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Recovery is in Full Swing in Lee County Florida 239-541-5307 |
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Mike
Pfaff
Mike@CapeFunding.com
239-541-5307
2008 Is improving at a pace faster than the increase in 2005. Homes are selling, interest rates are raising, now is the best time to buy.
Nation trails Lee County. Nationally Existing home sales edge up 2 percent in May
Lee County showing more improvement than even 2005.
It took a year for unit sales to double in 2005. 2008 has seen a 400% increase in 5 months.
You know you reached bottom when
Unit sales increase
Homes on the market decrease
Fewer price concessions
Home are affordability
Inventory of homes plunges! Down 16% since February.
Pending sales continue to grow. In April they were 1,678 now 1,824! Cape Coral active listings drop by 16% since February. May closings up 41% over May 2007 April Closings up 54% over April 2007
Now is the best time to buy a home because: Prices are below cost, Selection has never been better, Interest rates are low Recovery is in full swing. AND Interest rates are expected to raise fast and significantly at the end of 2008
Tide is turning - 4 months of sold growth of sales - What is selling? Answer Everything. LeHigh, Cape Coral, Pine Island, Condos, Mega Homes, low priced homes.........
May preliminary closing numbers indicate another gain over 2007. Currently MLS showing partial data indicate that closings are up at least 20% over May of 2007. Pending sales remain steady at 1,842.
15 Mega homes closed in May (so far), Here is the breakdown for the year. January 11 closings, February 14 closings, March 13 closings, April 18 closings. 71 Mega homes sold so far this year.
"Theoretically, opportunity is always present, regardless of the market's condition. However, it doesn't always knock with the same intensity. Guess what? Opportunity has just picked up a sledgehammer."
Not only are sales up during the year they are up year to year! Single Family homes sales up 41% condos up 57%! May looks strong too.
The Bounce Back Affect - Wow! Even Lawrence Yun, the Chief Economist for the National Association of Realtors, feels the faster prices hit bottom the faster we will recover.
Yun noted, "Peak to trough, we'll be looking at 20% or even greater" and
then continued with, "Because the prices are going down so fast, we'll
be hitting the stabilization point sooner". Thomas Lawler, a VA based economist says "Wouldn't it be nice to just get it {price declines} over with? It might be that that's what we're seeing."
May 13, 2008 Fox 4 The Housing Crisis is Over!
55 Mega Homes sold from January to April 30th 2008 totaling $84,000,000.
1003 Residential Closings take place in April. The best number of closings in 22 months.
Cape Coral: A piece of the american dream –– cheap Bulk sales of homes continue as Comfort Homes sells to investors.
The Good News for Lee County Keeps Growing
Euro shows signs of end to bull run
Fed indicates that interest rates are at the bottom NEW YORK TIMES The Fed made clear, though, that investors and borrowers should not expect another drop in interest rates anytime soon. In the statement accompanying their action, policy makers said they believed that with the short-term rate at 2 percent, they had already unleashed enough economic stimulus to “help promote moderate growth.”
Inventory of unsold home plunges to 9 months.
You know you reached bottom when
Unit sales increase
Homes on the market decrease
Fewer price concessions
Home are affordability
Prices INCREASED 1% in March.
1783 Pending Contracts for residential properties in Lee County.
Join the Million Dollar sales club.
April will close more sales than January February and March combined!
Setting the record straight. Taken directly from the Lee County MLS. These numbers are the real story.
Ignore the headlines, here are the real facts! Straight from the MLS. Cape Coral 19% of all Cape Coral home have an ACCEPTED offer! Homes on the market have dropped 9% since December 15th. Cape sales are actually better than Lee County Lee County 13% of all of Lee County Homes have an ACCEPTED offer!
There are 1,678 total pending sales right now in all of Lee County.
March residential closings skyrocket! Up 117% from January!
April Appears Poised for an even stronger showing. Pending sales are ahead of closings by 20% per day.
March 26 2008. National sales down 13% Lee County Up 32%! Are we leading the country back?
March 25 2008 News Press Lee transactions up 32 percent from January.
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| Thank you to all the kind people who have supported and contributed to this page. There is strong evidence from many of us in the real estate business that improvements are happening before very our eyes. I welcome additional information from everyone who wants to share why now is a great time to buy in our community. I will set up links to everyone (If they wish) who contributes to our shared success. | ||||
| People have visited this page since January 31, 2008 | ||||
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Up 400% since January
Did
you blink and miss the bottom of the market?
April
13,2008 Sales of home strongly accelerating! 
Unit
sales of direct access waterfront property have
increased 43% since 2006.
Waterfront unit sales at 2nd highest level in
Cape Coral History. Thanks to Jeff
Marconi of Century 21 Sunbelt. for providing the analysis on this
segment of the market. 
