Cape Coral, FL Real Estate News

By Mike Kelly
(Sellstate Advantage Realty)
Once again I was reminded last week of what a wonderful career I have chosen! Business is booming and agents are busier than they have been in years! Just being around the office and seeing all of the activity and smiling faces is exciting! This passed week we closed quite a few transactions but I noticed a trend that is starting to develop! 5 of our closed transactions were for first time home buyers! Does anybody else feel the way that I do when you see the look on their face when you have finished the closing? That look is PRICELESS! It makes all the days when we are under pressure and putting out fires seem worth it! Throughout my career I can honestly say that working with a couple, young or old, on the purchase of their first home is extremely rewarding! Now is the time to buy and...
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By Scott Slocum, Scott Slocum & Associates 239-222-4800, Cape Coral
(Florida Future Realty Inc.)
June 1st, 2008 is the official start of the 2008 Hurricane Season for cities throughout the U.S. including Cape Coral FL.  The question you need to start asking yourself is "Are you prepared?" In Cape Coral this preparation should start with registering for the City of Cape Coral's CODE RED notification program.  The reverse 911 system will notify you via phone (any number you choose) in case of any type of emergency or public service notification such as a boil water notice, etc...Register for CODE RED notification from the City of Cape Coral. Your next step is to stop by your local Publix and purchase a NOAA 7 Channel Weather Radio.  The one that I own is the WR-100 made by Midland Radio.  When severe weather conditions such as thunderstorms, tornados, hurricanes, wildfires, floods, e...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
   Joe Kendall Realtor with Sandals Realty, Waterfront & Foreclosure Specialist writes:: Do you remember when waterfront property was so over priced it truly was not affordable for most? You only have to look back 3 years to 2005 when waterfront property was selling at an unbelieveable rate and an unbelievable price! Well, I believe everything goes in cycles and what goes up, must come down and we will slowly start the process of improving in our real estate market. Home Buyers your best price, location and selection is Now !  Today, your best value is in buying a waterfront property as hundreds of waterfront homes are within the foreclosure, short sale or bank owned process of selling the property. Waterfront property has dropped so much in price, it truely is a option every home buyer...
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By Colleen Pearsall
(Pearsall Properties Inc)
  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 66   Back on Market 13   Price Increases 7   Price Reductions 108   Contingents 11   Pendings 25   Solds 29   Expireds 26   Inactives 17   SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://www.colleenpearsall.com/ to be the first to know about hot new listings!   Colleen Pearsall 239-458-5...
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By Mike Kelly
(Sellstate Advantage Realty)
I just want to keep everyone informed of what is really happening in our little corner of the world, Cape Coral and Ft. Myers! This "dead" real estate market that everyone is telling you about, must have been kept secret from the agents in our office! Why? Well this week, a historically slow week, has been awesome. We processed 10 commission checks this week for 10 different agents! The largest of which was $27,000 and that was just for the buyers side! That is a pretty good year for a lot of agents and considering he is on a 95% split I know he is extremely happy, but he does those deals a few times a year! We also had 11 new contracts processed in the office this week! One "lucky agent" sold a $450,000 lot because he did floor time! Oh by the way he also picked up a listing from the s...
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By Mike Kelly
(Sellstate Advantage Realty)
It does not matter what you feel about the situation in Iraq, we must take time out this Memorial Day weekend to remember all of the men and woman who will not be spending this weekend at home with their families. We also need to remember all of those who have made the ultimate sacrifice to allow us all to live free! Not only those who gave their life in Iraq, but all those who have died over the years in the various wars and conflicts!  Here is a link that someone shared with me and I wanted to now share it with you: Enjoy and pass it on! Three soldiers wrote the song and put this together in their 'free time' over there. The Singer needs a Recording Contract when He comes Home!  http://www.flashdemo.net/gallery/wake/index.htm In your travels please remember to say thank you to a vet o...
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By Linda Flack, The Villages is where you retire with attitude
(Realty Executives in The Villages)
This is great news.  #1 it is a key evacuation route for Pine Island.  There is only one section left that is not 4 lanes.  It is preventing the regional mall concept from going further.  If all the stars align and the funding comes thru (years earlier than anticipated) we will be in fat city and closer to being the big city we are meant to be. 
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By Scott Slocum, Scott Slocum & Associates 239-222-4800, Cape Coral
(Florida Future Realty Inc.)
Cape Coral Home Prices have gone through some downward changes over the past twelve months.  As consumers we want to know that we're getting the best deal and we're making a secure investment.  A common question consumers have been asking is "How Low Will They Go?"  Real Estate is a market that has ups and downs.  Just as we couldn't time the exact point at which prices were going to peak we're not going to be able to time the exact point when prices will stabilize. So what should we do as consumers with all of this information... We should look at the positive situation we are presently faced with.  Southwest Florida is filled with multitudes of property For Sale. The benefit is that you can pick the cream of the crop home that is exactly what you are seeking.  You have a wide variety ...
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
      Joe Kendall, Realtor with Sandals Realty writes, When some people hear of bank owned properties in Florida, the first thing that comes to their minds are poor conditioned, stressed properties.  this is not always the case here in southwest Florida, Here in Lee County Florida there are several bank owned property that are brand new and have never been lived in ! Several of these homes where purchased within the last 3 years with the attention of the investor flipping and upgrades where purchases in the mind set of standing out in a crowd of thousands of investment property! Hundreds of these homes never sold and have been foreclosed on by the banks. Cape Coral Florida in the last 90 days has shown Bank short sales are selling at fair market value and the bank owned property is sell...
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By Linda Flack, The Villages is where you retire with attitude
(Realty Executives in The Villages)
So says the News-Press.  I observed 2 1/2 years after the real estate market started to dive the city and county are just now starting to react to what was happening all around them.  I've never understood why government is reactive and not proactive.  Why did they seem to turn a blind eye to the doubling and then tripling of taxes in a 2 year period and think this would not have an effect on real people.  This is basic economics 101.  If you hurt property owners that do not have the benefit of homestead  they are going to leave and find a friendlier place to live and own property. And leave they did and yet our government seems surprised. Now more people are losing their jobs at the city and county. I don't like anyone losing their job. But, local businesses have already cut employees,...
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By Scott Slocum, Scott Slocum & Associates 239-222-4800, Cape Coral
(Florida Future Realty Inc.)
Florida Future Realty Inc. has developed a plan to help you make a unique, educated and secure decision for your economic stimulus check. This is a one of a kind offer.  Double you economic stimulus check now up to $600!!!  That's the equivalent of you receiving $1,200!!! Florida Future Realty Inc. will match your economic stimulus check up to $600.00 when you purchase a residential property between now and August 31st 2008. For more information contact me today at (239) 340-1384 or stop by our office located at 2816 Del Prado Blvd S Unit 2 Cape Coral FL 33904. Search Residential Properties For Sale in Cape Coral FL Present this blog for redemption of this special economic stimulus offer. Scott Slocum, REALTOR®Florida Future Realty Inc.2816 Del Prado Blvd South, Unit 2Cape Coral FL, 339...
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By Beatrice Cooper,
(Finacial Destination )
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By Mike Kelly
(Sellstate Advantage Realty)
Well the office continued to be buzzing with buyer activity all week. We are still seeing out of state buyers on a daily basis. We even had  a walk in on Friday and even though the latest statistics say 93% of buyers are going to the internet first, we are still getting 2 or 3 walk ins a month! I am sure that is due to our highly visible and convenient location on Cape Coral Parkway! We are looking forward to another busy week and hopefully a busy Memorial Day Weekend! The news press our local paper reported that the median price for a home in Lee County is $212,500 which is a declining of 34% since December 2005! And as expected there were only 84 building permits applied for in April less than 25% of a year ago! There are still unbelievable deals on the market for first time home buye...
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By Beatrice Cooper,
(Finacial Destination )
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By Joe Kendall Broker, It's Always best to talk to "Broker Joe"
(Keller Williams Elite Realty )
Joe Kendall with Sandals Realty writes, Cape Coral, Fort Myers, Lehigh Acres, Florida Foreclosures, Bank Short Sale and Bank Owned Property come in all prices, sizes and Colors! The selection, variety and location has never been better! Now is the time to Buy your Dream Home, Your Vacation Home, or Your Florida Investment Opertunity. Call Joe Kendall, Realtor with Sandals Realty for a complete list of what you might be interested? Homes, Condos, New Construction, High Rise, Waterfront, Ocean Front, Gulf Access, Gated Communites, Golf Course Living, the list is endless!        2005 Built 3 bed 2 bath                    3900 sq. ft. Gulf Access                Cape Harbour Condo Cape Coral Florida                          Bank Short Sale. Must See!            Gulf Access Resort Style Livi...
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By Scott Brenner
(Sellstate Elite Inc)
Greetings from SW FL! It's getting to a point where you can't ignore the headlines about SW FL in almost ever National media newspaper, TV, radio even NPR has done an investigative report on our housing market and the downward effect it has had on the local economy.  But when the headline fade from the public eye and buzz has quieted down my hometown is still one of the most beautiful places in the world.  Know what has been reported in the media, but what brought me to this area nearly 15 years ago is still just as true today as it was then. In fact when I first came to Lee County FL the nation was experiencing an "economic down turn" then as well. But back then we called it a recession, not an economic downturn; it seems to me we spin a lot of things today.  It's not a recession becau...
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By Mike Kelly
(Sellstate Advantage Realty)
The newspapers say there is "Blood in the Streets!" The evening news says,"It is a terrible market!" The 11 o'clock news says,"Foreclosures are at record numbers!"  There may be some truth to these,  but as someone who is on the front lines, we are busier than we have been in a few years! There are unbelievable deals down here in Cape Coral and Ft. Myers! Prices are down to where they were in 2002 and people who were priced out of the market just a few years ago, are now able to buy! The banks have tightened up the requirements for a mortgage, but we are writing contracts everyday for first time homebuyers as well as Baby Boomers! Just this week alone we had two properties with multiple offers, one home had 11 offers! Inventory although still at an all time high, is declining! The deals...
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By Colleen Pearsall
(Pearsall Properties Inc)
  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 79   Back on Market 9   Price Increases 6   Price Reductions 112   Contingents 20   Pendings 37   Solds 21   Expireds 30   Inactives 11   SELLERS:  Visit my website http://www.colleenpearsall.com/ for a FREE over the net home evaluation. BUYERS:  Visit my website http://www.colleenpearsall.com/ to be the first to know about hot new listings!   Colleen Pearsall 239-458-...
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By Mike Kelly
(Sellstate Advantage Realty)
Today I celebrated another anniversary of the day I was born! I stopped celebrating B-Days a long time ago! My wife found it amusing to call and email everyone that I know and remind them, that today was my b-day! Because she was so thoughtful my phone started ringing at 7:45 this morning and it is now 10:00 PM and for the first time today I have been able to put my phone down for more than a few minutes! I am usually on the phone for 3 to 4 hours a day, so you can imagine what today was like! Quite a few times today I was asked,"Why are you working on your B-day?" I actually had to stop to ponder that question and I realized that I did not feel that I was working. Oh, I am not talking about all the calls I was answering from family, friends, fellow Realtors, clients and business associ...
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By Mike Kelly
(Sellstate Advantage Realty)
I have started to see a trend in our market that is very disturbing! There seems to be agents who are beginning to tell people, what they think they want to hear, instead of the truth! I am talking specifically about listings and pricing! There were always agents who would do anything to get a listing when the market was hot, but it seemed to have stopped as the market was declining! Recently we have seen an increase in this type of activity and I guess it is because we have had an increase in buying activity and these agents are looking for sign calls! These agents are misleading these home sellers by inaccurately pricing their homes and then locking them into a listing contract with penalties for early termination! This is wrong and very unethical to say the least! My experience has s...
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