Select Page

We are very bullish on the long-term performance of housing in the SW Florida region. Parts of our region remain financially stable, while others are experiencing a reduction in property value.

Are you in a Market Reset?

Normally, for every 10 properties for sale, there are at least 5 additional properties under contract. In the illustration in this video, there are 6 sellers for every 1 buyer. 

[ba_number number=”10:5″ use_counter=”on” title=”1 Buyer for every 2 Sellers” number_alignment=”center” number_height=”80px” number_width=”180px” number_bg_color=”#015c92″ _builder_version=”4.27.4″ _module_preset=”default” number_font=”|600|||||||” number_text_color=”#ffffff” number_font_size=”2rem” title_text_align=”center” title_text_color=”#354559″ title_font_size=”1.5rem” border_radii_number=”on|100px|100px|100px|100px” global_colors_info=”{}”][/ba_number]

Normally, for every 10 properties that have recently closed the sale, 2 properties were removed from the market as expired listings. Thus, normally about 20% of properties don’t sell. In this illustration about 50% are not selling. A classic indication of a reset market.

[ba_number number=”20%” use_counter=”on” title=”Of properties don’t sell” number_alignment=”center” number_height=”80px” number_width=”180px” number_bg_color=”#2d82b5″ _builder_version=”4.27.4″ _module_preset=”default” number_font=”|600|||||||” number_text_color=”#ffffff” number_font_size=”2rem” title_text_align=”center” title_text_color=”#354559″ title_font_size=”1.5rem” border_radii_number=”on|100px|100px|100px|100px” global_colors_info=”{}”][/ba_number]

Normally, for each active property for sale, 20-25% may have 1 price reduction. In this example, nearly 50% have had at least 1 price reduction.

[ba_number number=”25%” use_counter=”on” title=”May reduce the price at least once” number_alignment=”center” number_height=”80px” number_width=”180px” number_bg_color=”#87ceeb” _builder_version=”4.27.4″ _module_preset=”default” number_font=”|600|||||||” number_text_color=”#ffffff” number_font_size=”2rem” title_text_align=”center” title_text_color=”#354559″ title_font_size=”1.5rem” border_radii_number=”on|100px|100px|100px|100px” global_colors_info=”{}”][/ba_number]

Normally, the “days on the market” average is less than 30 days to sell each property. In this example, half the properties are over 100 days.

[ba_number number=”30″ use_counter=”on” title=”Days or less on the market” number_alignment=”center” number_height=”80px” number_width=”180px” number_bg_color=”#90e0ef” _builder_version=”4.27.4″ _module_preset=”default” number_font=”|600|||||||” number_text_color=”#ffffff” number_font_size=”2rem” title_text_align=”center” title_text_color=”#354559″ title_font_size=”1.5rem” border_radii_number=”on|100px|100px|100px|100px” global_colors_info=”{}”][/ba_number]

TSUNAMI

A tsunami will cover and knock down a whole city. A financial tsunami does not knock down property, it just washes away the equity. In this video example, it is evident that this market is in a RESET and it is moving fast.

YOUR MARKET

A mortgage company has asked us to reach out to you to see if you are still accepting offers, and to verify if the property would appraise at its current (or prior) asking price.

We have been asked by a mortgage company to contact you. Mortgage firms vs. real estate companies have possibly 10 times the volume of buyers, vs. real estate agents. For your property, we evaluate the following 3 items for mortgage firms.

Is your property available in 30-60 days?

Is it in move-in condition?

Will the property appraiser at the current asking price (or most recent?)