Southwest Florida Blog

The mid year 2010 Estero real estate market statistics for both home and condominium sales are listed below. Estero is ideally located between Ft. Myers and Bonita Springs and is currently in the process of building and developing wherever you travel. It is one of the last areas to be developed in south Lee County and the community offers excellent schools, shopping, and of course, year round sunshine.

Estero Real Estate Sales Data

Estero Home Sales Mid Year 2010*:

• 158 Closed Sales (114 in 2009)
• Average Sales Price – $279,852
• Median Sales Price – $225,500
• Average Days on Market – 107
• Average Sales Price/Square Foot – $116.65
• The list to sales price average was 93.5%.

Tags: buyers, Florida, markets, real estate, sales, sellers

Once again the government is set to throw more taxpayer money right out the window in the name of bailing out homeowners facing foreclosure. Quite frankly, such a move no longer shocks us as much as it makes us just want to scream “stop this insanity.”

Here’s why. The government is going to make $3 billion available through a couple of different programs whereby so called hard hit homeowners facing foreclosure will be able to apply for up to $50,000 “deferred payment bridge loans” that are zero percent interest, non-recourse subordinate financing good for 24 months to help them pay for their mortgage principal, interest, mortgage insurance, taxes and hazard insurance payments. So, let’s see if we understand this right. They have no jobs or are facing some form of severe financial hardship and we are supposed to believe that within 24 months things are going to turn completely around and they will then be back on their feet and just fine? Well, if that’s the case, then why the non-recourse stipulation?

Tags: foreclosures, HUD, mortgages

The mid year 2010 Ft. Myers Beach real estate market statistics for both home and condominium sales are listed below. Ft. Myers Beach is the “happening” locale on Southwest Florida’s Lee Island Coast. Ft. Myers Beach offers every amenity you can imagine- from seven miles of wide sandy beaches, golf, boating, fishing and more than anything else – relaxing. The Beach as its known, is eclectic and diverse. It draws visitors from all over the world and you’ll find all sorts of folks from generations of families to Easter Break kids. There’s nothing else quite like it anywhere in Southwest Florida.

Fort Myers Real Estate Sales Data

Fort Myers Beach Home Sales Mid Year 2010*:

• 64 Closed Sales (59 in 2009)

Tags: buyers, Florida, markets, real estate, sales, sellers

With all the short sales and foreclosures occurring in the Florida real estate marketplace, renters need to know their rights under the recently passed Distressed Condominium Relief Act. Otherwise, they might just find themselves at odds with their landlord and the units association.

Under the new law that went into effect in June, associations are now allowed to collect rent directly from tenants residing in units that are delinquent on their fees. Refuse to pay heed to the association’s demands and you could find yourself facing an eviction notice from the community.

Tags: Florida, living, new laws

The mid year 2010 Fort Myers real estate market statistics for both home and condominium sales are listed below. Ft. Myers sits along the natural splendor and shoreline of the Caloosahatchee River and is known for its fabulous winter weather. The city is a metropolis bustling with historical, cultural, and ecological attractions and the downtown area has undergone major renovations in order to keep up with its continuing growth.

Fort Myers Real Estate Sales Data

Fort Myers Home Sales Mid Year 2010*:

• 1,429 Closed Sales (1,207 in 2009)
• Average Sales Price – $173,875
• Median Sales Price – $125,000
• Average Days on Market – 95
• Average Sales Price/Square Foot – $81.67
• The list to sales price average was 94.90%.

Tags: buyers, Florida, markets, real estate, sales, sellers