Lee County foreclosures are stuck in the court right now, but this may soon emerge in the market further upsetting the scenario. The problem is this could happen at a time when the demand for houses is picking up in the county and sales prices are up ticking, sales are on. In other words, the [...]
There are strong signs that Lee County’s real estate market is getting stronger. This is the result of the statistics released by Florida Realtors last Wednesday, that show a jump in median price of an existing house in Lee County. The figures are $117,100, up 21% from $96,600 for June of 2010. Condo prices are [...]
The Naples area housing inventory has had a sharp decline during the past 12 months, according to a report released by the Naples Area Board of Realtors. “Although the inventory has been consistently decreasing since November of 2008, the percentage decline of 18.5% during the past year is indicative of the rapidly escalating market,” said [...]
Multi-million dollar homebuyers are showing up in Naples. From the April to June period, sales for homes and condominiums prices above $1.5 million and up increased 20%, compared to the same period a year prior. There were 91 sales, up form 76 a year ago in this market, according to a report by the Naples [...]
According to the data published by Trulia, the average listing price in Lehigh was $76,494 and the median sales price was $58,000 as of June 22, which means a 3.6% increase in sales price since 2010. Single family homes sales totaled 218 in May, according to the latest stats published by the Realtors Association of [...]
Homebuyers across Florida spent $22 million on foreclosures according to Action.com statistics. These numbers reflect the first 2011 summer Florida foreclosure series with live events in Miami, Orlando, Fort Myers and Jacksonville. During these events more than 72% of new bank-owned properties went to homebuyers: 269 out of 369. Deals of the Auction Series included: [...]
A developer – second in the row – who was building million-dollar-plus luxury homes in the Oaks at Boca Raton was hit by foreclosure lawsuit. The stake is 64 homes. AMT CADC Venture filed a foreclosure lawsuit June 16 against Albanese-Popkin the Oaks Development Group, along with managing members Leonard Albanese and Edward Popkin. The [...]
Court officials stated Lee County will start reducing its rocket docket traffic, which pushed through about 54,000 foreclosure cases since its December 2008 inception. The original idea of the rocket docket was to put a dent in the growing foreclosure backlog, but soon it became the familiar moniker for the rapid-fire hearings in which judges [...]
