[memoriesbre]

Just curious as to whats going on with the Real Estate market in SW Florida, Punta Gorda, Ft. Myers, Sarasota area.

[JimKing]

You should go to the Housing Bubble Blog website and read through the different threads and comments on Florida. It gives great on the ground insight to various Florida markets.

[bale002]

Houses have never stopped selling, but for some months now the number of houses for sale by far outweighs the number of buyers willing and able to buy at current asking prices.

Actually southwestern Florida is one of the regions where prices have come off most. It may be a good time to look carefully at a specific county or town your are interested in, compare new construction prices to resale prices, and make a bid on a property that you feel you can afford.

Buy prices in other regions of the state probably need to come off further.

Good luck!

[firemed]

Originally Posted by memoriesbre

Just curious as to whats going on with the Real Estate market in SW Florida, Punta Gorda, Ft. Myers, Sarasota area.

Fort Myers listings are off the charts. Lots of jobs lost and people selling to get out of the area to find work. Prices are falling but its not the bottom yet. I don't think we will see it for about 2 years if not more.

[hiknapster]

"Sales of existing single-family homes in Lee County were down 42 percent from 993 in May 2006 to 575 last month and the median sales price was down 2 percent to $281,500, according to figures released
Monday by the Florida Associated of Realtors."

"“J. Larry Sorsby, chief financial officer of Hovnanian Enterprises, said Monday at the Reuters Real Estate Summit in New York that Lee County is ‘by far the worst housing market that we’re in and I wouldn’t be surprised if it’s the worst housing market in the country.’”

[121804]

Originally Posted by memoriesbre

Just curious as to whats going on with the Real Estate market in SW Florida, Punta Gorda, Ft. Myers, Sarasota area.

The homes in Punta Gorda that are listed in the price point of $175-$200 [most located in the Deep Creek area of Punta Gorda] are SLOWLY selling but are selling. Same as in Port Charlotte with that price tag. There is just a ridiculous amount of inventory of new & resale homes.

[JSnFla]

nothing is really selling. its a stalemate as sellers refuse to substantially lower prices but eventually they will have no choice and things will move

[MrTudo]

Some excellent deals are available in Port Charlotte.

Ours will be one of them, it looks like as we may put an offer in on another house in the next day or two.

[memoriesbre]

Originally Posted by 121804

The homes in Punta Gorda that are listed in the price point of $175-$200 [most located in the Deep Creek area of Punta Gorda] are SLOWLY selling but are selling. Same as in Port Charlotte with that price tag. There is just a ridiculous amount of inventory of new & resale homes.

We sold our home in Deep Creek last November for $275,000. and I did it on my own. Coldwell Banker did nothing for us. We did hire new agents from Remax and they did a great VT for me. I took the VT and put it up on the free Real Estate sites. I had two serious buyers within two weeks of that VT being put on that site. The first buyer came and still needed to sell his home.
The second one came the next week and we signed contracts that same day.
Both buyers were from NJ too!

[florida1]

Originally Posted by firemed

Fort Myers listings are off the charts. Lots of jobs lost and people selling to get out of the area to find work. Prices are falling but its not the bottom yet. I don't think we will see it for about 2 years if not more.

REALLY? You may want to read this article.

Lee County metro area third fastest growing area

27,000 people added to county between July of 2005 and July of 2006. Just because housing is bad doesn't mean the county is losing population.