Home prices drop in January

Existing homes resale prices drop 10.9 percent The Lee County existing home resale market cooled in January, with the average sale price dropping from $322,300 in December to $287,200, a decrease of 10.9 percent. Sales volume was off 30 percent dropping from 1,084 to 751. The question that remains unanswered[…]

Inflated home sales numbers

Are Ft. Myers and Cape Coral MLS boards double reporting?One of the things that truly befuddles me is why both Ft. Myers and Cape Coral both need their own real estate boards. As the two organizations use different information systems and do not currently share data, a significant number of[…]

MLS mess

SW Florida MLS dysfunction In a world where customer-friendly graphical user interfaces and relational databases rule the day, the state of the SW Florida MLS systems are a disaster. The various Realtor boards in the area remind me of medieval fiefdoms that seem to have forgotten their sense of purpose.[…]

NAR vs. web

Real estate anit-trust hearingsA major showdown is underway in Washington pitting the traditional real estate practitioners dominated by the National Associaction of Realtors against the new web-savvy discount practitioners. While I am not taking sides in this epic battle, in the end consumers will ultimately decide who the winners and[…]

Spec vacation homes

Investors building high-end spec homes in luxury areasA growing trend in the luxury vacation home sector is the spec building of second homes by investors. Many investors are focusing on the ultra-luxury communities like Boca Raton and Park City, Utah. According to the National Association of Realtors, 13 percent of[…]