Thursday, April 18, 2024 / by Brooke Cole
Over the past six years, the average value of homes in Florida has experienced a significant increase, doubling in value within that relatively short timeframe. This rise in home prices is particularly notable in cities like Miami and Tampa, which tied for the third-fastest price doubling among major U.S. cities.
According to a recent study by Point2, while the national median home price doubled over the course of ten years due to a combination of factors such as inflation, limited supply, and high demand, Florida experienced this doubling much more rapidly.
For instance, in Miami, the average home price surged from approximately $290,000 in 2018 to the current median of $583,000, while in Tampa, prices climbed from $213,500 to $430,000 during the same period.
Analyzing historical data, researchers found that Tampa and Miami were among the top three cities with the fastest doubling of home prices. This trend was not limited to these two cities; other major Florida cities like St. Pel ...
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Thursday, January 4, 2024 / by Brooke Cole
In the competitive world of real estate, finding a partner with a proven legacy and local roots is essential. At RE/MAX Nautical Realty, we bring three generations of expertise to help you navigate the SWFL market seamlessly.
Discover why our clients choose us for their real estate journey and how our commitment to honesty, loyalty, and dedication sets us apart. From exclusive deals with the Westin resort to our advanced app and white-glove service, explore the advantages of working with the most trusted name in SWFL real estate.
We blend old-school work ethic with cutting-edge technology, ensuring sellers get top dollar and buyers find their dream home at the best price.
Explore the SWFL real estate experience on our website: FindCapeCoralAreaHomes.com ...
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Wednesday, May 10, 2023 / by Brooke Cole
This is our re-write based on an article by Amber Bonefont.
While the national housing market has slowed down, South Florida continues to witness positive gains in home values, albeit at a slower pace. According to a report by ATTOM Data, a provider of nationwide property data, approximately 65.3% of residential properties with mortgages in South Florida were classified as "equity rich" in the first quarter of this year.
To determine the number of properties building equity, researchers analyzed mortgaged residential properties in the area with varying loan-to-value ratios. To be considered "equity rich," the combined estimated loan amount could not exceed 50% of the estimated market value, indicating that homeowners possessed at least 50% equity.
The data reveals a steady increase from the previous two quarters in the tri-county area: in the fourth quarter of 2022, around 64.5% of homes were classified as equity rich, while in the third quarter of 2022, approximately 63% of homes f. ...
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Tuesday, November 5, 2019 / by Brooke Cole
One of the most important steps in purchasing a home is the home inspection!
When you buy, the contract has a written number of days for you to have the home inspected before you decide whether you want to move forward. This home inspection period is crucial. During that time, if you determine you want to back out of the deal, you get your earnest money deposit back!
It's so important to see what a licensed inspector has to say of the house. At The Cole Team, we have a list of trusted inspectors you can use!
However, there are a few myths and misconceptions we hear regarding home inspections.
1. Pass/Fail
An inspector does not pass or fail a home on the inspection. The home inspector's job is to give you a closer look at any issues they might've found while inspecting the home. Once they send you the report on the defects found in the home, it's up to you to decide whether to move forward with the deal or to cancel.
2. Defects and Repairs
Don't assume a seller has to make repair! ...
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Wednesday, October 2, 2019 / by Brooke Cole
October 3rd
Oktoberfest at Fort Myers Brewing
Running Thursday - Sunday the 6th (Times vary)
“Dust off your lederhosen and grab Das Boot, it’s time for Fort Myers Brewing's 7th Annual Oktoberfest!” There will be a food truck rally and live music.
Thursday times: 3 P.M. - 11 P.M.
Fort Myers Brewing Company
12811 Commerce Lakes Dr. #28, Fort Myers, FL 33913
FB Link: https://www.facebook.com/events/469586150545822/?event_time_id=469586157212488
October 4th
Farmer Mike’s 5th Annual Fall Festival & Haunted Attractions
Runs Fridays, Saturdays and Sundays October 4th - 27th
Times vary by day.
Includes their newest attraction: Zombie Paintball, a 10 acre family-friendly corn maze and of course, “Pick Your Own Pumpkin”
Farmer Mike’s U Pick
26031 Morton Ave. Bonita Springs, FL 34135
FB Link: https://www.facebook.com/events/652473405287088/?event_time_id=656169724917456
Ticket Website: https://www.farmermikesupick.com/ ...
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