Lee County Real Estate after Irma

Lee County Real estate after Irma: This is an update to the case study “SWFL Real estate after Irma” that was presented by Jeff Tumbarello, Broker Steelbridge Realty LLC/ Director SWFL REIA at the SWFL REIA luncheon in October.

Disclosure:

• This presentation is meant to provide some guidance from a statistical point of view.
• This is my work done for my use and shared with you.
• All data exported from MLS and trended with Microsoft excel.
• Data was exported on 11/15/2017

Lee County Real estate after Irma: Where is the market today?

Volume Jan thru October YTD (Year to Date)
Lee County Residential

	2016	2017	DIFF
Sales Volume	$  4,460,924,501	$4,747,859,631	6.43%
Sales Counts	16,341	16,419	0.48%

Note: Volume is the most important metric in a market. The fact that volume is not down from a year over year perspective is a reason for optimism.

Lee County Real estate after Irma: Pricing
Jan thru September YTD
Lee County Residential

Average Sold Price	$ 272,990	$289,169	5.93%
Median Sold Price	$205,000	$220,000	7.32%

Note: The pricing always seem to go up after a Hurricane. I think the lower price points have more cancellations.

Lee County Real Estate after Irma: Cash Sales Percentage.
Jan thru September YTD
Lee County Residential

Sales Counts in cash	6,849	6,680	-2.47%
Cash %	41.91%	40.68%	-2.93%

Note: The cash sales percentage is still a very positive metric for the market.

Lee County Real Estate after Irma: October 2016 versus October 2017 Volume and Sales Counts

	2016	2017	DIFF
Volume	$      376,077,728	$368,417,806	-2.04%
Counts	1,406	1,318	-6.26%

Note: Some of the sales counts and volume are from the previous month.

Lee County Real Estate after Irma: October 2016 versus October 2017 Pricing

	2016	2017	DIFF
Average	$267,481	$279,528	4.50%
Median	$210,000	$215,000	2.38%

 

Lee County Real Estate after Irma: October 2016 versus October 2017 Cash Sales Metrics

	2016	2017	DIFF
cash	540	484	-10.37%
Cash %	38.41%	36.72%	-4.39%

Lee County Real Estate after Irma: Foreclosures:

From the October 2017 Lee County Foreclosure Trend Report

Notes:

• I have seen interviews with public and private individuals referring to a bump in the foreclosures.
• You have to understand the timeline to understand the possible trends.
• The earliest a foreclosure will be filed is roughly 90 days from today. Then you have generally a 6 month process.
• Due to our high percentage of cash sales since 2009. It is unlikely to trigger a mass event like the end of the last cycle.

Lee County Real Estate after Irma: How do we compare to other storms?

• Hurricanes have long had an influence on the Florida Real Estate market.
• The Florida Land Boom in the 1920’s was finished off by the 1926 and 1928 hurricanes.

Notes: From a pattern perspective we are resembling Wilma the most. Time will tell if that is the case.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

The post Lee County Real Estate after Irma appeared first on Steelbridge Realty LLC.

source https://northfortmyersonline.com/2017/11/15/lee-county-real-estate-after-irma/

14200 Beechwood Parkway Fort Myers. Pool home for sale.

Watch on YouTube here: 14200 Beechwood Parkway Fort Myers. Pool home for sale.
Via https://www.youtube.com/channel/UCcZImr64sN4bR4BB_JA82vg/videos

October 2017 Lee County Fl Foreclosure Trend Report

Watch on YouTube here: October 2017 Lee County Fl Foreclosure Trend Report
Via https://www.youtube.com/channel/UCcZImr64sN4bR4BB_JA82vg/videos

Medical Marijuana In North Fort Myers?

In case you were not aware Medical Marijuana In North Fort Myers is happening.

Where is Medical Marijuana In North Fort Myers happening?

A company named Trulieve is opening at 13971 N Cleveland Ave North Fort Myers Fl 33903 (Right next to the old Steelbridge Realty office)

Who is Trulieve? Their website says the following: “At Trulieve, we strive to bring you the relief you need in a product you can trust. Our plants are hand-grown in an environment specially designed to reduce unwanted chemicals and pests, keeping the process as natural as possible at every turn.

Our specially-trained staff will work hand-in-hand with physicians to provide the right products and the correct dosage to ensure patients get the compassionate care they need.

Our products are designed to alleviate seizures, severe and persistent muscle spasms, pain, nausea, loss of appetite, and other symptoms associated with serious medical conditions such as cancer. Our low-THC/CBD products are available for patients who need non-euphoric care.”

The company is opening 2 other locations in Lee County according to their website. 

Why did we write this? We do our best to keep North Fort Myers up to date on current trends that can affect the housing market (note we are not implying this will affect the housing market)

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

The post Medical Marijuana In North Fort Myers? appeared first on Steelbridge Realty LLC.

source https://northfortmyersonline.com/2017/11/02/medical-marijuana-in-north-fort-myers/

Paradise Isle formerly known as Paradise Preserve files a request to rezone

On 10/6/2017 Paradise Isle formerly known as Paradise Preserve filed a request to rezone 271.1 acres from Residential Planned Development (RPD), Marine Commercial District (CM), Commercial District (C-1A), and Multiple-Family District (RM-2) to Mixed Use Planned Development (MPD), to allow a mixed use development consisting of 1,200 multiple family dwelling units; 543 hotel rooms; up to 55,000 square feet of commercial/retail; up to 22,500 square feet of office; up to 23,000 square feet of accessory health spa/fitness facilities; an 18-hole golf course; 200 dry boat storage slips; a 200 wet slip marina; and up to 22,500 SF of stand-alone restaurant use; along with customary accessory uses.

Location: In general, the property lies north and south of Birkdale Avenue, east of SE 24th Avenue and off of Orange Grove Boulevard, south of Birkdale Avenue, North Fort Myers Planning Community, Lee County, FL.

The case number for the request is DCI2017-00019.

You can view the applications and plans here 

Paradise Isle formerly known as Paradise Preserve was once one of the most expensive foreclosures in Lee County history. The property–which includes a marina, golf course and other land.

A project of the size of Paradise Isle will have effects on the North Fort Myers market.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.

Podio – CRM done right

The post Paradise Isle formerly known as Paradise Preserve files a request to rezone appeared first on Steelbridge Realty LLC.

source https://northfortmyersonline.com/2017/11/01/paradise-isle/