By philip on January 22, 2012 at 10:59 am | 0 comments
Getting more for your money in today’s real estate market is important. With multiple offers on most foreclosure listings and time ticking away with short sales, how can someone compete and get a great deal.
By philip on January 20, 2012 at 10:26 pm | 0 comments
It has been an exciting year in Real Estate in the Greater Fort Myers market. Median home prices are up 32% from a year ago! There were 15,025 single family homes sold and 4,617 condo’s sold in 2011. We had 3,431 ACTIVE listings with 1278 PENDING listings – this is equal to ONLY 2.68 months of inventory. The absorption rate went from 5.6 in December 2010 to only 3.9 in December 2011 on single family homes, with a monthly absorption rate of ONLY 0.68 for foreclosure homes.