Naples Florida Real Estate News - 08/27/07

August 27, 2007 Posted in Real Estate News 

Today’s real estate news shows optimistic sales of existing homes, but don’t expect the usual condition of a home’s exterior.

FLORIDA JULY HOME SALES - With positive economic conditions such as low mortgage interest rates and job growth continuing in Florida, statewide sales of existing single-family homes totaled 11,674 in July and were closer to activity in July 2001 and 2002 – before the housing boom years, than the July 2006 figures, according to FAR. The statewide existing-home median price was $237,500 last month.

HOMES FOR SALE - An usual situation in the Naples real estate market - Forget curb appeal. Problems in the mortgage market have created an upswing in the number of listings with knee-high grass, scum-green pools and missing appliances.

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