Metas
A Friend in Need - Helping Other People
Yesterday, I was informed of a very close and dear friend, Charles Richey, had been hospitalized with Guillain-Barre Syndrome. This particular disease afflicts the nervous system and the inflicted individual looses the use of all their limbs and ability to swallow.
Charles has helped me with my website on many occasions and has always been there to just to talk or give me encouragement when things were rough for me. There are many real estate agents through the United States that have benefited from his assistance. In addition, Charles, is very active in the Las Vegas area with animal rescue organizations. Many times when we talk he will tell me about a new dog that he has staying with him until a home can be found.
Charles does not have any health insurance at this time and with the overall real estate market not as strong as it has been, he will be incurring substantial hospital, physician, and after inpatient care - if you have been hospitalized you may have some idea of what Charles will be facing in the future.
On the Internet, we meet many people and may not meet them in person. So when a call goes out to help another- the internet is a power vehicle to get the word out. I have been lucky to meet Charles and his wife Jacqui in person and have had dinner with them.
You may not know Charles Richey from Las Vegas, but perhaps you know someone that has been striken with this disease and can offer comforting words of advice for this family or if you are so inclined to assist Charles you can visit this site or click on the graphic below.
Donate to the Charles Richey Fund
Thank you for reading this post and any assistance you can offer Charles Richey from Las Vegas.
Estero Real Estate Condo Market Update Feb 08
The Estero Florida real estate market for the month of February is showing signs of stability with new listings, with strengthening in the pending sales and with closed sales. The median price paid for a condo in Estero is experiencing deflation, which has a positive effect on the pending sales.
New Listings: In February a total of 61 condos were listed for sale in the Estero area. The new listings in February were slightly higher than the 56 condos listed in February 2007, but significantly less than the 114 condos listed in 2006. The number of new listings for the past three months are significantly down from 2006 and slightly above or below the 2007 levels. Stability of new listings is slowly starting to formulate.
Pending Sales: In February, 28 Estero condominiums were placed under contract for purchase. This compares most favorably with the previous years of 2007 and 2006, where 14 and 13 were pending sale. The trend for the past three months have shown similar results of pending sales higher than previous years. This activity is showing a strengthening of the real estate market, by buyers entering the market due to lower prices.
Closed Sales: During February 10 condos were sold, up 6 units over the same period in 2007, but 2 units less than 2006. The trend for the past three months consistently shows closings up over the same months in 2007 and 2006. When looking at this trend, it represents a strengthening of the market via buyer confidence that the market is close to the bottom or at the bottom.
Median Price Paid: The median price of an Estero condo sold in February was $166,450 compared with $332,500 in 2007 and $313,985 in 2006. The trend for the median sold price for the past three months shows a median price less than in the same month from the previous year. The increased trends for pending sales and closed sales reflect the lower prices in Estero condos. As prices drop, the affordability factor increases, coupled with the low interest rate for mortgages.
At the beginning of March the Estero market has 432 condos for sale, which represents approximately a 38 month supply of inventory to be sold. However, the absorption rate for new listings reflects 6.1 months versus the previous two months absorption rate of 14.0 and 9.5 months.
Blog Makes Top 100 Real Estate Blogs
Today, I was very surprised to find this blog to ranked in the Top 100 Real Estate Blogs as per Top 100 Real Estate Blogs.
The ranking is determined by Google Page Rank, Technorati Rank, and Alexa rankings.
The blog is entitled Naples Real Estate News and Market Updates and does cover the communities of Bonita Springs and Estero as well.
Thank you - Top 100 Real Estate Blogs.
Estero Condo Market Report for November 07
New Listings:
A total of 64 Estero condos were listed in November 2007. When compared to November 2006, the number of condos listed was 78 – a drop of 14 or roughly 18%. In November 2005, 94 Estero condos were listed – a reduction of 30 condominiums or approximately 32%. The lower levels of listings is largely due to less condos being placed on the market by flippers that contracted for pre-construction in 2005 and 2006.
Median Price Paid:
In the month of November the median price paid for a condominium in the Estero area
Estero FL Condo Market
The Estero Florida condo real estate market is showing positive signs of improvement. The positive signs are coming from less new listings coming on the market from March 2006 - 35 fewer units.Â
The pending sales for 2007 were very slightly under 2006 by only one unit.
Closed sales of the Estero condos showed the same exact number of units at 12.
Expired listings - units that failed to sell during the listing contract - significantly increased by 26 units, which was almost double the number in March 2006.
The Estero condo real estate market still remains a buyers market - but the available inventory is being reduced - although not thru actual sales. Sellers still need to be aggressive when pricing their properties for sale.
Estero Florida Real Estate Condo Update - Oct. 2006
The Estero condo market continues to be sluggish. During the month of October 2006, 6 condominium units were closed. The previous month (September), 9 units were sold. For the previous year, October saw 13 units sold, therefore the sluggish market.
The median price paid for an Estero condo in October of this year was $268,950 and the average was $294,650. During September the median price was $294,000 and the average was 317044. The decrease in prices paid in October was largely due to the number of higher priced condominiums sold. In October 2005, the median price paid was $298,000, with the average price of $330,169. The interesting fact here is that larger units (1,423 vs. 1,374) square footage wise were sold in 2006 at a lesser per square foot price than in 2005; price per sq. ft. in 2006 was $207 versus the 2005 figure of $240.
The sluggishness of the Estero condo real estate market can also be seen in the average days on market:
October 2006 - 87 days, September 2006 - 96 days, October 2005 - 26 days.
As of December 9, 2006 there are a total 533 resale condominiums currently on the market for sale.
Estero Real Estate - October Pending Sales
During the month of October a total of 21 homes had an agreed upon sales contract in the Estero real estate market. The list prices of the homes ranged from $250,000 to $941,975. The average price was $483,827, while the median price was $399,000.
The total number of Estero homes pending sales as of November 1st is 38 homes with an average price of $505,720 and a median price of $453,810. The list prices of the pending sales homes range from $238,000 to $1,169,000.
The condo segment of the Estero real estate market for the month of October saw 4 condos move from the available status to the pending sales category. The condos ranged in price from $199,900 to $415,900. The average price was $330,950 and a median price of $342,450.
The total number of Estero condos pending sale is 9 units - priced from $199,900 to $450,000. The average price is $314,744 and the median price of $269,000.
Estero FL Real Estate - Sold Condos Drop
The sold condominiums in the Estero FL real estate market has not faired any better than the condo market in the Naples or Bonita Springs markets during September 2006.
During September 2005 there were 33 condominiums sold with prices ranging from $229,900 to $535,000. The average price paid for a condominium was $322,325.
This past September, 6 condos sold with the average price being paid - $380,650. The price range was $222,000 to $470,000.
Although the volume of sales is down, the price range is relatively the same, however, the average price paid is up.