Yes, we all know the market in Cape Coral has tanked and this SW Florida city is the number 2 foreclosure capital of the country. Sales have been strong since June with September being exceptional. Most of these sales were foreclosures or short sales. The banks have finally gotten serious about getting these homes sold. The listed price is now the price the bank is certain to sell the home within 30 days. This is great news for today’s buyer.  Short sales are also selling. 153 of the 451 homes sold in September were short sales. That is a dramatic turnaround in the lenders’ attitude. Is there room to negotiate? On homes $125K and under, I would say no. There is little wiggle room here. Most are selling close to 100% of asking price, often over asking price. The competitive price invite... 11/01/2008

More and more of my clients are interested in building/buying green homes.  As Vice President of Sales for Villa Homes of SW Florida this is something we are well aware of.  For many years we have been building our homes following the Lee County Electric Good Cents Energy program.   Included in this program are the following improvements to the home: Heating / Cooling Equipment A Seasonal Energy Efficiency Rating (SEER) is the method used to measure the efficiency of an air conditioning system. LCEC’s GCH program requires a 14 SEER or higher air conditioning system, which can save you $100’s per year. The higher the SEER, the lower the operating cost, which equals more savings! Air Conditioning is Florida households largest annual cost.  Efficiency Programmable Thermostat Saves money by... 10/30/2008

Baby it's cold outside! We woke to temperatures in the 40's this morning! Brrrrrr! Nothing to worry about though, it is already up to 70 and headed to 80 again by Friday! It was actually refreshing this morning and it is always fun driving around Cape Coral and looking at people dressed like it is 20 below wearing hats, mittens and even ski jackets!! Although the temps are cooling off, the real estate deals certainly are not! I showed 5 houses yesterday all priced below $100,000! So if you are in the market to buy in Cape Coral or Ft. Myers or you know anybody who is please go to my website www.sellstateadvantage.com and sign up for your very own Listingbook account and we will keep you informed on what is happening! For immediate assistance please call 239-549-9200 and we will have som... 10/29/2008

SEEK HELP:   Your home is one of the largest investments you will make in your life.  Make sure that your transaction goes smoothly.  It is very important that you choose the right agent to represent your interests. The right agent will be someone whose experience and personality makes you feel comfortable. As a member of LaGace & Whitt Partners, I am proud to say that our numbers speak for themselves with over $15,000,000 in sales to date in 2008.  We are in the top 1% in the entire Fort Myers, Cape Coral and Lehigh areas for closed transactions. GET PRE-APPROVED:     Do you already know how much home you can afford?  There is nothing more frustrating than looking for a home, finding the perfect home, and then discovering that it is out of your price range. I can recommend a lender who... 10/29/2008

  A $131 million Veterans Affairs outpatient clinic is one step closer to opening in Cape Coral. The Senate on September 30,2008 approved funding for the VA clinic. Now, the funding package goes to President George W. Bush for his signature. With approval from both houses of Congress, the clinic seems likely to move forward. The VA has finished preliminary design of the project and is hoping to have the 200,000-square-foot facility built by 2011. The clinic, set for an area near Diplomat Parkway and Corbett Road, will replace the 71,000-square-foot clinic on Winker Road in Fort Myers. The new facility will offer a broader array of services, such as minor surgery, advanced imaging, nuclear medicine and vascular Doppler ultrasound. The clinic's placement in Cape Coral points to the city'... 10/28/2008

This past Monday night the Cape Coral city council halted the plans for utility expansion for Southwest 6 and 7.  This approval for utility expansion may come up again in the future but for now the plans are on hold.  In light of the lowered land values this probably makes economic sense. 10/28/2008

It is great to know that Cape Coral's Academic Village has some life and the City of Cape Coral is moving it forward.  This is exciting for all of Lee County. Representatives of fifteen construction, architectural and engineering firms are interested in Cape Coral's planned research park in the northern part of the city. They attended a pre-bid conference Oct. 16 for the park, to be located on the city's 182-acre Academic Village site on Del Prado Boulevard and Kismet Parkway. The research park  has the potential of providing hundreds of construction jobs. Those people and their employees would be planning and constructing the buildings and infrastructure needed by high tech companies the city is trying to lure to the park. Firms that the city would like to locate at the park include co... 10/27/2008

I published this information recently but thought it would be better to do with a graph to really show what is happening with the Cape Cora Real Estate Market.  As of this past March (2008), the number of sold homes has dramatically increased.  I believe the major contributors to this fact are: Home prices have come down to 2001 levels.  The buyers who wanted to purchase between 2004 to 2006 were priced out of the market.  Consequently, most of them returned to the Midwest, Northeast, or Europe and did not buy.  Now they see the great opportunity in front of them and they're not hesitating to make offers...and ultimately purchase. The number of bank owned homes has increased.  However, this just means the banks are now at the point where they will sell.  Prior to the foreclosure, the l... 10/27/2008

In a real estate market where developers and corporations are whittling down their staffs, banks and insurance companies are faced with what to do now these institutions have become the reluctant owners of huge portfolios of buildings, many of which have been neglected by cash-strapped developers who finally defaulted on one debt payment too many. Most of the institutions have farmed out the day-to-day responsibilities for managing and leasing the properties to professional firms like LandQwest Asset Recovery, LLC. The reason is they are scrambling to find high-level people who can both supervise the outside vendors, and most importantly figure out what to do with the properties in the long run. LandQwest has assembled a Superior Team Of Professionals who handle property management, sp... 10/27/2008

Yes, we all know the market in Cape Coral has tanked and this SW Florida city is the number 2 foreclosure capital of the country. September is traditionally a quiet month for sales here. But in September 2008 sales were a record high. Most of these sales were foreclosures or short sales. The banks have finally gotten serious about getting these homes sold. The listed price is now the price the bank is certain to sell the home within 30 days. This is great news for today’s buyer.  Short sales are also selling. 153 of the 451 homes sold were short sales. That is a dramatic turnaround in the lenders attitude. Is there room to negotiate? On homes $125K and under, I would say no. There is little wiggle room here. Most are selling close to 100% of asking price, sometimes over asking price. Th... 10/26/2008

I'm a firm believer in only addressing a problem if you have the solution. The recent blog I wrote about Countrywide short sales sure caused a lot of comments, emails and phone calls. Not to worry, I have a solution. Read the full article about Countrywide Short Sales and the WHY behind this post. Here's what I propose the banks do to collect the most money back on these bad loans:   1)    Have an intake department with a checklist of items needed in package (timeframe: same day of receipt) a.     Reject all that are missing items - send letter of explanation b.     Forward on all complete packages to analysis team   2)    Analysis Team - reviews package (timeframe: 2 days of review) a.     Verifies hardship b.     Verifies value c.      If good - forward to closing negotiator d.     If... 10/25/2008

Description and Features Links Our WebsiteListing Website 10/25/2008

Sometimes you read an article and just say, What?  When a large news venue like Reuters doesn't do any in-depth reporting I find this to be very wrong.  An article written bashing Cape Coral and calling it a waste land is just one of those articles.  Call me crazy, I have lived here since 1993 and I have watched and worked in the real estate community since then.  I came from the Annapolis Md. Area where the Chesapeake Bay is always in a state of being cleaned up (Yuck) and old overpriced homes selling for huge prices. I came to Cape Coral and found beautiful waterfront property and unbelievable inexpensive prices at the doorstep of the Gulf of Mexico.  The dolphins, manatees, red fish all call these waters home.  Boating is done all year long and this is the "Sunshine" state.   We have... 10/24/2008

As the financial crisis hits Main Street America, nearly one in six US homeowners are finding themselves in the same position, threatening the US economy with a new wave of foreclosures and bankruptcies. About 12-million US homeowners owe more than their homes are worth, compared with 6,6-million at the end of last year and slightly more than three million at the close of 2006, said Mark Zandi, chief economist at Moody's Economy.com. "At the root it's 'the' problem," said Zandi. "If you're going to put your finger on the one thing that's gotten us into this fiasco, it's the fact that millions of homeowners are under water on their homes." Already, US consumer spending is slumping as homeowners find they can no longer take equity out of their homes to fund their lifestyles. In a slowing... 10/23/2008

Photo Gallery Description and Features There are so MANY agents out there TRYING to duplicate what the LAGACE & WHITT PARTNERS OFFER. Don't be fooled by second rate realtors that do not have the expertise or ACTUAL NUMBERS to prove their track record. The LaGace & Whitt Partners is the #1 Team at Century 21 Birchwood Realty for 2008, no other team can touch us! The LaGace & Whitt Partners are in the Top 1% of Sales for Lee County. #42 in Closed Transactions in the Entire USA. No other team comes close to the Customer Service the LaGace & Whitt Partners offer our Buyers and Sellers. In this market you need a Team that is going to represent you in the best possible way. Don\'t settle for a second rate copy when you can have the ORIGINAL #1 TEAM IN CAPE CORAL REAL ESTATE! Call us today! J... 10/23/2008

  Here is the 24 hour report for activity in the Cape Coral Real Estate market according to the MLS. This information is provided directly from our local MLS. Please feel free to check back often for the most accurate and updated information available in the Cape Coral area for local real estate reports and statistics. For more free reports and Cape Coral Real Estate visit http://www.intelligentlisting.com/   New Listings 52   Back on Market 13   Price Increases 15   Price Reductions 114   Contingents 12   Pendings 36   Solds 25   Expireds 27   Inactives 26   SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://colleenpearsall.listingbook.com/  to be the first to know about hot new listings! SEARCH THE MLS h... 10/23/2008

From the CapeCoral.net website:       The City of Cape Coral has been working to reduce the insurance rating of the city, which would produce lower insurance costs for many homeowners.  In July, the City of Cape Coral was notified by the Insurance Service Office (ISO) that our efforts had been successful and our rating had improved.   Our city-wide “Public Protection Classification” rating is now a “3,” down from a previously split rating of “4/9.”  The new rating becomes effective November 1, 2008.  What is the Public Protection Classification rating?    This Public Protection Classification Program establishes appropriate fire insurance premiums for residential and commercial properties.  Insurance companies need reliable, up-to-date information about a community's fire-protection ser... 10/23/2008

    The City of Cape Coral is making an aggressive move to diversify the city's commercial industry and spur new economic development.  The city has issued two requests for proposals seeking developers to build a hotel and ice rink adjacent to the city's Sun Splash Family Waterpark and an academic village and research park in the northeast section of the city.  In both cases, the city owns the land and will offer developers a low-price land lease to help minimize development costs.   The deadline for responding to the proposal is October 30, while the academic village deadline is Dec 23.  Copies of the RFP are available online at demand-star.com or by calling (239) 574-0831 10/23/2008

  As reported in the NewsPress today: $43 million project to widen road to six lanes By DENES HUSTY III • dhusty@news-press.com • October 23, 2008 The plans are finished and construction should start by December on widening Del Prado Boulevard North. The $43 million project involves widening the road from four to six lanes from Pine Island Road north to Kismet Parkway, said Maricell Venegas, project spokeswoman. The work by Balfour Beatty Construction is scheduled to be finished by spring 2011, she said. The six lanes, she said, will tie in with the six lanes of Del Prado south of Pine Island Road. The road is being widened to handle increased traffic along the route, Venegas said. An average of 18,100 to 22,100 vehicles a day travel along Del Prado Boulevard north of Pine Island Road,... 10/23/2008

Cape Coral is a very pretty city located in sunny SW Florida on the Caloosahatchee River. Just west of Fort Myers. Cape Coral has hundreds of miles of canals flowing into the Gulf of Mexico. It is one of the largest boating communities in Florida. The popular beaches of Ft Myers Beach, Captiva and Sanibel Islands are close by.  Living choices include beaching, boating, fishing, kayaking, swimming and snorkeling. At the moment Cape Coral has a wonderful choice of homes, condos and vacant land.  Many properties are bank owned foreclosures. My clients are those looking to make a move now, to buy a second home or invest in a future home. The question is, what do You get For your money in today’s Cape Coral Real Estate Market? At the moment Cape Coral has a wonderful choice of homes, condos... 10/21/2008