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June 2014

There are 3 blog entries for June 2014.

No, I Can't Find You a Tudor Style Home on 2 Acres in Town

Saturday, June 28th, 2014 at 9:52am. 16,460 Views, 2 Comments.

Imagine this Tudor style home with palm trees around it near the beach? Or better yet, surrounded by scrub palms out near the swamps of the Everglades!In SW Florida? For how much? Did you say $650K? Really now - that's amusing. I basically busted out laughing at this request - couldn't help myself. Was probably not the best thing to do on the phone with a potential client. However, after almost 16 years of hearing every type of request under the sun, I just could not hold the laugh in any longer. I guess with the fact that so many have missed their buying opportunity with the housing downturn (4 years too late now) and others from up north thinking they can try and duplicate what they have up there here in Florida, I'm due one minor faux pas. And quite frankly, I'm too busy to try…

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Re-Sale Home Inventory in SW Florida Falls To 2007 Levels

Sunday, June 22nd, 2014 at 8:07am. 3,626 Views, 1 Comments.

Re-Sale Home Inventory in SW Florida Falls To 2007 LevelsThe available SW Florida re-sale home inventory for May is at its lowest level since 2007 according to the latest Naples Area Board of Realtors (NABOR) monthly sales report.

Demand remains high too, with overall pending and closed sales both topping 1,000 for May. Many local real estate brokers are saying they don't see these factors as signs that a new bubble is building, which is defined as too much demand chasing too little supply, which pushes up prices to unsustainable levels for the average buyer. We concur with this observation at this point in time. Basically, what we have here is a lid being kept on the market by the fact…

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SW Florida Real Estate – Rising Sales Prices Predicted Until 2017

Friday, June 6th, 2014 at 3:16pm. 4,455 Views, 0 Comments.

SW Florida Real Estate – Rising Sales Prices Predicted Until 2017For 29 straight months, overall median sales prices have risen for both single-family homes and condominiums here in Southwest Florida. Local markets like the Naples, Immokalee and Marco Island areas have seen prices rise 13.6% (the highest in the state) over the last year. Others like the Cape Coral and Ft. Myers areas saw prices rise by 8.3% (9th highest in the state) over the same time period. Both compare favorably to the national average which averaged 10.5% year over year.

Overall in Southwest Florida, the driving force behind the ongoing price rises is the "dearth of inventory"  that researcher CoreLogic "expects will…

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