Village of Estero Florida


Estero Florida Real Estate
The Village of Estero will become Southwest Florida's ninth municipality at midnight Wednesday, but don't look for Estero leaders to be popping bottles or celebrating.
The Estero Council of Community Leaders, which fueled and funded the community's cityhood movement, has decided not to host a celebration on the historic night. The group felt it did its celebrating Nov. 4 at the Elks Lodge in Estero as hundreds of residents showed up to honor the 86 percent vote for incorporation.
Also, the start of Estero's city is a time element with no significance. Estero's first council needs to be elected before any services can be altered, and Estero's first city election won't be until March 3. So nothing will change for Estero residents at midnight Wednesday. Lee County will continue to provide all of its services to Estero residents until Estero's first Village Council meeting on March 17.
"All of the county services we now get as an unincorporated area will continue through the good part of the year," ECCL board member Roger Strelow said. "So it's not like the council will suddenly have tasks to do at midnight Dec. 31. The whole support network we have with Lee County will continue to be there. We have always said we want to work out an interlocal agreement with the county to continue those services for a year or two."
Estero's city charter calls for a government-lite system where most of the city's services are contracted out. Estero leaders would like to contract services, such as parks and recreation, zoning, transportation, to Lee County. Estero Real Estate has been rising in price.
One of the first things Estero's city council will have to do is negotiate deals with Lee County to contract those services. The Lee County's sheriff's patrols of Estero will be unchanged because the sheriff is independent from the Lee County government.
Instead of celebrating the start of their new municipality, Estero leaders will be spending their time preparing for the transition to cityhood. For the last several months, the ECCL has been working on a "transition book" it plans to hand off to Estero's first city council.
The transition book will list Estero's top issues and recommendations for the city's first ordinances. Estero leaders are doing research on what ordinances new cities filed in the early years. They're also talking with former city managers to help make the transition easie


Home prices continue their upward Trend



The median price of an existing single-family home in Lee and Collier counties increased sharply in October compared to a year earlier.
In Lee County, the median rose 17.3 percent from $157,000 to $184,175, according to statistics released by the Realtors Association of Greater Fort Myers and the Beach.
Collier County's median increased 20.1 percent from $279,000 to $335,000, according to the Naples Area Board of Realtors.
Fort Myers-based real estate broker Denny Grimes of Denny Grimes & Co. said that even with such a robust surge in prices, he doesn't see the danger of a bubble similar to the last boom's over-heated market in 2005.
"It would take annualized increases of 20 percent for five years to get us up into the territory where we were (at the peak of the boom)," he said. "We're not even close to a danger bubble."
The rate of increase in prices is actually slowing, Grimes said, but the market will stay strong this winter with omens such as six feet of snow in Buffalo, N.Y., last week. "We are poised to have a very, very good season."The median price of an existing single-family home in Lee and Collier counties increased sharply in October compared to a year earlier.In Lee County, the median rose 17.3 percent from $157,000 to $184,175, according to statistics released by the Realtors Association of Greater Fort Myers and the Beach.Inventory in both markets stayed tight with Lee's falling 11.8 percent from 5,847 active single-family listings to 5,157. Collier's increased only slightly: from 2,070 to 2,075.Grimes said that with relatively few homes for sale and a strong contingent of buyers, the market is strong but "there's no frenzy. They're engaged but they're not irrational."Condominium sales fell 3.1 percent in Lee County from 486 to 471 while the median sale price increased 3.5 percent from $157,500 to $163,000. Article courtesy of Fort Myers News Press.

Southwest Florida Real Estate Trendz

It's steady as she goes for Southwest Florida's real estate economy as it slowly recovers from the recession, the three presenters for The News-Press Market Watch say in their third-quarter review of the area's real estate economy.
Among other trends, there's been a steady resurgence of the commercial sector, which fell hard about two years after the 2006 implosion of residential construction.
The presenters — Randy Thibaut of Land Solutions Inc., Denny Grimes of Denny Grimes & Co. and Stan Stouder of CRE Consultants — examine how each quarter has treated the real estate sector.
This is the latest quarterly report in Sunday Business to keep our readers on top of recent trends in real estate. The News-Press holds its annual Market Watch presentation every year in February – this year's date is Feb. 25.
Stouder said commercial's comeback is an "echo" of an earlier residential revival that reflects the central role that home building plays in the local economy.
"When people start buying houses, people in all sectors go back to work," he said: "lenders, title, air conditioning contractors, drywall, plumbing, electrical contractors. All those guys now need space."
Newly flush residents are also fueling a wave of construction of new retail space such as the Harley-Davidson and Audi dealerships at Daniels and Interstate 75 in south Fort Myers, Stouder said.
The balance of supply and demand for the residential market itself is remarkably stable, Grimes said. "You think it's stuck, it's not moving. We're probably as rational as we've ever been. The Fort Myers Real Estate market as a whole is predictable, almost boring."
Thibaut, who specializes in large sales of land for residential development, says the first wave of that market was fueled by builders who had the foresight to buy land cheap at the bottom before things got going again.
Now, he said, there's a leveling off of big land sales as sellers realize construction is back and they don't have to sell for a song.
Gary Jackson, economist and director of the regional Economic Research Institute at Florida Gulf Coast University, said the overall picture is favorable nationally with employment and manufacturing on the rise. "I expect the economy to continue to recover."
That's crucial for Southwest Florida with its reliance on out-of-towners to buy homes and come here as tourists. "Our economy is very dependent on what's happening nationally and internationally."
Connect with this reporter: @DickHogan (Twitter).
Commercial real estate
There are a lot of positive points to make about commercial real estate, but before getting into the local market, let's look at what is happening nationally.
A consensus survey composed of 43 experts representing 32 of the U.S.'s leading real estate investment, advisory and research firms was convened by the Urban Land Institute and EY Real Estate. They predict that U.S. Commercial Real Estate (CRE) will see a steady strengthening with solid but not spectacular returns. Their sentiment was that things feel very good and there's plenty of price and rent growth left. Overall global economic growth is creating anxiety but the U.S. remains a strong haven for cross-border investment. Some key findings from the ULI/EY Real Estate Consensus Forecast include the following:
• Commercial property transaction volume will grow, although at a declining rate, and exceed 2006 volume, which was the second highest pre-recession annual volume, by 2016 to $445 billion.
• Commercial property prices are predicted to nationally increase by 10 percent in 2014. Price increases will then moderate to 6 percent in 2015 and 5 percent in 2016.
• Vacancy rates are expected to fall modestly for office, retail and industrial properties.
• Rent increases for all property types are projected to rise by 3 percent in 2016.
• Single family housing starts are projected to increase to 912,500 units per year by 2016, remaining below the long term annual average.
Here in the Southwest Florida commercial real estate market we are seeing through the end of Q3 2014 market activity consistent with the above national forecast.
• The office market has already absorbed nearly as much square footage by the end of Q3 2014, 312,000 square feet, than the office market absorbed for all of 2013 (355,400 square feet) with rents stable to increasing.
• Distressed sales (REO) of office property in Lee County Foreclosures are now at a negligible level dropping from 17 in 2013 to just four as of Q3 and only two in Collier and one in Charlotte counties.
• Industrial vacancy overall in the region has dropped with Lee County seeing its vacancy drop most appreciably from 15.6 percent at the end of 2013 to 11.7 percent at the end of Q3 2014.
• The industrial market has already absorbed more square feet (599,300) by the end of Q3 than in all of 2013 (557,900).
In the retail market, the centers with more national tenants have the lowest overall vacancy at 9.7 percent. These are called Power Centers as opposed to progressively smaller Community Centers 10.5 percent or Neighborhood Centers 12.7 percent.
The number of commercially zoned land sales continues to be as robust in 2014 as they were in 2013. Charlotte County has already had 51 transactions as of Q3 2014, compared to 35 for all of 2014, albeit at the same $1.43 per square foot median price.
The median sales prices for commercial land continues to show dramatic disparity increasing as one goes south, from Charlotte at $1.43 per square foot, to Lee at $2.14 and Collier at $8.83.
If residential real estate development creates the boom, then commercial real estate is its echo. It will be interesting to see how many residential units get absorbed through this coming season as it, though to a lesser extent than in years past, is a harbinger of the ongoing sustainability of this commercial real estate recovery in Southwest Florida.
It is so nice that once again things do indeed feel good in the Southwest Florida commercial real estate market. Will it speed up or slow down? How will this affect you? Clues to those answers await you on Feb. 24 at the 15th annual Market Watch. As you can see, we've already begun preparing. You are invited. Won't you join us? Courtesy Fort Myers News Press.

Estero - Hertz World Headquarters Topping Off


Hertz Headquarters
Topping off the Hertz Building
It's up and it's good.
Hertz, Estero, Fl placed the final beam in its worldwide headquarters building Thursday afternoon during a "topping off" ceremony. The final beam marked completion of the building's frame and means work will transition to filling in the structure.
"This is an important milestone, putting the final beam in place," said Richard Broome, Executive Vice President of Corporate Affairs and Communications. "There have been no glitches so far and everything is going according to schedule."
Before the ceremony, Hertz employees and workers from contractor Turner Construction signed the ceremonial white I-beam emblazoned with the company's logo. A potted palm tree and an American flag also adorned the steel beam as it was lifted three stories skyward, while a crowd of about 80 looked on.
Hertz broke ground on its new worldwide headquarters last year and began vertical construction in May. The three-story glass complex, located at the corner of Williams Road and U.S. 41 in Estero, is expected to be complete by October 2015 and everything is — so far — on time, Broome said.
Next month, the company expects to open a 50-space car sales lot located on the 34.5-acre campus. Workers will also begin constructing a four-story garage. The company is spending more than $70 million on the new campus. Article courtesy of News-Press

Lee County (Fort Myers) Foreclosures Drop


Lenders filed 187 foreclosure lawsuits in Lee County - Fort Myers Area - in June – 52 percent down from 362 a year earlier, according to statistics released today by the Southwest Florida Real Estate Investors Association.
June's number was down just one from May, and a continuation of a string of low numbers following a slow decline from the deluge of foreclosures filed following the implosion of home prices starting in early 2006.
Foreclosures hit a peak of 2,665 in October 2008 as home owners and investors alike walked away from houses no longer worth their purchase price.
The report also noted that 317 certificates of title were conveyed for buildings in foreclosure in June, down from May's 340 but still more than the number of new foreclosures. Click here for all your Fort Myers Real Estate Needs!

Tortuga - Don't buy -Taylor Morrison

I made the mistake of moving into the Tortuga development in South Fort Myers.
It took  the builder Taylor Morrison 4 months to fix a shower door that could have been exchanged within days.
Think about how you would feel after a Jack Hammer has been going for many, many hours. Before you buy from Taylor Morrison, think about it. Talk to those that live there.
After living here about 7 months Taylor Morrison decided to put new tile through out the upstairs unit. Oops, no they don't have a permit.

Taylor Morrison is also the builder at Lucaya and several other communities.

Moody River Estates

Moody River Estates
Low HOA in this gated community
Moody River Estates is located near Cape Coral in North Fort Myers.

The HOA charge for Moody River Estates is among the most reduced in the range and spreads a substantial show of administrations. Enhancements incorporate watering system, landscape support, outer surface vermin control, resort-style warmed swimming pool and spa, clubhouse and group room, billiards, wellness focus and that's just the beginning. A group pontoon launch gives access to the Caloosahatchee River and the Gulf of Mexico. Search Active MLS Listings in Moody River Estates.

The 12 accessible home plans offer living space from 1,803 to 3,553 square feet, valued from the low $200s. Models incorporate the Edison, with three rooms, sanctum, two showers and two-auto carport at 1,983 square feet of living space. The Hawthorne offers three rooms, lair, three showers, and three-auto carport with 2,583 square feet of living space. The Newport model is roomier still at 3,552 square feet and two stories, with five rooms, four and a half showers and a three-auto carport.
D.r. Horton's Southwest Florida Division has sold 88 homes to date at Moody River Estates,. a gated group on Hancock Bridge Parkway in North Fort Myers. The group is eight minutes from the notable River District and five minutes to Cape Coral and is placed inside the Lee County School District. 

Luxury Gated Communities



I thought you might find this article on deluxe gated communities of interest.
A private polo field? A spot where pet ostriches and llamas meander? To most, they sound like the trappings of a lord. Anyway to members of the most exclusive gated communities, special perks like these are getting standard. "Buyers are not just purchasing a house, they're purchasing a lifestyle," said Dana Olmes, an operator with Ewing and Associates Sotheby's International Realty in California. "I have clients who get their youngsters on horseback."
Search Fort Myers Gated Communities
These days, the decently heeled and the well-known are rushing to gated communities. Justin Bieber is supposedly staying in one thus is Jennifer Lopez. Keeping in mind most of the posh hamlets listed here accompany unrestrained prices, some were singled out for their exceptionally sought-after locations, amenities or set number of estates. Be that as it may all the properties here are exclusive in some way, and offer what Jeffery Biebuyck, an estate executor with Ewing and Associates, calls the three P's: security, assurance and prestige.

Established in the mid 1880s, Tuxedo Park in Orange County, N.y., has since a long time ago offered white-gloved respite from the outside world. It's the place the tuxedo coat was first presented in America and where Emily Post drew inspiration from manners she observed while living there, as per the book "Tuxedo Park: The Historic Houses." It notes that Wall Street titans, looter barons and scions of blue-blooded frontier families who existed there "made the group synonymous with high society living in the first three decades of the twentieth century."

Today, the 2,600-section of land gated enclave, situated some 45 minutes from mid-town Manhattan, boasts exceptionally old trees, three pristine lakes, a 18-gap fairway, and various Gilded-Age mansions designed by well-known architects of the day. "Most homes in gated communities have a striking resemblance" said Cindy Booth, manager of Towne & Country Properties Sotheby's International Realty. "Yet in Tuxedo Park, no two properties are even remotely similar."

Across the country, the California coast—with its perfect climate and density of riches is a bastion of first-class gated neighborhoods. Shrouded Hills and The Oaks, in the western foothills of the San Fernando Valley in Los Angeles County, are the cream of gated living. "There is very much a buzz as of later with celebrities, worldwide and West Side Los Angeles buyers coming into the territory to purchase in gated communities," says Biebuyck, a neighborhood luxury land operator.

The Estates of the Oaks, a ultra-exclusive enclave of about 55 homes inside the gated Oaks group in Calabasas is home base to various A-list types. Justin Bieber purportedly purchased a five-room, $6.5 million home there that includes a motion picture theater with stadium seating. Kourtney Kardashian and members of Michael Jackson's family also call the Oaks home. Shrouded Hills is base-camp for Jennifer Lopez. Amenities at her disposal there incorporate three riding arenas, a rival size swimming pool and a 99-seat performing arts group focus.  Beautiful Gated Communities in Fort Myers

Gated and walled residential communities are as old as city-building itself. The earliest gated residential communities in the U.s. date to the 1850s, yet it was throughout the Country Club Suburb period in the early 1900s until something like 1929 when they started to multiply. "They were designed as self-held suburban utopias," said Charles A. Birnbaum, author and president of The Cultural Landscape Foundation, a non-benefit based in Washington. "It was similar to living in a recreation center," Birnbaum include

Fort Myers Area Home Prices on Fire!


homes

Fort Myers area home prices haven't been this hot since 2008.

The average cost for existing single-family homes in Lee County arrived at $200,000 in April, a 8.1 percent expansion contrasted with April 2013 and a $15,000 increment from March 2014, as per the Realtor Association of Greater Fort Myers and the Beach.

The average value hasn't been above $200,000 since March of 2008 when it was at $205,000.

"The lodging market in Lee County has truly recouped," said Karen Swanbeck, association president. "We're back now."

Stock is low and higher-valued homes — those taking a toll $250,000 or more — are offering. Interest is high, and Swanbeck isn't foreseeing a drop off in the average cost.

"We anticipate that sunny season will be solid," she said, including that now is an incredible time to put homes available.

In April, there were 1,191 current single-family homes sold. This is a 11.5 percent increment from March 2014 and a drop of 0.5 percent contrasted with April 2013.

Furthermore the average cost of existing townhouses hit $170,000 in April, up 13.3 percent from April 2013 and up $8,000 month-to-month.

The nation over, the average existing-home cost for all lodging sorts in April was $201,700, which is 5.2 percent above April 2013, as per the National Association of Realtors.

The Naples Area Board of Realtors will discharge April's numbers today, however in its first quarter report NABOR expressed the general average shut cost expanded 15 percent from $230,000 in the first quarter 2013 to $265,000 in the first quarter 2014.

Denny Grimes, a Realtor with Royal Shell Real Estate, said arriving at the $200,000 check in Lee County is critical.

"Our range can support that and possibly somewhat more," he said.

This higher average value makes it more moderate for builders to develop houses, which gives buyers the alternative of buying another or existing home. What's more every time the average goes up, he said it helps an alternate merchant or two who has been submerged on his or her house. It transforms them into a merchant, includes stock, and makes a purchaser.

Tracy Walters, an accomplice at John Naumann & Associates with business locales on Sanibel and Captiva, said properties are moving and individuals are using cash once more. It's a robust development, and he said there won't be any rises in this return.

"We're in a rebound position, there's doubtlessly about it," he said. Search Fort Myers Condos for Sale.

Also the average cost on Sanibel and Captiva is higher. As indicated by the Sanibel & Captiva Islands Association of Realtors, the average offer cost for private homes, excluding apartment suites, was $589,000 in April.

Walters said the value is higher in light of area quality. The islands don't simply offer block and-mortar areas. "We offer a lifestyle over here," he said.

Fort Myers Beach Real Estate Homes and Condos for Sale



Fort Myers Beach  is the perfect place to buy real estate.  Are you looking for a different or additional  home?  If you are, then you are probably looking for an areas that has a nice environment Fort Myers Beach Real Estate Homes and Condos for Sale
Fort Myers Beach is the perfect place to buy real estate.  Sure, lots of areas like this  exist, but it can be quite difficult to find real estate in those areas because of either high demand or high prices. You certainly don’t want to be paying off a house for the rest of your life. Well, have no fear because For Myers Beach is the perfect place to buy real estate. Our realtors are experienced.
This area has some of the best weather in the country. There are no extreme cold winters and the summers are nice and warm. Best of all, you can get the best beach sunset views, since you’ll be right by the ocean. What’s better than a place that is close the beach and the nice ocean air? Best of all, the Fort Myers Beach real estate for sale is very affordable and there are great properties available at all times. If you wish to live in the Fort Myers area, there are a number of Fort Myers Beach real estate and Fort Myers Beach condos for sale. This is the ideal are to choose. There is lots to do. For one, the beach is one of the largest attractions. Imagine being able to take a walk or short drive to the beach all the time. You can watch the sunset over the ocean or just enjoy the ocean waves. Plus, since the area is near the ocean, you won’t get all of the polluted air you would near a more industrial area. You can engage in a variety of water sports like parasailing or surfing. There is lots to do, like many restaurants with great food, massage centers, or you can just relax on the beach side and work on your tan.
The Fort Myers Beach condos for sale range from the under $100,000 price range to over $500,000. There are condos in from the lower end of that price range to the higher end, so you have plenty to choose from. The most affordable condo is for sale at $79,000, so there is quite a variety. You can pick from condos that are a short walk from the beach if you are a frequent beach goer. The area has a full range of different square footages for all family sizes. There is the same variety for the real estate. This is a great area for settling with your family. The schools within the district are top notch and the perfect choice for your children. The neighborhoods are safe overall, so you won’t have to worry about high crime rates.
The Fort Myers Beach Homes for sale consist of beautiful, spacious homes that have access to that beautiful beach view. Homes and condos are available at quite a varied price range as well, so there are homes available for many income brackets.
This area has some of the best weather in the country. There are no extreme cold winters and the summers are nice and warm. Best of all, you can get the best beach sunset views, since you’ll be right by the ocean. What’s better than a place that is close the beach and the nice ocean air? Best of all, the Fort Myers Beach real estate for sale is very affordable and there are great properties available at all times. If you wish to live in the Fort Myers area, there are a number of Fort Myers Beach real estate and Fort Myers Beach condos for sale. This is the ideal are to choose. There is lots to do. For one, the beach is one of the largest attractions. Imagine being able to take a walk or short drive to the beach all the time. You can watch the sunset over the ocean or just enjoy the ocean waves. Plus, since the area is near the ocean, you won’t get all of the polluted air you would near a more industrial area. You can engage in a variety of water sports like parasailing or surfing. There is lots to do, like many restaurants with great food, massage centers, or you can just relax on the beach side and work on your tan.
The Fort Myers Beach condos
 for sale range from the under $100,000 price range to over $500,000. There are condos in from the lower end of that price range to the higher end, so you have plenty to choose from. The most affordable condo is for sale at $79,000, so there is quite a variety. You can pick from condos that are a short walk from the beach if you are a frequent beach goer. The area has a full range of different square footages for all family sizes. There is the same variety for the real estate. This is a great area for settling with your family. The schools within the district are top notch and the perfect choice for your children. The neighborhoods are safe overall, so you won’t have to worry about high crime rates.
The
 Fort Myers Beach Homes for sale consist of beautiful, spacious homes that have access to that beautiful beach view. Homes and condos are available at quite a varied price range as well, so there are homes available for many income brackets. For a sunny environment and peaceful living experience, Fort Myers Beach is the way to go.

Fort Myers Home Prices Soar!




The median existing single-family home in Lee County sold for $177,000 in December – up 24 percent from $142,750 a year earlier, according to statistics released today by the Realtor Association of Greater Fort Myers and the Beach. Buy your Fort Myers Home today!
In a separate report, the Naples Area Board of Realtors said the median in Collier County increased from $248,000 to $340,000.
The number of homes sold in Lee County barely moved year to year: 992 in December compared to 1,000 a year earlier.
Collier sales dipped to 385 from 417 in December 2012.
For all of 2013, Lee County had 12,144 homes sold, up from 11,765 in 2012. Collier had 4,598 in 2013, up from 4,554 in 2012.
In Lee, the percentage of short sales and foreclosures fell: In 2013, 8 percent were short sales and 19.8 percent were foreclosures, down from 18.4 and 20.2 percent respectively.
Prices and sales throughout Southwest Florida imploded at the end of 2005 and fell for about four years before beginning a recovery. Search Fort Myers Condos.