First, what is a lis pendens?  A lis pendens is a written notice that a lawsuit has been filed with the courts concerning real estate. You could kind of call it…one of the first indicators of a possible foreclosure.

Everyone’s talking about foreclosures.  Are they slowing down?  Will there be a new wave?

It is important to keep in mind that not every lis pendens filing will turn into a foreclosure but I’ve been watching the overall numbers for a while now…waiting for a sign.  You tell me what you see……

If you would like me to send you more figures and graphs….drop me an email at deb@CapeDeb.com

10.15.11

• 24 new Residential listings, 18 under agreement, and 26 SOLD!!!

9.24.11

• 27 new Residential listings, 26 went under agreement, and 26 SOLD!!!

9.22.11

• 22 new Residential listings, 31 went under agreement, and 20 SOLD!!!

4.8.11

• 31 new Residential listings, 24 went under agreement, and 29 SOLD!!!

4.5.11

• 36 new Residential listings, 29 went under agreement, and 33 SOLD!!!

3.31.11

• 29 new Residential listings, 28 went under agreement, and 48 SOLD!!!

3.30.11

• 29 new Residential listings, 34 went under agreement, and 19 SOLD!!!

3.23.11

• 32 new Residential listings, 31 went under agreement, and 25 SOLD!!!

3.19.11

• 35 new Residential listings, 32 went under agreement, and 29 SOLD!!!

3.15.11

• 35 new Residential listings, 32 went under agreement, and 33 SOLD!!!

3.2.11

• 34 new Residential listings, 34 went under agreement, and 32 SOLD!!!

2.4.11

• 44 new Residential listings, 27 went under agreement, and 18 SOLD!!!

9.11.10

• 52 new Residential listings, 32 went under agreement, and 17 SOLD!!!

9.10.10

• 35 new Residential listings, 26 went under agreement, and 20 SOLD!!!

9.8.10

• 33 new Residential listings, 30 went under agreement, and 29 SOLD!!!

8.24.10

• 39 new Residential listings, 26 went under agreement, and 25 SOLD!!!

8.21.10

• 33 new Residential listings, 29 went under agreement, and 17 SOLD!!!

8.14.10

• 42 new Residential listings, 27 went under agreement, and 16 SOLD!!!

8.7.10

• 40 new Residential listings, 31 went under agreement, and 18 SOLD!!!

8.4.10

• 46 new Residential listings, 34 went under agreement, and 19 SOLD!!!

7.30.10

• 40 new Residential listings, 22 went under agreement, and 24 SOLD!!!

7.29.10

• 35 new Residential listings, 16 went under agreement, and 18 SOLD!!!

7.28.10

• 38 new Residential listings, 24 went under agreement, and 29 SOLD!!!

7.27.10

• 41 new Residential listings, 17 went under agreement, and 32 SOLD!!!

7.24.10

• 32 new Residential listings, 26 went under agreement, and 17 SOLD!!!

7.23.10

• 44 new Residential listings, 28 went under agreement, and 12 SOLD!!!

7.22.10

• 33 new Residential listings, 24 went under agreement, and 15 SOLD!!!

7.21.10

• 34 new Residential listings, 27 went under agreement, and 15 SOLD!!!

7.15.10

• 33 new Residential listings, 21 went under agreement, and 18 SOLD!!!

7.1.10

• 35 new Residential listings, 33 went under agreement, and 43 SOLD!!!

6.29.10

• 31 new Residential listings, 27 went under agreement, and 36 SOLD!!!

6.28.10

• 9 new Residential listings, 6 went under agreement, and 5 SOLD!!!

6.24.10

• 33 new Residential listings, 27 went under agreement, and 17 SOLD!!!

6.22.10

• 39 new Residential listings, 13 went under agreement, and 21 SOLD!!!

6.18.10

• 38 new Residential listings, 19 went under agreement, and 20 SOLD!!!

6.17.10

• 34 new Residential listings, 25 went under agreement, and 17 SOLD!!!

6.16.10

• 41 new Residential listings, 38 went under agreement, and 28 SOLD!!!

6.15.10

• 54 new Residential listings, 33 went under agreement, and 30 SOLD!!!

6.12.10

• 51 new Residential listings, 23 went under agreement, and 23 SOLD!!!

6.11.10

• 45 new Residential listings, 17 went under agreement, and 20 SOLD!!!

6.10.10

• 62 new Residential listings, 23 went under agreement, and 17 SOLD!!!

6.9.10

• 47 new Residential listings, 21 went under agreement, and 38 SOLD!!!

6.8.10

• 46 new Residential listings, 27 went under agreement, and 30 SOLD!!!

6.5.10

• 46 new Residential listings, 37 went under agreement, and 27 SOLD!!!

6.3.10

• 39 new Residential listings, 30 went under agreement, and 32 SOLD!!!

5.29.10

• 35 new Residential listings, 34 went under agreement, and 39 SOLD!!!

5.27.10

• 35 new Residential listings, 39 went under agreement, and 25 SOLD!!!

5.26.10

• 40 new Residential listings, 29 went under agreement, and 25 SOLD!!!

5.25.10

• 46 new Residential listings, 31went under agreement, and 32 SOLD!!!

5.22.10

• 44 new Residential listings, 24 went under agreement, and 31 SOLD!!!

5.19.10

• 39 new Residential listings, 40 went under agreement, and 32 SOLD!!!

5.15.10

• 28 new Residential listings, 35 went under agreement, and 33 SOLD!!!

5.12.10

• 29 new Residential listings, 34 went under agreement, and 20 SOLD!!!

5.11.10

• 35 new Residential listings, 30 went under agreement, and 24 SOLD!!!

5.7.10

• 36 new Residential listings, 30 went under agreement, and 45 SOLD!!!

5.6.10

• 54 new Residential listings, 26 went under agreement, and 28 SOLD!!!

5.5.10

• 48 new Residential listings, 28 went under agreement, and 32 SOLD!!!

5.4.10

• 37 new Residential listings, 38 went under agreement, and 41 SOLD!!!

4.30.10

• 31 new Residential listings, 44 went under agreement, and 32 SOLD!!!

4.29.10

• 44 new Residential listings, 42 went under agreement, and 33 SOLD!!!

4.28.10

• 46 new Residential listings, 34 went under agreement, and 21 SOLD!!!

4.27.10

• 47 new Residential listings, 30 went under agreement, and 34 SOLD!!!

4.23.10

• 44 new Residential listings, 52 went under agreement, and 38 SOLD!!!

4.21.10

• 51 new Residential listings, 39 went under agreement, and 27 SOLD!!!

4.17.10

• 50 new Residential listings, 37 went under agreement, and 21 SOLD!!!

4.15.10

• 48 new Residential listings, 34 went under agreement, and 16 SOLD!!!

4.14.10

• 53 new Residential listings, 22 went under agreement, and 26 SOLD!!!

3.30.10

• 48 new Residential listings, 37 went under agreement, and 33 SOLD!!!

3.27.10

• 32 new Residential listings, 35 went under agreement, and 31 SOLD!!!

3.26.10

• 39 new Residential listings, 34 went under agreement, and 31 SOLD!!!

3.25.10

• 44 new Residential listings, 35 went under agreement, and 23 SOLD!!!

3.24.10

• 43 new Residential listings, 52 went under agreement, and 22 SOLD!!!

3.23.10

• 41 new Residential listings, 33 went under agreement, and 26 SOLD!!!

3.20.10

• 44 new Residential listings, 37 went under agreement, and 23 SOLD!!!

3.19.10

• 45 new Residential listings, 34 went under agreement, and 33 SOLD!!!

3.18.10

• 55 new Residential listings, 22 went under agreement, and 27 SOLD!!!

3.15.10

• 18 new Residential listings, 31 went under agreement, and 12 SOLD!!!

3.13.10

• 39 new Residential listings, 31 went under agreement, and 22 SOLD!!!

3.12.10

• 33 new Residential listings, 27 went under agreement, and 25 SOLD!!!

3.5.10

• 60 new Residential listings, 42 went under agreement, and 19 SOLD!!!

3.3.10

• 43 new Residential listings, 33 went under agreement, and 40 SOLD!!!

2.26.10

• 44 new Residential listings, 32 went under agreement, and 24 SOLD!!!

2.25.10

• 44 new Residential listings, 44 went under agreement, and 18 SOLD!!!

2.24.10

• 39 new Residential listings, 33 went under agreement, and 25 SOLD!!!

2.23.10

• 54 new Residential listings, 32 went under agreement, and 30 SOLD!!!

2.20.10

• 34 new Residential listings, 42 went under agreement, and 19 SOLD!!!

2.19.10

• 47 new Residential listings, 35 went under agreement, and 38 SOLD!!!

2.18.10

• 55 new Residential listings, 32 went under agreement, and 30 SOLD!!!

2.17.10

• 37 new Residential listings, 34 went under agreement, and 23 SOLD!!!

2.16.10

• 31 new Residential listings, 27 went under agreement, and 22 SOLD!!!

2.13.10

• 45 new Residential listings, 34 went under agreement, and 19 SOLD!!!

2.11.10

• 49 new Residential listings, 43 went under agreement, and 16 SOLD!!!

2.10.10

• 51 new Residential listings, 40 went under agreement, and 11 SOLD!!!

2.9.10

• 56 new Residential listings, 32 went under agreement, and 19 SOLD!!!

2.5.10

• 43 new Residential listings, 32 went under agreement, and 13 SOLD!!!

2.4.10

• 68 new Residential listings, 36 went under agreement, and 18 SOLD!!!

2.3.10

• 57 new Residential listings, 43 went under agreement, and 17 SOLD!!!

2.2.10

• 35 new Residential listings, 31 went under agreement, and 29 SOLD!!!

1.30.10

• 67 new Residential listings, 46 went under agreement, and 36 SOLD!!!

1.29.10

• 43 new Residential listings, 28 went under agreement, and 24 SOLD!!!

1.28.10

• 37 new Residential listings, 44 went under agreement, and 23 SOLD!!!

1.27.10

• 45 new Residential listings, 29 went under agreement, and 20 SOLD!!!

1.26.10

• 43 new Residential listings, 36 went under agreement, and 32 SOLD!!!

1.25.10

• 13  new Residential listings, 9 went under agreement, and 3 SOLD!!!

1.24.10

• 9  new Residential listings, 10 went under agreement, and 2 SOLD!!!

1.23.10

• 37 new Residential listings, 44 went under agreement, and 11 SOLD!!!

1.22.10

• 47 new Residential listings, 33 went under agreement, and 16 SOLD!!!

1.20.10

• 48 new Residential listings, 28went under agreement, and 17 SOLD!!!

Do you want to know about the Cape Coral Real Estate Market?

Well……….Paradise is selling fast!

There are currently:

1430 single family homes for sale in Cape Coral, FL

1135  homes have sold in the past three months

That leaves us with an absorption rate of: 3.7 months

What does that mean?

Let’s say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 3.7 months….

Rule of thumb:

A ‘normal’ real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6%

You can have some of this FABULOUS weather too but you better hurry.

RUN don’t walk…..

Paradise is selling fast!

Single Family homes on the market in Cape Coral:

09/11 = 1433

06/11 = 1475

02/11 = 2441

04/10 = 2382

02/10 = 2414

12/09 = 2275

Can you see when things started to turn?

Most of my listings have sold and I am looking for more!  Do you know anyone selling?

Lee County Lis Pendens filed………

First, what is a lis pendens?  A lis pendens is a written notice that a lawsuit has been filed with the courts concerning real estate. You could kind of call it…one of the first indicators of a possible foreclosure.

Everyone’s talking about foreclosures.  Are they slowing down?  Will there be a new wave?

It is important to keep in mind that not every lis pendens filing will turn into a foreclosure but I’ve been watching the overall numbers for a while now…waiting for a sign.  You tell me what you see……

If you would like me to send you more figures and graphs….drop me an email at deb@CapeDeb.com

Do you want to know about the Cape Coral Real Estate Mareket?

Well……….Paradise is selling fast!

There are currently:

1433 single family homes for sale in Cape Coral, FL

1213  homes have sold in the past three months

That leaves us with an absorption rate of: 2.8 months

What does that mean?

Let’s say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 2.8 months….

Rule of thumb:

A ‘normal’ real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6%

You can have some of this FABULOUS weather too but you better hurry.

RUN don’t walk…..

Paradise is selling fast!

Paradise is selling fast! 

There are currently:

1475 single family homes for sale in Cape Coral, FL

1565  homes have sold in the past three months

That leaves us with an absorption rate of: 2.8 months  

What does that mean? 

Let’s say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 2.8 months…. 

Rule of thumb:

A ‘normal’ real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6% 

You can have some of this FABULOUS weather too but you better hurry. 

RUN don’t walk…..

Paradise is selling fast!

Those of us who are full-time Realtors know a trend when we see (feel) it.  We are in the trenches every day.  We start seeing trends early.  So, how is the Cape Coral real estate market?  Here is an example …    Read more…

Interested to see where the Cape Coral Single Family Real Estate Market is going and where is was?  Check out these figures….

3/1/11 – 3/15/11 ….. Sold SFR ….. = 252

3/1/10 – 3/15/10 ….. Sold SFR ….. = 251

3/1/09 – 3/15/09 ….. Sold SFR ….. = 259

3/1/08 – 3/15/08 ….. Sold SFR ….. = 100

3/1/07 – 3/15/ 07 ….. Sold SFR ….. = 102

3/1/06 – 3/15/06 ….. Sold SFR ….. = 138

3/1/05 – 3/15/05 ….. Sold SFR ….. = 193

3/1/04 – 3/15/04 ….. Sold SFR ….. = 169

3/1/03 – 3/15/03 ….. Sold SFR ….. = 104

3/1/02 – 3/15/02 ….. Sold SFR ….. = 77

3/1/01 – 3/15/01 ….. Sold SFR ….. = 63

3/1/00 – 3/15/00….. Sold SFR ….. = 49

Paradise is selling fast! 

There are currently:

2441 single family homes for sale in Cape Coral, FL

1225 homes have sold in the past three months

That leaves us with an absorption rate of: 5.9months  

What does that mean? 

Let’s say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 5.9 months…. 

Rule of thumb:

A ‘normal’ real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6% 

You can have some of this FABULOUS weather too but you better hurry. 

RUN don’t walk…..

Paradise is selling fast!

Lee County Lis Pendens filed………

 First, what is a lis pendens?  A lis pendens is a written notice that a lawsuit has been filed with the courts concerning real estate. You could kind of call it…one of the first indicators of a possible foreclosure.

 Everyone’s talking about foreclosures.  Are they slowing down?  Will there be a new wave?

 It is important to keep in mind that not every lis pendens filing will turn into a foreclosure but I’ve been watching the overall numbers for a while now…waiting for a sign.  You tell me what you see……

If you would like me to email you all the figures and graphs….drop me an email at deb@CapeDeb.com

Paradise is selling fast!

There are currently:

2525 single family homes for sale in Cape Coral, FL

1582 homes have sold in the past three months

That leaves us with an absorption rate of: 4.7 months

What does that mean?

Let’s say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 4.7 months….

Rule of thumb:

A ‘normal’ real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6%

You can have some of this FABULOUS weather too but you better hurry.

RUN don’t walk…..

Paradise is selling fast!

CALL OR EMAIL FOR A ‘FREE’ CAPE CORAL MAP ….

Debbie Cullen, CRS, GRI, ABR, e-PRO, SRES, RSPS, SFR

Serving SW Florida (Cape Coral…aka Paradise)

239.233.2322

deb@CapeDeb.com

www.CapeDeb.com

Paradise is selling fast! 

There are currently:

2298 single family homes for sale in Cape Coral, FL

1679 homes have sold in the past three months

That leaves us with an absorption rate of: 4.1 months  

What does that mean? 

Let’s say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 4.1 months…. 

Rule of thumb:

A ‘normal’ real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6% 

You can have some of this FABULOUS weather too but you better hurry. 

RUN don’t walk…..

Paradise is selling fast!

Newly released by the Realtor® Association of Greater Fort Myers & the Beach, Inc:

February 2010

In February, our members sold 1,141 single-family homes, which is 21.9% above last year and 12% above the prior month. The median price of a single family home in the Greater Fort Myers area was $85,000, down 5.6% from $90,000 a year ago due to the continued influence of distressed properties on the market. Buyers from around the country (and the world) continue to be attracted to our area because of the affordability, the low interest rates and the looming deadline for the home buyer tax credit.

January 2010

In January, a total of 1,079 homes were sold by members of the MLS, which is 22.5 percent more homes than the previous January. 1,799 pending sales were recorded, which is 29.8 percent lower than January 2009 and 48.2 percent lower than the prior month. The decline in pending home sales resulted in the months of inventory growing from 2.0 months in December to 4.1 months in January – this figure is still below what is considered to be a balanced market – 5-6 months of available inventory.

December 2009:

Members of the Association closed 1,340 single family home sales in December, bringing the total for 2009 to 16,789; this is a 91.4 percent increase vs. 2008 when 8,768 homes were sold.  Of the December sales, 48.3 percent were bank-owned, 18.2% were short sales and the remaining traditional sales made up 33.4 %. The median price was $89,929, which is 8.0 percent lower than the prior December; however, the median price continues to be driven down by the number of bank-owned and short sales properties. During Quarter 4, the median price for traditional sales was $135,000 (a 3.5 % decrease from the prior quarter), for bank-owned sales it was $69,900 (up 2.7 %) and the median price for short sales was $94,950 (up 6.6 % from last quarter).

You can have some of this FABULOUS weather too but you better hurry.  Paradise is selling fast!

There are currently:

• 2414 single family homes for sale in Cape Coral, FL
• 1402 homes have sold in the past three months

That leaves us with an absorption rate of: 5.1 months

What does that mean?

Let’s say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 5.1 months….

Rule of thumb:

• A ‘normal’ real estate market (if there is such a thing) has an absorption rate of 6%
• When is it a buyers market?  When the absorption rate is over 6 %
• When is it a sellers market?  When the absorption rate is under 6%

The tide has turned…but the deals are still available.  But  RUN don’t walk…..

Paradise is selling fast!

The tide has turned…but there are still deals available.

There are currently:

2382 single family homes for sale in Cape Coral, FL

1504 homes have sold in the past three months

That leaves us with an absorption rate of: 4.7 months

What does that mean?

Let’s say that not another house went on the market.  How long would it take to sell the existing inventory?  Only 4.7 months….

Rule of thumb:

A ‘normal’ real estate market (if there is such a thing) has an absorption rate of 6%

When is it a buyers market?  When the absorption rate is over 6 %

When is it a sellers market?  When the absorption rate is under 6%

You can have some of this FABULOUS weather too but you better hurry.

RUN don’t walk…..

Paradise is selling fast!