With unprecedented foreclosures and short sales in Lee County, the values definitely continued to decline. Sales went up over the year however.

I’d like to share with you statistics I pulled up today. From January – August residential sales (not including multi-family or land) in Lee County by the year.

2009: 13,505 *
2008: 7,252
2007: 5,414
2006: 8,052
2005: 10,896 *
2004: 9,351

* 2005 was our peak year for values & volumes prior to 2009 which clearly shows nearly 125% more sales than in 2005! I also calculated the median sales price to compare these 2 historical years. In 2005 the median sales price was $248,000. In 2009; just $85,000. While this fact is troublesome for some sellers it presents an amazing opportunity for buyers.

Is this a turning point for the SW Florida real estate market? It sure looks like it. The prices are lower than they’ve been in years creating a fantastic opportunity for buyers. There is also the $8,000 tax credit for first time home buyers through the end of November.

Sellers must be priced right and positioned well in the market. Properties priced well will move. Sellers who may be upside down in their mortgage have options as well. From loan modifications to short sales & beyond. Our office successfully closes several short sales each month.

It is going to be some time before the prices begin to go back up but with the amount of sales taking place at least we can see the light again.

If you have any questions about real estate please give us a call. We’re here and ready to assist.

Florida Future Realty, Inc is a full service brokerage servicing all areas of SW Florida – buyers & sellers alike.

We look forward to hearing from you!

Yours in Success,

Florida Future Realty, Inc.
Inquiry@FloridaFutureAgents.com
(239) 542-8521

Are you looking for an investment property? Second home? Retirement property? SW Florida was hit hard with the decline as we experienced such a high in the boom.

You can now purchase great homes in Cape Coral under $75,000! You can purchase gulf access vacant land under $75,000!

You can buy a gulf access condo under $150,000 in Cape Coral. You can buy a Cape Coral gulf access single family house under $200,000.

Looking at a smaller investment? You can buy an off water vacant lot in Cape Coral under $15,000!

These are just some opportunities that are available.

Real estate is safe. So long as you pay your taxes your investment is very secure.

If you’d like to chat about the possibilities of investing in real estate in SW Florida: Cape Coral, Ft. Myers and Lehigh Acres feel free to call me.

I can be reached at                239-218-2229         or via email at Susan@SusanMilner.com

You can also search for real estate: Lee county real estate for sale

I look forward to working with you!

Yours in Success,

Susan Milner

Florida Future Realty, Inc.

Your Future In Florida Awaits!

Copyright 2008 Florida Future Realty, Inc. Susan Milner

Cape Coral Real Estate