Things Are looking up!

Posted At : February 3, 2010 6:40 PM | Posted By : Admin
Related Categories: Sanibel and Captiva Market Update

HI! Good news is all around us...Here are some of my notes from our business meeting this morning.

Foreclosure watch LeeCounty
1228 last month 2010 Jan
2304 Jan 2009   numbers are decreasing.
Building permits in LeeCounty
34 Jan 2010
 13 Jan 2009
Florida realtor article on home starts says that the first indicator of the market rebounding is the increase building permits. It means prices are coming up to make building a viable option. Yes!
Lee Co. set a record last year for sales. 16,260 single family sales vs. 8272 the year before ! (it doubled)
Real estate pro.org significant increase in people searching over a year ago
David Wright from San cap community bank talked about owner financing. Talk to sellers about the idea of holding a mortgage. The buyer can take out a bank loan to pay off the seller’s loan and costs, and then a seller can hold a mortgage for a qualified buyer, get 6% and possibly more for their home! Dave is a pretty creative guy…

 

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