Condo sales have sky rocketed in Lee County over the last few months. In August alone, the number of sales shot up 20% year over year. That's 602 pending condo sales vs 499 in 2016, which is impressive to say the least! Median sales price was also up 7% over last year topping $175,000 for August 2017, and the number of closed sales was up 4.5%.
The days of getting a "steal" can be logged in the history books. The foreclosure market for August 2017 was a measly 13 condos, down 13% over last year. And short sales continue to rapidly decline, down 83% over August 2016. That's not to say that there aren't properties out there that can be bought at a value, but they're most likely going to need some TLC to bring them to current market value.
What does all of this mean? Well, if you're looking to save some money, be ready to get your hands dirty and prepare for a remodel. If you're wanting move in ready and updated, be prepared to pay full [or close to it] market value. With condos selling at 96% of list price, on average, you might have some room for negotiation, but not much.
Author:Stacey Bohannon Phone: 239-464-2157 Dated: October 12th 2017 Views: 642 About Stacey: I am a Fort Myers native, and absolutely LOVE to call SW Florida my home. I am a wife to an amazing...
Ray brings a wealth of knowledge and expertise about buying and selling real estate in Greater Southwest Florida. In the real estate environment of today you need someone you can trust for up-to-date information about what is happening in the local real estate market. As a dedicated real estate agent and team leader, Ray is qualified to guide you in buying or selling a home. He believes in using his skills in finance, contracts, negotiation and marketing to your best advantage. Ray and his wife Wanda work together as “The Bluz Team”. Their goal is to make sure that every buyer and seller receives their five-star service. You can count on them to always work tirelessly to achieve your success. The Bluz Team values building good relationships with the people they work with and they will deal with everyone with the utmost integrity and respect. They realize that this is one of your most valuable assets so they take their responsibility seriously. Ray has been living in Fort Myers for 14 years and has been actively involved in the real estate industry with his wife Wanda since 2006. Originally from the Chicago area, Ray enjoyed a successful career in wholesale electrical sales and was also a licensed real estate sales associate in Illinois for 3 years prior to moving to Florida. Wanda is originally from Canada and has an extensive background in retail sales and customer service. Together they have built a real estate business using the latest technologies to market seller’s properties as well as using the best tools to help buyers purchase the right house, at the right price, with the right terms, in the right time frame. The Bluz Team also concentrates on seasonal and annual rentals and they work with investors whose goal is to purchase an investment property for rental income. Their other specialties are: First Time Buyers, New Construction, and Residential Sales. Whether you are looking to buy or sell your home, we will provide sound and trustworthy advice to help you achieve your real estate goals. We don’t measure our success through awards received or achievements, but through the satisfaction of our clients. Let us guide you through the complexities of buying and selling your home, eliminating hassles and stress. Remember, who you work with matters! We are The BLUZ Team and we welcome the opportunity to earn your business.