“Realtor Frazier from California says when a properly priced house comes onto the market, it excites prospective buyers and has something of a halo effect, as they imagine their idyllic lives in the home. But when a home is priced too high, it has the opposite effect. “They look for every possible flaw, real or imaginary” he says. Buyers are deflated when they like a home but it is overpriced”.

 

In today’s market, price is everything. Despite the overall downturn in the market, homes are still selling, and people are moving. But with high inventory levels in many markets across the country, buyers have a lot to choose from, and sellers need to get their attention. Setting an attractive price goes a long way toward getting those  potential  buyers in the door. 

 

 

Beachview update Eagle Run sold recently and here are some reasons:

·         Was $1,095,000 and was lowered to $994,000

·         75% of the listings in Beachview are over $1 million

·         50% of the sales are lower than one million dollars

 

 

 

Median price info for Sanibel

07 $790,000                      $670,000

08 $700,000                      $612,500

Median price for South Ft Myers 33907,33908, 33919

Down 18.1%                     down 20.7

 

 

From 2001 to 2006 Lee county constructed more homes than there were people to absorb. Currently there is the opposite effect taking place. We are not building enough and inventory levels are dropping. This usually indicated the beginning of a stabilizing market.