National Pending Home Sales Fall Slightly Nationally pending home sales pulled back slightly in August but are still in positive territory. The NAR (National Association of Realtors) Pending Home Sales Index stands at 104.7 which is down from 105.8 in July. Anything over 100 is considered positive territory. Lawrence Yun, chief economist for NAR was… Continue reading
SW Florida home sales climbed in March to 1,068 sales for single family homes. This is down 7.1% from last year but up 37% from February’s home sales figures. We would say this is good news for the local real estate market as sales are holding up nicely. We think they could have been higher… Continue reading
Some might look at recent SW Florida single family home sales numbers and wonder if the market has peaked as sales have slacked off a bit, but let’s not jump to conclusions just yet. This week we take you inside the numbers and explain what’s happening and what we’re keeping our eyes on. Are SW… Continue reading
Official August 2013 SWFL sales numbers have been posted from Florida Realtors and as expected the Fort Myers and Cape Coral real estate market is holding its own. Listing inventory is down again and it’s causing prices to rise. Single family home listing inventory stands at 4,956 currently compared to 5,763 last year. That’s a… Continue reading
Everyone always asks how prices are doing in SW Florida. The next question is usually along the lines of how are distressed sales such as foreclosures and short sales affecting the market. We have new numbers just released that will help answer these two questions. Sales have been falling the past several months as they… Continue reading
Official sales numbers were released this past week by Florida Realtors and as expected median sales prices fell 3.46% from July as more distressed sales sold in August 2011 than July. Sale prices were up 16.74% from August 2010 which is positive. Listing inventory continues to slide which bolsters prices as well. Last year Lee… Continue reading
As you can see from the SW Florida Sales chart, SW Florida single family homes sales have been somewhat seasonal the past few years with sales peaking around April and declining after June or July. Although it’s too soon to tell, early indicators tell us 2011 may repeat recent history as pending sales are trending… Continue reading
As you can see from the attached chart, the percentages of sales that are distressed are rising once again. This isn’t necessarily a bad thing as we believe banks should actively work with sellers to allow short sales rather than going through an arduous and costly foreclosure process that ties the home up for months… Continue reading
Unofficial numbers show SW Florida real estate sales rose in June. Official numbers will be reported July 20, so as we are writing this article early in the week we have to go with internal numbers that show sales rose in June even as inventory numbers fell once again. We lost another 230 units of… Continue reading
As you can see from the graph, short sales have been on the uptick over the past two year period as lenders have geared up to handle more short sales. It is proven that banks lose less on short sales as the property tends to stay in better condition throughout the process, and the banks… Continue reading