Snowbird season has arrived here in SW Florida’s Gulf Coast. Realtors, service vendors and all local establishments are gearing up for whats suppose to be one of the most exciting seasons in years.
Real estate is at an all time low for pricing, however it has stabilized and fewer foreclosures are hitting the market according to the lee county court system. With this said, inventory is dropping, and when inventory drops, prices raise.
Many investors have bought properties because of the positive cash flow that they finally can get. Rentals are a big item now and investors see this. I have investors buying property site unseen.
Remember in 2005 when prices were appreciating over night and everyone was saying, “this is not going to last forever”, they were right. Now in 2010 we are saying the same thing with prices so low “this is not going to last forever”.
If you were ever thinking of purchasing a property in Southwest Florida, now is the time to seriously consider doing so soon.
My name is Tony Vadala, and I am a SW Florida Realtor for Gulf Coast Realty Services LLC located in FT Myers.
I can be reached 24/7 on my direct line (239)898-2120 for all your real estate questions or concerns.
Feel free to browse my website at http://www.sellcapecoralflorida.com