You can’t sell what you don’t have, and the SW Florida real estate market has much less inventory than it did a few years ago. We’ve been reporting for a few years how demand has outpaced supply and that is one reason why prices have gone up in the past few years. Keep in mind… Continue reading
Don’t let the headline fool you, we’re a big fan of appraisals. The key word is accurate, competent appraisals. So many times sellers want us to overprice a home and sell it to a northern or foreign buyer assuming they don’t really know our market. What sellers fail to realize is buyers usually look at… Continue reading
The past few weeks we’ve written about home sale prices are at their highest level since December 2008, inventory levels are falling, and a breakdown of traditional sales versus distressed sales and how the market is changing. All signs pointed to rising prices the past several months, and that’s exactly what has happened. Median sales… Continue reading
The past few weeks we’ve laid out in detail how prices have increased and some reasons that would explain why. This week we thought we’d illustrate how the distressed market is faring versus the traditional or normal resale’s and look at how that impacts prices. As you can see from the chart, distressed sales are… Continue reading
As expected, SW Florida median single family home sale prices rose in February, up 4.1% over last year’s numbers and up 3.39% from this January’s numbers. Sales volume was down 12% from last year and up 3.17% from this January. These sales numbers were not unexpected as we’ve definitely seen an uptick in 2nd home… Continue reading
One thing is for certain. Every year about this time two things occur. Real estate experts begin prognosticating what they think will happen in the New Year, and most Americans profess what their new resolutions are for the New Year. (Well, at least for the first few weeks) You know, we hear the usual stuff. … Continue reading
Last week we reported that distressed sales accounted for 63.27% of all single family home sales in August, and that a big shake-up was about to ensue as banks declared they were halting foreclosure sales at auction until they had time to investigate whether they’ve followed proper procedures. Since that time Three major lenders (J.P.… Continue reading
Official numbers were released last week, and as expected single family home sales dropped. As you can see from the attached chart, there is some seasonality to this, but there are more reasons as well. Sales are still well above 2006-2008 levels, but they are down against 2009 levels which was a record setting year. … Continue reading
It’s been a little while since we’ve reported on inventory levels and pending sales in SW Florida. We’ve been reporting on record sales levels all of 2009 and into 2010, and increasing prices the past few months. So how has this affected inventory levels, and how are pending sales doing which reflect future sales activity? … Continue reading
Seems like the topic of the day is what’s up with the oil slick and how will it affect us? The answer is it could affect us in three ways: Environmentally, Economically, and Politically. We’ll leave the political arguments to the experts on TV. Environmentally people realize how it could affect beaches, sensitive estuaries, fish,… Continue reading