fort myers real estate: What is a "normal" real estate market for Cape Coral, Florida? - 11/19/09 09:59 AM
A "Normal Market."  It's hard to define.
When Linda and I arrived here in Cape Coral in 2002, we didn't know what to expect.  We got our real estate licenses and went to work.  Having never been Realtors before, it was simply "nose to the grindstone" and try to develop relationships.  Help ANYONE who needs it, no matter their price range. 
We needed to build our business.  That's how you do it.  Hit the streets and work.
We got past that 1st sale, and were encouraged.  Early in our careers, we had some deals fall through, some buyers "cheated" on us … (0 comments)

fort myers real estate: Cape Coral Inventory Lingers . . . November 4th, 2009 - 11/04/09 10:30 AM
This article is courtesy of By MCKENZIE CASSIDY, mcassidy@breezenewspapers.com
Cape Coral home sales are undoubtedly on the rise, yet experts point out that the inventory of empty residences isn't dwindling as quickly as some would expect.
According to a report from Florida Realtors and the University of Florida Bergstrom Center for Real Estate Studies, September home sales in the Fort Myers-Cape Coral metropolitan area increased by 77 percent when compared to September 2008.
The median home price for Cape Coral homes in September 2009 was $89,700 and a total of 1,321 homes were sold.
And although this is a sign that … (0 comments)

fort myers real estate: Southeast Cape Coral: Current Gulf Access Waterfront Home Analysis! - 10/20/09 11:52 AM
This is my second installment -- and this time we're doing SE Cape Coral Gulf Access Waterfront Homes.
Criteria Used:  1500 to 10,000 sq ft Living Area.  No "year built" specified.  3-5 Bedroom, 2-4 Bath, 2-3 Car Garages.
We'll start with an analysis of the ACTIVE listings (Homes still available) and we'll break down each category, starting with TOTAL numbers, then individually with Direct Sales, Bank-Owned, and Short Sales.
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Total ACTIVE Listings: 187
Median List Price: $475,634
Median Square Footage: 2173
Median Price-per-sq ft: $212.00
Median Days On Market/Cumulative Days On Market:  155/219  (This takes into account past listings on … (0 comments)

fort myers real estate: Southwest Cape Coral: Latest Gulf Access Waterfront Home Sale Analysis! - 10/19/09 04:06 PM
A gentleman (I'm making assumptions here, but he seems like a decent guy) contacted me recently after having read my blog.  He mentioned that I haven't gone over Gulf Access Waterfront homes in my analysis yet - and he was right!
So (we'll just call him Jay) Jay, here it is.  Hope it provides some insight into the marketplace.  It did for me, because it's quite different than other types of property.
First, it's important to realize there are multi-million dollar homes involved here - not bunches of them, but they are included, and can tweak the numbers a bit.  However, … (0 comments)

fort myers real estate: What's With The "I'll sell your home or buy it for CASH!" Pitch? - 10/13/09 09:44 AM
It sounds so great, doesn't it? It's a pitch I've been hearing on the radio recently -- AND a long time ago.
Well, there is VERY little risk to the agent pitching the deal . . . in fact, a local agent who is proposing this method of selling homes has, to the best of my ability to search, never had to buy a home from anyone because it did not sell.  
Why?
Well, the key is in the wording. "I'll sell your home at a price and timeframe we can agree upon, or I'll buy it for CASH!"  
… (4 comments)

fort myers real estate: Cape Coral, Florida Real Estate Market Update: September, 2009 - 09/28/09 11:25 AM
Here we go again!  I've decided to run the most recent numbers in Cape Coral, Florida -- since it was the NUMBER ONE spot in the nation for foreclosures over the past years, it makes sense to see where we are today.
Homes included are SINGLE FAMILY, BUILT BETWEEN 2000 AND 2009, OVER 1200 SQ FT, OFFWATER.
 
CURRENTLY ACTIVE (AVAILABLE) HOMES:  244
Direct Sales: (No REO/Short Sales) 50  **  Avg Days On Market: 39 ** Avg List Price: $90,334
Short Sales:                               120  ** Avg Days On Market: 104 ** Avg List Price: $84,934
REO/Bank-Owned Sales:               74  ** Avg Days On Market: … (0 comments)

fort myers real estate: Pricing Your Home -- Don't be "Behind The Curve." - 09/02/09 12:00 PM
As much as sellers don't want to believe the foreclosures affect their value, the fact is they do.  However, this blog doesn't only speak to competing foreclosures, but to any falling market.
Sure, as a seller who occupies the home, you keep it nicer than most (maybe all) of the foreclosure properties.  You mow the lawn, keep it trimmed, clean the house, touch up the paint, and you might even have nice scented candles, giving the home a nice aroma.
And all of this helps -- once you get a buyer to show up.  Don't get me wrong.  Of course presentation … (0 comments)

fort myers real estate: Stay Off The Bus! (If you want a shot at that home . . . ) - 09/01/09 03:14 PM
Boy, I guess it can sound pretty enticing.
"Come with us on a FORECLOSURE TOUR!  See dozens of homes available NOW at bargain basement prices!!"
But is that really smart?  The answer, in my humble opinion, is a resounding "No!"
Okay, when you go fishing, IF you go fishing, do you like to drop your line in the water with 50 people right next to you fishing?  I mean, if one spot is as good as the other, why on earth would you want all that competition?
The answer is, you wouldn't.
I never really understood the bus tours.  All it … (0 comments)

fort myers real estate: Cape Coral, Florida -- The Next Wave Of Foreclosures? Not Really . . . - 09/01/09 10:54 AM
Okay, I can't tell you how many times I've heard the old "Oh, boy ... there's another wave of foreclosures coming Cape Coral's way, so don't worry about the inventory levels now -- that's gonna change!"Really?Let's analyze this real quick. I don't believe it for a minute, and I'll tell you why.First of all, they've been saying it for a year. But we all know that the homes that were on the foreclosure market were initially priced too high, and were stagnating! As prices dropped and dropped and dropped, we finally hit a point where investors and homebuyers could no longer … (2 comments)

 
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Eric and Linda Shelman

Cape Coral, FL

More about me…

Eric A. Shelman - Select Realty Associates, Inc.

Address: 621 Cape Coral Pkwy E, Suite 7, Cape Coral, FL, 33904

Office Phone: (239) 410-2737

Cell Phone: (239) 410-2737

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I write about anything and everything to do with Real Estate in Cape Coral, Fort Myers, Lehigh Acres, North Fort Myers, Estero, and Bonita Springs. Check me out and learn some stuff!


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