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Lee County is facing a shortage of an unusually type: foreclosure houses

By
Real Estate Agent with Century 21 Sunbelt Realty

 

Houses sold by banks and other distress sales accounted for 74 percent of the record 1,468 Realtor-assisted sales made in April in the county, according to statistics released Wednesday by the Florida Association of Realtors.

 

Fewer than 1,000 foreclosure houses remain among the 12,500 homes listed for sale.

 

Since the shortage began most properties are getting multiply offers.  Some properties come on the market in the morning and have gone pending by the afternoon.

 

April is the eighth consecutive month that sales activity of existing home sales increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR)