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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