fort myers real estate: Residential Market Watch: Chance to buy newer home at low cost fading - 09/02/08 10:16 AM
By Michael Polly
Tropical Storm Fay has come and gone, but the rain it dumped on Lee County lingers. The ground is saturated and some streets are flooded. As much as we needed the rain, we are anxious for the way things used to be, like being able to walk to … (0 comments)
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fort myers real estate: Differing opinions create confusion - Lee County Home Condo Sales - 10/22/07 08:45 PM
Third-quarter data indicates market direction
What word best describes your feelings about our residential market? Would it be depressed, confused, excited, frustrated, optimistic or pessimistic? You may have experienced most, if not all, of these feelings depending on who you listen to or what your favorite media source is dishing out on … (0 comments)
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fort myers real estate: Prices will fall before they rise in most segements - 07/11/07 09:24 PM
From our most recent market data this is the most recent News-Press article posted:
Inventory, foreclosures force market down.
Whoever said that honesty is the best policy never had his wife ask him if her new dress made her look fat. Talk about a no-win situation. First of all, guys, she already knows … (4 comments)
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fort myers real estate: Weekly Market Activity Report W/E 06/17/2007 - 06/18/07 09:27 PM
Denny Grimes and Company Market Update W/E 06/17/2007
Sales continue to be well below the levels set last year for the same time period. During the first few weeks of June 237 homes have gone under contract of those, 76% have been in the under $300,000 price range and 90% under the … (2 comments)
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fort myers real estate: Where do we go from here? - 06/17/07 09:38 PM
I am sure we will dwell on this issue from time to time for a few years to come. Where do we go from here?
Inventory is softening for the summer which is our usual trend. Sales are in the mid 500's for the past month which puts us at or just … (1 comments)
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fort myers real estate: Only most committed seller succeeds in today's market - 06/17/07 06:11 PM
Market value probably below what you thinkCan you picture an interior decorator driving a monster truck, an obese Navy Seal or a professional bull rider ordering a Shirley Temple? Some things just don't fit. Sellers trying to sell in today's market don't fit either. The key word is "trying."How many people … (1 comments)
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fort myers real estate: Cypress Landing Townhome - 06/12/07 05:21 AM
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fort myers real estate: Fort Myers Beach Taste of the Town - 05/22/07 08:14 PM
One of my favorite weekends is the taste of the beach. This year it falls on June 3rd and is usually a great weekend to hang out on one of our greatest natural assets. Estero island, aka Fort Myers Beach, the 7 mile long stretch of sand that borders our west … (2 comments)
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fort myers real estate: Fence sitters, wake up! Some markets have bottomed - 05/22/07 07:54 PM
One of the most-asked questions in town, other than how Paris Hilton will look in stripes, would have to be "Is our market improving?" It's a fair question, but I have a feeling that many people expect our downturn to be over as quickly as one of our summer thunderstorms. Our … (2 comments)
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fort myers real estate: Road Signs Vary on Road to Recovery - 05/06/07 03:06 PM
Remember studying the bell-shaped curve in high school? Simply put, that was the curve that conveyed the concept of the normal distribution of things. I'm not a brain, so don't worry about me getting algebraic with you. However, the teacher who taught me this concept 30-plus years ago deserves a pat … (0 comments)
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fort myers real estate: Know when to hold em' and know when to fold em' - 04/22/07 08:53 PM
Remember the ABC television show The Wide World of Sports? Their classic introduction to the show was the line "the thrill of victory and the agony of defeat." Now we live in a day where one of the fastest growing "sports" is a card game called Texas Hold'em. Maybe it's me, … (4 comments)
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fort myers real estate: Lee County Condo Market Recovery and Healing Takes Time - 04/12/07 09:00 AM
Getting mail as a kid was always fun, especially the cards from relatives that you hardly remember, but look forward to hearing from on your birthday and at Christmas. There would be that nanosecond pause, just before you ripped the card open, as you imagined how much loot was on the … (0 comments)
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fort myers real estate: New Home Sales and Buyers Agency - 03/26/07 09:18 PM
According to the Commerce Department who reported Monday that sales of single-family homes dropped 3.9 percent last month to a seasonally adjusted annual rate of 848,000 units, the slowest pace in nearly seven years. The decline followed a 15.8 percent plunge in January, the biggest one-month decline in 13 years.
The … (0 comments)
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fort myers real estate: Lee County Florida Snow Bird Season? - 03/16/07 09:33 AM
We over half way through our "season", the time of year when all businesses expect to flourish with a rush of flocking customers escaping the winter weather up north. For Home and Condo sales these are important metrics on how the year will go. So far we are pleased that levels have maintained a steady pace.
It looks like we slipped … (0 comments)
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fort myers real estate: Cape Coral Homes Sales and Inventory Update - 03/14/07 06:13 AM
There are 5178 homes for sale and of these 51% sit at the original asking price. 49% have been reduced in price by an average of $45,000 or just under 12% from the original listing price. Since many homes are relisted now several times before they sell this may be a … (0 comments)
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fort myers real estate: Waterfront Gulf Access Homes - 02/26/07 09:21 PM
It seems that as the Lee County real estate market hunts for support some areas are getting closer. Waterfront gulf access homes in particular are looking very attractive. It is important to quantify waterefront homes and know things like idle time to open water, mean low tide depth, canal width, etc. … (0 comments)
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fort myers real estate: Fort Myers Beach - 02/12/07 07:27 PM
Demand and inventory have had an inverse relationship in all areas of the county. Fort Myers Beach is no exception. I have a house on Fort Myers Beach that we split time between there and our home off McGregor Blvd. What I see is that the price levels on some of … (0 comments)
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