2007	Active	Pending	CMI
Single Family	15,710	797	19.71
Condo	8,361	388	21.55

October 16, 2007	Active	Pending	CMI
Single Family	15,438	783	19.72
Condo	8,212	354	23.20

September 15, 2007	Active	Pending	CMI
Single Family	15,215	809	18.81
Condo	8,141	369	22.06

August 15, 2007	Active	Pending	CMI
Single Family	14,919	955	15.62
Condo	8,190	417	19.64

July 12, 2007	Active	Pending	CMI
Single Family	15,095	975	15.48
Condo	8,380	443	18.91

June 14, 2007	Active	Pending	CMI
Single Family	15,164	1,014	14.95
Condo	8,761	485	18.06

May 17, 2007	Active	Pending	CMI
Single Family	15,607	1,107	14.10
Condo	9,205	560	16.44

April 15, 2007	Active	Pending	CMI
Single Family	15,896	1,152	13.80
Condo	9,660	569	16.98

January 23, 2007	Active	Pending	CMI
Single Family	13,769	1,016	13.55
Condo	9,002	529	17.02

November 27, 2006	Active	Pending	CMI
Single Family	13,186	1,031	12.79
Condo	8,344	535	15.60