Just when inventory levels have hit lows in this area not seen in years, some of the premier Florida developers are poised to begin building again in a very large way in 2012.

Cameratta Companies has started development of The Preserve at Corkscrew near Bella Terra on Corkscrew Road. It is slated to have 120 Phase One homesites available in early 2012. Lennar and Pulte Homes have been selected as the premier builders.

Lennar has also taken over at Treviso Bay in Naples and are soon to begin building there again too.

The Ronto Group filed for the extension with the city of Bonita Springs for two projects east of Interstate 75 near Village Walk that are permitted for nearly 2,000 housing units. One will be golf course centered and the other will be a retirement community.

Continue Reading Even More Proof Florida Real Estate is Rebounding

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The 2011 third quarter Cape Coral and Fort Myers real estate market statistics for both home and condominium sales are listed below.

Cape Coral known as “The Cape,” is a boater’s and fisherman’s paradise and offers almost 200 miles of salt water canals with Gulf access.

• In comparison with 2010 3rd Quarter sales data, we saw a 15% decrease in the number of Cape Coral home sales and a 19% increase in the number of Cape Coral condominium sales. The average price for homes rose by 47% while the average price for condominiums rose by 31%. At the end of the quarter, there were 1,797 active residential properties listed in the Cape Coral MLS. That’s a decrease of 17% versus this time last year.

Continue Reading Cape Coral and Fort Myers Real Estate: 3rd Quarter 2011 Sales Review

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One thing is for certain here in Southwest Florida. The area has some of the best luxury real estate available within the entire state. And, when you consider the hard times the market has been suffering through the last few years, the luxury market has actually held up quite well.

The following 1St Quarter 2011 sales data covers some of the best locations for luxury properties in Florida. It includes the cities of Bonita Springs, Naples and Marco Island and will give you an idea of what the market is doing in the much sought after neighborhoods like Port Royal, Pelican Bay, Barefoot Beach and Cape Marco.

Luxury Property Sales $1 Million – $2 Million

Home Sales 1St Quarter 2011*:

• 77 Closed Sales (66 in 2010)

Continue Reading Luxury Florida Real Estate: 1St Quarter Sales Review

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Following the declines seen in last years numbers, foreclosures in the Southwest Florida real estate markets continued to subside in the first quarter of 2011.

Lee County’s first quarter foreclosure rate was second in the state, with one in every 86 properties in a foreclosure action for a total of 4,248 homes. It was a drop of 34.4% compared with the fourth quarter of 2010 and a decrease of 58% from the first quarter of last year.

Collier County ranked 29th in the state for foreclosure activity with a rate of one in every 196 homes filing for a total of 992 properties. It was a decrease of nearly 55% compared with the last quarter of 2010, and a decrease of 70% from the first quarter of 2010.

Continue Reading Southwest Florida Foreclosures: 1St Quarter Review

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The end of year 2010 Pelican Landing real estate market statistics for both home and condominium sales are listed below. Located in Bonita Springs, it is widely recognized as one of the most premier golf club communities in the area.

Pelican Landing distinguishes itself by being the only community in the area to own a private barrier island on the Gulf of Mexico. The island includes a 32 acre beach park that residents have daily access to via a community run boat shuttle service. Residents can also opt for membership in the Pelican’s Nest Golf Club. Its two 18 hole Tom Fazio designed golf courses are considered by many as some of the best available golf courses in all of Southwest Florida.

Continue Reading Pelican Landing in Bonita Springs, Florida: 2010 Real Estate Sales Review

Tags: markets, real estate, sales, SW Florida