Southwest Florida Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Aug. 6, 2020

Don't Sit on the Couch this Weekend 08-07-2020

Events for August 7 - 14, 2020

 

Friday, August 7, 2020

Back to School Sales Tax Holiday!!

Miniature Masterpieces Trading Cards

6:00 PM Davis Art Center, 2301 First Street, Ft. Myers, FL

 

Saturday, August 8, 2020

Back to School Sales Tax Holiday!!

Plant Swap (bring a plant and take one someone else brought!)

9:00 AM - 9:00 PM Thrifty Garden, 1815 Fowler St., Ft. Myers, FL 33901

Beer Tastings Every Second Saturday

10:30 AM Alliance for the Arts GreenMarket, 10091 McGregor Blvd., Ft. Myers, FL 

 

Sunday, August 9, 2020

Back to School Sales Tax Holiday!!

Mask Exhibit

5:00 PM - 7:30 PM, Alliance for the Arts, 10091 McGregor Blvd., Ft. Myers, FL

 

Monday, August 10, 2020

Pirate Kid's Show, Virtual Online Program, birth to preschool children

9:00 AM - all day  https://leelibrary.librarymarket.com/events/pirate-kids-show

 

Tuesday, August 11, 2020

What's In Your Kitchen, 4-week virtual online program, online cooking demo teaches you how to make quick and healthy meals with things you already have   

11:30 AM - 12:30 PM  https://leelibrary.librarymarket.com/events/cooking-series-whats-your-kitchen-2

 

Wednesday, August 12, 2020

Food Truck Grab and Go, featuring Dynamite Street Eatz, Currie's Smokin Hot BBQ, and Wonderland Cookie Dough & Ice Cream

5:00 PM - 7:30 PM Alliance for the Arts, 10091 McGregor Blvd., Ft. Myers, FL

 

Thursday, August 13, 2020

Let's Make Dinner:  Using the Instant Pot and Air Fryer, virtual online program

6:00 PM - 7:00 PM  https://leelibrary.librarymarket.com/events/lets-make-dinner-using-instant-pot-and-air-fryer

Posted in Local Events
Aug. 6, 2020

SALES TAX HOLIDAY AUGUST 7 - 9, 2020

Home

Posted in Local Events
July 30, 2020

Don't Sit on the Couch this Weekend 07-31-2020

Events for July 31 - August 6, 2020

Friday, July 31

Virtual Game Night: Trivia, Charades, and Drawing over Video by Let's Roam Scavenger Hunt Adventures

7:00 PM - 10:00 PM

https://www.eventbrite.com/e/fort-myers-virtual-game-night-trivia-charades-and-drawing-over-video-tickets-107916647598

Saturday, August 1

Group Class and Latin Social with Kumodance by Rhythm in Motion

8:00 PM - 12:30 AM, Rhythm In Motion, 912 Del Prado Blvd. S., Cape Coral, FL

https://www.eventbrite.com/e/group-class-latin-dance-social-with-kumodance-tickets-115204311196?aff=ebdssbdestsearch

Sunday, August 2

Naples Beach Yoga at Seagate Beach by Wander Free Wellness

9:30 AM - 10:30 AM, North Gulfshore Beach Access, 4989-4999 Gulf Shore Blvd. N., Naples, FL

https://www.eventbrite.com/e/naples-beach-yoga-at-seagate-beach-tickets-107575240440?aff=ebdssbeac

Monday, August 3

Zumba with Jennifer -- LIVE on Zoom by Club Maple Ridge at Ave Maria

9:00 AM

https://www.eventbrite.com/e/zumba-with-jennifer-live-on-zoom-every-monday-at-9-am-tickets-100709031424?aff=ebdssbdestsearch

Salsa Dance Class by Brian Oakes

7:15 PM - 8:00 PM, Allstar Dance Studio, 4910 Tamiami Trail N., Ste. 118, Naples, FL

https://www.eventbrite.com/e/salsa-dance-class-tickets-98067240757?aff=ebdssbdestsearch

Tuesday, August 4

Tuesday Trivia Fort Myers by Spotlight Entertainment of SWFL, LLC

7:30 PM, City Tavern, 2206 Bay Street, Ft. Myers, FL

https://www.eventbrite.com/e/tuesday-trivia-fort-myers-tickets-72286213009?aff=ebdssbdestsearch

Wednesday, August 5

Virtual Game Night: Trivia, Charades, and Drawing over Video by Let's Roam Scavenger Hunt Adventures

7:00 PM - 10:00 PM

https://www.eventbrite.com/e/fort-myers-virtual-game-night-trivia-charades-and-drawing-over-video-tickets-107916647598

Thursday, August 6

Yoga Suave con Alexandra Salazar -- LIVE on Zoom en Espanol by Club Maple Ridge at Ave Maria

9:00 AM

https://www.eventbrite.com/e/yoga-suave-con-alexandra-salazar-live-on-zoom-y-facebook-tickets-103347625530?aff=ebdssbdestsearch

Zumba with Vanesa -- LIVE on Zoom by Club Maple Ridge at Ave Maria

6:00 PM

https://www.eventbrite.com/e/zumba-with-vanesa-live-on-zoom-tickets-101245287380?aff=ebdssbdestsearch

Posted in Local Events
July 24, 2020

A Real Estate Pro Is More Helpful Now than Ever

A Real Estate Pro Is More Helpful Now than Ever [INFOGRAPHIC]

A Real Estate Pro Is More Helpful Now than Ever | MyKCM

Some Highlights

  • A recent study shared by NAR notes that both buyers and sellers think an agent is more helpful than ever during the current health crisis.
  • Expertise and professionalism are highly valued and can save buyers and sellers time and effort along the way.
  • If you’re thinking of buying or selling a home this year, let’s connect to be sure you have a trusted professional on your side.
Posted in Market Updates
July 23, 2020

Don't Sit on the Couch this Weekend 07-24-2020

 

Events for July 24 - July 30, 2020

 

Friday, July 24

Annual Butterfly Count at Edison and Ford Winter Estates

10:00 AM - noon

2350 McGregor Blvd., Fort Myers, FL  33

Contact: 239-334-7419

$5 entry fee

 

Saturday, July 25

Cape Coral Farmers Market

8:00 AM - 1:00 PM

Club Square, SE 47th Terr. and SE 10th Pl., South Cape Coral, FL

 

Lee County offers free pool admission and free parking July 25 and July 26 at the following locations:

Parks: Lakes Park, Manatee Park, Hickey Creek Mitigation Park, Caloosahatchee Regional Park, Six Mile Cypress Slough Preserve, Caloosahatchee Creeks Preserve

Beach sites: Bonita Beach Accesses No. 1 and No. 10, Bonita Beach Park, Bowditch Point Park and Lynn Hall Memorial Park, San Carlos Bay-Bunche Beach Preserve, Bowman’s Beach and Turner Beach (north side only of Blind Pass)

Boat ramps: Punta Rassa, Matlacha, Davis, Pine Island Commercial Marina and Imperial River

Pools: Lehigh Community Pool, North Fort Myers Community Pool, Pine Island Community Pool and San Carlos Community Pool

 

Sunday, July 26

Cape Coral Farmers Market at Cape Harbour

9:00 AM - 1:00 PM

5789 Cape Harbour Dr., Cape Coral, FL

 

Monday, July 27

Fort Myers Bicycle and Pedestrian Master Plan virtual public meeting

5:00 PM

Register for the meeting here:  https://mcmahon.zoom.us/webinar/register/WN_tWcAkxmASgK3q4UBqDJlYw

 

Tuesday, July 28

Surfside Sunshine Farmers Market

8:00 AM - 1:00 PM

Veterans Pkwy. & Surfside Blvd., Cape Coral, FL

 

Wednesday, July 29

Stay at Home Storytime for Children

10:00 AM new stories posted on Lee County Library System YouTube Channel

https://www.youtube.com/channel/UCsaYb5V_cGMkibFCJf-BAbg

 

Live Virtual Book Club Event - Julie Clark, author of the best-selling new thriller "The Last Flight"

7:00 PM

register: https://www.crowdcast.io/e/murder-at-the-library-last-flight

 

Thursday, July 30

CareerSource SWFL Virtual Career Fair

10:00 AM - 1:00 PM

Register at:  https://www.premiervirtual.com/event/register/csswfl-july30

 

Posted in Local Events
July 23, 2020

Home Sales Hit a Record-Setting Rebound

Home Sales Hit a Record-Setting Rebound

Home Sales Hit a Record-Setting Rebound | MyKCM

With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark.

According to NARhome sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June: 

“Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the ongoing pandemic…Each of the four major regions achieved month-over-month growth.”

Home Sales Hit a Record-Setting Rebound | MyKCMThis significant rebound is a major boost for the housing market and the U.S. economy. According to Lawrence Yun, Chief Economist for NAR, the momentum has the potential to continue on, too:

“The sales recovery is strong, as buyers were eager to purchase homes and properties that they had been eyeing during the shutdown…This revitalization looks to be sustainable for many months ahead as long as mortgage rates remain low and job gains continue.”

With mortgage rates hitting an all-time low, dropping below 3% for the first time last week, potential homebuyers are poised to continue taking advantage of this historic opportunity to buy. This fierce competition among buyers is contributing to home price increases as well, as more buyers are finding themselves in bidding wars in this environment. The report also notes:

“The median existing-home price for all housing types in June was $295,300, up 3.5% from June 2019 ($285,400), as prices rose in every region. June’s national price increase marks 100 straight months of year-over-year gains.”

The graph below shows home price increases by region, powered by low interest rates, pent-up demand, and a decline in inventory on the market:Home Sales Hit a Record-Setting Rebound | MyKCMYun also indicates:

“Home prices rose during the lockdown and could rise even further due to heavy buyer competition and a significant shortage of supply.”

Bottom Line

Buyers returning to the market is a great sign for the economy, as housing is still leading the way toward a recovery. If you’re ready to buy a home this year, let’s connect to make sure you have the best possible guide with you each step of the way.

Posted in Market Updates
Nov. 29, 2019

Don't Sit on the Couch this Weekend 11-29

 

Events for November 29th - December 5th, 2019

 

November 29

Holiday Lights

Edison & Ford Winter Estates

2350 McGregor Blvd, Fort Myers

 

December 1

Holiday Boat-a-Long

Four Freedoms Park

4818 Tarpon Ct, Cape Coral

 

December 1

Vegan Fest

Eight-Foot Brewing

4417 SE 16th Pl, Cape Coral

 

December 2

Annual American Sand-Sculpting Championship Festival

Wyndham Garden Fort Myers Beach

6890 Estero Blvd, Fort Myers Beach

 

December 3

FSW Student Concert Series: Orchestra & Choir

Barbara B. Mann Performing Arts Hall at FSW

13350 FSW Pkwy. Fort Myers

 

December 4

Lakes Park Farmers Market

Lakes Park

7330 Gladiolus Dr, Fort Myers

 

Let me know of other events in the comments below! 

 

Have a great weekend! 

 

 

 

 

 

 

 

Posted in Local Events
Nov. 27, 2019

What You Need to Know About the Mortgage Process

Some Highlights:

  • Many buyers are purchasing homes with down payments as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity to learn more.
Posted in Weekly Post
Nov. 25, 2019

NOW is the Time to Sell

The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Report released by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling to keep pace. With this trend likely continuing throughout 2020, now is a great time to sell your house.

THE EXISTING-HOME SALES REPORT

The most important data revealed in this report was not actually sales. In reality, it was the inventory of homes for sale (supply). The report explained:

  • Total housing inventory at the end of August decreased 2.6% to 1.86 million homes available for sale.
  • Unsold inventory is lower than the 4.3-month figure recorded in August 2018.
  • This represents a 4.1-month supply at the current sales pace.

According to Lawrence Yun, Chief Economist at NAR,

“Sales are up, but inventory numbers remain low and are thereby pushing up
home prices.”

In real estate, there is a simple guideline that often applies here. Essentially, when there is less than a 6-month supply of inventory available, we are in a seller’s market and we will see greater appreciation. Between a 6 to 7-month supply is a neutral market, where prices will increase at the rate of inflation. More than a 7-month supply means we are in a buyer’s market and can expect depreciation in home values (see below):

As we mentioned before, there is currently a 4.1-month supply of homes on the market, and houses are going under contract fast. The Existing Home Sales Report also shows that 49% of properties were on the market for less than a month when they were sold. In August, properties sold nationally were typically on the market for 31 days. As Yun notes, this should continue,

“As expected, buyers are finding it hard to resist the current rates…The desire to take advantage of these promising conditions is leading more buyers to the market.” 

Takeaway: Inventory of homes for sale is still well below the 6-month supply needed for a normal market, and supply will fail to catch up with demand if a sizable supply does not enter the market.

Bottom Line

If you are going to sell, now may be the time to take advantage of the ready, willing, and able buyers who are out there searching for your house to become their dream home. Give us a call! 

Posted in Weekly Post
Nov. 22, 2019

Don't Sit on the Couch this Weekend 11-22

 

Events for November 22nd - 28th, 2019

 

 

November 22

Sand Sculpting Championship

Fort Myers Beach

 

 

November 22-24

Fort Myers Fair at Fenway South

11500 Fenway South Dr, Fort Myers

 

 

November 22-25

Lani Kai Pirate Weekend 2019

Lani Kai Island Resort

1400 Estero Blvd, Fort Myers Beach

 

 

November 23

SW Florida Comic Con

Crowne Plaza Fort Myers at Bell Tower Shops

13051 Bell Tower Dr, Fort Myers

 

 

November 23

Edison Ford Garden Festival

2350 McGregor Blvd, Fort Myers

 

November 23

World AIDS Day in the Park

Clemente Park

3229 Dr. Martin Luther King Jr Blvd, Fort Myers

 

 

Let me know if other events in the comments! 

 

Have a great weekend!! 

 

 

 

 

 

 

 

 

 

Posted in Local Events