Although the states un-employment rate ticked upward once again in July, from 8.6% to 8.8%, the jobs market actually showed an improvement. [This un-employment number is not seasonally adjusted.] In the same time period in 2011 that same number was a full 2% higher.
In a press release last Friday, Governor Rick Scott reported that the Florida Dept. of Opportunity stated that Florida was one of only 8 states in the nation that saw an increase in job demand within the private sector. It went on to report that Florida lead the nation in on-line job ads and as a result increases were seen in openings like sales…health care…office support…computer positions. …continue →
Lee County property appraiser Ken Wilkinson was happy with the news he shared with us on Friday……..”For the first time in 5 years, I have happy news about property values!” “After years of plummeting real estate values and tax revenues, it appears that the long nightmare is about over for Lee County, especially in Cape Coral.”
“Cape Corals estimated tax roll value increased by 3.5% in 2011, the biggest increase among the taxing authorities in Lee County.” The Cape leads the trend that we have bottomed out in prices, something we were all hoping would finally happen so we can start the road to recovery. When the property appraisers office released the news, City Council members stood up and cheered. …continue →
Our local Realtor Association has just released some very good news about housing and home sale statistics………….sale prices are rising.
Year to date 2012 median home prices are up over 20% from the same time in 2011. Those prices rose largely due to fewer properties entering the market….and….the majority of the homes sold[66%] were traditional sales. [fewer foreclosure or short sales]. There were some 3,623 home “For Sale” in the market in May, compared to 6,648 in 2011. Sales during our traditional winter “Snowbird Season’ were also solid and strong this year.
For the first time in over 6 years I can now tell my sellers its s GREAT time to enter the market and sell……..and also for the first time we are seeing the pendulum swing away from a solid “Buyers” market, as we have seen with the flood of foreclosure inventory, in years past. …continue →
Here are the best ways to search for a property to buy. I have ranked them from the best to the least effective, so you can get thru them quickly. You may even see some surprises that you did not know exist where YOU can actually control the properties your reviewing. That’s right, you control the data stream…………read on…..!!
1] Use a Realtor. I know you’re muttering under your breath, Jessie is a Realtor trying to promote her business? No, that is not accurate. Try this, it works. …continue →
If you’re a potential home buyer in the Lee County area, get ready to pull more out of your wallet to make that purchase. The numbers have just been released for Ft. Myers/Cape Coral metro areas and they show a 19% increase in home prices since January 2011.
This confirms the feeling that most Realtors have felt for most of 2011, that we have hit the bottom and are on the way up in values. …continue →