Hurricane Irma is long behind….Pine Island Real Estate is bouncing back.

Real estate on Pine Island has been a little off lately.  I’m not sure it’s the political climate or the after effects of hurricane Irma. The real estate that I thought would have sold quickly has been slow to move.  Buyers seem a little hesitant to pull the trigger.  It may just be a lull here on the island that other markets like Cape Coral just aren’t feeling.  In fact, real estate in Cape Coral has been on fire.  New construction is through the roof and growth for the area is projected to be tops in the country.

Though, as much as that’s great news for Cape Coral, I much prefer the island lifestyle here on Pine Island.   So for my $, I would still prefer Pine Island Real Estate over nearby areas like Cape Coral, Punta Gorda and Ft. Myers.

And lets face it, people come here to escape the hustle and bustle of the city.  Just this weekend, I had some clients out on the boat and we caught a number of different species from trout to jacks, from mackerel to blue runners.  The highlight of the day came when we put a live blue runner out behind the boat and voila….we hooked into a 8-10 foot hammerhead shark.  The shark won the battle but that’s an experience you can’t get everywhere.  Welcome to Pine Island!

Feel free to call me for real estate or fishing tips, or both!

The beauty of Pine Island is that you're just a short boat ride away from some of the most beautiful beaches in the world.
The beauty of Pine Island is that you’re just a short boat ride away from some of the most beautiful beaches in the world.

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NextHome Advisors Jason Jakus Named Broker of the Year

FORT MYERS, Fla., March 30, 2018 /PRNewswire/ — The Royal Palm Coast Realtor Association names NextHome Advisors Broker-Owner Jason Jakus as the 2017 Broker of the Year. This honor is awarded to brokers for their outstanding involvement and accomplishments during the past three years. This award takes into consideration involvement in the Royal Palm Coast Realtor Association, Involvement in leadership, community involvement and the real estate business.

Jason Jakus has served as the 2015 President of the then Realtor Association of Fort Myers & the Beaches where he was instrumental in merging his association with the Cape Coral Realtor Association. Jason also served as Florida Realtors Vice President for Southwest Florida in 2016 and in 2018 he serves as the President of the Real Estate Business Institute for Florida. Jason is also involved with several local non-profit organizations including the Lee County Homeless Coalition.

“I am extremely honored and humbled to receive such an amazing award and look forward to continued success of the Royal Palm Coast Realtor Association. NextHome Advisors is committed to superior service and giving back to our community,” Jason stated as he won his award at the member breakfast.

NextHome Advisors is part of NextHome, the fastest growing Real Estate Franchise in America with currently 260 offices in 42 states. The Royal Palm Coast Realtor Association serves over 7000 Realtor members and 750 brokerages.

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Moody River Estates Real Estate Update

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

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A closer Hyper-Local look at Fort Myers Real Estate Market

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.

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Fort Myers Real Estate is both a buyers and sellers market

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.

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Fort Myers Real Estate Trends over 10 Years

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.

 

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Cape Coral Real Estate Trends

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

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Welcome

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.

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Favorite: 12712 Kingsmill Way Fort Myers

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.