Wednesday, May 30, 2018

Sales jump in Estero, Fort Myers Beach

QUESTIONS? Ready to see some beautiful Fort Myers Beach homes in person?

Call me at 239-560-1574 or Email me at Terry@IslandLifeFMB.com

A view from the pier on Fort Myers Beach. COURTESY PHOTO
A view from the pier on Fort Myers Beach. COURTESY PHOTO
Closed sales and new pending sales in Lee County showed healthy increases in April.

Single family homes and townhouses and condos sat on the market for less time than in 2017. Broken down by city, Estero and Fort Myers Beach saw massive jumps in the number of homes sold. There were 79 closed sales in April compared to just 38 last year, which is an increase of nearly 108 percent. On Fort Myers Beach, 21 homes sold compared to 11 in April 2017, a 91 percent difference. Lehigh Acres, North Fort Myers, Pine Island and Sanibel/Captiva also had large increases in the number of closed sales last month.
Closed sales were up 23 percent for single family homes last month. In 2017, there were 1,186 closed sales, compared to 1,459 last month. A total of 627 townhouses and condos sold in April 2017, compared to 770 last month, an increase of 22.8 percent.

Active listings were up for both categories. There were 6,009 active single family home listings last month, up 5.1 percent from 5,719 in 2017. There were 3,545 active listings for townhouses and condos in April — a slight increase from 2017 when there were 3,495. The month’s supply of inventory increased 5.6 percent for single family but dropped 5.7 percent year-over-year for townhouses and condos.
 

The biggest increases when broken down by sale price came in the $250,000-$299,999, $300,000-$399,999, $600,000-$999,999 and $1,000,000-and-above price ranges. ¦

Tuesday, May 29, 2018

400 DONORA BLVD FORT MYERS BEACH, FL 33931

List Price:$889,000
MLS#:218011857

Gorgeous Gulf Access Boaters Dream Home located in the Shell Mound Park area with quick and easy access off island or by boat to the Gulf. A beautifully appointed 3 bedroom and 2 bath POOL home w/ gourmet kitchen & bar featuring, double ovens, stainless steel appliances, cook-top stove, granite counters. A huge master suite w/ walk-in closet & large walk-in shower with multiple shower heads. Open floor plan with tile throughout, surround sound, tons of storage. BRAND NEW 4 ton Rheem A/C just installed. Hurricane windows and pocket impact resistant siding doors that open to the pool. Resort style custom pool area with waterfall, private spa and pool with in-pool sitting area, and outdoor kitchen/bar & grill and a screened enclosure for great entertaining. Boat dock with 14,000lb capacity boat lift with canopy. Beautifully landscaped yard with sprinkler system, 2 car garage, paver circle driveway, and a great quiet cul de sac location only a few minutes walk to the beautiful white sandy beach of the Gulf of Mexico.

PROPERTY VIDEO























Sunday, May 27, 2018

Call me with any questions 239.560.1574

Inventory Keeping Spring Market Active

Contacts:  
Brenda Fioretti, NABOR® Media Relations Committee Chair, (239) 597-1666
Marcia Albert, NABOR® Director of Marketing, (239) 597-1666

Naples, Fla. (May 25, 2018) - According to the April 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), Collier County enjoys a 7.76 month supply of inventory compared to a 4-month supply nationally. This is great news for Naples REALTORS® as they transition from a very busy high season to what broker analysts believe will be a very strong summer.

"Summer buyers are going to be very happy this year because there will be plenty of choices," said Mike Hughes, Vice President and General Manager for Downing-Frye Realty, Inc. "Inventory growth has been good across all price ranges and geographic territories."
According to Cindy Carroll, SRA, with the real estate appraisal and consultancy firm Carroll & Carroll, Inc., the rate of inventory loss is declining and she predicts the Collier housing market will become even more stable before the end of the year. Carroll considers a 12-month supply of inventory a stable market for Collier County. Nationally, a stable market is reflected as having a 6-month supply of inventory.
 
Even though April's inventory fell 2 percent to 5,793 from 5,920 in April 2017, it's actually rebuilding from an annual low of 4,608 properties in inventory at the end of September 2017.
 
"The reality is, the real estate market is doing much better this year than in 2017," said Hughes, considering the 2018 statistics includes the period of time when Hurricane Irma stalled home sales activity for nearly six weeks starting in September (and as reflected in the 4Q 2017 Market Report).
 
Condominium inventory grew 2 percent in April to 3,003 units, over half the entire market, from 2,934 units in April 2017. The $300,000 and below price category experienced the highest increase in inventory (7 percent) to 1,472 units from 1,378 units in April 2017. Pending and closed sales of condominiums in this low-end price category were also strong, with a 17 and 14 percent increase, respectively. Interestingly, the median closed price of condominiums in April dropped 8 percent to $271,000 from $296,000 in April 2017.
 
"Sellers are pricing properties to sell and it shows," said Adam Vellano, West Coast Sales Manager, BEX Realty - Florida.
 
Carroll agreed and added, "The market for homes above $1 million is hot. If we can maintain current inventory trend levels - and I think we can - then sales of properties in this price point will be strong for at least a couple of years."
 
Overall closed sales increased 8 percent (month over month) in April to 978 properties from 902 properties in April 2017. And just like the first three months of the year, the high-end of the market continued to outpace other price categories tracked by NABOR® in April. As shown in the report, the number of closed sales of homes between $1 and $2 million increased 34 percent, while closed sales of homes over $2 million increased 15 percent in April.
 
"Closed sales of single-family homes in April were up 11 percent with an increase in every price category except the $300,000 and below range, where there are only 300 single-family homes on the market," said Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty.
 
The NABOR® April 2018 Market Report provides comparisons of single-family home and condominium sales (via the Southwest Florida MLS), price ranges, and geographic segmentation and includes an overall market summary. The NABOR® April 2018 sales statistics are presented in chart format, including these overall (single-family and condominium) findings: 
CATEGORIES
April 2017April 2018CHANGE
Total homes under contract (pending sales) (month/month)
1,075
1,126
+5%
Total closed sales (month/month)902978+8%
Median closed price (month/month)$355,000$365,000+3%
Median closed price >$300K (month/month)$525,000$525,0000%
Total active listings (inventory)5,9205,793-2%
Average days on market 9795-2%
Single-family closed sales (month/month)404450-11%
Single-family median closed price (month/month)$419,000$455,000+9%
Single-family inventory2,9862,790-7%
Condominium closed sales (month/month)498528+6%
Condominium median closed price (month/month)$296,000$271,000-8%
Condominium inventory2,9343,003+2%
 
Geographically, real estate activity was strong across the entire county, but closed sales of single-family homes in South Naples were most remarkable with a 51 percent increase to 62 closed sales in April 2018 from 41 in April 2017.
 
"North Naples was also a shining star in April," said Fioretti. "Even though inventory was down 8 percent in this geographic area, its year over year pending sales increased 9 percent, the highest of all geographic areas tracked. And its closed sales increased 13 percent year over year too."
 
April's month over month activity was even more impressive in the North Naples area, as reflected in a 26 percent increase in closed sales. Similarly, the median closed price of condominiums in North Naples dropped 14 percent in April to $258,000 from $300,000 in April 2017.
 
If you are looking to sell a home in Naples, contact a REALTOR® who has the experience and knowledge to provide an accurate market comparison so you can determine the right asking price. A REALTOR® can also ensure your next purchase in the Naples area is a success. Find out more at Naplesarea.com.

Thursday, May 17, 2018

Terry@IslandLifeFMB.com 239.560.1574 www.TerrySellsFMB.com

Eight Signs It's Time To Move Up

Eight Signs It's Time To Move Up
The starter home. It was so cute and quaint and sweet when you bought it, right? But, that was before kids and dogs and overnight quests and holiday dinners that require mathematician-level logistics to finding everyone a seat in a dining room that bursts at six people.
Let's face it: It's probably time to move up. Lack of space is the No. 1 reason people start looking for a larger home. Families expand, lifestyles change, and the sheer accumulation of stuff can make a small home feel even tighter. "More than a third of all homebuyers last year were families with kids," said Dave Ramsey. "And 37% of sellers age 36 and under cited cramped quarters as their reason for moving."
But running out of room not the only reason to consider moving up.
You've got the equity
You may have had to scrimp and save for the down payment on your first home, but, if your home has appreciated, you may be in a completely different financial position this time around. If you're the type who envisions paying off your home and being free and clear, moving up may not be on your mind. But, for the rest of us, having equity in our current home means greater buying power to buy something bigger or get into a neighborhood we covet.
You're at each other's throats
Feeling cramped and living in clutter and hating that you don't have a space of your own or even a minute to yourself? That can create stress and leave you feeling anxious and overwhelmed. And, it goes against the general principle of homeownership since your home is supposed to be your sanctuary! Having some extra room to spread out and yard for the kids and dogs to play in can make a real difference in the way your family functions.
Ask yourself if "your quality of life is suffering," said Unpakt. "This category can include many things: your ever-growing pack of dogs or cats who are driving you crazy. Your cascading piles of fabrics that you use for quilting, but just can't keep organized in your current space. The lack of a guest room means that when family visits, you're stuck on the couch. Whatever it might be, if your quality of life has taken a nosedive because your house is too small, well, the answer is pretty clear." 
The neighborhood is changing…and not for the better
One of the reasons you may want to start looking at a new house is because your neighborhood is starting to evolve. Maybe there are new restaurants and bars that have attracted a different crowd or plans for a huge mixed-use project that, while great for the economic potential in the area, could mean more traffic than you want in your quiet little town. Even something like a change in the flight patterns from the local airport can get you thinking about that next home.
Remodeling is price prohibitive
A good real estate agent should be able to give you an idea of what necessary (or wanted) renovations would cost to your existing home. It could be that the amount of work you would need to do on your home to get it where you want it - or get it into tip-top shape for a sale - is beyond what you want to spend. In that case, it might make better financial sense to make small improvements, put it up for sale, and put your money into a new home that better suits your needs.
You don't want to over-improve for the neighborhood
The other important factor to consider when deciding whether to move or improve your home is how the redone home would sit in your neighborhood. You don't want to run the risk of doing a bunch of expensive renovations only to have the home sit on the market because it's overdone and considered overpriced.
"Weighing against renovation is the risk you'll ‘over-improve' your home compared with others on the block," said Bankrate. "When you are in a neighborhood that has starter homes and smaller homes, adding a large addition or doing an extensive renovation may not yield the return one would expect."
Everyone else has moved on
So, your kids were young and bicycles and basketball nets lined the street when you first fell in love with your home. At the time, it was everything you were looking for. But now, so many of those families have moved on, and the lively street you loved has turned rather sleepy. If you're still holding on to the memories of what your neighborhood once was, maybe it's time to find one that better meets your lifestyle needs today.
You've crunched the numbers
Presumably, a move-up home is going to be more expensive. Beyond the equity you can use to make the purchase doable, you have to consider the monthly expenses, too. "It's not just the sticker price on the house; it's the long-term costs associated with it," said Realtor.com. "When you go up (in square footage), you get higher property taxes, higher utilities, and more maintenance." And acquiring more rooms means shelling out for more furniture, too.
You can make sure you can afford a move-up home without becoming "house poor" by "using online affordability calculators to figure out how far you can stretch your dollar.

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