Spring 2006: The Residential Marketplace

This year is an excellent time to buy property in southwest Florida.   Many sellers, fearing they waited too long, have finally listed their homes for sale.  Many buyers are waiting, afraid they won't get the best deal if they buy too soon.  So, although not too many offers are being written right now there is a good bit of pent up demand.

Folks, I don't think there is going to be a big drop in prices in this area.  People continue to want to own homes here - both full time and second homes - and we are not seeing the kind of mass exodus that brings home prices down.  The only people leaving are some of the speculators, but that will help us reestablish a normal market. 

What this does mean is that you, the potential buyer, now have more choices, and you need not feel that you must make a full-price offer on the first suitable home you see.  This is a welcome change.  However, don't be fooled into thinking that home prices won't start to appreciate again. Once this all sorts out - in twelve to eighteen months or so - demand will once again start to bring upward pressure on prices. So, start looking now.  With guidance from a good, experienced REALTOR, especially an exclusive buyers' broker like I am, you can feel free to go ahead and buy when you find the home of your dreams.  You won't be sorry.

Some very good values available now -

I've had this condo on the list for several months and don't understand why no one has jumped on it.  Now at $299,999, it is the least expensive 2 bedroom plus den condo of this size west of 41 in the Bonita Estero  area.  This special end unit has a private courtyard as well as a screened lanai.  Built in 2001, it has 1613 square feet under air and a garage.  It is in a gated community with nice amenities, and it is close to everything.