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 Home Market Update Feb 08
New Listings: During the month of February 83 Estero homes were listed for sale. In 2007, there were 111 and in 2006 a total of 90. In January 2008, a total of 135 homes were listed for sale and 69 in December 2007. The absorption rate calculated for February was 9.2 months greater than the absorption rate for Naples (8.3 months) and Bonita Springs (4.4 months). In previous years the absorption rate was 9.3 months in 2007 and 6.0 months in 2006.
Pending Sales: In February, a total of 32 homes in Estero were placed under contract, which is 15 homes more than 2007 and five homes more than in 2006. Pending sales for January and December were constant at 23 homes.
Closed Sales: In February, 9 homes were sold, compared with 12 in 2007 and 15 in 2006. In January 2008 a total of 16 homes were sold and December 2007 the closed sales were 18 homes.
Median Sold Price: The median price for a home sold in Estero during the month of February 2008 was $290,000. In February 2007 the median price was $339,500 and $455,000 in 2006. The median price reduction has been 14.6% in the year over year period and cumulative decrease of 36.3%. The median price for January 2008 was $463,750 and December 2007 $415,000.
The number of Estero homes for sale is 213 or about 32 months of inventory to be sold.
Naples Real Estate News 02/25/08
FLORIDA HOME SALES - The mortgage credit crunch and a sluggish economy continued to affect the sales pace of existing homes and condos in Florida in January, with a total of 6,737 existing single-family homes sold statewide, a decrease of 28 percent from January 2007, according to the Florida Association of REALTORS. The statewide median sales price for existing single-family homes was $208,600.
For comparison purposes the sale of existing single-family homes in Naples was 111, a decrease of 20 percent, with a median sales price of $450,000. In Bonita Springs 26 homes were sold, a decrease of 16 percent, the median price was $802,500. Estero single-family homes sold were 16, an increase of 23 percent, with a median price of $463,750.
The areas of Naples, Bonita Springs and Estero are performing stronger than the statewide sales volumes.
HOMEOWNERS INSURANCE - State Farm Insurance, Florida’s largest private property insurer, plans to essentially shut the door to the Sunshine State. State Farm Insurance officials told the state last week that the company would essentially stop selling new homeowners policies in Florida.
HOME TRENDS - Because of their style, relative affordability and durability, metal roofs are becoming a popular alternative to asphalt-shingle roofs. Architectural metal roofs in new-home construction reached a projected 30 percent of the market in 2007, up from 23 percent in 2004, according to the National Roofing Contractors Association.
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 Home Market Report for November 07
New Listings:
A total of 101 Estero homes were listed in November 2007. When compared to November 2006, the number of homes listed was 76 – an increase of 25 or 33%. In November 2005, 92 Estero homes were listed – an increase of 9 or about 10%. The increase between 2007 and 2006 can largely be attributed to the volume of homes coming on the market in the Bella Terra neighborhood of Estero, which were built in 2006 and 2007.
Median Price Paid:
In the month of November the median price paid for a home in the Estero area was $377,500. In November 2006, the median price paid a home in Estero was $389,750 or a reduction in the median price of 3%. Looking at November 2005, the median price paid was $519,000 – the reduction in the median price is 27%. Significantly priced homes were sold in Grandezza, Wildcat Run, and Bella Terra during 2005.
Closed Sales:
The closed sales for homes in Estero during November were 21. In November 2006, the number of closed was 18 and 22 in November 2005; the respective changes are an increase of 2% and a reduction of 4%. The increase in the number of closings over 2006, it a good sign considering how the financing programs have become more restrictive. The volumes have remained fairly stable over the three years – this might reflective of the demand for homes in the Estero area. In addition, this is a positive sign considering the recent contraction of financing.
Pending Sales:
The volume of pending sales came in at 21 contracts. The 21, is an increase of about 17% from 2006’s 18, but 4% below 2005’s 22 pending sales. Looking at the pending sales volumes for the three years is rather interesting, since pending sales appear to be stable in the Estero area. As with the closed sales volumes, there could a positive signal due to the reduction of “liberal” loan programs and more restrictive underwriting guidelines.
Currently, there are about 530 homes available for sale in the Estero area, representing about 31 months of inventory – this is provides buyers with an excellent selection in a very strong buyers market. Estero should be strongly considered by prospective buyers of single family homes.
Estero Real Estate Transactions Homes
During the month of October 2006, 12 Estero FL homes were closed. The homes had an average price of $491,925 and the median price was $414,050.
In October 2005, 14 homes were sold. The average price of these homes was $414,957 and a median price of $393,750.
The average days on market in October 2006 was 136 days versus October 2005’s 35 days.
The volume of transactions remained the relatively the same between 2006 and 2005.
Clearly the average price increased, due to 3 homes being sold in excess of $700,000. In 2005, the most expensive sold for $649,900.
The median price paid increased due the more expensive homes being sold. It can also be seen through the price range – October 2006 - $230,000 to $860,000. The price range in October 2005 was $249,000 to $649,900.
The increase in the average days on market was seen in all price ranges in the Estero area.
If you are thinking about buying or selling, please think of me as your Estero FL REALTOR.
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.
Home Sales In Estero Real Market Dip
Estero an up and coming community within the greater Ft. Myers area of Lee County showed a drop in the number of the single family homes according to Estero real estate statistics from the SunshineMLS system.
In September 2006, there were a total of 13 homes closed. The price range for these homes were $252,500 to $900,000. The average price paid for a single family home was $447,073. This was down from the 27 homes sold in September 2005.
The drop is consistent with the sales drop of single family homes in the southwest Florida areas of Naples and Bonita Springs.