In December, housing inventory nationwide fell to 1.89 million homes, that's down 6% from November and more than 22% from December 2010, according to REALTOR.com. With declining inventory, prices begin to rise and that's being experienced right in our own backyard. In the 145 markets tracked by...
The real estate market in Southwest Florida is beginning to show signs of life - and in a big way. During the 4th quarter of 2011 home sales in Lee County jumped a whopping 170%. December, which is often a slow sales month due to the holidays, recorded over 1,700 real estate transactions. The ...
Here's another positive sign the real estate market is recovering. When comparing November 2010 to November 2011, the median home price in the Greater Fort Myers area skyrocketed nearly 26 percent to $103,900. The jump is due to the fact that "traditional" properties being sold represent approx...
If you recently moved to Florida, you're not alone. According to the latest figures released in late December by The U.S. Census, Florida had the third largest population growth in the past year - the time frame of April 2010 to July 2011. According to that report, Florida grew by 256,000 reside...
During the past few months, we've tried to keep you up-to-date on some of the most important real estate news that focused on Southwest Florida, as well as make you aware of our latest available properties....
In November, Realtor.com revealed its Top 10 markets where list prices rose the most when comparing September 2011 to September 2010. Leading that list, based on 146 markets, is the Fort Myers-Cape Coral metro area where the year-to-year median list price for homes increased by a whopping 34.5 p...
A published report revealed four metro areas in Florida, including the Fort Myers/Cape Coral market, are extremely popular with potential out-of-the-area real estate buyers who are searching online for property....
It's no surprise that Southwest Florida's economy depends heavily on tourism. According to a published report in the Fort Myers News Press on November 10, the latest tourism statistics might provide a positive glimpse into the upcoming tourist season. In short, 252,139 visitors came to Lee Coun...
Finally, the overall Lee County vacancy rates are decreasing. One year ago the overall vacancy rate was over 13 percent. Now, it's less than 10 percent. The vacancy rates are not published by specific area and type of property, but we know that our single-family home vacancy rate is less than ...
It's mid-November, and that means the real estate figures for October are out in several categories. According to the Southwest Florida Real Estate Investment Association, 643 foreclosure lawsuits were filed in Lee County court in October. That's up from Septembers 570, but down from 656 recorde...
If you listen to any newscast, hear a politician's speech or overhear the conversation at the local barber shop, one subject seems to dominate - jobs. Now, after years of negative statistics, Lee County actually has something to smile about....
Michael Timmerman is a senior associate at Fishkind & Associates, a Naples-based economic consulting firm. In a recent article in Gulf Coast Business Review, Timmerman was quoted as saying new home prices are stabilizing because inventory has been shrinking....
According to Lee County Community Development, the number of building permits pulled in August rose when compared to July and more than doubled the number for August 2010. The increase in building permits is a strong indicator of consumer confidence in the real estate market and confirms a decre...
After months of hard work, The Chang Group is proud to announce our new enhanced website was launched at midnight on Friday, September 24. We wanted you to be among the first to know....
What do Marquette, Michigan and Cape Coral, Florida have in common? The answer: They are both ranked in the 2012 Top 10 list by Money Magazine as the most inexpensive places to retire. Marquette came in first with Cape Coral in second. ahead of such metropolitan areas as Boise, Idaho, Pitts...
There was some good news regarding Lee County's real estate sales figures for the month of August. According to a report released by Florida Realtors on Wednesday, September 21, the number of homes sold in Fort Myers, Cape Coral and Lehigh Acres, as well as the rest of the Lee County, rose by 2 ...
