Cape Coral makes #12 on Top 30 List of Happiest Cities in the U.S.

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

Cape Coral makes Happy City list

I’m always delighted to share articles like this that prove what I’ve been saying for years – Cape Coral, FL is one of the very best places to live in the world!  Contact me to help you find the perfect home for you and your budget, in this waterfront wonderland. See for yourself with a free MLS search at www.BobAshworth.com

These Are the 30 Happiest Cities in the U.S.

by

The annual Well-Being Index by Gallup-Healthways shows the best communities in the company to find happiness by looking at the 190 biggest communities in the U.S. to determine the most comfortable place to call home.

The rankings analyzed five different facets of well-being: purpose (likely to learn new and interesting things), social (having supportive relationships and love in your life), financial (managing your economic life to reduce stress and increase security), community (liking where you live, feeling safe and having pride in your community), and physical (less likely to have depression over their lifetime).

Here’s the full list:

  1. San Francisco, California.
  2. Bridgeport, Connecticut.
  3. Green Bay, Wisconsin.
  4. Minneapolis, Minnesota.
  5. Peoria, Illinois.
  6. Visalia, California.
  7. Port St. Lucie, Florida.
  8. Colorado Springs, Colorado.
  9. Asheville, North Carolina.
  10. San Diego, California.
  11. San Antonio, Texas.
  12. Cape Coral, Florida.
  13. Ann Arbor, Michigan.
  14. Austin, Texas.
  15. Ventura, California.
  16. San Jose, California.
  17. Provo, Utah.
  18. Honolulu, Hawaii.
  19. Santa Barbara, California.
  20. McAllen, Texas.
  21. San Luis Obispo, California.
  22. Anchorage, Alaska.
  23. Charlottesville, Virginia.
  24. Boulder, Colorado.
  25. Santa Cruz, California.
  26. Fort Collins, Colorado.
  27. Barnstable Town, Texas.
  28. Sarasota, Florida.
  29. Salinas, California.
  30. Naples, Florida.

From: Houston Chronicle. 

From: Esquire

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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Condo for Sale SE Cape Coral

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral Condo For Sale, Cape Coral Home for Sale, Cape Coral News, Cape Coral Permit News, Cape Coral Real Estate, Cape Coral Real Estate Market, Cape Coral Realtor, Condo for Sale, Featured Listings, FL, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Fort Myers News, Fort Myers Real Estate, Home for Sale SWFL, Homes for Sale SWFL, Housing Market Update, Lee County Homes, Mortgage News, Real Estate Advice, Real Estate Investment, Real Estate Market, Real Estate News, Realtor, Sell Your Home Now, Selling a Home in SWFL, SWFL Condo for Sale, SWFL Home Sales, SWFL Home Selling Advice, SWFL Homes for Sale, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate, SWFL Real Estate Investing

4608 SE 6TH AVE 1

Today we want to share with you our latest #SWFL listing – a nice and affordable 2 bedroom condo in SE Cape Coral!

4608 SE 6TH AVE 3 4608 SE 6TH AVE 4

4608 SE 6TH AVE #2A, CAPE CORAL, FL 33904

$64,900   Beds: 2, Baths: 2, Sq. Ft.: 1,017     Listing #216009725

4608 SE 6TH AVE 10 4608 SE 6TH AVE 9

4608 SE 6TH AVE 8  4608 SE 6TH AVE 7

4608 SE 6TH AVE 6  4608 SE 6TH AVE 5

4608 SE 6TH AVE 2

Welcome to this affordable 2/2 condo in SE Cape Coral. The home features a convenient location, laundry in unit and low monthly condo fees. This nice affordable condo is ready for a new owner to move right in. Call Bob Ashworth to schedule a showing or get additional information. 239-425-2503 Click here to view more.

AnythingLessBanner

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 Lake front Condo for Sale!

Posted in Bob Ashworth, Bob Ashworth Realtor, Buying a Condo, Buying a Home, Buying a Home in SWFL, Buying a Home SWFL, Cape Coral, Cape Coral News, Cape Coral Real Estate, Cape Coral Realtor, FL, Florida Real Estate, Lee County Homes, SWFL Home Sales, SWFL Homes for Sale, SWFL News, SWFL Real Estate, Uncategorized

Cape Coral Lake Front Condo
 Today we want to share with you our latest  #SWFL listing –  a beautiful 2/2 Lake Front Condo in Cape Coral, FL

$150,000

Lakefront western exposure with spectacular views in SW Cape Coral. Close to Cape Coral Parkway and within easy walking distance to Publix. This spacious condo features gulf access via Redfish Cove. There is a community boat dock with ample space for your boat. The unit also features an additional storage closet for beach chairs and other outdoor items located near your covered parking spot. Inside, the great room and master bedroom face Lake Louise. Both featuring pocket sliders open to the full length lanai. Washer & dryer and additional interior storage round out a great usable condo. With this view, we don’t expect it to last long so call today for your private tour.  Listing #215051761   Virtual Tour
Cape Coral Lake Front Condo 1 Cape Coral Lake Front Condo 2
Cape Coral Lake Front Condo 3 Cape Coral Lake Front Condo 4
Cape Coral Lake Front Condo 5 Cape Coral Lake Front Condo 6
Cape Coral Lake Front Condo 7 Cape Coral Lake Front Condo 8

Click here to view more on this listing.

bob-remax-sign

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

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17 Beautiful Reasons to Buy a House in SWFL now!

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

We’re always on the lookout for awesome #SWFL blog post to share so he’s one we just couldn’t pass up! Enjoy and please feel free to share!

17 Astonishing Images That Will Make You Want To Live In SW Florida

1. From up above…

SWFL Arial view

2. …to down below…

SWFL Manatee

3. …to up close and personal…

SWFL beaches seashells

4. …there is no denying that the Gulf Coast of Florida is majestically stunning.

Fort Myers Beach SWFL Living

5. With sunsets that make time seem to freeze…

SWFL Beach Sunset Fort Myers

6. …and beaches made of dreams…

Sanibel Island Light Tower

7. …and a candy sky so delicious you’ll want to eat it…

Fort Myers Beach Sky

8. …Florida’s Gulf Coast is the place to be.

Florida Gulf Coast

9. The warm Gulf water will invigorate your soul.

Florida Beaches SWFL

10. You can take forest walks for unique sights.

SWFL Nature Walk

11. Float your way to happiness.

SWFL Outdoor living

12. Get front row seats to glimpse all the wildlife.

SWFL Gulf Coast Ocean Life

13. Sail for days.

SWFL Sailing

14. Or paddle your way into the open sea.

SWFL Kayaking

15. No matter what activity you want to partake in, your eyes will never get bored.

SWFL Outdoor activities

16. So sit back, relax…

SWFL Beach Life
.
17. …and soak it all in.

SWFL Beach home

Click here to view this awesome video on The Beaches of Fort Myers & Sanibel if you don’t see the video box below.

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+

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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Things are Looking Up!

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, FL Real Estate Market Update, Florida Housing Market, Florida Real Estate, Florida Real Estate News, Fort Myers Real Estate, Homes for Sale SWFL, Housing Market Update, Real Estate Market, Real Estate News, Realtor, SWFL Home Sales, SWFL Homes for Sale, SWFL Housing Update, SWFL Market News, SWFL News, SWFL Real Estate

SWFL Real Estate Trends

Fla.’s housing market trending up in June 2013

Florida’s housing market continued to show increased strength in June, including more closed sales of single-family homes, more new listings, rising median prices and a reduced inventory of homes for sale, according to the latest housing data released by Florida Realtors®.

SWFL Home Sales“It’s encouraging to see median prices continuing to recover in areas across the state,” says 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “Strong buyer demand, along with the tight supply of for-sale homes, is putting upward pressure on prices. June marks the 18th consecutive month that we’ve seen the statewide single-family home median sales price increase year-over-year.

“On average, sellers received about 94 percent of their asking price in June. Interested home sellers are paying attention to this positive trend. Statewide, new listings for single-family homes increased 10.8 percent in June, while new townhome-condo listings rose 4.7 percent.”

Statewide closed sales of existing single-family homes totaled 20,403 in June, up 8.6 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department in partnership with local Realtor boards/associations. Closed sales typically occur 30 to 90 days after sales contracts are written.

2013 Florida Housing MarketMeanwhile, pending sales – contracts that are signed but not yet completed or closed – for existing single-family homes last month rose 23.1 percent over the previous June. The statewide median sales price for single-family existing homes last month was $175,000, up 15.1 percent from the previous year.

According to the National Association of Realtors (NAR), the national median sales price for existing single-family homes in June 2013 was $214,700, up 13.2 percent from the previous year. In California, the statewide median sales price for single-family existing homes in June was $428,510; in Massachusetts, it was $350,050; in Maryland, it was $284,841; and in New York, it was $242,475.

The median is the midpoint; half the homes sold for more, half for less. Housing industry analysts note that sales of foreclosures and other distressed properties downwardly distort the median price because they generally sell at a discount relative to traditional homes.

SWFL Homes for SaleLooking at Florida’s year-to-year comparison for sales of townhouse-condos, a total of 9,136 units sold statewide last month, slightly less than the June 2012 level (down 2.5 percent). Meanwhile, pending sales for townhouse-condos last month increased 14.2 percent compared to the year-ago figure. The statewide median for townhouse-condo properties was $130,000, up 18.2 percent over the previous year. NAR reported that the national median existing condo price in June 2013 was $210,200.

The inventory for single-family homes stood at a 5-months’ supply in June; inventory for townhouse-condos was at a 5.2-months’ supply, according to Florida Realtors.

“The rest of the country is finally catching on to the fact that Florida’s real estate market is growing significantly,” says Florida Realtors Chief Economist Dr. John Tuccillo. “For the past two years, we’ve been up year-over-year in closed sales. The significant part of this month’s numbers is the growth in new listings, suggesting that the inventory crunch will ease in the second half of this year.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.07 percent in June 2013, up from the 3.68 percent average recorded during the same month a year earlier.

Click here to view original article.

SWFL Realtor Bob Ashworth

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

Cape Coral Makes House Hot Spot List!

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

Housing Hot Spot

Housing recovery radar: Where are the next hot spots?

CNBC The housing recovery is starting to heat up—so much so in some areas, the “b” word—bubble—is starting to pop up.

“Nationwide, the housing market is not in a bubble. But there are probably some markets that are at risk for getting into bubble territory if they continue at the pace that they’re going,” said Daren Blomquist, vice president at RealtyTrac.

In a recent report from Realtor.com, the towns seeing the hottest recoveries, based on factors such as inventory, median list price, days on the market and search activity, were primarily on the West Coast, with six of the top 10 in California. Six months ago, eight of the top 10 were in Florida. So, is the recovery, like the settlement of the U.S., moving east to west?

Rising Market SWFLActually, there are some methods to the recovery madness—but geography isn’t one of them.

The pros estimate the housing recovery started just over a year ago. Those early buyers? It was a lot of foreign investors buying up real estate in Sun Belt areas like Miami and Phoenix.

“There were stories in 2012 of people being outbid for homes—individual homeowners getting outbid by all-cash buyers,” said Steve Berkowitz, CEO of Move Inc., the parent of Realtor.com.

Blomquist said buying activity really started to pick up in mid-2012 after Warren Buffett said on CNBC that he would buy up “a couple hundred thousand” single-family homes and rent them out if he had the logistical ability to manage the properties.

“That was really when there was a paradigm shift in the market,” Blomquist said. “We started to see these institutional investors jump in and buy single family homes.”

“Investors really were the leading edge, the front line of this real-estate recovery,” Blomquist said. “They’re willing to stomach more risk.” And that, in turn, helped trickle down to the average homeowner as it helped boost prices and get a lot of homes back above water.

Cash PurchaseHe estimates that roughly 10 to 20 percent of investors buying real estate today are foreign investors—mostly from Canada, Mexico, China and, in places like Miami—South America. He’s also heard of a lot of investors from Russia and other eastern European countries in the New York market.

One common denominator is that many of the markets with big price increases had been among the hardest hit when the housing bubble burst.

CNBC.com’s Cindy Perman talks with RealtyTrac’s Daren Blomquist about new signs that the housing recovery is starting to heat up, so much so that some experts are even beginning to say “bubble” again.

According to the latest data from RealyTrac, the markets with the biggest recent pickups are Honolulu; Flint, Mich.; and Albany, N.Y.

Another factor has helped speed the recovery in some markets more than others: how the foreclosure process is handled. Markets like California, Nevada, Arizona and Georgia have seen their recoveries take off because they allow what’s called a nonjudicial foreclosure process, which tends to be quicker than the courts.

“Those markets have worked through the foreclosure problem more quickly than other markets,” Blomquist said. “What that means is that they don’t have that lingering distress … that drags on home prices.”

The recovery in California and other parts of the West Coast has largely been driven by the tech economy, Berkowitz said.

So much so, that the recovery in some markets may be getting close to its peak.

In San Jose, for example, prices are 70 percent off their bottom already, Blomquist said. San Francisco is 96 percent off its bottom.

“I think many of the California markets, especially San Jose and San Francisco, are getting back to that bubble level,” Blomquist said. “Some markets are close to plateauing in terms of home prices but scaling back the pace of recovery to single-digit growth, which going forward is much more healthy.”

So, where are the next hot spots?

Florida Real EstateBelieve it or not, while many parts of Florida have already seen double-digit growth, pros say there’s more room to run in Florida.

In Tampa, for example, prices are 38 percent off the bottom, Blomquist said, but they’re still 44 percent below their peak in August 2006.

By contrast, prices in San Jose and San Francisco are 12 percent and 22 percent below their peaks, he said.

Miami, Orlando and Fort Myers-Cape Coral are nearly 50 percent off their peaks.

The pros were encouraged by the recovery in Detroit, which made Realtor.com’s latest list of the hottest recoveries, but they weren’t willing to bet on it as a continued hot spot. The reason? It’s a lot safer to bet on sunshine and ocean than on a bankrupt city dependent on jobs to drive housing demand.

One area Blomquist is willing to bet on is Chicago, where prices are 32 percent below their peak.

He’s also hearing a lot of buzz about parts of Maryland and the Carolinas. Some specific cities he’s hearing interest in are: Salt Lake City and Ogden, Utah; Atlanta; Charlotte, N.C.; Indianapolis; Minneapolis; Nashville and Memphis, Tenn.; Dallas and Houston.

One surprise he didn’t expect in the recovery is the demand from large institutional investors.

“All of a sudden, you had hedge-fund types interested in single-family real estate!” he said. “That’s helped give a power boost to this recovery that was unexpected.”

Home Sales SWFLAnd, while homeowners have benefited from this influx of investor money as it’s driven their property values higher, there’s one important player who has yet to join in this recovery: the move-up buyer. That’s the couple who gets a starter home, builds some equity and then trades up to a more expensive home.

“We’re seeing a market that is very dependent on investors right now,” Blomquist said. “In the long-term for sustainability, we need those move-up buyers to start purchasing again.”

And, if you’re wondering why some big Northeastern states like New York, New Jersey and Pennsylvania aren’t on the list, you can sum it up in one word: courts. All of those states have a judicial foreclosure process. As a result, the pros are keeping their eyes on these markets.

You may not be able to find a geographic pattern in where the recovery will heat up next, but what the pros are seeing now is a lot of West Coast markets getting close to peak and a lot of East Coast markets, from New York to Florida, with more room to run.

Housing recovery hot spots

Here are states/cities where real estate pros say could be the next hot spots where the housing recovery heats up. While these markets have seen some recovery, they’re still down significantly from their peak. (See map above)

STATES – New York, New Jersey, Pennsylvania, Maryland, North Carolina, South Carolina, Florida

CITIES

  • Wilmington, Del.
  • Tampa, Fla.
  • Miami
  • Cape Coral-Ft Myers, Fla.
  • Orlando, Fla.
  • Chicago
  • Indianapolis
  • Minneapolis
  • Charlotte, N.C.
  • Newark, N.J.
  • Trenton, N.J.
  • Philadelphia
  • Reading, Pa.
  • Nashville, Tenn.
  • Memphis, Tenn.
  • Dallas
  • Houston
  • Ogden, Utah

Cape Coral SWFL Housing Hot Spot

Sources: Realtor.com, RealtyTrac – click here to view original article. 

SWFL Real Estate News

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.

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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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