Southwest Florida Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Jan. 26, 2023

11773 Grand Belvedere Way 102 Fort Myers FL

property

$418000

2bed - 2bath - 0.18 acres lot

Welcome to your new home! This fully furnished condo is perfect for a full-time residence or equally as a 2nd home. This immaculate 2 bed 2 bath first-floor condo is very well appointed. Quartz counters, gorgeous large kitchen island, dining area, large primary bedroom with tray ceiling, and large walk-in closet. Enjoy the open living space, perfect for entertaining or just relaxing while cooking and enjoying tv. Spending a relaxing morning or evening overlooking the spacious backyard with an amazing lake view from your screened lanai. Attached is 1 car garage plus space in the driveway for another car. Enjoy all that Arborwood Preserve has to offer: Restaurant, Pickleball, Tennis, Bocce Ball, Resort Style Pool, Fitness Center, Coffee shop, hobby room, and theater.

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Posted in Buyers
Jan. 16, 2023

What Past Recessions Tell Us About the Housing Market

What Past Recessions Tell Us About the Housing Market

What Past Recessions Tell Us About the Housing Market

It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie ahead. As Greg McBride, Chief Financial Analyst at Bankrate, says:

“Two-in-three economists are forecasting a recession in 2023 . . .”

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Dec. 20, 2022

Mortgage Rates Are Dropping What Does That Mean for You

Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage Rates Are Dropping. What Does That Mean for You?

Mortgage rates have been a hot topic in the housing market over the past 12 months. Compared to the beginning of 2022, rates have risen dramatically. Now they’re dropping, and that has to do with everything happening in the economy.

Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains it well by saying:

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Dec. 14, 2022

You May Have More Negotiation Power When You Buy a Home Today

You May Have More Negotiation Power When You Buy a Home Today

You May Have More Negotiation Power When You Buy a Home Today

Did the frequency and intensity of bidding wars over the past two years make you put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other buyers.

And with less competition comes more opportunity. Here are two trends that may be the news you need to reenter the market.

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Dec. 13, 2022

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities

Ready To Sell? Today’s Housing Supply Gives You Two Opportunities

At first glance, the increase in housing supply compared to last year may not sound like good news for prospective sellers, but it actually gives you two key opportunities in today’s housing market.

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Oct. 20, 2022

What’s Ahead for Home Prices

What’s Ahead for Home Prices?

What’s Ahead for Home Prices?

As the housing market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well. And if you’re following along with headlines in the media, you’re probably seeing a wide range of opinions calling for everything from falling home prices to ongoing appreciation. But what’s true? What’s most likely to happen moving forward?

While opinions differ, the most likely outcome is we’ll fall somewhere in the middle of slight appreciation and slight depreciation. Here’s a look at the latest expert projections so you have the best information possible today.

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Oct. 18, 2022

Most over valued real estate market

Overvalued housing markets

Southwest Florida officially bypassed Boise, Idaho for the No. 1 spot on the highest premium list.

Still reeling from the impact Hurricane Ian had on the state, the housing market in Southwest Florida has been dubbed as the nation’s most overvalued market by researchers at Florida Atlantic University and Florida International University. 

 

A press release from the Florida Atlantic University College of Business states the Cape Coral and Fort Myers metropolitan areas blew past the former highest premium area of Boise, Idaho. Based on statistical modeling of past sales, properties should be selling for $252,176. But right now, the average is $429,775.

Top 10 Rank Metro Areas

Read complete article here: https://www.businessobserverfl.com/article/overvalued-housing-markets-in-area-may-get-worse-with-ian

Sept. 23, 2022

6475 Morgan La Fee Ln

6475 Morgan La Fee Ln, Fort Myers, FL

Get Directions Click Here



 
Description Features Photos Maps & Local Schools Virtual Tour Walk Score
 
$ Click for current price

3 BEDROOMS

2 BATHROOMS (2 full)

2100 Square Feet

 

Welcome to Camelot! Your Paradise Awaits! Inviting and warm, you’re greeted by the vaulted ceilings and an open Family Room with a fireplace. Gorgeous open Kitchen with large eat-at island, wood cabinets, quartz countertops & farmhouse sink. There is plenty of storage and cabinet pantry space. Wine cooler and bar areas too. You and your guests will enjoy the large dining room too. The Lanai and Backyard are truly designed for entertaining: screened, pool/spa, built-in fire pit with mature palms, and bushes fully fenced yard for privacy. Large storage shed in back too. A hidden Gem! This is one of the best-kept secrets in Fort Myers! Tucked away yet in the heart of the city. Located off Daniels Parkway with convenient access to Beaches, Restaurants, Schools, and amenities. This home offers quick access to everywhere you want to be. NO HOA fees and NO FLOOD insurance required. AC 2019, Roof 2017, bedrooms new carpet. Large Attic storage over garage all plywood, you can even stand up. Come fall in love with this home!

 
FORT MYERS HOMES FOR SALE

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Jonathan Blaze

Realtor

MVP Realty

239-770-6880

jon@southwestfldreamhomes.com

 
L2L
 

Posted in Buyers
Sept. 19, 2022

Crash

"THE CRASH IS COMING!! THE CRASH IS COMING!! OMG, Dennis, WHEN IS THE CRASH COMING?' 🙃🙃🙃
Not very likely. My soap box. Let's look at some facts. 🤓🤓🤓
Nearly 40% of homeowners today paid cash or have ZERO mortgage, most ever. The average homeowner has $317,000 in equity, most in history. 💲💲💲
The average homeowner, with a mortgage, has a loan at 42% loan to value, lowest in history. 👊👊👊
Nearly 70% of homeowners, with loans, have a rate 5% or under. Nearly 25% of homeowners with a loan, have a rate 3% or under. ↘️↘️↘️
Nearly every homeowner, with a mortgage today, faced the highest loan quality underwriting in history and had to document, and prove, the ability to repay their monthly mortgage payment. 👍👍👍
SOOOOOOO, if a "crash" is coming, you tell me, what will force that crash? What is going to FORCE homeowners to sell crash-level low? 〽️〽️〽️
Not their low loan, not their low monthly payment, not a marginal depreciation of their massive equity. The only thing that can cause a crash is an economic disaster, worse than 2008, that forces mass layoffs and mass companies to close. 🤬🤬🤬
The market crashed 25% in the great recession. Some markets way higher, some way lower. ↘️⬇️⬅️
Anyone truly believe the next one will be worse than that? Even if you do, there are already home sellers choosing to discount 10-20%. ↘️↙️↘️
You aren't buying "the market," You are buying a house. Go get your "crash-level 10-20% discount" from a highly-motivated seller. They are out there. 🏠🏠🏠
AND, if you are still afraid? Rents are at an all-time high.
Blackstone just raised $50 billion to buy real estate at a discount. They have paused some of their weakest markets but they couldn't care less about appreciation, depreciation or "crashes." They care only about income/cash flow. 🔑🔑🔑
Follow Blackstone, a $112 billion company, and buy an investment home instead of a home to live in.
Let's be honest. The "best time to buy a house" was XX years ago. It's always in hindsight. There's never a "good time." Don't listen to others, especially "experts." 🧐🧐🧐
No one knows what rates nor the housing market will do next week, let alone next year. Do your own research and do what's best for you and your family. 👨‍👩‍👧‍👧👨‍👩‍👦‍👦👨‍👩‍👧‍👦
Posted in Buyers
Sept. 15, 2022

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

Is the Real Estate Market Slowing Down, or Is This a Housing Bubble?

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming?

To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home prices in the coming year.

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