Stoneybrook, Estero Remodels Clubhouse

Stoneybrook Estero homes and condosIt’s not solely owners who need to keep up with their neighbors, typically it is whole communities making an attempt to keep up. That’s what Stoneybrook in Estero did not too long ago once they renovated their clubhouse.

Stoneybrook, a Lennar neighborhood that began in 1999, began seeing new neighbors move in together with Bella Terra and the protect. The newer communities had fresher, extra fashionable facilities, leaving Stoneybrook behind. Search Stoneybrook Estero real estate for sale.

“People would are available and discover a home they appreciated after which they would cease on the clubhome and say ‘maybe we’ll have a look on the Preserve” mentioned Raoul Grossi, a resident and board member of Stoneybrook.

“It began to look slightly dated,” Grossi continued as he spoke concerning the clubhouse that sits adjoining to the pool. “We determined the place was in need of a face-lift. ”

The group didn’t have enormous finances to work with. They didn’t need to entry its residents or elevate month-to-month dues. So with a $250,000 price range they set off to seek out somebody to do the work. EBL companions took on the challenge.

The 4,000-square-foot construction didn’t have any footprint adjustments. as an alternative new tiles, lights, ceilings, flooring and furnishings made all of the distinction. fashionable rectangular tiles and darkish wooden flooring changed older worn tiles. Pink designs on wallpaper that fashioned a wainscot have been modified to a crisp white painted border as a substitute. Stiff old school chairs had been changed with extra snug seating. An previous storage room was changed right into a library, assembly room, espresso station, and laptop room with Wi-Fi stations. The bathrooms and kitchen have been gutted and completely redone with all new cabinets, counters and different particulars.

“It’s tremendous,” mentioned Peter Austin, who has lived in Stoneybrook since 2000. “It was outdated and turning into dated and wasn’t very enticing. They’ve performed a great job modernizing it. ”

Austin stated he additionally believes it will make Stoneybrook extra marketable as a neighborhood.

“It was simply giving it that recent look,” mentioned Paul Benson, a associate in EBL. “It was simply taking the area that was right here and bringing it to a contemporary state. It had its challenges as a result of of its budget, however this was a very enjoyable mission. ”

Fort Myers Gated Communities.

Gated Communities in Fort Myers Florida

Gated Communities Fort Myers

Gated communities comprise a big portion of the Fort Myers Florida space.  Lots of the gated communities have a guard on the gate, whereas others have a mechanical gate.  The aim of a gated neighborhood is to supply security, and to keep sightseers or others that do no have a reason to be within the neighborhood, out.  Gated communities vary from thousands of residents, to simply a handful.  The bigger gate communities additionally have safety patrols.
A few of Fort Myers bigger gated communities, have gated communities inside the principle gate.  Which means some homeowners have to drive through the principle gate, and then through a separate gate to their subdivision. 
Fort Myers, gated communities began changing in the 1980s, and by 2000 any new group designed to appeal to second residence homeowners, was gated.  In addition to most no-frills communities.  Search Fort Myers Gated Communities.

Florida 55 Plus

Why Florida 55+ Communities?


Florida 55 + Communities You could possibly ask, isn't a group solely for individuals 55+, discrimination?  Not in Florida.

The benefits of a 55+ neighborhood is being around individuals your individual age, heaps of facilities like a clubhouse, health center, pool, golf course etc.   Facilities fluctuate from one community to a another.  Many 55+communities are gated for the residents safety however some are not.

The disadvantages are upkeep fees, larger water and sewer charges than in some areas that aren't 55+ developments, and being around folks who are all of the identical age.    There are sometimes quite a bit of resales within the 55+ communities as a result of folks pass away or transfer again to the place they got here from  to be nearer to family members.  Lots of resales offer the buyer quite a few selections and a great negotiating position.

Search Fort Myers 55+ Plus Communities MLS Search

Home Prices Up

Home real estate prices in the United States continued their increase this July. This is according to the Case-Shiller index. The 20 city index is up 1.6 percent from this prior June. The index of ten cities rose to it's highest level since Nov. 2010. Prices rose in all 20 cities month over month.

 

 

Current Home Sales are at Highest Level Since May 2010

Current home sales rose 7. 8 percent to 4. 82 million in August – the biggest percentage level since May 2010 – this National Association of Realtors reported Wednesday. The median price of an existing single-family home in August was $187, 400, down from $187, 800 last month or over from 171, 200 a season ago.

New Home Permits up in Lee Collier Counties

New construction homes condos Wearing gray helmets and sweaty bright T-shirts, construction workers shoveled dirt this week to develop foundations for a 268-residence community off Imperial Parkway in Bonita Comes. Four miles away on Old. S. 41, workers were doing the same for a $70 million assisted-living community.

And across town off old 41, a Canadian-based builder made plans to build up 220 single-family houses.

Developers and single-family home buyers are time for Bonita Springs and to many parts of Southwest Florida. Permits for single-family homes are up practically in most of Lee and Collier areas, and real estate brokers say time frame inventory is giving developers self-confidence to start building for the very first time since the housing crash.

Historically low interest rates, financing that’s allowing more people to get credit, a rush of all-cash buyers and also a renewed interest from second-home buyers may also be spearheading the return of industry, brokers said.

“One of the big factors in Southwest Florida is we have so many second-home buyers and they’re now needs to sell their homes in the areas where previously that was problems, ” said Phil Wood, president and CEO of John R. Wood Realtors, which has offices from Sanibel Island in Lee County to Marco Island within Collier. “As their real real estate market improves up North, it’s strengthening ours here. ”

About sixty percent of John R. Wood Realtors’ home buyers are purchasing homes with cash.

“Our No. 1 foreign buyer is Canada, ” Wood said. “Canadians did relatively well during the recession. They’re in much better shape to buy homes than the typical American. ”

New Naples Office

Debby Harris is preparing to take a wrecking ball to help her office. One look at Tim Ryan’s new real estate investment office in North Naples and she’s ready to become copycat.

Harris, who has her very own real estate office in Tennessee, visited Naples Realty recently because she is seeking a home in Naples. What she saw amazed her. Instead of narrow hallways and small offices in today's world, Harris walked into a massive, bright open space. She was concluded in tall tables beside a coffee bar. In front of the platforms were big flat-screen televisions that could project a variety of real estate information.

“It was so refreshing to sit in the big table and look up in the big screen, ” Harris said. “My office here is really conservative: wood furniture and closed-door offices. We are always looking on our laptops and turning the laptops towards client. It was so refreshing and bright in that room. I love that office. I’m prepared to rip my desk apart and also tear down walls. ”

After employed by other real estate companies for decades, Ryan struck out on their own six weeks ago and planned to do something different.

“We required something with sleekness, ” this individual began. “Before I would intentionally not meet clients at the job, because it was too official. I used to do company at Panera. I would meet people and sit back and get a cup of joe. ”

He calls his company Naples Realty Cafe. There clients can discover coffee, iced tea and cookies near the tables.

“It’s a different concept, ” Ryan said.

What clients like much more than the snacks is the quick information they will see on the flat projection screens.

Ray Dearchs just purchased a property on Vanderbilt Beach. He said his trip to Naples Realty to see their agent, Eamon Murphy, was wonderful.

“It’s not just the appearance of being technical, it’s the ability to use the media and then limit searches and limit floor plans in seconds. In a few cases tax records, names of individuals who own property, pictures, floor plans, he could bring upward in seconds. He was outstanding. It’s more than just the particular atmosphere. I think they have gone beyond how many other Realtors have done. They use the data in a good way. It’s a much more nice experience. ”

Ryan said it’s not just the office, but the location that he likes. Naples Realty is located next to Trader Joe’s off U. Ohydrates. 41 in North Naples. Ryan said it's a great location because it is near the clientele he is trying to help attract. It is close to help Waterside Shops, Mercato and first and foremost Trader Joe’s.

“I wanted to be here and I didn’t have a very plan B, ” he publicly stated. “Trader Joe’s is exactly that which you are going for. It matches up with your clients. ”

For Harris, she hopes to maneuver to Florida soon and work within the office like Ryan’s.

She said the big-screen televisions made it simple to grasp photos and statistics about homes without gaining her glasses. She liked the way quickly her agent, Steve Barker, displayed the info and she enjoyed the slow paced life.

“I’ve just never seen anything in this way, ” Harris said. “It was one of the most comfortable experience, and I have moved seven times in ten years.

Foreclosures up in August for Lee County Florida

Greater Fort Myers Foreclosures Up

Financial institutions filed 756 foreclosure actions in Lee County throughout August, up from 584 throughout July and 505 throughout August 2011, according to statistics released today through the Southwest Florida Real Est Investors Association.

The many prolific filers were Bank of America NA with 126 lawsuits, JPMorgan Chase Bank with 89, Wells Fargo Bank NA along with 79, Bank of NY Mellon with 62 and also Federal National Mortgage Affiliation with 41. Courtesy of the Fort Myers News Press.
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Population in Collier and Lee Counties Growing

Population increasing in lee and collier counties
The population in Lee and Collier counties is estimated to have increased since 2010, likely due to an increase in baby boomers looking for second homes, retirees moving to Florida, people taking advantage of lower housing prices and a slightly stronger job outlook.
The population is estimated to have grown 3.1 percent in Lee County and 2.6 percent in Collier County from 2010 to 2012, according to census data and preliminary population estimates from the Bureau of Economic and Business Research at the University of Florida.
Fort Myers led the way in Lee County with an estimated 7.3 percent growth from 2010 to 2012. BEBR’s preliminary population estimate for 2012 is 66,835, according to an electronic submission from the Lee County Department of Community Development. That is up from 62,298 in the 2010 census.
“I’m not surprised by the 7 percent,” said Brett Ellis, a partner with The Ellis Team at Re/Max Realty Group in Fort Myers. “That just feels like it could be right.”
Ellis said he’s seen a lot of baby boomers wanting second houses, retirees and people taking advantage of lower housing prices.
The next highest growth after Fort Myers was Cape Coral at 3.8 percent and Bonita Springs at 2.8 percent. In Lee County, only Fort Myers Beach had a slight drop of 0.38 percent. BEBR has contacted cities and counties to verify these numbers and will release its official population study Nov. 1.
“It is a very positive indicator that we are back in the plus column for population growth, and we expect that to accelerate over the next 20 years,” said Jack McCabe, independent housing analyst and CEO of Deerfield Beach-based McCabe Research and Consulting LLC.
He said the growth is mainly due to retiring baby boomers, people taking advantage of lower home prices and foreigners moving into the state.
While McCabe said he wouldn’t attribute the population increase to a growth in jobs, Michael Timmerman, senior associate at the Naples office of Fishkind and Associates Inc., an Orlando-based economic consulting firm, said it could be playing a role.
In January 2010, Lee County had 241,562 people employed. In January 2012, it had 253,704, according to state figures.
During the same period, Collier County went from 127,877 in 2010 to 139,939.
Meanwhile the jobless rate in Lee County fell from 13.3 percent in January 2010 to 9.9 percent in January 2012. In Collier County, it dropped from 11.8 percent in January 2010 to 8.7 percent in the same month in 2012.
In addition to those retiring and looking for second homes, he said there has been some growth in job opportunities — such as seasonal jobs — that could be impacting and benefiting the population.
“Well, any time we’ve got an increase in population, it’s going to benefit across the board locally,” he said.

Commercial Real Estate Development Improving

New construction
It is exciting to see large land sales taking place for new construction. This will help create new jobs when construction begins.
Previously this week, Minto Communities LLC, within Canada, unveiled plans to lead Sabal Bay, a long-planned 3, 300-acre housing project in Eastern side Naples. The multimillion-dollar land sale is likely to close later this year and plans necessitate more than 1, 600 residences, with more than 1, three hundred acres of preserves, lakes along with natural habitat, south of Thomasson Drive.
On Wednesday, LaBelle-based Alico Inc. released its sale of 5, 187 acres near Florida Gulf Coast University in Estero with a local developer, O. J. Buigas, pertaining to $10 million. Part of the deal has already closed, Lee Region land records show.
"People are stepping out and taking a position and perhaps they are doing this because they are purchasing the property at very fair costs. They are seeing there is light at the end side of the tunnel and the longer term is promising, " said Randy Thibaut, a commercial real estate property broker with Land Solutions within Ft Myers.
In the circumstance of Buigas, he's paying a lot less than $2, 000 an acre to the land in Estero, east regarding FGCU between Corkscrew and Alico roadways. Buigas declined to comment about his plans to the property, which are still within the works.
More land sales are expected in the coming months.
"There isn't doubt that the market intended for development has accelerated dramatically. We saw the recent announcement of Minto from Sabal Bay. That's going to become a big deal when it sales closes, " said Ross McIntosh, a new Naples broker and housing professional.
He said other big land deals will soon be closing.
"There can be a sense that the housing marketplace is recovering. Not only perhaps there is a sense, but there is now evidence, " McIntosh said, aiming to increased demand, falling catalog and rising prices.
While Sabal Clean only needs a site plan acceptance, the approval and planning procedure for Buigas' development could acquire years.
The developer will take his time to decide what he'll put on the land, but his plans may include student housing to service the growing Gulf Coast University – and you will find there's chance they could include a football stadium in the event the university ever wants one, stated Woody Hanson, a real estate consultant that is working with Buigas on the project.
"The different alternatives are being evaluated, " he said. "The timeline is whatever timeframe it takes to do this project right. "
McIntosh said the land could well be ideal for student housing since it is within walking distance regarding FGCU.
"Demand for housing near FGCU is among the bright spots, " he stated.
Development is restricted in the spot. Most of the property currently being purchased by Buigas falls right density reduction groundwater recharge place, also known as DRGR, created within the more rural areas of Lee County to defend drinking water supplies. The tougher rules enable one house for every 10 acres of uplands then one house for every 20 miles of wetlands, Hanson said.
Buigas is committed to repairing and enhancing the ecological resources on the site, particularly the water flow, Hanson stated.
"He has the ability plus the intent to reconnect the flow strategies that are now busted, " this individual said of Buigas.
Even with all the strict rules on development, Hanson said he could see Buigas having a cluster of neighborhoods, or villages, that are connected and surround the lakes once employed for rock mining.
Others have tried  to develop the land. The now-defunct Ginn Advancement Co., which planned to develop the site with hundreds of homes and a golf course, but those plans flopped following the red-hot housing market went bust line, starting in 2006.
"I don't think anybody would even understand this property the way Ginn looked at it, " Hanson said. "Mr. Buigas will probably look at the property independent of what others did. "
McIntosh said Buigas is one of just a few local developers who have come through the recession unscathed.
Buigas is the CEO of Private Equity Group LLC, which has developed in excess of 14, 000 acres in Florida given it was founded in 1985. The business has completed more than $2 billion in real estate property transactions, and it has built in excess of 8, 000 homes and 16 stores.
Gary Tasman, founder and exec director for Cushman & Wakefield Professional Property Southwest Florida LLC within Fort Myers, said he's noticed more awareness from developers and investors in land within the last 12 months, which he believes has been spurred partly by low interest.
Courtesy of Naples News. Search BestFortMyersRealEstate for all your Real Estate needs.

New home sales drop in June

New home real estate sales lower in  June, falling to a seasonally adjusted yearly rate of 350, 000, the actual Census Bureau and Department of Housing and Urban Development reported jointly Saturday. Economists had anticipated sales to be up slightly in the preliminary sales document in May. May sales were revised upward approximately 382, 000 in the originally reported 369, 000.
New home sales lower
Both average and median price of a new home fell in June versus May. The median cost was also down from June 2011 while the average price had been up slightly.

June Sales Drop - Home Prices Highest since 2008

Fort Myers and Cape Coral Homes

The National Association of Realtors reported that the median price of an existing single family home rose in June. This is the highest level since September 2008. The gain is the 5th month in a row that prices have gained.

The median price is up 7.9 percent from June 2011. Sales have dropped for the forth time in the past five months. Existing home sales dropped to 4.37 in June 2012 to the lowest level since October 2011.  A sales increase had been expected.

 

Banks Win!

Foreclosure


The foreclosure settlement obviously only benefited the banking industry.


Banking companies are increasingly placing homes with unpaid mortgages on a countdown that might deliver a great deal of new in foreclosure properties onto this market by early 2013, potentially depressing  residence values.


June provided the modern evidence of this specific trend, as many U. S. homes entered the actual foreclosure process for the very first time increased on a annual basis for the second month in a row, foreclosure checklist firm RealtyTrac Inc. mentioned Thursday.


California especially saw a major spike in foreclosure starts, or homes placed on the foreclosure path for the very first time. They increased 16 percent versus June last year, the firm mentioned.


The increase in  foreclosure starts ,happens as banks replace time lost last year as the mortgage-lending industry grappled with allegations it had processed real estate foreclosures without verifying documents.


The nation’s biggest loan officers reached a $25 billion dollars settlement in March with state officers. And that’s cleared the way in which  banks can handle their backlog of unpaid mortgages.  The banks win.

Estero Florida is Growing!

Estero Homes and Condos“It’s a nice brand new community, the Preserve at Corckscrew” Cameratta said. “It’s going to be cost-sensitive with fees. It does not have a golf course so that will help with the fees. The amenities are going to be gorgeous. We have an 8,000-square-foot clubhouse building from the first phase and anticipated completion January or February of following year. We’ll have amenities concurrently with people moving in. ”

Search Estero real estate homes and condos.

The Preserve at Corkscrew may have up to 441 single-family homes on 510 massive areas of land off Corkscrew Rd just two miles east associated with I-75.

Lennar and Pulte will be the two builders in the build at Corkscrew. Each developer is able to offer executive, manor and estate homes ranging in size from 1, 677 square legs to 3, 400 square feet and in price on the low $200, 000s to in excess of $500, 000.

“Estero florida is an excellent area, ” said Matt Deveraux, director of sales and marketing with regard to Lennar. “It’s close to the particular airport, Coconut Point, Naples, Bonita and so much. It’s like Estero may be the heart of Southwest Florida. ”

Deveraux said the Preserve at Corkscrew will target lots of people from families to retirees. He said one of the most beneficial features is that almost every home is going to be on a preserve, lake as well as both.

Josh Graeve, general product sales manager of Pulte Homes, agrees that location can be a top selling point for homes from the Preserve at Corkscrew.

“This Estero spot is exceptional, ” he explained. “It is so convenient on the shopping of Miromar Outlets, restaurants at Coconut Point and Gulf of Mexico Coast Town Center. Also, entertainment associated with Germain Arena, access to the Interstate, the airport and stunning beaches. You simply cannot become more centrally located for everything  southwest Florida offers than this spot. ”

Graeve said another benefit is being in a new community is innovative amenities.

“The homes and floor plans are new and exceptionally laid out and are able to be built to the customer’s personalized choices and preferences, ” Graeve explained.

Cameratta is excited to notice things finally happening on his or her property in Estero.

“There haven’t been too many new communities, ” Cameratta explained. “There hasn’t been much started on the ground up in quite a while. It’s real exciting. The Estero market has been very successful for years.... It’s a great location. ”

Home owners association can sue without shareholder approval

Homeowners Association can Sue
Q: I live in a mobile home park cooperative. Can the board of directors enter into a lawsuit without the approval of the shareholders?
– D.R. (via e-mail)
A: Probably. Except where otherwise limited by the governing statutes, community associations are conferred all of the general powers of Corporations Not For Profit pursuant to Chapter 617. This includes the power to sue or be sued.
With regard to condominium and cooperative associations, there are no limitations in Chapter 718 or Chapter 719, respectively, which limit the ability of an association to bring a lawsuit with regard to any matter. Largely without exception, condominium documents and cooperative documents grant this power to the board. However, you should note that it is possible for the governing documents of an association to require that a unit owner vote be held prior to the association entering into certain types of litigation. Such clauses have appeared with increasing frequency in documents written over the past decade or so, and are primarily geared at protecting the developer against post-turnover claims by the association. The validity of such provisions have not been decided by the appellate courts in Florida.
However, with regard to homeowners’ associations, Section 720.303(1) of the Florida Homeowners’ Association Act, provides before commencing litigation against any party in the name of the association involving amounts in controversy in excess of $100,000, the association must obtain the affirmative approval of a majority of the voting interests at a meeting of the membership at which a quorum has been attained. Accordingly, for a homeowners’ association, a membership vote is arguably required before a lawsuit involving $100,000 or more is brought by the association, although the statute conflicts with a Rule of Civil Procedure on point.
Courtesy of the Fort Myers News Press
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2012 Southwest Florida foreclosures

2012 has brought Fort Myers lower inventory for sale and higher prices. There are many vacant homes that the banks are doing nothing about. Home foreclosures were down and building permits were truly up in Lee County, Florida. Statistics for your year weren't available pertaining to Collier County, but that area suffered less from your real estate crash in comparison with Lee. Lenders filed 10, 669 foreclosure lawsuits in Lee County truly, according to statistics released Monday through the Southwest Florida Real Estate Investors Association. That's lower by more than half the 21, 678 filed during the past year and far below the record 26, 125 foreclosures filed in 2008. The greater Fort Myers area has consistently been in the top 10 neighborhood areas nationally for real estate foreclosures, but Collier has fared somewhat better. In November, as an example, one in every 290 homes in Collier received some type of foreclosure notice, while in Lee County it had been one in 201 homes, according to Irvine, Calif. -based RealtyTrac, an actual estate data company. There are 409 foreclosures filed with December in Lee county, up from November's 343 but still not even half any other month's count throughout the year. The December spike is normal as banking institutions file foreclosures for data processing reasons, said Jeff Tumbarello, director of the association and an agent with Steelbridge Realty. Of more concern, Tumbarello said, is the absence recently of filings by Standard bank of America and JPMorgan Chase, big national lenders with accounted for a major share of the foreclosures lately. Foreclosures were down along with building permits were truly up in Lee County. Up to now, so good was this consensus of local real estate investment industry experts, who warn that 2011 won't bring a quick transformation. Steve Koffman, a real estate investment broker with Century 21 years of age Sunbelt in Cape Reefs, said he doesn't expect foreclosures to go away anytime soon, but the worst is probably more than over. "I think we're about to continue to see foreclosures be part of our market for a couple of years, " but not in the record pace of a few years ago. Lenders filed 10, 669 foreclosure lawsuits in Lee County truly, according to statistics released Monday through the Southwest Florida Real Estate Investors Association. That's lower than half the 21, 678 filed during the past year and far below this record 26, 125 with 2008. "They could be done" filing major variety of foreclosures here, or they could simply be holding off until they resolve paperwork conditions have plagued the industry recently. On Monday, Bank involving America reached a $2. 8 billion dollar settlement with Fannie Mae along with Freddie Mac over claims that Countrywide Financial, right now owned by Bank involving America, sold Fannie and Freddie home loans that had incorrect info on the income and different qualifications of borrowers. A number of loans went into default along with helped fuel the monetary meltdown. "I think financial institutions are coming around, getting to the point where they're negotiating on a businesslike approach, " said Kevin Jursinski, a Fort Myers-based attorney who negotiates with banks for people facing foreclosure. Even now, he said, there's a massive backlog of real estate whose owners are in default but haven't been foreclosed on. There's a dependence on the court system in order to push more mediation programs where borrower and lender gather to solve their issues without dealing with with foreclosure, Jursinski said. Also, he said, before the local economy improves there's no way for the foreclosure situation to improve permanently. "It's history which foreclosures and defaults stick to falling employment. Some people cannot hold on any lengthier. " Tumbarello said the fraction of homesteaded residences staying foreclosed on, has gone up steadily from about 30 % four years ago in order to 55 percent now. That means the wave of foreclosures is currently hitting more local inhabitants -after having washed away a great number of speculators who had anticipated to churn properties pertaining to quick profits. In a separate report also released Monday, Lee's Department of Area Development said builders ripped 19 permits for single-family homes in December in the unincorporated the main county - bringing this year's total to 384, a new 16 percent increase via 2009's 331. Bob Knight, vice president and component owner of Paul Houses in Cape Coral, said he's mixed thoughts about what happened in turbulent 2010. "Last year is what we call a bittersweet yr, " Knight said. "There seemed to be some momentum the first the main year and then this oil spill comes. Then you definately have the economy; people need to get over that. Then most of us got the elections guiding us, and we're realizing there's more of any middle ground that's been achieved. I feel yesteryear six weeks, people are beginning to go out, go in order to restaurants, spend a little money rather than hanging around waiting for your end. " Now, Knight said, he's hearing from plenty of retirees who want to reap the benefits of low property and construction costs to develop in Lee County. The actual increase in permits staying pulled for homes is heartening, Knight said, even though the volumes are still paltry when compared to boom. "You have to get started on somewhere, " Knight said. "You cannot take apart land that's on water and this also lifestyle that we reside here. ".

Homes without Pool Cages

A little waterfall cascades into a crystal-clear swimming pool. Below the 4 feet of water not a leaf can be seen. Standing around the pool in the sticky summer there are no bugs. Yet this pool and many others like it have no pool screens.
Screenless lanais are becoming a trend in upper end homes in both Collier and Lee counties.
“For the last seven to eight years 90 percent of our homes are without pool cages,” said Dan DiComo, head architect for London Bay Homes.
Residents like the unobstructed views and the open architecture. Now with new technology in bug control and attention to what plants and trees are nearby people can have their pools in the open without the typical problems.
“It’s this view,” DiComo said as he walked through a home at Grey Oaks, pointing to the view from the living room that stretches to the pool and beyond to the golf course. “The outdoor area is like part of the inside of your house. It’s all view.”
One of the reasons many people screened in their pools was to keep the bugs away. But DiComo said there is a better way.
“We use natural pest control,” he said.
DiComo designs the homes with a sprayer built into the gutters and plant beds. Twice a day the sprayers mist a natural spray such as chrysanthemum that repels bugs.
Another problem to overcome is leaves in the pool. DiComo said this is solved by planting trees and bushes that don’t shed much.
“We pay attention to what we plant,” he explained. “Pygmy palms work well because they don’t drop a lot and when they do it’s a palm frond.” We have plants that don’t make a mess.”
Another invention helping the trend is roll-down screens. Many of the lanais are designed with shaded sections near the pool. Under this roofed section are outdoor kitchens and posh patio furniture. Wide archways keep this area cozy while not limiting the view. At the push of a button screens roll down in that section, giving residents the extra protection when needed.
“It’s kind of the best of both worlds with the roll- down screens,” DiComo said. “I think the retractable screen relieves any reservations.”
Search for homes and Condos in Fort Myers

Minnesota Springs Training Agreement with Lee County

Minnesota Twins Fort MyersA number of Lee County commissioners Tuesday approved a way to take care of the Minnesota Twins without discussing the debts that will join it.

County staff has been meeting with the Twins for a few months to go over upgrades to Hammond Stadium, but the changes and their price haven’t been revealed towards the public.

The unnamed upgrades, however, were the ballclub’s “primary inducement” for agreeing towards the 30-year lease, that will begin once design is completed, based on the lease agreement.

Commissioner Brian Bigelow voted against  the contract.

“Where is the assurance that there is ample revenue by way of our tourist tax to be able to fund this? ” Bigelow claimed. “We don’t understand how much this cost and therefore we can’t test whether our revenues may meet it. ”

Whilst stadium upgrades might typically be specific before a let agreement is signed, Assistant County Supervisor Doug Meurer said the likelihood of a $500,000 a year state grant created urgency to the procedure.

A new lease agreement was required to apply for this grant by This summer.

Commissioners said five months ago they desired to pursue the express grant. In November, the county paid out a consultant to look at stadium upgrades for your Twins.

Meurer declined to reply to the approximate costs with the upgrades. He said local staff is working together with some prices and would learn to share some details with commissioners rapidly.

County staff is trying to see a deal that can bring the Washington Nationals to play spring training from City of Palms Park. The venue was abandoned by the Red Sox following your 2011 season. It’s unclear how much improvements will cost.

Commissioner Ray Judah voiced support for your Twins lease, possible state money plus the tourist spending, he says, they can create.

“The money is important to help retain the Minnesota Twins at the 20-year-old facility our staff has kept in extremely quality condition, but nonetheless needs improvement to guarantee the Minnesota Twins stay competitive for the field to produce that quality product that they do year within and year out there, ” Judah claimed.

Commerical Purchase on Gladiolus in Lee County

John White, director associated with KW Commercial New mexico, negotiated the obtaining and sale of the 10-acre property at 9901 Gladiolus in Fort Myers with regard to $2. 3 million dollars to Tegal Gladiolus Inc. The vacant property is zoned as Commercial Planned Improvement and approved for a maximum of 29, 999 sq feet of retail store space and 128, 000 square feet of a workplace; or 29, 999 sq feet retail, seventy eight, 000 square feet office along with a 120-room hotel. This was the 1st investment in the United States by the purchaser.  The international corporation has offices located in London, Berlin and Cyprus.

 
Fort Myers Real Estate
Fort Myers Real Estate prices are up. The median price of a single-family home in Lee County sold with the assistance of a Realtor was $124,000 in March, up from $120,000 in February, according to statistics released by Florida Realtors.

There were 1,278 single-family homes sold in the month, up from 988 in February.

The National Association of Realtors said Thursday that home sales fell 2.6 percent last month to a seasonally adjusted annual rate of 4.48 million. That followed a revised 4.6 million sold in February.

Local statistics comparing year-over-year sales and median prices weren’t available because Florida Realtors since January has been using a different methodology to calculate those numbers.

In March 2011, Florida Realtors reported the median price was $101,900 and the number of sales was 1,641. Those numbers were compiled using a different methodology, however.

Brett Ellis of Remax Realty Group said March was a good month for residential real estate.

“We’ve had strong demand and the inventory is not great,” he said. “It feels like this market’s been cherry picked. We’ve had strong demand in the season, with some properties coming onto the market but not as many as are leaving the market.”

Nationally, Americans bought fewer previously owned homes in March, a reminder that the housing market remains weak.

A mild winter may have encouraged more people to buy earlier, essentially stealing sales from March.

More purchases in January and February made this the best winter for sales in five years. The increase offered some encouragement ahead of the spring buying season.

Even with the gains, sales remain far below the 6 million per year that economists equate with healthy markets. And the weaker March figures suggest any momentum from the winter has stalled, said Dan Greenhaus, chief global strategist at BTIG in New York.

“We are most certainly not set to declare that the housing recovery is over but a strong start to the spring selling season is simply not in the data,” said Greenhaus.

There were some signs of modest improvement.

First-time buyers, who are critical to a housing recovery, rose to 33 percent of all purchases last month. In healthy markets, they make up at least 40 percent.

The supply of homes on the market fell 1.3 percent last month to 2.37 million. A decline in the supply typically encourages more people to put homes up for sale. That generally improves the overall quality of the homes on the market, which drives prices higher.

And the number of homes at risk of foreclosures declined, making up 29 percent of sales. That’s down from 34 percent in February but still high. In healthier markets, foreclosures typically make up less than 10 percent of sales.

Nationwide, the median sales price of homes rose for the second straight month in March to $163,800.

— The Associated Press  and Fort Myers News-Press also contributed to this report.
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Lee County Home prices up and Sales down

Greater Fort Myers Real Estate
Article Courtesy of the Fort Myers News Press.
Prices for single-family homes popped up in Lee County in February as the number of sales fell, according to two real estate agents who crunched the numbers.
The National Association of Realtors said Wednesday that U.S. home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 4.59 million. That’s down from a revised 4.63 million sold in January — the highest level since May 2010.
But the official local numbers that Florida Realtors has provided since 1994 were nowhere to be found.
Starting in January, Florida Realtors changed its method of processing the information and started providing only its statewide numbers publicly.
Local real estate boards were free to release all or some of the information if they wanted to.
On Wednesday, Florida Realtors’ metro area statistics normally would have been released an hour after the National Association of Realtors’ national numbers.
By Wednesday evening, no local reports were forthcoming.
But Brett Ellis of Remax Realty Group and Michael Polly of Royal Shell Real Estate both provided their own statistics.
Ellis said there were 1,108 sales in February compared to 950 in January and 1,297 last February.
Polly said there were 941 sales in February, 828 in January and 1,106 in February 2011. He gave the median sales price as $120,000 in February, $105,000 in January and $91,525 in February 2011.
The rising prices resulted from a slowdown in the number of inexpensive foreclosed homes coming back on the market, Polly said.
Ellis said foreclosures may pick up again after being cut back by legal problems with paperwork and ownership of the note over the past two years. “I’m talking to lenders who tell me there are more foreclosures coming.”
Polly said the median price likely will keep going up as buyers put more pressure on mid-priced homes now that the under-$100,000 inventory is largely gone. “If you can get in south Fort Myers for $165,000 that’s great. But even that’s dwindling.”
Statewide, the median sales price for a single-family home was $134,000, up 7.2 percent from February 2011. There were 14,270 homes sold in February, down 4.8 percent from a year earlier, Florida Realtors reported Wednesday.
Nationally, home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 4.59 million. That’s down from a revised 4.63 million sold in January — the highest level since May 2010, the national association reported.
The last three months have been the best for winter sales in five years. A mild winter and a stronger job market have helped boost sales ahead of the all-important spring buying season.
Even with the gains, sales remain below the 6 million that economists equate with healthy markets. And the makeup of those sales still signals a troubled market.
— The Associated Press contributed to this report - Search Greater Fort Myers Real Estate

Fort Myers area Real estate market is improving

Fort Myers Area Real Estate

Article courtesy of Fort Myers News-Press.
We’ve all got the bruises and the scars,” commercial real estate broker Randy Thibaut told the audience Thursday night at The News-Press Market Watch real estate symposium. “But I’m here to tell you, it’s time to start smiling again.”
That was the theme of the night at the annual event at Harborside Event Center in downtown Fort Myers, where real estate authorities take a look at the previous year’s trends and make predictions for the year ahead.
Thibaut — owner and founder of Land Solutions, which handles the sales and development of large parcels of land — was talking about a steady recovery in the new-home construction industry over the past year and a half.
“The gap between new home construction and resales is shrinking,” he said: $100-130 per square foot for a new home vs. $80-90 for an existing home.
It was the cheeriest Market Watch since the real estate market imploded at the beginning of 2006 at the height of a wave of speculation that drove the median price of a single-family resale to a record $322,300 in December 2005.
The median was $115,000 in January, according to Florida Realtors statistics — although the group debuted a new industry data.
“Greed, that was what drove our market” at the height of the boom, said Denny Grimes of Denny Grimes & Company at Royal Shell Real Estate.
Now, he said, the market is driven by confidence: prices are rising and 20,175 residences were sold in 2011: third best of all time next to 2009 and 2010.
The supply of unsold homes on the market shrank sharply, especially for the low end, Grimes said, noting that there are now only 683 single-family listings on the market compared to 4,220 two years ago.
Six years ago, as the boom was cresting, there were only 12.
Grimes drew applause when he said a tight market for homes would reignite the home-building industry.
“That’s good news, that’s going to put builders back to work again,” he said. “Our inventory is what it was a month before the peak.”
The only fly in the ointment is the difficulty buyers have getting financing, Grimes said. “If the appraisers don’t get you, the underwriter will.”
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Fort Myers Area Home Prices Skyrocketing!

Fort Myers area home prices ended 2011 with a boom as the median price of an existing home shot up 36 percent in December to $123,400 from a year earlier.

The median price for the year was $107,100 — up 15 percent from $93,400 in 2010, according to statistics released Friday by Florida Realtors.

Meanwhile, the number of sales declined 3 percent from 1,298 to 977 in the same time period, said the report, which tracks homes sold with the assistance of a Realtor.

A separate report released Friday by the National Association of Realtors said home sales nationally rose in December to the highest pace in nearly a year.

Comparable figures were not available for Collier County.

Lee County’s sharp increase in home prices likely was due in part to an increasing number of more-expensive foreclosed homes coming on the market while the inventory dwindled for the low end — mainly short sales or homes taken back by lenders in foreclosure, said Brett Ellis, head of The Ellis Team with Re/Max Realty Group in Fort Myers.

Also, he said, demand in recent months has been strong. “We started seeing snowbirds come down as early as October.”

One prospective homeowner said the competition is brisk if you’re looking to buy.

“The biggest frustration for me has been how long these short sales take to go through,” said David Sandridge, 45, who’s renting now but wants to buy a house for himself and his two sons.

Another obstacle, he said, is the large number of investors who make cash offers that are hard to compete with for someone who needs a mortgage.

Brad Hunter, chief economist for Metrostudy, which tracks subdivision sales in Southwest Florida and other areas, said new homes are seeing a slight resurgence as well.

He noted that a few builders are actually raising prices a little — including Pulte Homes in its Verona Walk community in Naples.

Nationally, sales increased 5 percent last month to a seasonally adjusted annual rate of 4.61 million, the best level since January 2011 and the third straight monthly increase, according to the national association’s report. Courtesy of the Fort Myers News Press.
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Resale of Foreclosed homes Slowing


The number of foreclosed homes coming back on the market for resale by lenders in Lee County was down sharply as 2011 closed while housing prices rose — good news for builders hoping to be competitive in price with existing homes.
A glut of foreclosed homes following the implosion of the real estate market in 2006 pushed prices down sharply for existing homes. Builders found themselves unable to compete with the low prices and the number of houses being built went from more than a thousand in 2005 to about 100 at present.
In December, 23 permits were issued in Cape Coral, six in the unincorporated county, three in Sanibel and 10 in Bonita Springs. Numbers weren’t available Tuesday from Fort Myers and Fort Myers Beach.
Meanwhile, the median price of an existing home in the county with the assistance of a Realtor was up as the year ended: $106,300 in November, up 20 percent from $88,500 a year earlier.
From modest homes to mansions, prices inched up enough to make the price of new construction roughly equal to that of an existing home, said Jeff Tumbarello, director of the Southwest Florida Real Estate Investment Association, which issued a report Tuesday on the 2011 foreclosure and real estate market.
“Go try to buy a million-dollar house and see what it costs to buy a lot and put the same house on it,” he said. “It’s almost the same.”
The number of foreclosure lawsuits filed actually bumped up in 2011: there were 586 filed in December compared to 423 a year earlier.
But fewer foreclosures were resulting in actual judgments followed by public auction sales: there were only 293 in December compared to 582 a year earlier.
That was a result of a slowdown in the judicial system’s handling of foreclosures as the so-called “Rocket Docket” — a speeded-up procedure for pushing those cases through the courts — came to an end mid-year, Tumbarello said. Article courtesy of Fort Myers News Press. Search Fort Myers Area Real Estate.