As a resident of Moody River, I keep my finger on the pulse of the market. Moody River Estates is a great community located 2 miles from historic downtown Fort Myers and offers all the resort amenities and a great location for a great value. Inventory continues to fluctuate and prices continue to slowly increase. If you are looking to buy or sell in Moody River Estate is North Fort Myers, contact NextHome Advisors – The Jakus Realty Team, the local neighborhood experts to help you.
We currently have 7 months of inventory for Townhouses and Condos in Moody River Estates and 6 1/2 months of inventory for single family homes. Although sales in Moody River Estates have been soft in 2016, with the last few new construction homes and lots being sold, we should se some increase in sales in 2017. Inventory overall in Lee County Florida is on the rise and although prices are up slightly they have slowed down considerably.
Condos and Carriage Homes
Single Family Homes
Everyone’s favorite question is “How is the Market?” – and the answer I provide is it depends where you are looking to buy or having to sell. In Lee County Florida, specifically Fort Myers and Fort Myers Beach, we are going to take a look at Single Family home sales for 2016 versus active inventory and pending sales. The 3 zip codes we are going to examine are 33919 (McGregor near the river south of Colonial Blvd., 33908 (considered true South Fort Myers) and 33931 (Fort Myers Beach). All three of these areas are very desirable and offer excellent amenities to both vacationers as well as full time residents. With a great hospital system, close proximity to the beach and several great gated communities buyers and sellers alike love everything the area has to offer.
The first chart is 33908, and if you look at the top July 2016 was a buyers market. There were 216 single family homes for sale, 30 sold and 29 were pending. In March 2016 there were 260 with 25 sold and only 47 pending sales, so where did the inventory go? Well, this was the highest zip code we examined for expired listings meaning that the sale contract expired and the home is no longer on the market. However, this zip code has the most inventory available of the 3 zip codes we looked at.
Good news for those selling in 33919 because July was a sellers market for this particular zip code. As you can see from the graph immediately below, there were 109 single family homes for sale and 34 were sold and 38 went pending. This has been a very strong area for sellers so far and will continue throughout the remainder of 2016. In this market you will find that the sold price to list price is averaging 94% for 2016. Sellers are getting closer to their ask price than the other three zip codes represented in this update.
Lastly we have Fort Myers Beach, which there were 89 single family homes for sale and 10 were sold and 10 went pending. July was a buyers market on Fort Myers Beach and as you examine the below graph, actives, sold and pending were down compared to June.
Make sure you use a REALTOR that is aware of what the market is doing and that is hyper-local about the activity. Being able to examine what is going on will ensure you get the best price for your home if you are selling or the best price if you are buying. Do not leave any money on the table in this strong real estate market.
The post A closer Hyper-Local look at Fort Myers Real Estate Market appeared first on Jason Jakus.
Fort Myers Florida Real Estate continues to be a strong market for both buyers and sellers depending on where you actually live. I took a look at single family homes in zip code 33919 since that is where our main office is located (see first graph below). As you can see, for the first time this year there is less than 3 months supply of inventory.
It is much different in the adjacent zip code of 33908 for Single Family Homes in Fort Myers Florida. Here we see a rise in inventory, with over 7 months of inventory in July 2016. As a buyer, you should know that pricing is a game of supply and demand. Additionally the price per square foot in 33908 is $ 174 per square foot vs. $ 164 per square foot in the 33919 zip code. The activity in 33908 for sold units and pending sales is significantly lower than 33919 as well.
The key thing when making a purchase in Lee County is to work a REALTOR who is demonstrates knowledge of the area, the market and can negotiate the best buy for you. If you are looking at selling, the same is true. Pricing a property to sell with very little movement in certain areas is absolutely the key.
The post Fort Myers Real Estate is both a buyers and sellers market appeared first on Jason Jakus.
If you look at the “crash” of 2007 and 2008, the available inventory was 36 months based on sales. Today, our inventory is less than 3.5 months and as you can see from the chart, median home prices in Fort Myers near $ 300,000 for a single family home.
June 2016 (Quarterly) is a Neutral market*
Months of Inventory based on Closed Sales in June 2016 (Quarterly): 4.2
• Down 26.5% compared to the last quarter
• Up 31.2% compared to the last year
The foreclosure and REO market is drying up with only 89 total single family homes for sale in June that are foreclosures.
This last chart shows sold properties, pending sales and current inventory in Fort Myers Florida.
For all of your real estate needs or to search all of the most current listings available for sale, please visit us at www.SearchRealEstateFortMyers.com.
As the median home prices continue to climb in Cape Coral Florida, we continue to see less than 4 months of inventory available for single family homes.
June 2016 Average Sold Price per Square Footage is Neutral Based on 6 month trend – Appreciating/Depreciating/Neutral
Average Sold Price per Square Footage in June 2016: $147
• Up 8.9% compared to the last month
• Up 16.7% compared to the last year
Thank you for visiting my website where you will find valuable information about the real estate market in South West Florida. Whether you are a fist time home buyer, purchasing a second home or income property you will find some useful material about today’s market.
Real Estate has been a passion of mine for many years and I have been involved in the business for over a decade now. I grew up in South America and moved to the USA to go to college. Throughout my professional career, I have worked in the banking industry in many capacities one of them as a lender. After that, I started a rental company, purchasing and renting out income producing multi family units. Now, I work as a Realtor, where I pride myself of offering superior customer service before, during and after the transaction. I have also been involved in international trade representing diverse products for global companies. This has taught me to appreciate diversity and helped me to gain experience in handling customers with different backgrounds. Other than real estate, tennis is my hobby and I share this with my child who competes in this sport. I love the beach and spending time with friends and family as well as traveling and learning about different cultures.
Knowledge, commitment, honesty, expertise and professionalism are the cornerstone of my business. Let me earn your trust, your business and most importantly your friendship. Don’t make another move without me. I guarantee you will see the difference quality service makes. I look forward to working with you!
Please use my website as a continued resource and if you need more information on anything, please feel free to call or email me.
Our favorite home of the week is located at 12712 Kingsmill Way, Fort Myers, FL 33913. It is situated within The Plantation development in the Somerset neighborhood which is one of Fort Myers’ most prestigious golf communities. The 18 hole Hardzan-Fry designed course is both beautiful and challenging. This home has convenient access to virtually everything including Southwest Florida International Airport, the gulf coast beaches, shopping at the Gulf Coast Town Center, and the new Boston Red Sox Spring Training Facility. In addition its close proximity to I-75, provides easy access to other destinations within the State. Community amenities include: 18 hole golf course and 38,000 sq, ft. clubhouse, Dartington’s Restaurant and Bar, tennis courts and pro shop, resort-style swimming pool, fitness center, sauna, massage, library and billiard room.
This Dartmouth model home was magnificently constructed by Pulte Homes and is spectacular in every way including many custom feature with the best finishes available. This superb home features 2557 sq. ft. under air including three bedrooms, a spacious office, large great room and enormous outdoor living area. The palatial entry opens to grand scale interior features including porcelain diagonal tile, tray ceilings, custom crown molding and other exquisite upgrades. The chef’s kitchen has an oversized island with built-in eating area, 42 inch cabinets with soft close drawers, level three granite counter tops, built in oven, convection oven, stainless steel appliance package and elegant back splash. The spacious master en-suite offers a soaking tub and stand up shower, an oversized master closet and level 2 granite countertops. Custom upgrades include Onyx lighting by Quoizel, Emerson ceiling fans, 10 foot interior doors, second guest en-suite, 3-car garage with an additional 4 feet in length for oversized vehicles, paver driveway and Kinetico water system. The oversized screened lanai and outdoor living area features a heated in-ground pool with an elegant water feature and lush privacy landscaping. The upgraded variable speed 4-ton outdoor air conditioning system and 5-ton interior air handler is energy efficient. The Plantation offers a full amenity center including a business center, large gym, oversized resort style pool, and tennis courts.
If you are interested in a home in The Plantation, Fort Myers, I strongly urge you to see 12712 Kingsmill Way. It is one of our favorites. More information about this beautiful luxury pool home, including area schools, demographics and what’s nearby can be found on the property page. Once there you can also print out the property brochure or email it to others. Finally, if you would like to visit this property, I would be anxious to schedule a showing for you.
CoreLogic predicts a 9% year-over-year price increase for Florida. This is great news for Pine Island Real Estate and SWFL as home listing prices continue to rise. Of course, this is better news for sellers than buyers but there are still many deals to be had on Pine Island. As many snowbirds begin to head north, now may be the time to make an offer on your vacation dream home or future retirement spot – the key is to make your move before you find yourself using the words “I should have….”
Florida is amongst only a few states across the country posting a +6% gain in pricing or more. The greater majority of the country is expected to be below that. So this is great news for sellers on Pine Island. In terms of the East Coast, Florida outranks other states including Connecticut and New Hampshire who are expected to post gains slightly above the 6% mark.
As one would expect, pricing is based on demand and availability but there is one other factor that drives demand in Florida – weather. Florida’s warmer temperatures drives hundreds of thousands of visitors each year. When it comes to home buying, many of today’s customers are looking for a warmer place to retire, fishing, boating and other outdoor activities. Pine Island offers all of that when it comes to real estate choices.
Check out my webpage to pull your own Customized Market Analysis (CMA) or give me a call to help you (239) 223-5758. As a full-time real estate agent for NextHome Advisors on Pine Island, I have a better handle on pricing trends as I am fully immersed in the market. My local insights on property pricing, sales and other relevant home data is critical to helping you make the right home purchase. Feel free to call anytime with Pine Island Real Estate questions.
The post 9% Price Increase Predicted – Good news for Pine Island Real Estate appeared first on Ron Acosta…Serving Pine Island.
Assisting clients to market and sell their home sold for the most money in their particular time frame is always our number one objective. Below is a list of properties Listed and Sold by Jason Jakus, the Jakus Realty Team of NextHome Advisors in 2015. We specialize in marketing and selling homes that failed to sell the first time on the market.
Please contact us for a list of our Most Recent Sales. We are also happy to provide you with a list of references to call anytime.
|1013 TROPIC TER||NORTH FORT MYERS|
|1813 FRENCH ST||FORT MYERS|
|1402 GARDENIA AVE||FORT MYERS|
|3038 ROYAL PALM AVE||FORT MYERS|
|1015 ROSE AVE||FORT MYERS|
|5514 VIRGINA DARE LN||NORTH FORT MYERS|
|1409 FLORAL DR||FORT MYERS|
|4641 PALM TREE BLVD #1||CAPE CORAL|
|3425 FRANKLIN ST||FORT MYERS|
|1495 MAPLE DR||FORT MYERS|
|5526 BEN FRANKLIN LN||NORTH FORT MYERS|
|2253 9TH CT||LEHIGH ACRES|
|8687 RIVER HOMES LN #4101||BONITA SPRINGS|
|1873 JEFFERSON AVE||FORT MYERS|
|3490 N KEY DR #316||NORTH FORT MYERS|
|12001 ROCK BROOK RUN||FORT MYERS|
|13288 WHITE MARSH LN||FORT MYERS|
|1118 NW 10TH ST||CAPE CORAL|
|1115 SE 29TH ST||CAPE CORAL|
|8160 PELICAN RD||FORT MYERS|
|14831 PARK LAKE DR #310||FORT MYERS|
|28121 PINE HAVEN WAY #111||BONITA SPRINGS|
|11026 SMOKEY DR||BONITA SPRINGS|
|2719 NW 9TH AVE||CAPE CORAL|
|13100 BELLA CASA CIR #124||FORT MYERS|
|15645 OCEAN WALK CIR #116||FORT MYERS|
|2350 W 1ST ST #406||FORT MYERS|
|1819 SE 20TH LN||CAPE CORAL|
|2505 NW 24TH ST||CAPE CORAL|
|1203 NW 20TH TER||CAPE CORAL|
|321 SANTA BARBARA BLVD||CAPE CORAL|
|5561 PANGOLA RD||FORT MYERS|
|2019 HANCOCK BRIDGE PKY||CAPE CORAL|
|1606 SW 19TH TER||CAPE CORAL|