Home Foreclosures In Florida Drop Significantly In 2011; The Entire Process Now Takes Over Two Years
RealtyTrac released its Year-End 2011 U.S. Foreclosure Market Report today. It shows a total of 2,698,967 foreclosure filing actions – default notices, scheduled auctions and bank repossessions – reported on 1,887,777 U.S. properties in 2011, a decrease of 34 percent in total properties from 2010. Foreclosure activity in 2011 was 33 percent below the 2009 [...]
Lee County Median Price Up 36% In Past Year, Total Sales For 2011 Down From 2010
Florida Realtors, the statewide association of local Realtor boards, has released 2011 statistics for Lee County which show a dramatic rise in median price during the past twelve months. The median selling price for Lee County homes and condominiums was $123,400 in December, a whopping 36% increase from December 2010 when the median stood at $90,700. The [...]
Naples Home Sales Up 5% In 2011, Total Properties For Sale Shrinks 17% During Same Period
In yet another sign that Southwest Florida’s housing slump has turned the corner, the Naples Area Board Of Realtors (NABOR) has released full year statistics that show a shrinking inventory of homes for sale and an increase in total sales for 2011. 8,280 homes and condominiums traded hands in the Naples area in 2011, an [...]
Lee County Building Permits Hold Steady in 2011
Builders in unincorporated Lee County pulled 373 permits for new, single-family homes in 2011, including six permits in December. The annual total compares to 384 permits issued in 2010, according to the Lee County’s Department of Community Development. There were 136 multi-family units permitted in 2011, including duplex and apartment units. Of those, six were [...]
Retirees Lead Florida Housing Rebound
While international buyers have been heralded as the leaders of a Florida real estate rebound, a recent Census Bureau report on migration trends indicates that U.S. residents from northern climates are once again heading to Florida for retirement. Between April 1, 2010, and July 1, 2011, Florida welcomed 256,000 new residents, or roughly 560 new [...]






