SWFL Housing Market Sizzles!

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

SWFL Sold Sign

Sizzling Southwest Florida housing market is about to get hotter

logo-NAPL-27698The housing market in Southwest Florida has been red-hot for the past three years. Now it’s about to get blistering.

That’s the conclusion of a new second-quarter survey by Local Market Monitor that predicts the Naples-Marco Island area will have the highest cumulative gain in one-to-four family home prices — 41 percent — over the next three years of any of the 20 Florida metropolitan statistical areas it tracks.

And it’s up considerably from the 29 percent three-year projection the 25-year-old Cary, N.C.-based real estate research firm made in the second quarter of 2014.

“That’s a big increase,” said Ingo Winzer, president and founder of the firm, which tracks 315 markets nationwide. “You’re looking at a real phenomenon.”

He forecast the giant gain after looking at recent data pointing to a growth in jobs, a shortage of both new and resale homes, and the relatively small number of foreclosed homes on the market.

“There’s been a surge in demand of people who aren’t just visiting but want to live full-time in Naples,” he said. “I think it will continue.”

Naples real estate agent Ryan Schwartz shares that opinion. Because many buyers are older, affluent and paying cash, he said, “no one is getting appraisals, and that’s pushing up prices dramatically fast.”

Winzer added that cash buyers are not likely to be inhibited over the next few years by the headwinds that many economists expect over the next few years, such as rising interest rates or a downturn in the stock market.

But that’s less likely to be the case in Cape Coral-Fort Myers where there are fewer cash buyers, Winzer said, which is one reason why he expects price growth there to slow a bit.

He expects Cape Coral-Fort Myers prices to increase 25 percent over the next three years, ranking it sixth in the state. While still a sizable gain, that’s less than the 31 percent three-year projection he made in the second quarter of 2014.

While he doesn’t think either market is in bubble territory right now, both could be soon if they pass what he calls the “equilibrium point,” when it is neither over- nor under-valued.

Right now, he calculates that number at $356,543 for Naples-Marco Island. In the second quarter of this year, actual home prices in the area (taken from federal data) were $337,050, or 5 percent below that, he said. Winzer expects prices in the second quarter of 2016 to be up 17 percent over the current quarter in the Naples area, which will make it overpriced next year.

Meanwhile, Cape Coral-Fort Myer’s home prices are now $204,750, or 18 percent below the equilibrium price of $249,729. Winzer expects prices to rise 8 percent in 2016, another 8 percent in 2017, and 9 percent in 2018. So the metro area won’t pass the equilibrium point for another three years, he said.

Jason Jakus, president of the Realtor Association of Greater Fort Myers and the Beaches, said that while Cape Coral-Fort Myers was once hard-hit by the foreclosure crisis, “the hardest hit areas are rebounding the fastest.”

Most desired are the relatively affordable waterfront properties in Southeast and Southwest Cape Coral, as well as downtown Fort Myers, he said, and saw the strongest price growth.

In contrast, the beachfront areas in Naples — which tend to run into the millions, saw the lowest price growth over the 12 months ending in April, according to the Naples Area Board of Realtors. The highest price increases for the period were in south Naples, where many new midrange communities are being built.

Local Market Monitor’s report also noted that with average rents of $1,185, the rent-to-price ratio in Naples-Marco Island was 4.2 percent, the lowest in Florida. Cape Coral-Fort Myers’ rents were lower at $984, giving it a rent-to-price ratio of 5.8 percent, the seventh lowest in the state.

Winzer said that when a rent-to-buy ratio was below 5 percent, it generally makes more financial sense to rent than to buy; conversely, when it’s higher, buying is a better choice. So generally, renting is the currently the smarter choice in Collier County and buying in Lee County.

That’s what Chicago residents Joanna and Thomas Wala figured when they recently bought a three-bedroom home with a blue door and a yard full of mango trees in Bonita Springs.

They plan to use it occasionally for vacations, and eventually to make it their retirement place in the sun — even though they are both still in their 40s and not at all ready to retire.

In the meantime, they are covering their expenses and even making a small profit by renting it out seasonally.

“Moving here now was out of the question,” said Joanna, an accountant. “But I did the calculations, and buying just made so much sense. We have something that’s worth something, and its value is growing.”

Click here to view original article.

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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, connect with us on Google+, 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 us on Facebook   Follow us on Twitter  View our profile on LinkedIn  Visit our blog  Find us on Yelp   Find us on Google+

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

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Getting the Most Money for your Home!

Posted in Bob Ashworth, Bob Ashworth Realtor, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Fort Myers Real Estate, Home Selling tips, Home Tips, Real Estate Market, Sell Your Home Now, Selling your Home, SWFL Home Selling Advice, SWFL Home Tips, SWFL Real Estate

SWFL Home Selling Tips

Pricing your home to sell for max amount.

There are a number of important factors to selling your home for the highest amount of money possible. Effective marketing of course is important, but so is pricing the home correctly for the market conditions that exist.

Cape Coral Remax Homes for SaleIn my business of listing homes for sale in and around Cape Coral & Lee County, Florida, I encounter sellers all the time who are unwilling to price their home for the market. There’s a plethora of excuses though mostly it’s due to a lack of understanding of what it actually takes to sell a home.

Most sellers think that they have to leave enough room between their list price and the price that they are willing to sell for so that the buyer can feel like they made a good deal in the negotiation. While it’s true that buyers rarely offer what they are willing to pay, they are also expecting the seller to counter offer and meet somewhere in the middle. Let me clarify that by saying somewhere in the middle doesn’t necessarily mean the middle. It just means not the list price, but certainly not the offer price. There’s more to it than that.

Nearly all buyers get to know the market by home shopping for a bit before finding the home they wish to offer on. They are at a distinct advantage over the sellers who typically haven’t actually seen any homes on the market other than their own.

Sellers and buyers for that matter, aren’t necessarily skilled at the art of negotiation. Oh sure most of them think they are, but they don’t know what they don’t know.

A couple of recent scenarios come to mind.

Lee County Home Selling tipsScenario #1

The first one is a nice listing in SW Cape Coral not on a canal but in a desirable neighborhood across from sailboat access to the Gulf of Mexico canal homes. My discussion with the owner prior to listing was about, of course, my marketing plan – My Unique Home Selling System. We also discussed my professional opinion of the homes market value along with data to support my opinion. The opinion was that the home’s fair market value was right around $250,000. Maybe a little more maybe a little less, but not less than about $245,000. I recommended a list price of $259,000, the seller insisted on $269,000. So I listed the home at $269,000 with the caveat that if that price doesn’t work with the buyers after a couple of months that we would have to reduce it to get it sold.

A home priced right is half sold!

So even though this home was just a little overpriced, we never got any offers on it. We had a number of showings. Fifteen plus in fact, but no offers. Finally after nearly 6 months on the market the seller reluctantly agreed to reduce the list price to my originally suggested price of $259,000. Miraculously within 2 weeks we had a good solid offer in hand. A negotiation ensued and we were able to get the buyer to pay $254,000. We didn’t need to wait six months for the same outcome that we could have attained earlier had we priced it right from the start or shortly there after.

So, don’t hire a professional to help you get a job done, then ignore his counselling. It’s just a waste of everyone’s time.

Selling Tips SWFLScenario #2

A recent listing where the seller is motivated to sell but needs to get every last dollar possible as he is forced to sell at a loss. My professional opinion on the value of his home is $114,000 +/-. I indicated that we might need to price it at $119,900 to get activity, but let’s try $125,000 to start as I never want to under price a home. Low and behold 2 weeks into the listing, hundreds of online views by buyers, though not a single showing request.

I advised the client that we should now reduce to the $119,900 price point to stimulate activity. He took my advise and granted the reduction. Within 8 hours we had 2 showings set up. Within the first week at the new price we’ve had 6 more showings with a couple of buyers considering an offer.

How can I help you realize your highest sale price possible? Lets get together for a no pressure market analysis and marketing plan where we can discuss your situation.

SWFL Remax Real Estate Services

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, connect with us on Google+, 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 us on Facebook   Follow us on Twitter  View our profile on LinkedIn  Visit our blog  Find us on Yelp   Find us on Google+

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

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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.

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

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+

Historic Low Mortgage Rates!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Buying Questions, Buying Tips, 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 Mortgage News, Florida Real Estate, Florida Real Estate News, Lee County Homes, Lower Your Interest Rates, Money Saving Tips, Real Estate Investment, Real Estate Market, Real Estate News, SWFL Home Sales, SWFL Real Estate

SWFL Real Estate News 1

Mortgage interest rates are back down to historic lows!

Are you thinking about buying a new home in Southwest Florida? If so I have some really good new for you! With these new all time low interest rates you can buy more house for your money!

Lower Interest RatesAs you may or may not know, the 30 year fixed rate home mortgage is based upon the US Treasury’s 10 year bond yield. Last week, the week of January 12, 2015 saw the 10 year treasury dip down under 2% to 1.816% as of the writing of this article.

So you might be wondering, how does this benefit home buyers, sellers? The drop in the 10 year treasury, will virtually immediately signal a drop in 30 year mortgage rates that are already at 4% or less for a well qualified buyer.

We will likely see 30 year mortgage rates down to 3.75% to 3.875% therefore increasing a home buyers borrowing power by reducing the monthly payment required to support the loan. In turn this low rate also helps home sellers as it eases the stress of buyers just a bit while also increasing how much home they can afford to buy.

Nobody knows for sure how long rates will stay at these historic lows, but now is a great time to buy a home as the affordability has never been greater. If you’re not sure how much home you can afford, contact me for assistance.

I’m always happy to answer any questions and educate my clients on what options will benefit them most.  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.

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

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+

It’s Cheaper to Live in Florida!

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

Housing Prices Florida

Report: It’s cheaper to live in Fla. than Northeast

WEST PALM BEACH, Fla. – Sept. 2, 2014 – Contrary to some consumer perceptions, it’s cheaper to live in Florida than most of the Mid-Atlantic and Northeast states, according to a Washington, D.C.-based think tank.

A study by the Tax Foundation showed that $100 in Florida buys $101.21 worth of goods, based on the national average. In the Northeast, only Pennsylvania, Rhode Island and Maine stretched their dollars further.

$100 in New York only buys $86.66 worth of goods, according to the report. The D.C. area is the nation’s most expensive, with $100 only getting $84.60.

The figure is a statewide average. However, as the Clearwater Gazette reported, prices spike near cities, and Florida is no exception – but prices in and around Tampa are still cheaper than New York City and Boston.

The Tax Foundation’s figures are based on housing costs, state income taxes and average price of goods in the area.

Florida is far from the biggest value. That honor goes to Mississippi, where $100 can get you almost $116 worth of stuff.

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

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 Find us on Google+

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Florida Housing Update

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home SWFL, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Housing Market, Florida Mortgage News, Florida Real Estate, Florida Real Estate News, Lee County Homes, Real Estate Advice, Real Estate Investment, Real Estate News, SWFL Market News, SWFL News, SWFL Real Estate

SWFL Real Estate Trends

Fla.’s housing market: More sales, rising prices in June 2014

ORLANDO, Fla. – July 22, 2014 – Florida’s housing market reported more closed sales, higher median prices, increased new listings and a rise in inventory in June, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 23,181 last month, up 14.6 percent over the June 2013 figure.

Investment Strategies“June marked the 31st month in a row – more than 2 1/2 years – that median sales prices rose year-over-year for both single-family homes and townhome-condo properties,” says 2014 Florida Realtors®President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and The Villages. “The state’s steadily improving jobs outlook and rising influx of people continue to have a positive impact on Florida’s housing market. Statewide, new listings for single-family homes in June rose 12.4 percent year-over-year, while new townhouse-condo listings rose 3 percent.”

The statewide median sales price for single-family existing homes last month was $185,000, up 5.2 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis (IDA) department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in June was $141,000, up 8.5 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.

According to the National Association of Realtors (NAR), thenational median sales price for existing single-family homes in May 2014 was $213,600, up 4.9 percent from the previous yearthenational median existing condo price was $212,300.In California, the statewide median sales price for single-family existing homes in May was $466,320; in Massachusetts, it was $347,900; in Maryland, it was $273,912; and in New York, it was $219,000.

Florida Real EstateLooking at Florida’s townhouse-condo market, statewide closed sales totaled 9,594 last month, up 3.1 percent compared to June 2013. The closed sales data reflected fewer short sales last month compared to the previous year: Short sales for condo-townhouse properties declined 60.3 percent while short sales for single-family homes dropped 51.9 percent. Closed sales typically occur 30 to 90 days after sales contracts are written.

Florida Realtors Chief Economist Dr. John Tuccillo said, “June was a very strong month for both the single-family and the townhouse and condo markets in Florida, and we are very encouraged by the data. But a look at one month alone does not ever truly describe the market. So when the strong June report is balanced by a somewhat weaker May, the picture of a market settling-in emerges.

“We are generally seeing slower increases in both sales and prices, and a rising level of inventories. All of this points to a continued steady, manageable growth in the Florida housing market.”

Inventory was at a 5.6-months’ supply in June for single-family homes and at a 5.8-months’ supply for townhouse-condo properties, according to Florida Realtors.

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.16 percent in June 2014, up from the 4.07 percent average recorded during the same month a year earlier.

To see the full statewide housing activity reports, go to Florida Realtors Media Center and look under Latest Releases, or download the June 2014 data report PDFs under Market Data.
© 2014 Florida Realtors®

Click here to view original article.

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.

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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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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
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Happy 4th of July!

Posted in Bob Ashworth, Bob Ashworth Realtor, 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 Mortgage News, Florida Real Estate, Florida Real Estate News, Fort Myers News, Fort Myers Real Estate, Happy 4th of July, Real Estate Market, Real Estate News, Realtor

2014 4th of July

Wishing You All The Best From Our Family to Yours!

Wishing you and yours a safe, happy and fun 4th of July! May your day be filled with laughter, love, family, good food, good friends and happy times! Stay cool and enjoy the fireworks!

Our goal is to always be your #1 Real Estate Solutions Provider in Southwest Florida and beyond! Thank you for allowing us to serve you over the years. We appreciate your preference and your friendship!

All the best to you,

Bob Ashworth Remax Realty Team

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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
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Florida News – Disaster Ratings Report

Posted in Bob Ashworth, Bob Ashworth Realtor, 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 Mortgage News, Florida Real Estate, Florida Real Estate News, Housing Market Update, Real Estate Market, Real Estate News, Realtor, SWFL Home Selling Advice, SWFL Market News, SWFL News, SWFL Real Estate

Disaster Map

As always, I’m happy to share useful and valuable information to my blog readers about the Real Estate Market and our SWFL area. Today I would like to share this information about the Natural Disaster Housing Risk Report by RealtyTrac that recently came out. Fortunately for those of us living here in Southwest Florida we haven’t had a serious hurricane in a long while but it’s good to know where we stand on the Disaster Risk Ratings Map. We are currently in Hurricane season so it is advised to stock up and be prepared, just in case. Stay tuned to our blog for more information about Hurricane Preparedness, coming soon!

Hurricane WarningRealtyTrac releases first-ever disaster ratings

IRVINE, Calif. – June 18, 2014 – RealtyTrac released its first-ever Natural Disaster Housing Risk Report, which assigns a natural disaster risk score to more than 3,000 county housing markets nationwide.

Scores assigned to each county’s housing market were based on risk data for three natural disaster events – hurricanes, tornados and earthquakes – and each county was assigned to one of five risk categories based on their score: Very High, High, Medium, Low, and Very Low.

Of the 3,138 U.S. counties analyzed in the report, 373 were classified as Very High Risk, representing 12 percent of all counties. The total number of housing units in those counties was 10.6 million, 8 percent of total U.S. housing units.

However, Florida – which has a reputation for hurricanes – had no counties in the Very High Risk category. Most of the state, and almost the entire coastline, is Medium Risk. While hurricanes do sometimes target Florida six months out of the year, the state faces largely only one type of natural disaster.

One exception to the rule is upper Central Florida, which has occasional tornadoes. Those counties fall into the High Risk category, along with coastal areas around Cape Coral and Pensacola.

Nationally, 271 counties fell into the Very Low Risk category with 3 percent of total U.S. housing units.

The biggest percentage of counties and housing units fell into the High Risk Category: 1,118 counties representing 47 percent of total U.S. housing units. There were 511 counties in the Medium Risk category, 23 percent of the total; and 865 counties in the Low Risk category, representing 19 percent of the total.

“In the past natural disaster data was technically available, but difficult for buyers and homeowners to dig up; however, now the data is readily available online for virtually any U.S. property, and buyers should take advantage of this,” says Daren Blomquist, vice president at RealtyTrac.

RealtyTrac Disaster report

To view a heat map that breaks down county disaster risk, visit the RealtyTrac website.

© 2014 Florida Realtors® Click here to view original article.

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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

Get Expert Help Finding Your Perfect Lot!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Home, Buying a Home in SWFL, Buying Tips, Cape Coral News, Cape Coral Real Estate, Cape Coral Real Estate Market, FL Real Estate Market Update, Florida Housing Market, Florida Mortgage News, Florida Real Estate, Florida Real Estate News, Fort Myers News, Fort Myers Real Estate, Homes for Sale SWFL, Housing Market Update, New Home Construction, Real Estate Advice, Real Estate Market, Real Estate News, Realtor, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

New Home Construction SWFL

As a Florida Real Estate Agent I always strive to go above and beyond to help my clients in all their real estate needs. Part of what I offer is assistance with buyers that are looking to purchase a lot to build upon. Being a long time resident of Southwest Florida has helped me create good connections with the best, quality home builders in the area. I also am very familiar with the area, roads, schools and shopping locations to help buying find just the right piece of land that meets all of their personal needs and requirements. If you’re looking to purchase a lot to build on, please give me a call at 239-425-2503 and let’s talk about how I can help!

SWFL Lots for SaleBuilders’ bonus: Weak competition from ‘newer’ homes

WASHINGTON – May 27, 2014 – A burst of new-home sales during the previous housing boom stirred up competition among U.S. home builders. After the bubble burst, there was a surplus of fairly new resale homes, which exacerbated builders’ problems: They not only faced lower buyer demand thanks to the recession, but still-interested buyers could get an almost-new home at a bargain foreclosure price.

These nearly new homes boasted modern design, landscaping and interior upgrades, low maintenance requirements, and lower prices – factors that posed formidable competitive challenges for builders.

Now, however, the new home market appears to be swinging in the opposite direction. Almost-new homes – one that would have been built during the height of the recession – are in short supply.

Buyers longing for new homes now must rely on builders since fewer enter the resale market.

The change, in some areas, has put home builders back in the driver’s seat in satisfying new buyer demand.

Source: Forbes (05/22/14) Tobey, John S.

© Copyright 2014 INFORMATION, INC. Bethesda, MD (301) 215-4688

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 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.

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