Saturday, June 11, 2016
Well, now you have it. What $500,000 buys in SW Florida Real Estate Market
What $250,000 Buys in SW Florida Real Estate Market
You can always call us at 239-489-4042 or Search the MLS like a pro We'd love to help you find your dream home or sell the home you have. Always call the Ellis Team at Keller Williams Fort Myers & The Islands
Sunday, May 15, 2016
To find out more about why Sande and Brett made the move you can read the article from the News Press and their Blog.
If you're an agent contemplating a career move and would like to talk to Sande or Brett, please feel free to call at 239-489-4042
To search the SW Florida MLS visit our SW Florida MLS Property Search
Monday, June 01, 2015
Friday, May 15, 2015
Buyers will now have inside access to one of SW Florida's leading real estate teams. The Ellis Team lists and sells more property than anybody, but we don't take every listing. With our new Buyer Advantage Program tm buyers will gain access to the listing appointments we're working on. If a potential listing sounds interesting they can contact us to arrange early access to see the home. This is especially helpful in tight inventory markets like we have in SW Florida.
We're also providing an Open House Pass. Buyers hate to be hounded by agents after the open house. If they visit several open houses they have several agents following up trying to sell them something. It takes the fun out of viewing open houses. We've got a solution for that. Simply print out and show them your Open House Badge. It tells them you're a customer of the Ellis Team and not to bother you. They can contact our office if they have updates they want to tell you about. You can give them your name but not all your contact info.
We also have Free Reports for our Buyer Advantage Program members.
We'll be adding benefits and more reports in the future. We hope you find this program useful, and as always, if you have questions or would like to talk to us, give us a call at 239-489-4042 We're easy to talk to and we like to help people. We're never pushy and we listen to your needs and help you find what you want.
Always Call the Ellis Team at RE/MAX!
Saturday, May 02, 2015
We've had some new sections and modified some others.
Shadow Wood Preserve
San Carlos Park Homes
New Construction in SW Florida
We plan on adding more neighborhoods regularly. If you have an area you'd like to see added we'd like to know. We've also made it easy to search the MLS inside each of these pages for just properties in that neighborhood versus searching the entire MLS. Sometimes people are looking for a specific neighborhood and this makes it easy.
Tuesday, March 31, 2015
We've got some new web pages to tell you about. The first is our new San Carlos Park Homes page. We've added MLS search for homes directly on the page, so if you're interested in searching San Carlos Park Homes For Sale you can from this page.
We've also recently updated our Trivia page for Fort Myers
We've added links and photos to our SW Florida Entertainment page as well.
My personal favorite is our new Southwest Florida Schools page. We've got links to all the colleges, high schools, middle schools, and elementary schools in SW Florida.
Stay tuned for an update on our Bella Casa close out sale too. We had a good weekend March 21 and we're looking forward to doing another close out sale soon. We have some excellent incentives so if you're in the market for a luxury condo in South Fort Myers at an affordable price, let us know.
We hope you enjoy our new San Carlos Park Homes For Sale page. We'll be adding more pages soon around Fort Myers so stay tuned.
Tuesday, March 17, 2015
Bella Casa will have onsite lenders available to help you finance your residence with special incentives. Agents will be available to give you a personalized tour of the units and the amenities. You'll fall in love with the resort style pool, hot tub, clubhouse, fitness center, and of course the luxury condominiums.
Bella Casa is located on Plantation Rd 1/4 mile North of Daniels Parkway in South Fort Myers. It is very close to Gulf Coast Hospital, Minnesota Twins and Boston Red Sox Spring training facilities, FGCU, I-75, Bell Tower shops,and the Fort Myers airport.
Units start in the $130's. Many people are surprised that they can buy for less than renting. These units are spectacular. If you're lease is about up or you're thinking about a 2nd home, this might just be the place for you.
Stop by and see us, we'd love to show you around. You can come before the crowds on Saturday too if you like.
For more information give our office a call at 239-489-4042
Saturday, February 07, 2015
Bella Casa offers 1, 2, and 3 bedroom residences with granite counter tops, luxury resort style pool and spa, clubhouse, tennis court, and much more.
Here is a video of Bella Casa
Search for listings in Bella Casa We have more to choose from as well. Call our office at 239-489-4042 and we can get you more information and a list of more brand new condos to choose from.
Monday, January 19, 2015
Bella Casa has a heated Resort style pool and spa with clubhouse. Best of all Bella casa offers low maintenance fees, currently at $213/mo.
The Ellis Team at RE/MAX has several units listed from $134,716 and a 2 bedroom unit for $155,778
An article was just in the News Press over the weekend and that article can be found on the Ellis Team Blog.
Saturday, October 25, 2014
Our Listings Sitemap can be found here.
Don't forget to read about Mortgage rates hitting new lows.
Information provided by:
The Ellis Team
RE/MAX Realty Group
Fort Myers, FL 33907
Visit our website at www.Topagent.com
Monday, October 06, 2014
For instance, I performed a search for just properties in Fort Myers and it opened up a search page to search only those properties every way imaginable.
Next I tried a search for Cape Coral Florida properties priced between $300,000-$400,000 and 225 matches came up.
I particularly like the listing at 3236 Delilah Dr in cape Coral
Thursday, October 04, 2012
For more detailed information you can read the full blog on our Top Agent SW Florida Blog
Sales are down as inventory has fallen. Prices are up over 20% from last year in the Fort Myers and Cape Coral Florida market and are really set to soar as soon as jobs pick up.
RE/MAX Realty Group
Fort Myers FL
Wednesday, August 22, 2012
Good luck and be sure to be prepared when an storm is approaching.
Friday, August 10, 2012
View the August National Housing Report
Monday, June 18, 2012
You can view the interactive Reflection Lakes Map Here.
Saturday, June 02, 2012
Reflection Lakes Map
You can also view our latest SW Florida real estate market report for June 2012.
Thursday, April 26, 2012
Sunday, April 22, 2012
This video goes through pages of graphs and data to illustrate the latest trends in the Fort Myers and Cape Coral real estate markets.
If you'd like to search the MLS, check out our free MLS Search Page
RE/MAX Realty Group
7910 Summerlin Lakes Dr
Fort Myers, FL 33907
Thursday, February 23, 2012
We hope you find these tips useful. If you need an agent in sunny SW Florida to assist you with buying or selling, feel free to call the Ellis Team at RE/MAX, or visit our website for virtual tours, Search the MLS for Free
Ellis Team at RE/MAX Realty Group
7910 Summerlin Lakes Dr
Fort Myers, FL 33907
Friday, January 13, 2012
Read all about it at Important Tax News Could Save You Thousands
Watch our January 2102 SW Florida Real Estate Market Report
Search SW Florida MLS for Free
Tuesday, September 20, 2011
Thursday, September 15, 2011
Tuesday, July 26, 2011
Brett recently wrote an article that will be published in the Fort Myers News Press this weekend entitled Banks Revving Up For More Short Sales. It explains in details the intricacies of a short sale and what to look for in packaging the deal to the lender. Brett and Marisa also discussed short sales in Cape Coral and Fort Myers on the Future of Real Estate Show entitled "Banks Gearing Up for More Short Sales in Fort Myers, Cape Coral, SW Florida"
Thursday, June 16, 2011
Wednesday, May 18, 2011
Thursday, April 07, 2011
Sunday, February 13, 2011
Tuesday, November 23, 2010
AWESOME AND THEN SOME! Amazingly updated 4 bedroom, 3 bath, heated pool home with beautiful slate tiled lanai and Bamboo floors throughout. THE UPGRADES:Gourmet kitchen features Kraftmaid cabinetry with pull-out drawers for maximum storage, granite counter tops, micro-convection oven, warming drawer, 2 drawer Fisher & Paykel dishwashers, wine refrigerator. Luxurious master bath with custom tiled shower and jetted tub. Also custom his/hers closets. New lighting and fans throughout. Home protected with hurricane panels and windows. Terrific floor plan offers privacy for all! And tennis lessons delivered to your own community. Note the children's playground.
Wednesday, November 17, 2010
Gulf Access Condo! And with a rubberneck you can see the water. Close to shopping,and restaurants. Very well kept two bedroom condo with private secure foyer entrance. Spacious rooms and plenty of closet space. Recent upgrades include replumbed, newer stove, dishwasher, water heater and interior paint. Spacious lanai overlooks tropical setting around pool and shuffleboard. Condo dock space is first come first serve. This unit is perfect for winter resident or retirees.$3100 roof assessment paid! Get all the details here
Lovingly cared for canal front home with direct Gulf access sits on a large corner lot with fruit trees and plenty of room for a pool. As you enter you notice the screened front porch with water features which can be enjoyed from the large living area. This North Fort Myers home boasts 2 masters each with their own bath with sunken tub/shower combos. The eat-in kitchen offers newer cabinetry, plus formal dining area. The large Florida room overlooks the canal, dock + davits. For more information go here
Monday, November 15, 2010
Looking for great real estate values? Then Lee County is the place to look! Check out this second floor, 3 bedroom, 2 bath Carriage home in beautiful Reflection Lakes. There are upgraded stainless appliances in the kitchen and easy care, wood-like laminate floors in living areas. The Master suite has a luxurious bath with separate shower, tub, dual sinks. To get all the details go here
Award winning floor plan in St. James City on Pine Island where progress does not thwart nature. If you are a name dropper, you might mention living down the street from the Bald Eagle family- tending their nest. Trade the corporate hustle for serenity-nothing can be built across the street. 7500# or 10,000# boat lifts provide the perfect escape for a day of fishing or island hopping. Muscles aching from catching the big one? Relax in your own private hot tub/spa. If not by boat bring out the float- for the disappearing edge pool. Gorgeous as the pool water appears to cascade into the canal. You might want to keep your new address a secret as this very open design lends itself to entertaining on a grand scale. Go here to get more details!
Wednesday, November 10, 2010
Live the Florida dream in this lovely three bedroom, three bath, pool home. Fabulous location, close to river. Enjoy your private boat lift, 200 yards to the river. Minutes to gulf. Home is loaded with updates. Gated Community. Must see!! For all the details go here!
Tuesday, November 09, 2010
Take for example this 3 bedroom 2 bath home in Lehigh Acres. It doesn't get better than this! This beautiful home has never been lived in and is the Belvedere floor plan by First Homes. You will love the computer tech center-ideally located. It's an open floor plan with upgraded kitchen cabinets. Appliances will be installed at closing. Go here to get more information on this fantastic opportunity.
Thursday, September 16, 2010
Wednesday, August 25, 2010
Tuesday, February 23, 2010
New videos were just released illustrating what changes 2009 ushered in and what to look forward to in 2010. View Video 1 Market Update Video From there you can view other submarket videos in Lee County Florida, or view Video 2 overall market update as well.
View a detailed analysis on all 5 Market Report videos for quick information on SW Florida real estate.
Tuesday, May 19, 2009
Did you know you can search for bank foreclosures on your own? You can. Here are a few links to get you started:
Cape Coral Foreclosures Under$100k
Cape Coral Waterfront Foreclosures
Fort Myers Bank Foreclosures Under $200k
Fort Myers Bank Foreclosures $200k & Up
Reflection Lakes Foreclosures
Lehigh Acres Bank Foreclosures Under $100k
Lehigh Acres Bank Foreclosures $100k & Up
Tuesday, April 14, 2009
Visit our Blog for the latest on what's happening in SW Florida real estate, or read the article about the video.
Thursday, October 16, 2008
Tickets are only $45 and includes wine, food, and music. To order your tickets call 239-417-3450 or e-mail Deanne Martin at Deanne@GalerieduSoleil.com A copy of the brochure can be viewed here.
Food provided by Handsome Harry’s, Campiello’s, Ridgeways and Tommy Bahama.
Sponsored by Naples Packing and Shipping, Bellasera Hotel, Bentley Motors of Naples, Architects Unlimited and Robb & Stucky. Other generous donors include: Amanda Jaron Jewelry, Naples Illustrated, Remax/Ellis Team, The Bob Harden Show, Evelyn and Arthur Boutique, Mac Furniture, Olde Naples Chocolate, Vergina on Fifth Avenue, Naples Princess, Lely Resort, Pazzo! Italian Cafe, Trilogy of Naples, Cafe Luna, Femmes Je Vous Aime, Seraphim Boutique, Julie’s of Naples, Ava’s Flowers, Chop’s, Yabba Island Grill and Blue Water Bistro.
Saturday, March 22, 2008
Friday, May 25, 2007
View Month over Month SW Florida Real Estate Median Prices Graph.
View SW Florida Real Estate Homes Closed 2005-2007 Graph.
View SW Florida Real Estate Sale Prices 2005-2007 Graph.
Tuesday, April 10, 2007
SW Florida was one of the hottest housing markets in the country, and with that came overbuilding by several builders and investors who failed to accurately evaluate the market. This is a classic example of the "What a Bigger Fool WIll Pay" theory until finally the market collapsed under it's own weight. The rebalancing of the SW Florida real estate market is a healthy thing, although we have seen much pain along the way and the First Home crisis is just another example.
Saturday, March 31, 2007
Homes Closed in 2007 is below both 2005 and 2006 levels. Real Estate Prices are between 2005 and 2006 levels, and month over month changes are quite interesting to watch to spot the latest developments. For more SW Florida Housing Statistics, check out our Housing Statistics Webpage.
Feel free to search the Fort Myers and Cape Coral MLS, or visit our Top Agent Website for more SW Florida information.
Wednesday, March 28, 2007
2007 will be a different year as assesses values should decrease. Assessed values are based upon the value January 1 of each year, and 2006 was a year in decline, so Jan 1, 2007 numbers should reflect a change downward, although we won't see those numbers until later in the year.
Monday, March 19, 2007
Search all SW Florida Real Estate Listings in MLS
View Ellis Team website
SW Florida real estate housing statistics
Future of Real Estate Weekly Radio Show
View our Blog
The Ellis Team makes it easy to search for homes on the MLS in SW Florida.
Thursday, February 15, 2007
RE/MAX Realty Group
Fort Myers, FL
Tuesday, November 28, 2006
Sunday, October 29, 2006
Monday, September 25, 2006
Wednesday, August 23, 2006
Tuesday, May 09, 2006
Thursday, May 04, 2006
Brett Ellis of The Ellis Team at RE/MAX Realty Group, leading agents in SW Florida real estate, attended the meeting.
We always enjoy attending this meeting. We enjoy networking and sharing Top ideas from other Top Agents in the industry. Each year we focus on new marketing techniques and ways to make our clients properties stand out, and this year was no exception.
Not only do we focus on marketing, we also focus on better communication with clients, and ways to make our team more efficient. The end result is our clients benefit in untold ways.
Categories: Cyber, Professionals,, Annapolis, MD,, Top, Agent,, Tech, Savy, Realtors,
Tuesday, April 11, 2006
Categories: Search, Homes, Reflection, Lakes, Fort, Myers, Florida, MLS, SW, FLorida, real, estate
Sunday, April 09, 2006
Categories: SW, FLorida, Blog, Site, Ellis, Team, real, estate, schools, government, links,
Thursday, March 23, 2006
Condo sales were down 44% from February figures last year as mentioned above. Condo sales were down 14% from January 2006 numbers as well. Median price was actually up 12.78% over January 2006 numbers.
The Ellis Team at RE/MAX Realty Group has reported an increase in sales over last year. This is partially due to a "Flight to Quality" when the market conditions change. Consumers are no longer willing to settle for an agent or company who is perhaps the lowest price. Sellers are demanding more service, more advertising, and better negotiating skills, and just won't settle for less. Sellers realize in a Hot market they could attempt to go with an agent who provided less services, because if the first deal fell through, there were other buyers waiting.
This isn't true anymore. Sellers want aggressive marketing. They realize inventory has risen, and buyers now have choices. They want to be first in line, not at the back of the line. This is why pricing, and the choice of the Listing agent becomes crucial. It really does matter who you list your home with, what services they will provide, and what counseling you will get. The expertise you receive from a seasoned experienced agent varies vastly than from soomeone who hasn't been in the business long enough to see up, down, and sideways housing cycles.
We'll provide some of these differences in a subsequent post.
Categories: Mixed, report, home, sales, ellis, team, up, florida, association, of, Realtors, flight, to, quality, advertising, condo, sellers, marketing, aggressive, experienced, agent, pricing, listing
Thursday, March 16, 2006
So the question is, did the seller really save anyhthing, or did it cost the seller? Answers are provided in the linked article.
Categories: Limited, Services, Broker, Study, discount, experienced, agent, real, estate
Friday, March 10, 2006
The Ellis Team ranked #46 U.S. and #54 Internationally again in 2005. It is a great honor to represent RE/MAX and accept this award. We strive each year to offer the best service, marketing, negotiating, and customer experience to our clients, and each year our hard work and dedication pays off.
We also enjoy sharing with other agents around the country our secrets to success. We feel by sharing what we do well, we help raise the bar for the entire industry, and that makes us all better; Realtors and consumers alike.
We continue to speak and teach at various conventions, Universities, and workshops. By teaching you also learn, and it's also great networking opportunities. Many agents across the country refer to the Ellis Team, which in turn helps our clients sell their homes faster.
If you're looking to buy or sell a home, lot, condo, second home, or investment property in SWFL, please call us. 800-860-4042 We can help.
Categories: RE/MAX, International, Top, 100, Team, worldwide, Ellis, Brett, Sande, Realtor, SWFL, Florida, Lee, County, homes, properties
Monday, March 06, 2006
This is a bonanza for the consumer, because now they will have one place to look for current listings, as well as past sold listing data, demographics, neighborhood information, community, and school information.
This extraordinary announcement helps in another way too. Many unsuspecting consumers would log on to various websites in hopes of obtaing information. What they didn't realize is these websites were collecting their data and then selling to the highest bidder. As a real estate agent, we can't begin to tell you all the offers we receive to purchase consumer data collected from these sites.
The shame of it all is the conusmer thinks they're being referred to the best agents around. Truth is, they were referred to the agent willing to pay the highest referral fee. Because the Best agents have business, they would always pass on the high referral fees. The consumer was left with newer agents or agents who could not attract much business on their own and would take any business at all just before starving. This didn't insure quality service, and in fact, left many consumers with a bad taste in their mouths.
RE/MAX has long been known for the Top agents in the business. By going directly to Remax.com, you'll be assured of getting a good agent, one who isn't the high bidder for your data. In fact, the data will never be sold. All data collected goes directly to agents in the field to help you. It is not sold to third parties. You also get to remain anonymous until you're ready to contact an agent. This keeps you as the consumer in control.
RE/MAX has a long history of moving the market, and this is one move the customer will surely love.
Of course you can view all listings in Lee County simply by visiting www.LeeCountyOnline.com All data provided stays with us, and is never sold. Let us know how we can help you.
Saturday, February 25, 2006
RE/MAX not only donminates North America, but also countries accross the globe, and with their significant dominance in the worldwide marketplace, it matters when they make major anouncements.
Each year at convention it is not uncommon for us to learn about major news events, and we'll be sure to pass them along. We'll post to this Blog, and our engineer has armed us with fancy equipment so we can report directly from the floor an interview powerful newsmakers as the news is announced,
Tune in in SWFL to AM 1240 Saturday at 11:00 AM and AM 1270 in Naples. For those outside of SWFL, our radio show is Podcast under Future of Real Estate-SWFL in Itunes, as well as the Podcast Directory.
Categories: RE/MAX, Convention, announcement, radio, show, Podcast, SWFL, homes, news, major, news, real, estate, company
Tuesday, February 21, 2006
2005 was a year where nothing could stop the shuttle. It was flying faster than the engineers said it could, and seemed unstoppable; until the oxygen sprung a leak. Suddenly, the shuttle was forced to return to earth as there wasn’t enough oxygen to sustain this altitude. Like all re-entries, it can be bumpy and chaotic. The 4th Quarter of 2005 wasn’t bumpy or chaotic. It was as if the world had stopped, and we were flying in slow motion. Speed and altitude dropped quickly. Once the shuttle emerged on radar, it didn’t fly like a loud and confident jet airplane. It felt more like a hot air balloon, drifting slowly, silent and quiet, awaiting word on its future course from the tower. The tower didn’t answer. The flight became choppy in the 1st Quarter of 2006 when everyone realized we were back to flying at earthly speeds and altitude. Sellers began to grasp the gravity of the situation, and made adjustments.
The final altitude has not been set. Once our market finds its optimal altitude, it will once again be in balance. Once our market reaches balance, it will again rise, fly at great speeds and take us all to new heights. No one can say for certain what the correct altitude for this market is, or exactly when we will reach it. One thing we can say with certainty is that the market is balancing itself right before our eyes, and quickly. We are starting to see activity pick up again, either from pent-up demand or price corrections, or both. Once the plane levels we believe we’ll be in for another long and smooth ride. This plane will never land.
Download the full State of the Market Report
Categories: State, of, the, Market, Report, transition, price, correction, swfl, Lee, County, Homes, real, estate, Florida
Monday, February 13, 2006
To be eligible you must have purchased the home by December 31, 2005 and use the home as your primamry residence. Lee County Florida has a Homestead Exemption Form you can download. Florida is very strict about the property being your primary residence, and they will prosecute you if you cheat. Lee County hires investigators who search for rental listings on the Internet, etc. They even invite the public to tell if they suspect a neighbor is cheating on the exemption, so you only want to fill out this form if you really qualify.
If you purchased in 2006, you'll have to wait until next year to file. If you purchased prior to 2005 and have not filed yet, you still can. If you qulaify, it's a wise decision to file. Do not wait as it can cost you much more than the $400/yr because you won't get the cap.
Florida has two bills pending in the legislature regarding Homestead Exemption Portability. We'll cover what these bills mean to you in a future post.
Categories: Florida, homestead, exemption, real, estate, property, taxes, SWFL, Lee, County, appraiser
Tuesday, February 07, 2006
Recently we did a news story for NBC-2. Find the story Here.
Soon we will be publishing our State of the Market Report. To receive a copy, simply call our office at 239-489-4042 and we'll mail you a copy. A few of the graphs from the State of the Market Report were used in the NBC story.
If you are buying or selling real estate in Lee County Florida, you'll definitely want to find out the latest on the market. The market is changing fast, and there will be winners and losers. 2005 was a year of all winners. 2006 will still have lots of winners, unfortunately there will be some losers as well.
Categories: 2006, transition, sellers, market, buyers, NBC-2, news, story, State, market, report, buying, selling, real, estate, winners, losers, Lee, County, Florida
Friday, February 03, 2006
When the Realtor closes out the sale in MLS, each MLS reports a sale up to FAR (Florida Association of Realtors). FAR compiles the data and releases a report and chart for the entire state. The report each MLS sends to FAR is raw data, a compilation of summary totals. There is currently no way for FAR to realize the duplicate reportings, so the end report contains inflated data.
This is important for a few reasons:
#1. Billions of dollars worth of decisions are made in the SWFL real estate market, and these numbers are one of the benchmarks builders, developers, investors, businesses, and the buying and selling public use to make decisions about building shopping centers, businesses, homes, communities, and what product mix and at what price points.
#2. Once the duplication problem is rectified, 2006 may appear to be a much worse market because it won't appear to stack up against 2005, even though 2005 was artificially higher than it really was.
#3. The general public reads that homes appreciated at a certain pace, so they believe their home is worth a certain amount. All real estate is local, so because the overall market was believed to be at a certain appreciation rate, it never was fair to expect every home appreciated at the exact same rate anyway. However, the entire market may have been accidently exagerated, so sellers shouldn't draw conclusions about today's market based upon inaccurate data.
If you're considering buying or selling in today's market, it pays to consult a professional. Making a mistake in today's market can cost you in untold ways. We'll discuss how in a later article posted on this Blog.
Categories: NBC-2, houses, statistics, Florida, listing, agent, MLS, buying, selling, real, estate, numbers, inflated
Thursday, February 02, 2006
Our show has been broadcast over the air and wordlwide on the Internet for over 3 years. Recently, we took it a step further and have Podcast the show. Simply go to iTunes and search their Podcast for Future of Real Estate- SW Florida or go to www.podcast.net and search for Future of Real Estate and you can subscribe to the show for free.
When you subscribe to a Podcast, your computer will automatically download new shows as soon as we post them, so you don't have to worry about a thing. You'll never miss the latest news, and you won't have to sit by the radio Saturday's at 11:00 to find out what's going on in Lee County Florida Real Estate. It's kind of like TIVO for the radio.
Try it, it's handy, and it's free.
Categories: Podcast, 1240, 1270, WINK, WNOG, Radio, show, Ellis, Team, weekly, Brett, real, estate, Lee, County, SWFL, Fort, Myers, Cape, Coral, Naples
Thursday, January 26, 2006
To view a chart of Florida Year End sales statistics, click here.
Wednesday, January 25, 2006
Fort Myers Geo Areas
Cape Coral Geo Areas
As you can see, inventory is rising quickly, and the market has swung from a Hot sellers market to a buyers market. The CMI index in October predicted the market would slow, and as you can see, Active listings have swelled while Pending sales have dropped.
We are seeing about a 5 to 1 ratio of new listings entering the market each day to number of homes that go pending, which has lead to a dramatic increase in inventory. How much will this build-up affect prices? Stay tuned and we'll post more Mini-updates on what is happening in SW Florida Real Estate.
Note, we selected certain geographic areas inside our MLS system for same sales comparisons. The Fort Myers and Cape Coral Geo areas do not encompass the Entire Lee County market, there are actually many more listings than what is shown here. We do feel, however, this is an accuratae representation of what is happening all over SW FLorida, regardless of which Geo area homes are located in.
To search for homes for sale, feel free to shop at www.LeeCountyonline.com