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Some Observations from the Southwest Florida marketplace!

By
Real Estate Agent with Realty World Florida

I would like to take a moment to recognized some observations of statistics!

These are numbers taken from the local MLS systems in Southwest Florida for closed & pending sales data and showing data from our local Coldwell Banker offices.

Pending sales are up from 2244 in January to 3181 in February (42%) increase! Pendings are up from 2486 in February 2007 (28%)!

Sold properties as reported through the MLS systems are up from 1142 in January to 1410 in February (23%) increase!  This increase is up from 1259 in February of 2007 (12%) .

Internal showings are up from 2066 last February to 5074 this February which represents a 145% increase in activity!

While in reality the window will be open for some time; buyer's ought not to procrastinate to long as sellers are very motivated to make a "deal". There are lot's of homes that are priced at "ENERGY" level pricing; case in point my last transaction received 2 competing offers.

Long term interest rates are likely to rise as we move forward into 2008 and beyond. Home prices quite probably will level off soon and may not decline enough to make up the difference of cost for higher interest rates.

With the amount of inventory still available; you can find that home made of Gold but being offered at the price of silver. Make your move before it's too late!

There are many signs that the market around us is improving. There is clear evidence that Coldwell Banker is outperforming the market; so when you need results, Call

Owen Zweiback PA, GRI, Realtor, E-Pro

Coldwell Banker Residential Real Estate

23421 Walden Center Drive

Bonita Springs, Florida 34134]

239-269-3077 Cell

800-547-3019 Toll Free Office

www.floridamoves.com/owen.zweiback   www.coldwellbanker.com/for/owen.zweiback

Comments (2)

Robert Arnold
Brooks Prime Properties - Huntsville, TX
Lake Livingston Real Estate

Yeah but people listen to the media and well the media puts fear into the buyers

Mar 14, 2008 12:40 PM
Owen Zweiback
Realty World Florida - Bonita Springs, FL

We just have to stay out in front of our local media.

Send letters to editors, write blogs and provide information to as many people as we can with hard data in black and white.

It's tough fighting the media but if we all do it and stay out in front of it daily. We can do good work too.

Mar 14, 2008 01:06 PM