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2015 Another 2004 In SW Florida Real Estate?

Written by LaGace & Whitt on . Posted in Blog

By the end of 2004, real estate prices in SW Florida were rising at an accelerated pace. Sub-prime lending, zero interest loans, zero down payment and low interest ARMS that made home buying affordable to most consumers were being utilized to the fullest. With the increase in demand and a limited supply, home values began to sore. Florida reported an excess of 25% price increase from 2004 to 2005 setting real estate records.

New construction took off. If there aren’t enough homes on the market, what better time to start building them? SW Florida was a whirlwind of hammers, nails and construction vehicles clogging the roadways. The demand for new homes was at such an exorbitant rate builders could barely keep up… the US even ran out of drywall! (But that’s another story…)

Along came new rules cutting availability of sub-prime loans and the downward spiral began.

We all know what 2006-10 looked like in SW Florida, we’d like to forget, but we will always remember. Cape Coral was the epicenter and made world news for the record number of foreclosures. Once we hit bottom, we started climbing. By the end of 2013 the majority of foreclosures and short sales had washed through the system. Prices continued to climb at a steady, yet healthy rate. Cape Coral, Ft. Myers and the rest of Lee County started looking like a normal real estate market.

In 2014, permits for the new construction of single family homes increased 25.7%. A total of 2,999 single family permits were pulled by builders with 244 pulled in December.

Here we are, January of 2015. Everywhere you look you see a new home being constructed. Whether it is a luxury waterfront home or an entry level single family home on a non-waterfront lot, they are going up quickly. The inventory for existing homes is low. As it has always been for SW Florida, demand is high.

All the indicators are there. Lots are selling quickly, an easy way to turn a profit for even the smallest investor. Seems we are set to see that whirlwind of hammers, nails and construction vehicles clogging the roadways again. Our economy is growing and hopefully the harsh lessons of our previous boom will keep us in a healthy market.

 

Should I Sell My Cape Coral Home Now or Wait For Prices to Rise?

Written by LaGace & Whitt on . Posted in Blog

With home values on the rise in Cape Coral, many homeowners are asking themselves, “Should I sell my home now or wait for prices to rise further?” It is not a question that is simply answered and it is not a “one size fits all” answer to the question. In order to answer the question, Mr. Homeowner needs to ask himself a few other questions. (No, we aren’t answering a question with a question.)

First of all, Mr. Homeowner, what is your reason for selling right now? Do you need to relocate, downsize, is the family outgrowing your current home? If you have no immediate ‘need’ to sell, perhaps you may want to wait for the market to rise further… but before you do, answer a few more questions.

Mr. Homeowner, do you realize that if you wait for the market to rise, the price of the home that you purchase as a replacement will also rise? The mortgage rates that are now very good also stand a chance to rise. That will further add to your costs.

Have you ever heard that the Real Estate Market is cyclical in nature, Mr. Homeowner?   If you look backthrough the history of Real Estate you will see a trend. The market rises and falls and rises again. Are you willing to take the chance that the market is going to continue to rise and not start to turn downward?

Mr. Homeowner, have you taken a drive around our great city of Cape Coral recently? If so, you have surely seen all of the new homes under construction. While that is a great sign for our city and for our economy, it is not such a great thing for you. You are going to be competing with new construction. If Mr. and Mrs. Buyer can purchase a brand spanking new home for, let’s say even $100k more than your home, and they qualify for that amount, which one do you think they are going to buy? Yep, they are going to go for the bells and whistles!

One more question for you Mr. Homeowner. Remember a few years ago when NO ONE could sell their home because they were so upside down with their mortgage?  With home values on the rise, many of those homeowners are now turning right side up and able to sell their home. Just take a look at all of the homes for sale on our website www.lagaceandwhitt.com  What does that mean for you, Mr. Homeowner? That means more inventory. Inventory = Your Competition. The greater the number of houses on the market, the market then turns into a buyer’s market. Even if you are competitive in nature, you probably aren’t willing to risk dollars out of your wallet.

Now, Mr. Homeowner, take a look at the answers you gave to our questions. You should have a pretty good idea of what you want/need to do. So the next step is, mow your grass, tidy up the house and have it all pretty for LaGace & Whitt Partners of RE/MAX Realty Team to come over and take a virtual tour. Your house will be the star of the housing market by the weekend!

 

Land in SW Florida is a Great Investment!

Written by LaGace & Whitt on . Posted in Blog

Vacant land prices are on the rise. The time to scoop some up for an investment is now. With all of the new construction going on in Lee County, land sales are on the rise. For as little as $3,000 you can purchase a vacant lot in SW Florida. If you are interested in more information give us a call. Jay 239-443-8795

LAND SALES

The Real Estate Market in SW Florida is HOT!

Written by LaGace & Whitt on . Posted in Blog

Another beautiful home under contract by LaGace Partners!

This home was only listed for 10 days. With the superior marketing that LaGace Partners provide to their Sellers, homes attract a lot of interest quickly and generally have a Buyer in very little time. Do you know someone in Lee County that is interested in Selling or Buying a home? Give them our number and tell them we are the best! 239-443-8795

2801 SW 1st Ter.

LaGace Partners Gets Your Home SOLD!

Written by LaGace & Whitt on . Posted in Blog

LaGace Partners is the team you need behind you when you are looking to buy or sell a home! This house was listed by our team and put under contract by one of our team members within 3 days!!
438

Written by LaGace & Whitt on . Posted in Blog

17th

Another great investment property SOLD! Looking for an investment property for yourself? Start your search here and give us a call to help.

 
$99,900
Beds: 3
Baths: 2
Sq. Ft.: 1,130
 
© 2017 REALTOR® Association of Greater Ft Myers and the Beach. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the RA of FGC Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Realty Team are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information has not been verified, is not guaranteed, and is subject to change.
y-RPCoast-L data last updated at June 23, 2017 4:52 PM ET

 

Coconut Festival – Cape Coral 2013

Written by LaGace & Whitt on . Posted in Blog

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The Cape Coral Coconut Festival is an annual celebration of Cape Coral’s uniqueness to the Southwest Florida area. The event includes bands, entertainment, carnival rides, games, food, contests, crafts and much more!

This year’s festival will kick-off on Thursday with “Coco College Night” including local and popular DJ’s as well as the judging of the first Annual Student Art Competion. Friday evening will feature “Coco Country” with national recording artist, Travis Tritt on the main stage, plus the Toa Tropical Polynesian Dance Team and a Fuccillo KIA Fireworks Spectacular. Festivities will continue on Saturday with “Coco Rock” featuring additional national recording rock performers, Starship featuring Micky Thomas & Brian Howe of Bad Company on the main stage, a second Fuccillo KIA Fireworks Spectacular and the crowning of the first ever Coconut Festival Queen. The event will conclude with “Coco Family” Sunday featuring a variety of community groups on the main stage.

Event Hours:

New! “College Night”
Thursday, November 7
5:00 p.m. – 11:00 p.m.

Friday, November 8
5:00 p.m. – 12:00 a.m.

Saturday, November 9
12:00 p.m. – 12:00 a.m.

Sunday, November 10
12:00 p.m. – 10:00 p.m.

Admission Price:  $7 per day
(Children under 5 years old are free)
Includes concerts, venue shows, and fireworks on Friday & Saturday.

Concert Preferred Tickets:  $15  Includes special concert viewing area plus admission into the festival. For details, call (239) 573-3128.

All Day Carnival Wristbands: $25

Advanced carnival wristbands: $20

To buy tickets online in advance, CLICK HERE and select “All ages and events.”

Parking is FREE but limited so be sure to arrive early – especially on Friday and Saturday!

Gulf Access Pool Home in Cape Coral, FL SOLD

Written by LaGace & Whitt on . Posted in Blog

Sold $340,000

Sold $340,000

 
$350,000
Beds: 3
Baths: 2
Sq. Ft.: 1,524
 
$349,900
Beds: 4
Baths: 3 | 1
Sq. Ft.: 2,235
 
$349,900
Beds: 3
Baths: 2
Sq. Ft.: 1,731
 
Open House: Jun 25, 2017 12:00 PM - 3:00 PM
3906 SW 27th AVE, CAPE CORAL, FL 33914
$349,900
Beds: 3
Baths: 2
Sq. Ft.: 1,646
 
$349,000
Beds: 4
Baths: 3 | 1
Sq. Ft.: 2,500
 
$349,000
Beds: 3
Baths: 2
Sq. Ft.: 1,912
 
$349,000
Beds: 4
Baths: 2
Sq. Ft.: 1,970
 
$345,900
Beds: 3
Baths: 2
Sq. Ft.: 1,951
 
$339,900
Beds: 3
Baths: 2
Sq. Ft.: 1,442
 
$339,900
Beds: 3
Baths: 2
Sq. Ft.: 1,937
 
© 2017 REALTOR® Association of Greater Ft Myers and the Beach. All rights reserved.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the RA of FGC Multiple Listing Service. Real estate listings held by brokerage firms other than RE/MAX Realty Team are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information has not been verified, is not guaranteed, and is subject to change.
y-RPCoast-L data last updated at June 23, 2017 4:52 PM ET