August SFR sales update

While the rest of the world crashes, we are increasing in sales! This data is a courtesy of one of our Corp Sponsors. All of our Corp Sponsors can be found at http://www.swflreia.com/businessdirectory.html If you are an investor these are the people you should be doing business with. If you have a service to offer investors, you should be a Corp Sponsor of the SWFL REIA Lee County

• Lee County SFR Sales August 2008: 710
• Lee County SFR Sales August 2007: 424
• Active listings Lee County 11567
• We absorbed 6% of the Inventory
• 73 Percent Increase Month over Month in Sales

Lehigh Acres

• Lehigh Acres August 2008: 124
• Lehigh Acres August 2007: 61
• Active Listings Lehigh Acres 2730
• We absorbed 5% of the Inventory
• 103 percent increase Month over Month in Sales

Cape Coral

• Cape Coral August 2008: 378
• Cape Coral August 2007: 184
• Active listings in Cape Coral 4293
• We absorbed 9% of the Inventory
• 105% Increase Month over Month in Sales

Fort Myers

• Fort Myers August 2008: 113
• Fort Myers August 2007: 132
• Active listings Fort Myers 2803
• We absorbed 4% of the Inventory

Final Notes

• Sales are up Year over Year.
• Corp. Sellers still dominate the market.
• Lehigh Acres seems to have found pricing desirable to buyers.
• The high foreclosure areas are the leading edge of increasing sales due to the inventory available.
• Short sales are still not prevalently closing
  • 21 SFR closed in 2007
  • 98 SFR closed in 2008
    • 5407 Active Short Sale Listings Currently.
• North Fort Myers seems to not be affected as much by Foreclosures. East of Slater road looks pretty much the same pre-2005.

Charts and Graphs will be posted later today in the Members section at http:www.swflreia.com Prepared by Cristina Tumbarello, Realtor she can be reached at cristina.tumbarello@yahoo.com