Snowbirds find a sunny place for business
Naples, FL - March 27,2013 - It starts during spring break or a hastily scheduled winter escape. Minnesota entrepreneurs land on a far-flung beach to spend their vacation soaking in rays and margaritas. But as departure closes in and thoughts of returning to snow and cold disturb the calm, the thought bursts forward like a wave runner:"why notgo into business right here"....
ORLANDO, Fla. – March 21, 2013 – Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a reduced inventory of homes for sale in February, according to the latest housing data released by Florida Realtors®.
“Each month brings more positive signs for the state’s housing market,” says 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “For example, February is the 14th month in a row that statewide median sales prices for both single-family homes and for townhouse-condo units increased year-over-year, according to Florida Realtors’ data.
On Bloomberg, Real Estate Consultant John Burns If mortgage rates stay at 3.5% for several years, I believe home prices will skyrocket. Potential home buyers can purchase a 34% more expensive home today than they could at the end of 2008. With supply now dwindling, it is a seller’s market, and price appreciation is only limited by what people can afford to pay every month.
Lesley Deutch of John Burns Real Estate Consulting reports that "Florida is on fire." Deutch listed five points (we abbreviate):
1 Land Prices are rising rapidly. "In some submarkets, land and finished lot prices have now surpassed peak levels."
2 Home Prices are rising rapidly. "In markets like Orlando and Naples, new home prices are increasing approximately 1%-2% per month in many communities. Lotteries are back."
3 The Active Adult market is back. "In Southwest Florida, builders are reporting a 20%-25% increase in traffic and sales over last year (which was a very good year!)."
4 Foreign buyers are helping the market. "Foreign buyers are not limited to the condos in Miami anymore. In Orlando, a large influx of foreign investors-typically paying all cash-have helped the market recover and are driving up demand and prices in the region."
5 Foreclosures are declining. "Since Florida is a judicial foreclosure state, the time it takes for a foreclosure to occur is considerably longer. But the banks are slowly releasing the foreclosures, and the large number of investors in the state are buying them as quickly as possible."
Despite all of the current excitement, Deutch believes prices can go much higher as affordability continues to be very favorable to buyers. Even if he is overly optimistic, prices are rising.
In the Naples Collier County market prices continue to rise as inventory stays low. Properties, especially near the beach, are selling faster and closer to the asking price, especially if they have been recently updated. In Bonita Springs and Fort Myers transactions and pending sales continue to rise over past seasons, however, it appears it still might be a buyers market in Lee County.
If you are thinking about buying a vacation home or permanent residence in the Naples-Bonita Springs area then take advantage of my background and experience. I can help find the perfect home at the right value that best meets your lifestyle and budget. My past experience in analysis and negotiations has helped many of my customers find just the right place and stay within their target range.
More than half my customers come from Canada as they have realized that with today's prices there has never been a better time to look.
When it comes to listing a property the key is to price it right early to meet the current market conditions. My marketing and advertising message is key to your success and my communication skills are second to none.
Take advantage of this website...come back often to search for coastal properties ...find the golf courses for you...or locate the best beaches.
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If you are not enjoying the conditions where you currently are then come to sunny Southwest Florida and take advantage of our sunny days and balmy nights and spectacular weather.
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