Fort Myers Cape Coral Lehigh Acres Homes and Condos For Sale

Just Listed! 1812 Malone Lehigh Acres, FL 33936

April 24th, 2010 7:09 AM

$110,000.00
1812 Malone

Lehigh Acres, FL 33936

Beds: 0	Rooms: 0
Full Baths: 2	Sq. Ft.: 0
Garage: 2	Built: 1973

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David Botelho
Prudential Florida Realty
2399858422
www.fortmyersnaplescapecoral.com

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Posted by David Botelho on April 24th, 2010 7:09 AMPost a Comment (0)

Reasons to Buy NOW!

April 27th, 2010 5:36 AM

Help with First-Time Buyers

According to the National Association of REALTORS Profile of Buyers and Seller in 2009, first-time home buyers made up 47% of the overall housing market. This is number is expected to grow in 2010. Ask how I can help you with your first-time home buyers.

2 Reasons Why Those Who Don't Buy Now Might Regret It Later

RISMEDIA, April 26, 2010—Buying a home is one of the biggest decisions an individual can make. So it’s understandable that one considering a home purchase may take their time to avoid rushing into such a large financial commitment. However, several factors might leave prospective home buyers who don’t purchase a property now wishing they had taken action sooner.

“Current market conditions have created a perfect storm of sorts that has made it an ideal time to purchase for first-time and trade-up buyers alike,” said David Botelho , Realtor at Prudential Forida Realty. “Those who have the means and the desire to buy now but don’t, aren’t likely to see such a great opportunity again anytime soon.”

Specifically, Weichert offered three reasons why those who aren’t under contract to purchase a new home by April 30, 2010 might regret it.

1. They might not lock-in on the historically-low interest rates.
Thanks to measures taken by the Federal Reserve including the purchasing of mortgage-backed securities, interest rates have remained historically-low for several years. With the economy beginning to show signs of recovery, it is widely believed that the government will soon put an end to these stimulus efforts.

If that happens, many economists believe we will begin to see a sharp increase in interest rates which could result in a much higher monthly payment for those who wait. For example, an interest rate increase of 1% on a 30-year fixed mortgage of $300,000 could cost a buyer $188 more a month or $67,000 more over the span of the entire loan.

2. They might miss out on record home price affordability.
Home price affordability is at its most optimal level in decades. As a result, those who wait to buy will likely pay more for the home they purchase than what that same home would cost right now. In fact, home prices have already begun to rise slightly in some markets. Instead of getting a better bargain, waiting to buy a home might net buyers a higher purchase price, less appreciation and less house for their buck.

“There is no time to waste for anyone who wants to take advantage of this great buying opportunity. Particularly for those who have a home to sell first,” added Weichert. “If you are prone to saying ‘what if’ and wondering what could have been, you will thank yourself down the road for buying now.”

For more information, visit Our Web Site

Posted by David Botelho on April 27th, 2010 5:36 AMPost a Comment (0)

Fort Myers, Fla. – April 22, 2010 – Florida’s existing home sales rose

April 23rd, 2010 7:31 AM

Florida’s existing home, condo sales rise in March 2010

Fort Myers, Fla. – April 22, 2010 – Florida’s existing home sales rose in March, which means that sales activity has increased in the year-to-year comparison for 19 months, according to the latest housing data released by Florida Realtors®.

Existing home sales increased 24 percent last month with a total of 16,294 homes sold statewide compared to 13,090 homes sold in March 2009, according to Florida Realtors. Statewide existing home sales last month increased 37 percent over statewide sales activity in February. Also noteworthy: While March’s statewide existing-home median price of $137,000 was down from the same time a year ago, it was 4.3 percent higher than February’s statewide existing-home median price.

Florida Realtors also reported a 63 percent increase in statewide sales of existing condos in March compared to the previous year’s sales figure; statewide existing condo sales last month rose 40.6 percent over the total units sold in February. Though March’s statewide existing-condo median price of $96,900 was down compared to the year-ago figure, it was 5.1 percent higher than February’s statewide existing-condo median price.

Seventeen of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales in March while all MSAs had higher condo sales. A majority of the state’s MSAs have reported increased sales for 21 consecutive months.

Florida’s median sales price for existing homes last month was $137,000; a year ago, it was $141,300 for a 3 percent decrease. Industry analysts with the National Association of Realtors® (NAR) note that sales of foreclosures and other distressed properties continue to downwardly distort the median price because they generally sell at a discount relative to traditional homes. The median is the midpoint; half the homes sold for more, half for less.

Thenational median sales price for existing single-family homes in February 2010 was $164,300, down 2.1 percent from a year earlier, according to NAR. In California, the statewide median resales price was $279,840 in February; in Massachusetts, it was $271,950; in Maryland, it was $237,446; and in New York, it was $225,000.

NAR’s latest outlook anticipates a rise in home sales in late spring, which should help to absorb inventory. Increased pending sales is a positive sign for home prices, which are continuing to stabilize, according to NAR Chief Economist Lawrence Yun.

In Florida’s year-to-year comparison for condos, 7,148 units sold statewide last month compared to 4,387 units in March 2009 for an increase of 63 percent. The statewide existing condo median sales price last month was $96,900; in March 2009 it was $108,500 for an 11 percent decrease. The national median existing condo price was $170,200 in February, according to NAR.

Interest rates for a 30-year fixed-rate mortgage averaged 4.97 percent last month, down from the average rate of 5 percent in March 2009, according to Freddie Mac. Florida Realtors’ sales figures reflect closings, which typically occur 30 to 90 days after sales contracts are written.

Among the state’s larger markets, the Sarasota-Bradenton MSA reported a total of 1,055 homes sold in March compared to 765 homes a year earlier for a 38 percent increase. The market’s existing home median sales price last month was $163,800; a year earlier it was $150,000 for an increase of 9 percent. A total of 382 condos sold in the MSA in March compared to 226 units sold the same month a year earlier for an increase of 69 percent. The existing condo median price last month was $146,400; a year earlier, it was $129,000 for a gain of 13 percent.

Related: NAR: Existing-home sales rise on buyer tax credit, favorable market conditions

Call the Botelho Team to Buy or Sell a Home

Posted by David Botelho on April 23rd, 2010 7:31 AMPost a Comment (0)

Sales Statistics for CHARLOTTE County FL

April 20th, 2010 6:53 AM

Sales Statistics for CHARLOTTE County FL
Realist's most recent sale date for this county is 03/25/2010

Single Family Residence
Time Period	Number of Sales	Median Sale Price
Feb 2010	251	$115,000
Feb 2009	172	$120,950
Jan 2010	228	$109,500
Jan 2009	171	$96,000
2010 YTD	709	$110,000
2009	3,077	$116,000

Condominium
Time Period	Number of Sales	Median Sale Price
Feb 2010	45	$119,500
Feb 2009	35	$150,500
Jan 2010	63	$129,000
Jan 2009	26	$60,000
2010 YTD	181	$129,000
2009	584	$129,000

Posted by David Botelho on April 20th, 2010 6:53 AMPost a Comment (0)

Sales for COLLIER County FL

April 20th, 2010 6:52 AM

Sales Statistics for COLLIER County FL
Realist's most recent sale date for this county is 04/07/2010

Single Family Residence
Time Period	Number of Sales	Median Sale Price
Feb 2010	262	$200,000
Feb 2009	250	$198,000
Jan 2010	283	$200,000
Jan 2009	222	$159,750
2010 YTD	989	$210,000
2009	4,172	$195,000

Condominium
Time Period	Number of Sales	Median Sale Price
Feb 2010	289	$172,500
Feb 2009	173	$215,000
Jan 2010	278	$170,963
Jan 2009	190	$195,500
2010 YTD	1,005	$175,000
2009	3,655	$185,000

Posted by David Botelho on April 20th, 2010 6:52 AMPost a Comment (0)

Sales Statisticsfor LEE County FL

April 20th, 2010 6:51 AM

Sales Statistics for LEE County FL
Realist's most recent recording date for this county is 04/14/2010

Single Family Residence
Time Period	Number of Sales	Median Sale Price
Feb 2010	1,176	$84,000
Feb 2009	931	$95,000
Jan 2010	1,277	$86,000
Jan 2009	930	$94,650
2010 YTD	4,459	$85,100
2009	16,212	$88,000

Condominium
Time Period	Number of Sales	Median Sale Price
Feb 2010	448	$120,000
Feb 2009	270	$160,000
Jan 2010	432	$105,000
Jan 2009	201	$130,000
2010 YTD	1,722	$120,475
2009	4,646	$127,300

Posted by David Botelho on April 20th, 2010 6:51 AMPost a Comment (0)

HOA Dues in Fort Myers

April 14th, 2010 6:17 AM

Homeowners' associations, or HOAs, are formal legal entities created to maintain common areas; they have the authority to enforce deed restrictions. Most condominium and townhome developments, and many newer single-family subdivisions have HOAs, which are usually created when the development is built. Covenants, Conditions & Restrictions (CC&R's) are issued to each homeowner, and HOAs are established to ensure that they are adhered to in order to maintain the quality and value of the properties involved.

Features of a Homeowners' Association:

Membership is mandatory for all property owners within the development
Members are usually charged mandatory fees
Homeowners associations have the authority to enact and enforce maintenance and design standards in addition to those established by City ordinances
Homeowners' associations are corporations with formal bylaws - there is usually a governing board which hires a property management company to handle maintenance and enforcement issues
Many homeowners' associations publish a newsletter
Some units sold belong to two HOA's, always ask if this is the case

Posted by David Botelho on April 14th, 2010 6:17 AMPost a Comment (0)

Pelican Preserve Fort Myers Homes and Condos

April 11th, 2010 7:54 AM

http://www.fortmyersnaplescapecoral.idxco.com/i/4114/PelicanPreserveFortMyers

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10730 Ravenna Way 103, Fort Myers, FLORIDA 33913

Price: $115,000

This is a Short Sale subject to existing lender's approval which could result in delays. Stunning Go ...

Fort Myers Cape Coral Lehigh Acres Homes and Condos For Sale

Help with First-Time Buyers

Home prices edge up in March