Ending on a Good Note!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral Home for Sale, Cape Coral Lots for Sale, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Fort Myers News, Fort Myers Real Estate, Homes for Sale SWFL, Housing Market Update, Real Estate Investment, Real Estate Market, Real Estate News, Realtor, Sell Your Home Now, Selling a Home in SWFL, Selling your Home, SWFL Home Sales, SWFL Market News, SWFL News, SWFL Real Estate, SWFL Real Estate Advice, SWFL Rentals

2019 was a phenomenal year! With a total of 41 closed sales ranging from less than $10,000 for a few vacant land parcels to over a million for a beautiful gulf-access home, there was truly something for everyone. SW Florida is a great place to live and sell real estate as there is property at virtually all price points.

Thanks to all of my clients who referred me to others, or entrusted me with their own business, I achieved the RE/MAX Platinum Club level for the first time in my 15-year real estate career. It’s quite a milestone and an honor to achieve. I couldn’t have done it without you- my loyal friends and clients. Thank you!

I am looking forward to a productive 2020 reconnecting with repeat customers, and meeting new buyers and sellers searching for a real estate solutions provider. Let’s find your dream home here in sunny Southwest Florida!

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

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I’m always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

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Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com

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Cape Coral Makes the Top 10 Places to Invest in Florida!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Buying Tips, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Housing Market Update, Real Estate Investment, Real Estate Market, Real Estate News, SWFL Real Estate, SWFL Real Estate Investing

Florida Living

We’re always on the lookout for good articles to share with you and today we bring you an exciting one! Cape Coral made the Top Ten Places to Invest Real Estate in Florida List and this just confirms what we already knew – Cape Coral is Awesome!

Best Places to Invest in Real Estate in Florida

Florida Real EstateAh, Florida. The land of sand, snowbirds — and real estate speculation.

Ever since the 1920s, when the first real estate boom officially arrived at the doorstep of the Sunshine State, the idea that you too could own a sunny slice of Miami or Tampa has taken root within the American dream.

But, as with any investment, the risk of loss is real and timing is everything. Florida housing prices, which hit a peak in December 2006, are slowly recovering after the Great Recession nosedive — the state’s fall was among the harshest in the nation — but recently, the trend is positive, stoking renewed interest in real estate.

According to the S&P/Case-Shiller Index, considered one of the more reliable indicators of local real estate market trends, home prices in the Miami area have been on an uninterrupted march up since November 2011. Recently, in Lauderdale-by-the-Sea, a community just north of Fort Lauderdale, buyers camped out overnight for a chance to snap up new condos selling for $500,000 to $1 million.

Investors will find real estate prices vary widely across Florida. In NerdWallet’s study of 227 places, the cheapest average sale price was $37.36 per square foot in Kenneth City in Pinellas County. The most expensive was Key Biscayne at $546.77 per square foot, a difference of over $500.

So what area offers the best bang for your real estate investment buck? NerdWallet crunched the numbers to find out.

Real Estate InvestingKey takeaways
Flip this. If your goal is to get in and get out with a profit, here are the top three communities when it comes to speed of sale: Hialeah Gardens, Lauderdale-by-the-Sea and Atlantis. Hialeah Gardens earned the highest mark, a 9.55, in our study on this metric — Zillow’s 2014 market health score. The quicker a house sells, the higher the score, with 10 as the highest.
Beachfront bonus. The Miami-Fort Lauderdale metro area dominated our top 10 list — eight of our top 10 investments are located there.
Going long? Florida’s housing market seems to make the most sense overall for those looking to invest in the long-term. Most of our top 20 places have low scores when it comes to real estate market health, a sign of the continued impact of the Great Recession.

What we analyzed
Our calculations took into account several factors:

Market health. We looked at how quickly houses sold compared with other cities in the state, as well as the change in vacancy rate.
Price per square foot. Weighting for affordability, we measured the price per square foot of housing in a city, averaging all months of 2013 and 2014 to avoid seasonal fluctuations.
Population and home price growth. Averaging monthly price data since 2004, we examined the percentage of houses that increased in value over the past 10 years. We also looked at the increase in population since 2010.
Property taxes. Using state data, we calculated the city and county property tax for each city.

Cape Coral Housing Market

Cape Coral was #9 on this list! 🙂 

Best places to invest in real estate in Florida

1. Doral
Doral tops our list thanks to its relative affordability, low unemployment rate (4.4%, or over a full percentage point lower than the statewide rate) and strong population growth. This north-central Miami-Dade County city from 2010 to 2013 welcomed almost 6,000 new residents, a gain of more than 14%.

2. Bal Harbour
In tiny Bal Harbour, population 2,569, price could quickly become a factor — it’s the most expensive location in our top 20 with an average sales price of $340 per square foot. Still, there are plenty of buyers. On Zillow’s 0-10 scale for speed of sale, Bal Harbour scored a healthy 8.66.

3. Homestead
The watchword in Homestead is growth. More than half — 56% — of its homes have increased in value over the past 10 years, yet housing remains relatively affordable in this city of 61,714 residents. Sale prices over the past two years averaged just $79.42 per square foot, among the most affordable in our study.

4. Miami Lakes
Miami Lakes may not boast oceanfront property, but a full 57% of its housing stock has increased in value over the past 10 years, and vacancies have dropped 3.6%. That’s a good sign for investors who may have to pay a premium for this suburban location just north of Miami. Here, buyers paid an average of $152 per square foot for a house.

5. Marianna
Bargains abound in Marianna, home of our top 20’s lowest price-per-square-foot sale price of $61. It’s also clearly attracting new residents, with a 28% increase in the population from 2010 to 2013.

6. Hialeah Gardens
Hialeah Gardens, population 22,136, had the highest overall market health score in our survey at 9.55. This means buyers who are looking for a quick turnaround on their investment will find many options to flip housing in Hialeah Gardens.

7. Aventura
This diverse and growing community in northeastern Miami-Dade County is known for its high concentration of transplants from the Northeast, and its many high-rise condos. Buyers will find an average sales price of $227 per square foot and options for Intracoastal Waterway and Atlantic Ocean views. The city’s investment score also benefits from its 7.51% increase in population since 2010.

8. Pinecrest
This small suburban village in Miami-Dade County is the second-most expensive in our top 10, with the price of $269 per square foot. Its population has grown a modest 1.54% in recent years, and village leaders are thinking about expanding. A common discussion involves annexing land west of U.S. Highway 1 to help build out the small village’s tax base.

Cape Cora Homes on Canal9. Cape Coral
Cape Coral moves in many directions: It is the largest city in our top 10 at 158,415 residents, and it has an average sales price that is the third lowest in our top 10 at $96 per square foot. It’s the only city on our list located in Lee County, which is also home to Fort Myers. Cape Coral residents are thinking about development, which can have a major effect on real estate values. Recent news reports have focused on plans to develop Bimini Basin as a community gathering place — with some ideas calling for a mix of commercial and open space.

10. Winter Garden
The only place in our top 10 near Orlando, Winter Garden has a lot to offer those diving into the real estate market. Its vacancy rate declined while its population grew over 13%, suggesting strong demand for housing. Perhaps it’s the nearby Disney World effect, but Winter Garden enjoys a particularly strong job market, which supports a growing housing market. The unemployment rate in Winter Garden in December, the most-recent data available, was 3.8%. By comparison, the entire state of Florida was at 5.6% for the same month.

Click here to view original article.

I’m always happy to answer any questions and educate my clients on what options will benefit them most in the purchase of a new home, condo or lot in the area.  Please feel free to share this blog post with anyone you feel might be interested or find value in this information.

Bob Ashworth Remax Realtor SWFL

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

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Business Card 2014

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com

Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog Find us on Yelp Find us on Google+

Successful Future for Cape Coral, FL!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

Cape_Coral_Florida

Economic directors see great futures for Lee, Cape

Cape Coral FL map

Click to enlarge map.

The vision for Cape Coral in 2035 is not the same as it was in 1978. Instead of being a bedroom community, it is seen as a bustling city with a thriving economy and a huge corporate presence.

Dana Brunett and Rick Michael, economic directors of Cape Coral and Lee County, respectively, spoke to builders at the monthly Cape Coral Construction Industry Association (CCCIA) meeting Friday to give them their vision of what they expect the area to become in the coming years.

That means attracting businesses that generate real income, and they agreed that success in Lee County means success in Cape Coral and vice versa.

Brunett said the difference in from six years ago to now is night and day. The days of abandoned homes have become days where worldwide television audiences are seeing what the city has become.

“We’re back on the top 10 lists of best cities to live and work in. We’ve turned the corner,” Brunett said. “The best way to grow is to find out who does it best and do it better.”

Brunett anticipates tremendous growth along the Pine Island Road corridor, which is still in need of utilities and where Sam’s Club and a Wal-Mart neighborhood store will soon be coming, and near the VA hospital and the just-opened National Guard Armory to the north where there are 425 acres waiting to be developed.

“It’s exciting to see how things have changed in the last 2 1/2 years. We’ve gone from ‘I hope’ to ‘It is,'” Brunett said. “We’re looking to recruit businesses and create space for them.”

Michael’s view was the same as Brunett’s, only on a more regional and futuristic level. And he wants to leverage the resources of talent and skill.

By 2035, Lee County is expected to have 1.2 million people, nearly double what is has now, Michael said. That means 300,000 more vehicles and between 200,000 and 250,000 jobs.

Cape Coral is anticipated to have roughly 112,000 more jobs.

“We have 30 Publix in Lee County that employ 5,000 people. We expect 20 more by 2035,” Michael said. “We have 27 Wal-Marts in Lee County now. We expect another 21 to 23 in 20 years.”

However, minimum wage jobs aren’t exactly what either is looking for.

“We want levels in the $80,000 and $90,000 range; larger homes and more spendable income,” Michael said. “We want business to generate business air traffic and more flights out of Fort Myers International Airport.”

In the immediate future, Lee County has already secured Hertz. Michael said, and is seeking to have two more corporate relocations in the fall.

For the Cape, a five-minute video was made on the virtues of making the city a great place to work, live and play. Three businesses have made the move, Brunett said, allowing the video to pay for itself.

“The question I had is how this translates into what kind of transition we can expect in the Northwest Cape,” said Stephen Tate of Interface Financial Group, who lives in the sparsely populated area. “We don’t have the infrastructure up there, and yet it has the most space for businesses to come to.”

Former councilman and CCCIA member Marty McClain said the county has an edge on the city in luring businesses and that the city and Brunett have to decide what he wants in the city.

“Lee County has a few more tools to work with regarding impact fees and other incentives. I think Cape Coral is trying to work with that,” McClain said. “I think we’re going to look at the projects and prioritize what we want to bring in. Dana has done a great job here.”

Click here to view the original article.

Cape Coral living

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

Bob Ashworth

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

More Canadian Snowbirds in Florida

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Lee County Homes, Real Estate Market, Real Estate News, SWFL Home Sales, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

Florida Snow Birds

Bill would allow longer stay for Canadian snowbirds

A massive immigration bill being considered by the U.S. Senate has a rule change that could bring more Canadian snow-birds to Florida.

Canada Snow BirdsThe legislation includes a provision that would allow those aged 55 and older to obtain a Canadian Retiree Visa permitting them to stay as long as eight months in the United States. To qualify for the visa, they must own a second home, have a rental agreement or hotel reservation.

The measure would add about two months to the current six-month limit, allowing them to stay about 30 percent longer.

Real estate agents in the Sunshine State say the law would give the second-home market a boost, making real estate purchases more cost-effective for Canadians who balk at buying due to poor exchange rates and restrictions on how long they can stay in the country.

Snow Bird FloridaDenny Grimes of Fort Myers-based Royal Shell Real Estate says the law would give other sectors of the state’s economy a boost as well, from restaurants to resorts to construction.

However, snowbirds would need all but one of Canada’s provinces to loosen rules that require them to spend at least six months of the year at home in order to preserve their eligibility for national health insurance. Only Newfoundland and Labrador allow residents to keep their health coverage while spending eight months abroad.

Canadians also want U.S. tax laws changed so that they do not have to pay income taxes if they spend up to eight months in Florida.

Click here to view original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

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New Home Industry is Looking Up!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Homes for Sale SWFL, Job Growth, Jobs SWFL, Lee County Homes, New Home Construction, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, Realtor, Selling your Home, SWFL Home Sales, SWFL Home Selling Advice, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

new-home-construction

New home industry really coming back?

wink-logoFORT MYERS, FL–New numbers paint a dramatic picture for the home building industry. Local home builders say sales are better than they have been in years.

BeckyNordan recently built a brand new home in Cape Coral. Her realtor, Craig Young, says building new is now a big trend.

“Essentially we have a shortage of supply and people are looking for a new product,” said young.

SWFL New Home ConstructionThe numbers seem to back that up. For the first time in seven years, more home builders say sales are good, not poor.

“We are seeing very good traffic count in our model centers and people are buying homes,” said Jonathon Pentecost of DR Horton Homes.

DR Horton is just one builder who is doing extremely well in southwest Florida. Right now they have 371 homes under construction and that’s triple the number at the same time last year.

“We are seeing a lot of confidence from the buyers, we are seeing good sales numbers month over month and our homes are selling,” said Pentecost.

From January to May in Lee County there have been 347 single family home building permits issued. Last year during that time, the number was just under 200.

“We are still cautiously optimistic, but we are really happy about what we are seeing on the horizon right now,” said Heather Mazurkiewicz with Lee Building Industry Association.

Cape Coral New Home ConstructionWith all the construction comes new jobs. Stats say for every one home built, three jobs are created.

“That is a significant amount of jobs that the industry is creating right now,” said Mazurkiewicz.

“The current market right now that is really booming is $150,000-$250,000 on the off water pool homes,” said Young.

Nordan says building new actually saved her money.

“We thought it was a better bargain than some of the re-sales we looked at,” she said.

Some of the smaller home builders also said conditions have dramatically changed, but say if interest rates spike again, the recent success could come to an end. Click here to view original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

Review us on Yelp

Florida Market on Fire!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Real Estate Market, Real Estate News, Realtor, SWFL Home Sales, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

Market Growth SWFL

Forget ‘improving’ or ‘rebound’ – Fla. is ‘on fire’

WEST PALM BEACH, Fla. – Lesley Deutch, senior vice president at John Burns Real Estate Consulting, said the “Florida market is on fire” in her latest update on the state’s housing market.

Deutch says she traveled the state recently and visited more than 20 communities. While recovery reports differ between Florida cities and urban areas, she reports five major trends:

  1. Land prices. While the price of land continues to rise quickly statewide, Orlando feels the most pressure. Deutch says she saw some submarkets where “land and finished lot prices have now surpassed peak levels.” In Orlando, she sees developers buying raw land “just to gain a position and market share.”
  2. Home prices. Some communities, such as Orlando and Naples, are seeing 1- to 2-percent new-home price increases monthly, Deutch says. The hallmarks of a seller’s market have also returned, such as lotteries. She expects a 2013 price increase of at least 10 percent in many Florida markets. 
  3. 55-plus market. Deutch reports a 20- to 25-percent jump in potential buyers interested in active adult living, according to builders in Southwest Florida. She also notes a boost in customer traffic in second- and third-tier markets. 
  4. Foreign buyers. It’s more than Miami, Deutch says. While in Orlando, she visited a sales office that had three active buyers: One from Brazil, one from Germany and one from China. 
  5. Foreclosures. While the state has a notoriously long foreclosure process, Deutch says banks are slowly releasing foreclosures. But investors continue to buy new foreclosures shortly after they hit the market.

Fort Myers FL

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

 

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

Utilities Refunds to Cape Coral Residents!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Cape Coral News, SWFL Housing Update, SWFL Market News, SWFL News

Cape Cora Refunds

Cape Coral to dole out $19 million in refunds

News-PressAbout 54,000 accounts will receive an average of $350 for 1990’s utilities expansion costs.

Federal tax refunds won’t be the only rebate checks many Cape Coral residents receive this year.

Thousands of property owners in nine assessment areas will receive a piece of $19 million the city is giving back to those who had water, sewer and irrigation lines installed as part of the utilities expansion project in the 1990s. About 54,000 accounts will see some of the money. Many residents have multiple accounts.

Three of the largest assessment areas finished paying off their 18-year assessments last year. Now that the accounts are closed, the surpluses will be paid back to the properties’ current owners.

Cape Coral RefundThe refund amounts won’t be determined until City Council approves the payments, which is expected to happen in April. The rebates will range from less than $10 to several hundred dollars per account. Some property owners could see more than $1,000 after rebates from sewer, water and irrigation are totaled. They should all be issued by mid-June.

The surpluses are a result of different methods of financing and completing the utilities projects in the 1990s, city spokeswoman Connie Barron said. Specific details weren’t available Tuesday.

“The bottom line is, the projects ended up costing less than what property owners paid by the time everything was said and done,” Barron said.

In 2001, the city refunded about $5 million — averaging about $400 per property owner — after it experienced better payment and delinquency rates than it expected.

In that case, those with delinquent accounts had what they owed subtracted from their rebate. It’s not yet clear how delinquent accounts will be handled this time.

Councilman Marty McClain said he’s looking forward to doling out the money and moving onto the next phase of the project. Construction in the Southwest 6 and 7 areas is set to begin as early as this summer.

McClain also said the $19 million cash infusion could result in a small boost to the local economy.

“I don’t think it’s going to be something we’re going to be able to track, but do I think people will spend it? Yeah I do,” he said.

Others, like Lamar Hertzog, who lives in the rebate area west of Del Prado Boulevard and south of Hancock Bridge Parkway, said he won’t be splurging on anything fancy. The extra cash will help him pay his monthly expenses, Hertzog said.

“If they’re willing to pay out money that’s due to us, I’ll take it,” he said.

See the rebate amounts each section will be receiving below.

  • Green Water & Irrigation $238,000
  • Blue Irrigation $120,000
  • Diplomat Water $302,000
  • Santa Barbara Water $44,000
  • Trafalgar North Water $40,000
  • Orange Irrigation $3,300,000
  • Striped Green Wastewater $407,000
  • Green Wastewater $4,990,000
  • Orange Water & Wastewater $9,800,000

Refund

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Sincerely,
Bob Ashworth
Your Real Estate Solutions Provider

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Westin Cape Coral Resort Opens!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Lee County Homes, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

Westin Cape Coral Resort at Marina Village

I’m always on the lookout for what’s happening in Southwest Florida so I can share it with you. As a SWFL Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase or sale. Below is another article I want to share with you with some good news for our area! New growth always means new opportunities for employment and for local businesses!

Former marina hotel opens as new Westin Cape Coral Resort

The former Resort at Marina Village opened Thursday as the new Westin Cape Coral Resort – the first Westin property in Southwest Florida.

Over the past several months, the resort underwent a renovation that involved equipping the 263 rooms with Westin Heavenly Beds and Heavenly Shower heads, along with replacing materials, like vanities and mirrors.

Westin Cape Coral“All of the kind of brand-standard elements of the Westin brand,” David Milus, vice president of operations for Starwood, the company that owns and operates the Westin hotel chain, said. “The signature Westin elements.”

Operating supplies and equipment, from hair dryers, to soap and shampoo, have also been brought up to Westin’s standards and requirements.

“We did keep the resort open during the transition period,” he said.

According to Milus, there are currently 192 Westin Starwood properties located throughout the United States, with a number under development. In about 100 countries across the globe, Starwood has about 1,100 hotels.

The company owns 45 hotels in Florida, of which 11 are Westins.

He noted that Starwood has been looking at Southwest Florida.

“We are a growth company, and we are always looking for opportunities to expand our footprint,” Milus said. “This location (the Cape facility) made sense to us and was a part of Florida that we wanted to continue to grow in.”

Also as part of the renovation, the fitness center was redone and furnished with state-of-the-art equipment for light fitness, cardio and strength. Within the next year, the 4,000-foot spa will be turned into a Westin Heavenly Spa.

“It’s going to be a very upscale resort spa,” he said.

It will include everything from massages and facials, to a hydrotherapy room and relaxations rooms. Among the available options will be co-ed treatments.

“I think that will be something that will be very unique,” Milus said.

The resort will offer not just the physical signature elements, but also Westin’s service attributes. Staffers at the hotel have undergone Westin training classes and will continue to do so over the next several weeks.

“We’ve retained the majority of the staff that was here,” he said.

Future plans for the property include expanding the meeting space and building out the ballroom over the next two years. Milus explained that the main reason is to attract large meetings, conferences and conventions.

The transition from an independent hotel to a large hotel-branded company will have an impact locally. It will provide the resort with more comprehensive reservation and travel agent distribution systems, bringing in more people.

“It should drive benefits for the community at large,” he said, adding that the change will increase tax revenue for the area and employment.

“So, we’re excited about that,” Milus said.

Audie Lewis, with the city’s Economic Development Office, agreed.

“Obviously, the Westin name is going to bring international attention to it,” he said. “That’s an extremely well respected luxury hotel line.”

“We fully expect that we’ll immediately have occupancy changes and a clientele change as well, because I think it brings in a world-class difference in who’s showing up,” Lewis said.

With the new faces will come investment and development opportunities.

“We fully expect the Westin name to really help us, to bump us up toward more of that side of Cape Coral being more like Naples and its attractions,” he said.

Click here to view original article.

Westin Cape Coral Resort at Marina Village Main Pool

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

Florida’s Housing Market Growing Stronger!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Buying a Condo, Buying a Home, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Real Estate, Fort Myers Real Estate, Homes for Sale SWFL, Real Estate Market, Real Estate News, SWFL Market News, SWFL News, SWFL Real Estate

SWFL Real Estate Trends

Top economists: Fla.’s housing market growing stronger, U.S. on same trend

ORLANDO, Fla. – Florida’s residential real estate market will continue its upward trend into 2013, though the pace of recovery may be slower than the U.S. as a whole, according to leading U.S. economists speaking today at Florida Realtors® 2013 Real Estate and Economic Forecast Conference in Orlando.

2013 Florida Housing Market“Florida’s housing market is back, with great possibilities for the future – but those possibilities are only beginning to be realized,” said Dr. John Tuccillo, chief economist for Florida Realtors.

Along with Tuccillo, conference speakers included Doug Duncan, senior vice president and chief economist for Fannie Mae; Leslie Appleton-Young, vice president and chief economist for the California Association of Realtors (CAR); and Pat Reass, a state-certified residential real estate appraiser at Appraisal Group MidFlorida LLC in Winter Haven.

Fannie Mae Chief Economist Doug Duncan said, “We believe the housing market is on firm footing. … Most of the improvement we’ve seen has come from the supply side of housing. Distressed properties are coming down from about 5 million to more like 3 million.”

Mortgage rates should remain low and not change much in 2013, he added, while banks likely will continue to maintain high lending standards and a tight credit environment.

Housing Market Florida“The trend has been established for the housing recovery, but robust growth awaits more jobs and a stronger economy,” Duncan said. “Three years into the recovery, the current economic expansion is the weakest since World War II. Just over half of the jobs lost in the Great Recession have been recovered.”

The real estate market “bottomed out in late 2008,” Tuccillo said, according to Florida Realtors’ market data, data from the National Association of Realtors (NAR) and other market research sources.

“Since the beginning of 2009, we’ve clearly seen a regrouping and a recovery underway,” he said.

Median sales prices are consistently rising for both existing single-family homes and condo-townhome units across Florida. However, he noted the state’s active distressed property (foreclosures and short sales) market is putting pressure on prices, resulting in smaller gains and a slower rate than what is being seen in California and the U.S. as a whole.

Real Estate TrendsOther signs of Florida’s steadily improving residential market, according to Tuccillo: 

  • Months’ supply of single-family homes is below 6 months
  • Latest data (October 2012) shows 44 percent of closed sales were paid in cash, signifying strong demand from investors
  • Foreign buyers make up 19 percent of closed sales in Florida (October 2012)
  • Traditional (non-distressed) sales now make up over 50 percent of Florida’s closed sales
  • Closed sales include fewer REOs (real estate-owned) and more short sales
  • Shadow inventory has been declining since 2009, though it remains a key factor in the state’s housing market going forward since Florida is a judicial foreclosure state (meaning foreclosures go through a court process)

Comparing Florida’s residential market to California’s and to the U.S. as a whole, CAR Chief Economist Leslie Appleton-Young agreed that the nationwide housing market is back.

“The latest NAR data shows very strong closed sales and rising prices,” she said. “Low inventory is currently a challenge for the nation, for California and also for Florida in many areas. There’s just not enough property for sale, particularly with investors buying properties for cash (29 percent of the market in California; 25 percent of the U.S. market). For California, we’re calling 2012 the return of the traditional seller to the marketplace – in October 2012, 63.4 percent of our total sales were from equity or traditional sales.”

In California, the current months’ supply of existing single-family homes is 3.1 months, Appleton-Young noted. While the state is still dealing with lender issues such as tight credit, problems are being resolved at a faster pace, she said, and home prices are rising as a result.

Looking ahead to 2013, Appleton-Young said, “There is a tremendous amount of pent-up demand for housing. The number of new units is improving, but it’s still low and isn’t enough to meet pent-up demand. The housing recovery is gaining strength, but the long-term viability of the market and its recovery depends on jobs.”

Rising Market SWFLWhere will Florida be in 2013? Assuming that the national fiscal problems are not resolved but are “postponed,” Tuccillo said he expects employment in the state to grow by 10 percent in 2013; residential sales to increase by 10 percent; prices (same sales index) to rise by 5 percent; commercial activity to revive; and inventory to grow as the market improves.

“I think the improvement in the market and rising prices will bring more potential sellers back into the market,” he said. “Signs point to a better year in 2013.”

Click here to read original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

SWFL Real Estate

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp

Cape Coral Gets Employment Boost!

Posted in Bob Ashworth, Bob Ashworth Realtor, Business Growth, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, Fort Myers Real Estate, Job Growth, Jobs SWFL, Lee County Homes, Real Estate Advice, Real Estate Investment, Real Estate News, SWFL Home Sales, SWFL Market News, SWFL News, SWFL Real Estate

Downtown, Fort Myers, Florida, USA,

Where The Jobs Will (And Won’t) Be In 2013

Though Florida is still recovering from the subprime mortgage crisis of 2008 and the state unemployment rate sits at 8.5%, almost a point higher than the national rate of 7.7%, some pockets of the state are experiencing strong job growth. In fact employers in the Cape Coral-Fort Myers area are projecting a net job increase of 23%, the highest in the nation, according to the latest employment outlook survey by the giant employment services firm, Manpower Group. One other Florida metropolitan area, Lakeland-Winter Haven, also landed in the top 15 cities for job growth, according to Manpower.

surveyTo gauge companies’ hiring plans, Manpower surveyed more than 18,000 employers in 100 metro areas. It used a research firm that questioned hiring managers and human resource professionals by phone and email. Over the first two weeks in October, the firm asked four questions about companies’ plans for the first quarter of 2013: do you plan to add to your staff, do you plan to reduce your staff, keep your staff at the same level, or are you unsure. Then Manpower crunched the numbers and came up with a “net employment outlook.” The survey is by definition a rough measure, since it doesn’t count the number of jobs employers plan to add or subtract, but simply asks whether they plan to hire or fire.

 Nationwide, 17% of employers said they expected to add to their workforces next quarter, while 8% forecast a decrease. Seventy-two percent expected no change while 3% were undecided. That results in a net employment outlook of 9%, but when seasonally adjusted, the number climbs to 12%, the best first-quarter showing in Manpower’s survey since 2008, and significantly stronger than the weakest in the history of the survey, 4% in the first quarter of 2010.

Cape Coral NewsIn Cape Coral, employment has gotten a boost from the recovering housing market and the fact that the city has a low density rate, at 45%, so there is plenty of room to grow. As home construction has revived, property values have climbed, going up 18%-20% since the trough, says Cape Coral Chamber of Commerce President Mike Quaintance. Housing growth has also fueled growth in restaurants and retail chains, including 7-11, Dollar Stores and Dollar Tree. Cape Coral is getting a new Wal-Mart and a Sam’s Club store. Jobs at those budget retailers don’t tend to pay well, concedes Quaintance. But the housing recovery is also funding better-paying construction-related jobs and home-based businesses like landscaping.

In neighboring Fort Myers, Chamber of Commerce Executive Director Colleen DePasquale says job growth may in part be seasonal, because the population always swells in the winter months, and two baseball teams, the Twins and the Red Sox, go to Fort Myers for spring training. At the same time, clothing chain Chico’s is based in Fort Myers and doing well, and the city just opened a new waterfront development, with plans for a hotel and other businesses.

business growthSecond on Manpower’s list after Cape Coral-Fort Myers: two Arizona metro areas in a tie, Phoenix Mesa-Scottsdale, and Tucson, with a net employment outlook of 20%. Frank Armendariz, a regional director in Mapower’s Phoenix office, says he’s seen an increase in hiring at call centers, in the solar power business and across the board in professional services. Next on the list: San Francisco-Oakland-Fremont with a net hiring outlook of 19%. That’s a turnaround for the Bay Area. A year ago, for the first quarter of 2012, it had a net hiring outlook of -2%. Next on the list: Salt Lake City, with a net hiring outlook of 18%. After that come two spots in Texas: Austin-Round Rock, and El Paso, both with a net hiring outlook of 25%.

At the other end of the spectrum, St. Louis has the worst employment outlook in the country at -5%. The next-worse is Portland, Me., at -2%, followed by Wichita, at -1%. Just a year ago, Wichita was one of the best cities for jobs, with a net hiring outlook of 12%. Spokane ranks fourth-worst, with a net hiring outlook of 0. That’s an improvement from the first quarter of 2012, when Spokane tied with two other cities as the worst place for jobs, with a net hiring outlook of -4%.Three cities are tied for fifth-worse, Jacksonville, Fla., New York City and Jacksonville, Fla. at 1% net employment outlook.

Melanie Holmes, a vice president at Manpower, explains that the net employment outlook tends to track the unemployment numbers put out by the Bureau of Labor Statistics, though the surveys count employment in different ways. While the BLS numbers look back in time, the Manpower numbers are based on employers’ plans for the future. Like the nationwide unemployment rate, which has inched steadily downward from 8.6% last November to 7.7% this November (there was a blip in April when the rate fell to 8.1%,then inched up to 8.3% in August before falling again), the Manpower employment outlook numbers have been steadily climbing. “The improvements have been very slow but steady,” says Holmes. “It’s neither fabulous nor horrible, but it’s slowly improving.”

Click here to view original article.

As a Southwest Florida Real Estate Agent it’s my job to educate my clients and help them get exactly what they want and make sure their best interest are being considered in every detail of the purchase. This blog is all about educating you and empowering you with all the industry news, information, tips and things to consider before buying or selling your home. If you found this article interesting and know someone else that might benefit from it please feel free to share!

We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for SaleMoving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.

Like me on Facebook    Follow me on Twitter    View my profile on LinkedIn    Visit my blog

Bob Ashworth Remax Realty Team

Bob Ashworth
Realtor, CBR, CDPE
Your Real Estate Solutions Provider
239-425-2503
2326 Del Prado Blvd. S.
Cape Coral, FL 33990
Bob.Ashworth@gmail.com
www.BobAshworth.com
Like us on Facebook Follow us on Twitter View our profile on LinkedIn Visit our blog  Find us on Yelp