Southwest Florida's Premier Real Estate
Investor & Property Management Connection.

Property Management Blog

Southwest Florida Real Estate is Rebounding

Web Admin - Thursday, December 08, 2011
featured image

Florida Real Estate is rebounding and three chief economists the state association’s 2012 Real Estate and Economic Forecast Conference in Orlando agree. 

“Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s 2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.” In Southwest Florida, agents and investors have felt that frustration for the last year.

Whether you are in Fort Myers, Cape Coral or Lehigh Acres agents and investors have seen a lot of multiple offer and highest and best situations when they first place the offers. Many of our investors who are still interested in purchasing more properties are sitting on the sidelines as the banks are slow to release their inventory. A great sign for Southwest Florida an the economy.

Mark Vitner, senior economist at Wells Fargo in Charlotte, N.C., said the U.S. economy will continue to face significant challenges, particularly financial concerns related to the European debt crisis. But he expects the U.S. economic recovery will continue next year, making it easier for Midwesterners, for example, to buy Florida homes.

“Florida’s economy is recovering, with tourism and healthcare leading the way,” Vitner said. And here in Southwest Florida, those are our two major industries. “International tourism has been particularly strong in Miami and Orlando.”

Dr. Lawrence Yun, chief economist for the National Association of Realtors®, said many Florida markets are showing sharp drops in inventories of homes for sale – a sign that demand is picking up and prices are stabilizing. “That’s a major change from just a year ago,” he said. “Buyers have stepped back into the Florida market.”

Noting the state’s powerful appeal to international buyers, Yun said he was particularly optimistic about the outlook for South Florida. “Don’t be surprised to see a gain in home prices in the Miami and Naples markets in the next 18 months,” he said. “From there, the recovery is likely to roll northward to Central Florida and then North Florida.” Currently year over year Southwest Florida’s inventory is down considerable from last year and the average sale prices has risen 15%.

All in all despite what is going on nationally, Southwest Florida is heading into 2012 with a positive outlook.

For more information on Florida’s housing and economic outlook, click HERE.


Recent Posts


Tags

payout Cape Coral Real Estate Air conditioning cages Fighting Tax Assessment Condos Cape Coral Property management Mortgage rates Sec 8 mortgages property managers Estero rental properties Ft Myers properties Sanibel Captiva Renting Distressd homes sales happy tenants Golf Fort Myers american dream property managent Southwest Florida Damage property management newsletter Foreclosure Bent Palms rental properties rental advertising renters expenses maintenance fees Property management Ft Myers tenants. Southwest Fl Rentals Lehigh Acres Duplexes real state ft myers Real Estate Markets hurriccane Investment company Tax Assessment news letter property management company land property manager Funished Pet Friendly property management services landlord taxes Naples real estate advise Home owners Lehigh Acres real estate investors landlords Real estate rebound security deposit Property management leases Tenant Selling Lee County Real Estate rental income Key Notes preventative maintenance News-Press investment properties marketing evicions screening process investor real estate news Rents market rent homes for rent Lawn Service Bonita Springs Cape Coral Pets allowed south ft myers real estate Landlord rental market Lehigh Acres Property management rental tips Property pending sales owners Lee County Property Management investors Air Conditioning Fort Myers Real Estate Colonial Country Club Key Real Estate estero investor management real estate company rent building permits investments Realtors HUD new home construction Fort Myers-Cape Coral water system maintenance. maintenance National Association of Realtors rental real estate investments management fees Investor impact Security deposit refund evictions Real Estate Market Watch real estate market A/C maintenance short sales South Florida inspections Real Estate Prices real estate sales Estero FL rental rates Key Real estate advisors filing taxes taxes Colonial Country Club Real Estate wear and tear Realtor Collier County Real Estate Values Ft Myers real estate property values Management Luxury Apartments Home values Beaches investment oppotunities Fort Myers Property Management sales 10017 Skyview Way tenants golf communities Ft Myers Lee County Property Mangement

Archive