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| Real Estate Market Watch Cape Coral, North Fort Myers, Fort Myers, Lee County Florida,sold and active properties | |||||
South West Florida Housing Market ![]() I know it sounds like I am telling the same old story for the last few month. But now we are getting proof that the Real Estate Market in south west Florida is in recovery. Sales were up in June and July, prices are increasing and you will hear now from a lot of Realtors and buyers that they are being "outbid" by another buyer on certain properties. Just last week I got a phone call from another Realtor who presented an offer on one of my listings. She told me that this property (my listing) is her 4th try with this buyer to buy a property - she lost the previous 3 because they got outbid by other buyers. This home was on the market for only 2 days and I had multiple offers on it. However her offer was the strongest, so finally this buyer is able to go ahead and make his moving plans. This property was priced at fair market value, not under and not over. I had another listing which was only on the market for a few hours and it had several offers on it. Here the same situation. The Agent whose buyer ended up buying this property previously had made several attempts to get a home for her buyer. Those are not single cases, it happens to me with my own buyers as well. Don't get me wrong - we still have enough inventory and the prices are still very good. With most properties still under market value. However those properties are going fast and buyers and agents really have to jump on those homes and the times of, oh well, I will think about it for a few weeks and then I probably will write an offer - those times are over. The Market in our area is cooking just below the surface and in my opinion, it will not take a lot to make it explode again. I just heard in the news that the property value in South West Florida is up for 25% compared to the same month last year.
2008-08-09 03:31:43 GMT
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