I hear this question daily in Cape Coral,"Have you hit bottom yet?" I guess that is the million dollar question! Well here is a little insight, today on the MLS I found a home in Cape Coral for less than $50,000! That is right- LESS THAN $50,000! Wow!! The lot that that home is on probably sold for more than $50,000 a few years ago! I heard that someone sold a lot 3 years ago for $79,000 and they recently sold the lot again for $85,000! The difference- this time the lot had a 3 bedroom, 2 bath, 2 car garage home on it!
So is it now safe to say we have hit bottom! We tried to find a corporate owned home today for under $100,000 that did not have multiple offers on it and found it next to impossible! Most all of the REO's under $100,000 are in multiple offer situations!
As I told someone today,"You never know that you are at the bottom, until you have missed it!"
Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida 239-549-9200
Greetings from beautiful Cape Coral, Florida! The latest numbers are out for our area sales in August and depending on your perspective the news is either good or bad! For Realtors the numbers are great because sales increased by 32% from this time last year! There were 684 sales which translates to 1368 transaction sides. It was reported as the largest year over year increase in Florida!
For sellers the news was not so encouraging because the median price dropped to$146,900 from $250,800!! Although there are still 15,000 homes on the market it is encouraging to see the increase in sales and the decrease in inventory!
So what can we take from this? If you are in the market for a home in Cape Coral or Ft. Myers, Florida now is the time to buy! Homes are selling at 1999 prices! It is a buyers market so jump in and take advantage of the current market conditions! They won't last forever!
Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida 239-549-9200
It has been another big month for buyers in Cape Coral, Florida. The deals are unbelievable! The focus is starting to shift from the entry level homes to the larger waterfront pool homes! In our office the client rooms have been filled daily with buyers from all over! We recently have been receiving a large number of inquiries from German and British buyers!!
I spoke to an agent today who has been in the business in Southwest Florida for five years. I asked her," How is business?" She looked at me and with a big smile she said,"I have sold more houses in the first nine months of this year than in any year before!"
"Wow. you said the market is bad!"
Have a great day!
Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida 239-549-9200
I can't believe I've been back in Cape Coral, from vacation for one week and still haven't posted an entry on my blog. I guess my wife that he was wrong, when she said that I could not last without posting an entry on my blog! Since I'd been back in town, the real estate market has been running me crazy! Buyers in all price ranges from the entry level prices right up to the Gulf access waterfront homes! It sure is a welcome change after the last 2 1/2 years!
So let's see what's transpired since I've been gone, well when I left Faye he was threatening to pay us a visit! Then her cousins Gustav and Hanna passed close by but never visited. Then this past weekend we got word that Big Ike was coming to see us! As I write this it appears that Ike is going to head up towards Texas!
Back in 2000 and I relocated to Southwest Florida, one of the deciding factors in settling here was what the likelihood of Cape Coral experiencing a direct hit from hurricane! I was informed by a friend of mine, that one of the reasons Thomas Edison decided to build his winter residence in the Fort Myers, Cape Coral area was that he felt this area was the least likely ever to experience a direct hit from hurricane! I have now been here for eight years, and the closest I've ever come is a brush by hurricane Charley in 2005! If this area was good enough for Thomas Edison, it certainly was good enough for me! Let's face it, Thomas was probably just a little bit smarter than me!
So according to the local paper that taxes are going down, insurance is once again attainable, the hurricanes are heading elsewhere, and real estate prices are where they were eight years ago. Are you starting to get the picture of why they call Cape Coral "Paradise!"
Have a great day!
Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida, 239-549-9200
Greetings from not so sunny Cape Coral, Florida! I know this is Thursday, and I missed the Hump Day humor! Sorry about that, but we had a date with Faye. We were prepared for the worst, but other then some strong wind, and lots of rain Cape Coral survived unscathed! The outer bands of the tropical storm are still affecting us with intermittent showers throughout the course of the day and some gusty winds!
The buyer activity was back to normal today with contracts being written on houses in all price ranges! Believe it or not, we have somebody submit an offer on a three bedroom two bath home with a pool for $69,000! That's right $69,000! Unbelievable!!!
During one of my training sessions this past week, we talked about the importance of picking your words carefully. People sometimes hear what they want to hear and what they hear is not what we meant! Here is an example of what I'm talking about:
It was a hot Saturday evening in the summer of 1964 in Cape Coral, Florida and Fred had a date with Peggy Sue. He arrived at her house and rang the bell.
"Oh, come on in!" Peggy Sue's mother said as she welcomed Fred in.
"Have a seat in the living room. Would you like something to drink?" Maybe a lemonade or an iced tea?
"Iced tea, please," Fred said. Mom brought the iced tea.
"So, what are you and Peggy planning to do tonight?" she asked.
"Oh, probably catch a movie, and then maybe grab a bite to eat at the ice cream shop, maybe take a walk on the beach..."
"Peggy likes to screw, you know," Mom informed him.
"Really?" Fred replied, shocked to hear this from her mom!
"Oh yes," the mother continued. "When she goes out with her friends, that's all they do!"
"Is that so?" asked Fred, incredulous.
"Yes," said the mother. "As a matter of fact, she'd screw all night if we let her!"
"Well, thanks for the tip!" Fred said as he began thinking about alternate plans for the evening.
A moment later, Peggy Sue came down the stairs looking pretty as a picture wearing a pink blouse and a hoop skirt, and with her hair tied back in a ponytail.
"Hi Fred!",she said!
"Have fun, kids!" mom said as they left.
Half an hour later, a completely disheveled Peggy Sue burst into the house and slammed the front door behind her!
"The Twist, Mom!" she angrily yelled to her mother in the kitchen. "The freakin' dance is called the Twist!"
Have a great day! I will be on vacation for a week celebrating my wedding anniversary in beautiful Myrtle Beach South Carolina! I hope we don't have another date with Faye!!
Mike Kelly, Sellstate Advantage Realty, Cape Coral, Florida, 239-549-9200
I am the Broker/Owner of Sellstate Advantage Realty in Cape Coral, Florida. I am also the National Trainer for Sellstate Realty. "It Doesn't Cost Anymore To Hire The Best!"
I arrived in Southwest Florida in April 2000 from the Northeast. I quickly realized that an opportunity existed in this area for Real Estate Professionals with an old fashioned work ethic! I was working with an investor trying to buy waterfront homes in Cape Coral and Ft. Myers. Within a short period of time it became apparent to me that agents in this area were all on vacation! They didn't return phone calls and they didn't work nights or weekends! Having been licensed up north, I immediately applied for real estate school and scheduled the state exam and within 2 months I had obtained my brokers license. It was just about the time our real estate boom started and I was soon closing 10-15 transactions a month! Within 2 years, with my wife Patti, we opened the first Sellstate Franchise in Cape Coral, Sellstate Advantage.
I have made it a prerequisite for all agents that work with us, that customer service and dedication to your business be paramount. The success that we have experienced since 2000 is directly tied to the commitment we have made to training our agents and customer satisfaction! We only hire the best of the best and our mission statement is and has always been,"To serve, lead and inspire people who want to succeed in the real estate business!" Through our commitment to our clients that we will insure their 100% satisfaction, we have developed our company slogan," It doesn't cost anymore to hire the best!"
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I hold the distinction of being the first Sellstate agent and I am very proud of that. Having been with Sellstate since their inception, I have seen our company explode! Our growth and our success are no accident. I have been trained by some of the top trainers in our industry and one in particular, Neil Cresswell. Neil is the founder of Sellstate and my mentor. What Neil has shared with me, I now share with every agent in the Sellstate family as the National Trainer. At Sellstate we know what it takes to be successful and we train our agents daily to be the best! There is no reason to reinvent the wheel, just implement what we already know works! I tell agents everyday that to be successful takes hard work, there are no shortcuts and there are no secrets! I will share everything I know, the question is, will you do it? "Everyone knows what they want out of life, however most are not willing to pay the price!" Sellstate agents pay the price everyday! When you decide to work with a Sellstate agent and in particular a Sellstate Advantage agent you can be sure you are working with the vey best!
About The Area
CAPE CORAL & THE SW FLORIDA AREA
Cape Coral is located in Lee County in Southwest Florida. Nearby cities include, Fort Myers Beach, Sanibel, Naples, Bonita Springs in Collier County.
Properties in these areas can be viewed through our website. One of the most attractive features of Cape Coral is the terrific year-round weather. What could be better than 335 days of bright sunshine?!?! The city receives about 53 inches of rain a year, between the months of May through September, and usually the storms are mid to late afternoon, you can still enjoy all outdoor activities in the morning!
"The Advantage team sold my home for 98% of the asking price after 2 other companies wasted a year of my time! Great job!"- Reiko Hall
"Mike Kelly and his team took all of the headaches out of the home buying process, by handling all of the details for us. They are truly professionals and I would recommend them to everyone!"- Patrick Devlin
"Real Estate schools only teach you how to pass the State Exam. Mike Kelly at Sellstate Advantage offers thorough and continuous training which paves the way for you to become a Real Estate professional"- Marie Marro, Agent
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