Estero Real Estate Home Market Update – May

July 6, 2009

The statistics presented and discussed below are global in nature for the Estero area and do not represent the more important micro-market views which can vary greatly. The Estero real estate market for homes is starting to show signs of stabilizing in many aspects and prospective buyers should be aware of the positive changes.
Listings:
During the [...]

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Estero Condos for Sale Inventory

May 13, 2009

The available condominiums for sale in the Estero area saw a drop in the number of condominiums for sale as of the close of business on April 30. The current number of condominiums for sale was 298. This represents a drop in the inventory of 16 condominiums. The decline represents of about 5 percent. In [...]

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Estero Homes for Sale – Inventory

May 13, 2009

The available homes for sale in the Estero area saw a drop in the number of homes for sale as of the close of business on April 30. The current number of homes for sale was 471. This represents a drop in the inventory of 57 homes. The decline represents of about 11 percent. In [...]

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Estero Real Estate Condo Market Update – March

April 20, 2009

Listings:
The new listings for the month of March 2009 were 64 condos in the Estero area. The number of condos listed in March 2008 was 55. The increase of new listings of condos was 16 percent. In March 2007, the new listings were 71, representing a drop of 7 condos or decline of 10 percent.
In [...]

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Home Valuation Changes

April 8, 2009

Home Valuation Code of Conduct Changes Effective May 1, 2009
The Federal Housing Financing Agency’s Home Valuation Code of Conduct (Code, or HVCC) will be effective on May 1, 2009, and will require that the lender order the appraisal. The intent of the Code is to help ensure that borrowers, homebuyers and secondary mortgage market investors [...]

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Why buy Naples real estate now

January 28, 2009

Jim Cramer: Florida Raises Hope for U.S. Real Estate
It appears that Jim Cramer thinks that Florida is the model for the nation’s real estate market. He thinks that Florida was the first state to feel impact of the real estate bubble and now after 2 years it has bottomed out with the rest of the [...]

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Estero Condos for Sale Inventory

October 20, 2008

As a seller you want to know how many Estero condos are competing with you for the prospective buyers looking at Estero condos, as well as how aggressive you need to be with your list price. As a buyer you want to know how large a selection of condos are on the market and if [...]

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Estero Homes for Sale Inventory

October 20, 2008

The actual number of Estero homes for sale increased from August to September, with homes for sale increasing by 19 homes. The total available homes was 456 in August versus 476 at the end of September. However, due to the level of closed sales the months of inventory for Estero homes for sale has remained [...]

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Fed Rate Drops .5 Percent

October 8, 2008

In a surprise move, the Fed slashes rates by 50 basis points today.
How will this effect interest rates on mortgages?
Federal Reserve cuts in the federal funds rate have an unpredictable impact on long-term mortgage rates. So it’s impossible to know for sure when — or even if — rates will fall as a result of [...]

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Estero Condo Market Update

September 11, 2008

August Activity:
Listings:
During the month of August 31 Estero condos were listed for sale. For the same month in 2007, 43 condos were listed for sale; this represents a decrease of 27.9 percent. The decrease from 2006 was 50 percent from the 62 new listings. In July 2008 a total 43 condos were listed for sale.
In [...]

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