No shock here, but there is an increasing volume of Florclosure sales in Lehigh Acres, but short sales are out pacing all.
One year ago there were very few foreclosure sales, 21 short-sales and 19 non-distressed sales. The number of sales has declined throughout the year and currently in the month of May no non-distressed sales have occurred and the number of foreclosure sales have caught up with short-sales.
It is clear to see that these types of sales have had a negative impact on market values with overall price declines in the Lehigh Acre marketplace. Typically, when homes are sold at foreclosure or offered as a short-sale they are offered at prices that will result in a quick sale, within 60-90 days.
What's happening in your marketplace.
I would like to take this opportunity to introduce myself to the community. I am a Florida State Certified RE Appraiser RD-4424. My practice is in the SW Florida marketplace, specializing in high-end and water-front properties.
Real Estate Market analysis is another of my specialties so watch for ongoing installments of what is taking place in the SW Florida Market Place. Follows is a sample chart tracking sales trends in Cape Coral Florida.
What is your market doing?
Kat...
Kathleen Bryce
http://www.leecountyappraisals.com
Florida State Certified Real Estate Appraiser RD4424
Trust your appraisal needs to an appraiser that is experienced in the Southwest Florida marketplace. Kat brings a strong Business, Construction, and Software Development background into her appraisal practice, resulting in an eye for your home's best features.
Market analysis is one of Kat's Specialties. When your report is delivered you will know that the you will have all the information you need on the subject and the current market conditions to make a sound lending decision.
Waterfront properties in Lee County are especially challenging, depending on water depth, canal width and run time to open water, your waterfront property should be valued by an appraiser that understands all the nuances involved in your waterfront home site.
Kat is experienced in all area of Residential Appraising in the South West Florida Marketplace. This includes Single Family, 2-4 unit multi-family, vacant land. Kat's specialty is high-end and waterfront homes.
Also market analysis consulting services are offered. More information is available on my website.
I have been publish in Appraisal Scoop for my article on charting market trends. You can find a link to the article on my website.
Comments from users who read my article:
I finally got a chance to get to read this.
Great job Kat. Thanks for putting this together. I look forward to your next contribution.
Posted by: Bruce Peshek | October 12, 2007 at 06:43 PM
Thanks Kat! To those of you who have not learned to chart, here's a little encouragement - all it took was one evening on the sofa after the kids went to bed and Kat's clear, easy to read step-by-step instructions.
Posted by: Jim Westman | December 12, 2007 at 12:23 AM
I have to admit...I was a bit intimidated with trying to graph stats in excel but with these easy instructions I was able to do it in less than an hour! Thanks Kat you have increased my ethos by leaps and bounds!
Posted by: Robert J. Clary | December 13, 2007 at 09:05 PM
Kat,
Thanks for your help and input. I struggled for hours while attempting to input data into Microsoft Access and then move it to Excel with little luck. Re-read your article and sure enough - I can graph!!
Now what does it all mean????
thanks
Posted by: Craig Handyside | December 17, 2007 at 12:43 PM
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