South Lee County Sales Dip the Last Week of May

For the end of May, South Lee County showed a sales dip in real estate transactions for the week of May 25th in the Southern Ft. Myers, Estero and Bonita Springs area. There were 164 properties sold compared to 238 properties sold the prior week.

SouthernFort Myers returned to the first position with 59 real estate transactions down from 75 during the prior week. Of the 59 homes sold, 15 percent were commercial units, 20 percent were vacant lots, 20 percent were condos and 45 percent were single family homes.

Estero rounded out the week with 53 sales down versus the previous week when 62 properties sold. Of the 53 real estate sales, 30 percent were vacant lots, 36 percent were condos and 32 percent were single family homes. And, the remaining properties sold in Estero were mobile homes.

Finally, Bonita Springs slid into third place with 49 sales down significantly from 94 properties sold the week of May 18th. Home sales consisted of: 22 percent vacant lots, 29 percent condos and 45 percent were single family homes. The remaining property sales in Bonita were mobile homes and commercial units.

In review, based on the latest South Lee County May Home Sales report for the week of the 25th, sales were broken down by the following property types in Southwest Florida:  68 single family homes, 45 condos, 39 vacant lots, 2 mobile homes and 10 commercial units sold.

South Lee County Sales Dip the Week of May 25th – Organized by zip code

Bonita Springs

• 34134 – 8 properties sold (4 single family homes and 4 condos)
• 34135 – 41 properties sold (1 commercial unit, 1 mobile home, 11 vacant lots, 18 single family homes and 10 condos)

Southern Fort Myers

• 33912 – 19 properties sold (8 commercial units, 7 single family homes and 4 condos)
• 33913 – 26 properties sold (7 vacant lots, 11 single family homes and 8 condos)
• 33967 – 14 properties sold (1 commercial unit, 5 vacant lots and 8 single family homes)

Estero

• 33928 – 37 properties sold (1 mobile home, 16 vacant lots, 12 single family homes and 8 condos)
• 33967 – 2 properties sold (1 single family home and 1 condo)
• 34134 – 4 properties sold (4 condos)
• 34135 – 10 properties sold (4 single family homes and 6 condos)

Miromar

• 33913 – 3 properties sold (3 single family homes)

More Information About Lee County May Home Sales

Naples Golf Guy Monthly Real Estate Report

Lee County Real Estate Transactions Week of May 25th 2019

Mid-April Real Estate Recap for Naples

The latest Naples Real Estate recap report for the week of April 15th show there were 379 Properties Sold in the Naples area up from 344 homes sold the previous week.  East Naples remained in the top spot for the most real estate transactions for the week with 89 homes sold compared to 78 transactions the prior week. Once again, North Naples was in the second position with 79 homes sales versus 76 sales the week before. And finally, the city of Naples had another strong week with 56 real estate transactions compared to 52 Naples home sales the last week in March.

So, of the 89 real estate sales in East Naples, 5 percent were vacant lots, 19 percent were single family homes and 76 percent were condos.

And, in North Naples, of the 79 transactions closed, 15 percent were vacant lots, 44 percent were condos and 41 percent were single family homes.

Finally, of the 56 Naples homes sold in the City, 37.5 percent were single family homes and 59 percent were condos. The remaining properties sold in the city of Naples were vacant lots.

In summary, the Naples real estate recap for the week of the April 15th show sales were broken down as follows: 133 single family homes, 199 condos, 45 vacant lots and 2 mobile homes sold throughout Collier County.

Naples Real Estate Recap for the week of April 15th by zip code:

City of Naples

• 34102 – 11 properties sold (2 vacant lots, 4 single family home and 5 condos)
• 34103 – 21 properties sold (8 single family homes and 13 condos)
• 34105 – 24 properties sold (9 single family homes and 15 condos)

North Naples

• 34109 – 30 properties sold (1 vacant lot, 14 single family homes and 15 condos)
• 34110 – 15 properties sold (1 vacant lot, 6 single family homes and 8 condos)
• 34119 – 34 properties sold (10 vacant lots, 12 single family homes and 12 condos)

East Naples

• 34104 – 30 properties sold (3 single family homes and 27 condos)
• 34112 – 24 properties sold (4 vacant lots, 5 single family homes and 15 condos)
• 34113 – 35 properties sold (9 single family homes and 26 condos)

Ave Maria and Immokalee

• 34142 – 6 properties sold (1 vacant lot and 5 single family homes)

Barefoot Beach

• 34134 – 3 properties sold 21 single family homes and 1 condo)

Big Cypress

• 34117 – 14 properties sold (6 vacant lots and 8 single family homes)

Chokoloskee

• 34138 – 3 properties sold (3 condos)

Coco River

• 34108 – 28 properties sold (3 vacant lots, 5 single family homes and 20 condos)

Corkscrew

• 34120 –  29 properties sold (9 vacant lots, 16 single family homes and 4 condos)

Eastern Collier County

• 34114 – 28 properties sold (1 mobile home, 6 vacant lots, 8 single family homes and 13 condos)
• 34116 – 6 properties sold (5 single family homes and 1 condo)

Everglades

• 34139 – 1 property sold (1 mobile home)

Marco Island

• 34145 – 37 properties sold (2 vacant lots, 14 single family homes and 21 condos)

3 Reasons You Shouldn’t FSBO

Selling your home involves a lot of work and can quickly become a complicated process. Real estate agents are the experts that can help guide you through! Before you decide to FSBO, let’s get together!

Reasons You Shouldn’t go the “for sale by owner” or FSBO route:

1. Results come from the internet – 50 percent of buyers find their home on the internet and 28 percent find their home through a real estate agent
2. FSBOing has become more difficult – the percentage of people selling by owner has dropped from 19 percent to 7 percent
3. You Net more money when using an agent – homes sold with an agent sell for 6 percent more than FSBOs

June 15th, 2019 Posted by NaplesGolfGuy

Top 4 Renovations for the Greatest Return on Investment or ROI!

If you are about to sell your home and you are wondering which renovations will have the best ROI or return on your investment then you should consider these home improvements.

Time for Your Dream Home, Gen X!

3 Things to Know in the Housing Market Today!

A lot is happening in the world, and it’s having a direct impact on the housing market today. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.

More Information the Housing Market Today in Southwest Florida:

Naples Golf Guy Monthly Real Estate Report

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Renting or Owning, What Is Better for You?

How do you know if owning a home is better than renting a home? In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy a home? This is true for vacation rentals as well.

South Lee County May Home Sales Review

The South Lee County May home sales report for the week of May 18th in the Southern Ft. Myers, Estero and Bonita Springs area, shows there were 238 properties sold compared to 164 properties sold the prior week.

Bonita Springs led the Lee County area with 94 sales up significantly from 61 properties sold the week of May 11th. Home sales consisted of: 5 percent mobile homes, 10 percent vacant lots, 45 percent condos and 40 percent were single family homes.

Southern Fort Myers finished the week in the second position with 75 real estate transactions up from 69 during the prior week. Of the 75 homes sold, 33 percent were vacant lots, 17 percent were condos and 44 percent were single family homes. The other properties sold were commercial units.

Finally, Estero rounded out the week with 62 sales up versus the previous week when 33 properties sold. Of the 62 real estate sales, 10 percent were mobile homes, 15 percent were vacant lots, 35 percent were condos and 39 percent were single family homes. And, the remaining properties sold in Estero were commercial units.

In review, based on the latest South Lee County May Home Sales report for the week of the 18th, sales were broken down by the following property types in Southwest Florida:  96 single family homes, 82 condos, 44 vacant lots, 11 mobile homes and 5 commercial units sold.

South Lee County Real Estate Activity for the Week of May 18th – Organized by zip code

Bonita Springs

• 34134 – 25 properties sold (3 mobile homes, 6 single family homes and 16 condos)
• 34135 – 69 properties sold (2 mobile homes, 9 vacant lots, 32 single family homes and 26 condos)

Southern Fort Myers

• 33912 – 17 properties sold (2 commercial units, 9 single family homes and 6 condos)
• 33913 – 44 properties sold (2 commercial units, 19 vacant lots, 16 single family homes and 7 condos)
• 33967 – 14 properties sold (6 vacant lots and 8 single family homes)

Estero

• 33928 – 48 properties sold (1 commercial unit, 6 mobile homes, 9 vacant lots, 18 single family homes and 14 condos)
• 33967 – 4 properties sold (3 single family homes and 1 condo)
• 34134 – 3 properties sold (2 single family homes and 1 condo)
• 34135 – 7 properties sold (1 single family home and 6 condos)

Miromar

• 33913 – 7 properties sold (1 vacant lot, 1 single family home and 5 condos)

More Information About Lee County May Home Sales

Naples Golf Guy Monthly Real Estate Report

Lee County Real Estate Transactions Week of May 18th

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2 Myths Holding Back Home Buyers

There are a couple of reasons home buyers are waiting to buy a home. Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that,

“For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save for the down payment…

…Based on our recent survey of individuals planning to purchase a home in the next three years, nearly a third think they need to put more than 20% down.”

Myth #1: “I Need a 20% Down Payment”

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Something You Should Know Before Looking At New Construction Homes

Picture yourself out for a drive one weekend. You see a sign that says New Construction Homes:

Models Starting At $XXX,XXX
Next Right!

Maybe you’re actively looking for a house, or maybe it’s just a spur of the moment urge, but you follow the signs to the model home.

You park.

You walk into the model home.

The builder’s sales rep asks you to please sign in.

You sign in.

Ouch. You may have just made a costly mistake…

It’s Not Like I’m Buying One…

Most people don’t think twice about signing in when they visit a model home. They figure, what’s the harm? It isn’t like I’m signing something to actually buy one. I just want to take a look, and it’s not like they’re asking me to sign my life away.

But sometimes you do end up buying one.

You get the bug. You fall in love. You picture yourself in this lifestyle. Next thing you know, you’re making an offer on the spot.

Or, maybe you leave, but you can’t stop thinking about it the whole ride home so you decide you’re going to buy one.

Either way, if you decide to buy one, having signed in with the builder, you may have signed away your right to involve your own real estate agent represent and advise you.

Is A Real Estate Agent Even Necessary?!

Some people question whether it’s even necessary to have their own real estate agent involved in the purchase. They feel like they’re an unnecessary middleman. After all, the builder has a sales rep. They feel like they “found” the house, not a real estate agent. The builder or their representative can handle the paperwork. And, ideally, not having an agent will perhaps give them some leverage to negotiate.

Others just don’t even think to bring their real estate agent with them or didn’t want to “bug” them to go see a house they could easily get in to see. They just stop in on a whim, and once the ball gets rolling, they feel like they can’t involve their agent, or they might even be “encouraged” by the builder not to. And they figure, what’s the big deal… the builder or their rep can handle everything.

And some people feel like real estate agents just want to latch onto the deal to make a commission while doing very little, since the builder and/or their rep can handle the paperwork and process.

It’s More Than Just “Finding” And Pushing Papers…

Sure, a buyer can “find” a new construction house on their own. And a builder or their sales rep can certainly handle the paperwork.

But the value of having a real estate agent on your side isn’t just about “finding” you a house (new construction or not), or filling in a few blanks on a contract and pushing the papers through the process. It’s about their knowledge, advice, and representation.

Okay, some agents out there may just want to get a few papers signed and wait for closing day to get a commission check. And, yes, you’re probably better off not involving an agent like that in the purchase of new construction.

But that doesn’t mean you shouldn’t find and have an agent who truly understands new construction (and real estate overall) on your side.

A good agent can help you:

• Avoid costly mistakes
• Get everything you can and should get from the builder
• Advise you as to whether buying a particular home is the best or right choice for you
• Offer alternatives you may not have otherwise considered
• Help you choose the best lot and model in a development for your own enjoyment and future resale value
• Keep the builder and building process in check
• Advocate for you when issues arise with the builder

Things To Know And Look Out For When Looking at New Construction Homes

There are quite a few things to know and look out for when buying new construction — more than I can cover in a brief article. So, I created a booklet that you can download and read at your leisure, rather than in one sitting before you scroll away.

It’s free and there’s no obligation. And, even though it’s more detailed and longer than this article, covering more than a dozen topics, it isn’t a long read. You can breeze through it over a medium-sized cup of coffee.

Your Guide to Buying New Construction Homes Booklet

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