Hi Everyone. Hope you're having a great holiday weekend!
I have some very interesting statistics for year-to-date sales for April 2009 compared with April 2008 for Lee County, Florida as well as nationally. These stats clearly show that real estate is picking up tremendously AND you can get some fabulous deals on homes, condos and vacant land.
Here's the info:
Ft. Myers, Lee County Statistics: April home sales were up 105.5% with 1,406 existing single-family homes sold, compared to 684 in April 2008. Pending sales improved 60.2% year to year, with 2,368 single-family homes pending versus 1,478 a year ago. Of significance is the drop in the number of single family homes listed on the MLS (at the end of April, there were 8,665 active listings of existing single-family residential properties compared to 12,324 a year ago, a decline of 29.7%). The supply of single-family homes shrunk to 3.7 months, which is less than half of what it was a year ago, when the supply was 8.3 months.
National Statistics: NAR’s Pending Home Sales Index rose 3.2 percent in March 2009, an increase NAR credits largely to first–time home buyers taking advantage of low interest rates and the $8,000 federal tax credit.
Florida Statistics: Sales of existing single family homes in Florida rose 25% in the 1st quarter 2009 compared to the same period a year earlier, according to FAR (Florida Association of Realtors). This is the 3rd consecutive quarter for higher exiting home sales. Statewide existing condo sales in the 1st quarter rose 19 percent compared to 1st quarter 2008.
So, if you are interested in finding a great buy, now is the time to invest in your future! Call me at 1-239-851-5188.
Rose
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