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Garren Grup, REALTOR®, GRI...
Noteworty Results in Naples, Bonita Springs, Estero & Fort Myers!
Showing posts with label Estero. Show all posts
Showing posts with label Estero. Show all posts
Wednesday, October 8, 2008
Properties are selling in Southwest Florida... video from NBC (below)
Sales are up 80% in Lee County, Bonita Springs Estero, Fort Myers, Fort Myers Beach, Sanibel Island & Captiva Island!
*Use the links below to view listings in a specific city or create your own search Here.*
Garren Grup, REALTOR®, GRI...
Noteworty Results in Naples, Bonita Springs, Estero & Fort Myers!
*Use the links below to view listings in a specific city or create your own search Here.*
Garren Grup, REALTOR®, GRI...
Noteworty Results in Naples, Bonita Springs, Estero & Fort Myers!
Tuesday, August 19, 2008
Tropical Fay Went Away... Thankfully not a Hurricane!
Tuesday, August 19, 2008, 12 noon EST - Tropical storm Fay never reached hurricane strength, and is now past Collier County, currently in the Lee and Hendry County areas. In general, the storm was not a major event. 
Damage is very light in most areas----tree limbs and a very occasional downed tree. Structural damage to buildings was very light in most of the Naples/Bonita/Ft. Myers area, although we did hear of some problems toward the central part of the state, around Clewiston.
Winds were lighter than predicted, usually in the 20mph to 40mph range, with some gusts as high as 70mph near Immokalee. Storm surge was lighter than predicted, and even rain was lighter than predicted, although we will likely continue to have rain for the rest of today. Flooding was also lighter than expected. Most businesses in the area were closed today, but some grocery stores, pharmacies, and even Burger King and Dunkin Doughnuts remained open.
The biggest problem is loss of power for a number of homes, with the last report saying 28,000 homes in Collier County. Power is expected to be restored much faster this time as compared to Wilma in Collier County, and Charlie in Lee County from years past. So in summary, there was very minor damage, despite the efforts of some media to over dramatize the storm. Things are expected to be back to normal by the end of the week.
Despite reports to the contrary Fay has been a bleesing and there was very minimal damage and no tornados in the Collier or Lee county area. Tropical Storm Fay actually has and will have an added benefit of bringing some much needed rain to all of the southeast. Florida and Georgia have been battling Alabama to release water from a reervoir that supplies drinking water to 3 million people. The 4-10 inches will substantially help refill reservoirs and raise lake levels on Lake Okeechobee and surrounding lakes as well as help curb the 2 year drought that has been the 2 driest back to back years on record. Lake Okeechobee as of a month ago was a little more than 4ft below it's average level.
Lake Okeechobee, which is second largest freshwater lake in the contiguous United States and is also the liquid heart of the Everglades. South Florida depends on the 730-square-mile lake during dry periods, when it can be used as a reservoir.
See more on Fay's drought relief at Southwest Florida News
Garren Grup, REALTOR ®...
Noteworty Results in Naples, Bonita Springs & Estero!
Damage is very light in most areas----tree limbs and a very occasional downed tree. Structural damage to buildings was very light in most of the Naples/Bonita/Ft. Myers area, although we did hear of some problems toward the central part of the state, around Clewiston.
Winds were lighter than predicted, usually in the 20mph to 40mph range, with some gusts as high as 70mph near Immokalee. Storm surge was lighter than predicted, and even rain was lighter than predicted, although we will likely continue to have rain for the rest of today. Flooding was also lighter than expected. Most businesses in the area were closed today, but some grocery stores, pharmacies, and even Burger King and Dunkin Doughnuts remained open.
The biggest problem is loss of power for a number of homes, with the last report saying 28,000 homes in Collier County. Power is expected to be restored much faster this time as compared to Wilma in Collier County, and Charlie in Lee County from years past. So in summary, there was very minor damage, despite the efforts of some media to over dramatize the storm. Things are expected to be back to normal by the end of the week.
Despite reports to the contrary Fay has been a bleesing and there was very minimal damage and no tornados in the Collier or Lee county area. Tropical Storm Fay actually has and will have an added benefit of bringing some much needed rain to all of the southeast. Florida and Georgia have been battling Alabama to release water from a reervoir that supplies drinking water to 3 million people. The 4-10 inches will substantially help refill reservoirs and raise lake levels on Lake Okeechobee and surrounding lakes as well as help curb the 2 year drought that has been the 2 driest back to back years on record. Lake Okeechobee as of a month ago was a little more than 4ft below it's average level.
Lake Okeechobee, which is second largest freshwater lake in the contiguous United States and is also the liquid heart of the Everglades. South Florida depends on the 730-square-mile lake during dry periods, when it can be used as a reservoir.
See more on Fay's drought relief at Southwest Florida News
Garren Grup, REALTOR ®...
Noteworty Results in Naples, Bonita Springs & Estero!
Tuesday, May 20, 2008
Fort Myers, FL: April Home Sales Up 32% From Last Year
Inventory of unsold homes declining
We have continued to see an increase in sales and the amount of positive press about the local real estate market in Southwest Florida over the past few weeks as new sales data has come in. I think the most interesting statistic to come out is the current absorption of inventory which I think has been under publicized and provides both buyers and sellers with a more comprehensive view of the market. The most current absorption rate for single family homes is 9.9 months considerably lower than the 23 months of inventory that we saw in December 2007.
Special to Florida Weekly-
The Realtor Association of Greater Fort Myers & the Beach (which includes Bonita Springs & Estero) reports that a total of 684 existing single family houses were sold in April. That's a 32 percent increase in the number of single family houses sold compared to last April. In addition, 1176 single family homes are pending, reflecting a 47.2 percent upswing since April, 2007. Most encouraging are the absorption(supply in months) rates, as the current absorption rate for single family homes is 9.9 months, well below December 2007 when there was nearly 23 months of inventory up for sale.
The median sales price is $180,000, up 21 percent from 2003 levels, but down from year ago by 16 percent. Moderately priced inventories are moving as buyers are taking advantage of the lower interest rates and the affordable property values in the market. Based on the 4-month trend, it is anticipated that existing single family home sales will out-pace 2007 sales by 30 percent. "It is apparent that buyers are seeing the value of homes in Southwest Florida and are entering the market at increasing numbers."
See additional information at the following links:
Neighborhood Descriptions
Estate Home Search($1,000,000+)
New listings Delivered to your Email Every 3, 7 or 14 Days
We have continued to see an increase in sales and the amount of positive press about the local real estate market in Southwest Florida over the past few weeks as new sales data has come in. I think the most interesting statistic to come out is the current absorption of inventory which I think has been under publicized and provides both buyers and sellers with a more comprehensive view of the market. The most current absorption rate for single family homes is 9.9 months considerably lower than the 23 months of inventory that we saw in December 2007.
Special to Florida Weekly-
The Realtor Association of Greater Fort Myers & the Beach (which includes Bonita Springs & Estero) reports that a total of 684 existing single family houses were sold in April. That's a 32 percent increase in the number of single family houses sold compared to last April. In addition, 1176 single family homes are pending, reflecting a 47.2 percent upswing since April, 2007. Most encouraging are the absorption(supply in months) rates, as the current absorption rate for single family homes is 9.9 months, well below December 2007 when there was nearly 23 months of inventory up for sale.
The median sales price is $180,000, up 21 percent from 2003 levels, but down from year ago by 16 percent. Moderately priced inventories are moving as buyers are taking advantage of the lower interest rates and the affordable property values in the market. Based on the 4-month trend, it is anticipated that existing single family home sales will out-pace 2007 sales by 30 percent. "It is apparent that buyers are seeing the value of homes in Southwest Florida and are entering the market at increasing numbers."
See additional information at the following links:
Neighborhood Descriptions
Estate Home Search($1,000,000+)
New listings Delivered to your Email Every 3, 7 or 14 Days
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