Posted: under Real Estate.
Tags: Lee County foreclosure, lee county foreclosures, Lee County home price
There were 953 mortgage foreclosures filed in Lee County in September — up from 834 in August but down sharply from the 1,610 filed in September 2009, according to statistics released today by the Southwest Florida Real Estate Investors Association.
That’s a slight increase in the pace of foreclosures, which surged after the housing market collapsed in 2006 but then started to fall after reaching a peak of 2,665 in November 2008.
The increase likely isn’t a sign that a second wave of foreclosures is coming, said Jeff Tumbarello, director of the association.
“I don’t think we’ve got that many more to go through,” he said. “We’ve canceled out the boom.”
Source from The News-Press
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Oct 02 2010
Posted: under Real Estate.
Tags: Cape Coral median price, Lee County home price, Lee county properties price history
March has show an increase of the number of homes sold by Realtors in the Greater Fort Myers area.
There were 11.2 percent more homes sold in March 2010 if compared with March 2009.
Realtors of Lee county have sold 1474 homes in March compared with 1326 in March 2009.
Single family pending homes rose by 22.3 percent month-to-month. However, the pending number is almost the same from March 2009 with 2063 for March 2010 and 2019 for March 2009.
As for the median price, it is at $90,000 for March 2010, 7.2% more than March 2009 and 5.9% from February 2010.
The record number of existing home sales in March is indicative of the continued demand for homes in Southwest Florida due to affordability and low interest rates. Buyers still tying to take advantage of the tax credit before the April 30 deadline need to act now as available inventories are rapidly being depleted and as a result, the median price rose $5,000 in the past 30 days.
There are currently 11,147 properties currently listed in the MLS, a number that is 4,138 (27.1%) less than in March of last year.
Of these, 6,889 are single family homes, which is 28.7% lower than in March 2009, when 9,666 single family homes were in inventory.
The median price encompasses three types of properties: traditional, short sales and foreclosures. At the end of the first quarter of 2010, the median price for traditional properties rose $5,000 from $135,000 to $140,000; for foreclosure properties, the median price dropped $2,900 to $67,000; however, the median price for short sale properties dropped 10.5% to $85,000 from $94,950 in the prior quarter.
Of the existing home sales in March, traditional sales accounted for $38.8% of all sales, while foreclosures were 44.4% and short sale made up 16.8%.
This do not necessarely include sale made without a Realtor, like the “for sale by owner”.
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Apr 24 2010
