Leugers Group - Brokered by eXp Realty

Our Purpose:

"To raise the bar in our society by rendering life-changing high value service that saves the people we serve time, money and frustration."

Wednesday, October 8, 2014

October Market Snapshot for Southwest Florida

There are many great Gulf Coast Area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Value Report so you know what buyers will pay for your home in today's market. You may also call me at (239) 398-3131 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Today, we'll take a look at the national real estate numbers because most buyers in Southwest Florida are from out of town. Our goal is to arm you with data you can use when selling your home, wherever it might be, and buying here in the Sunshine State.

Existing home sales have increased and continue to do so, with annual home prices up 6.8 percent. We'll start seeing prices increase at a rate of 4%-6% once the market stabilizes. That shouldn't be long, as home prices are close to where they were in 2005.

In Southwest Florida, we've seen a 2.8% decrease in the total number of sales since last year. This dropped because the total number of distressed sales and short sales dropped 2.6% and 53%, respectively. This is great news, as it means our market is finally getting back to normal.

Interest rates are still really low nationwide. According to the national numbers, the return on investment is far greater in real estate than in the stock market, dating back to January of 2000. What's all this mean? Well, now is a great time to be in the market to buy or sell in Southwest Florida!

Would you like help taking advantage of these great conditions? Give us a call or shoot us an email - we're always available to lend a hand!