fort myers home prices | Fort Myers FL Homes

The Summer Doldrums

By | Market Report | No Comments

The Summer Doldrums

 We have all heard this phrase “the summer doldrums” and associate it with a slow down. Here is the dictionary definition:

doldrums. a state of inactivity or stagnation, as in business or art: August is a time of doldrums for many enterprises. a belt of calms and light baffling winds north of the equator between the northern and southern trade winds in the Atlantic and Pacific oceans.

Here in Southwest Florida it has deeper meaning by both definitions. In the literal sense we find that the waters on the Gulf are much calmer than normal. For us boaters it is an opportunity to get out and enjoy the Gulf of Mexico without having to worry too much about choppy waters. More importantly though, from a business perspective, it is the time of year when things are most calm. Year round residents enjoy less crowded highways and shorter lines while checking out at stores. Most importantly though, they enjoy the best deals of the year. Merchants are offering all kinds of incentives to drum up summer business. Coupons, 2 for 1’s, and incentives abound this time of year as merchants vie for the local residents who clearly have the upper hand this time of year.

It should come as no surprise that the same concept exists in the Real Estate market. We are in a seasonal market and the majority of residents think seasonally. Come January the market will be flooded with new listings and higher prices and transactions in April and May will be double that of August and September.

fort myers home pricesWe are all familiar with the contrarian theory and for those of us that are willing to adopt it there can be rewards. In every market there are those who for whatever reason need to sell. It only stands to reason that those who need to sell in the summer have fewer buyers and will therefore pay more attention to whatever offers they receive. Are you a contrarian? If so we want to hear from you. Brad and I stand ready to assist you in finding the dream home you have been waiting for. Give us a call at 239-963-4811.

Fort Myers Home Prices Firm Up | Are We at the Bottom?

By | Foreclosure Advice, Market Report | No Comments

The front page of today’s News Press reads “Lee County Home Prices, Sales Go Up”.  Optimism in the real estate industry has been hard to come by in recent times.  For the savvy home buyer, statistics prove the Southwest Florida real estate market is on the rebound.  The median price of a home in Lee County increased from $89,700 in September to $91,600 in October.  Those numbers may seem insignificant to the median home price of $322,300 in December of 2005, but the numbers are extremely important.

The savvy home buyer now knows that prices are on the increase, so much that 1,413 homes were sold in the month of October, just in Lee County.  Based on what we’re seeing, the deals are still plentiful.  We are receiving new notifications of incredible homes for even more incredible prices enter the market daily.

With the first time home buyer credit extension and deals of the decade, we anticipate sales will continue to rise as prices continue to firm up.  If you would like to be notified of the best deals as they enter the market, simply fill out the form on the top right of this page.  We will keep you in the “know.”

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