The buyers current market

The beginning of 2006 has been better for buyers than sellers in the Southwest Florida real estate market. We saw a huge increase in property values last year with prices soaring on new and resold homes. Everyone was asking the same question, "When is the bubble going to burst?" Well, the real estate bubble didn't burst but it is shrinking.
Real Estate prices are dropping as investors are approaching tax time and interest rates are rising. Those who financed properties under short term ARMs are now starting to feel the pinch in their pocket books.
We all knew prices couldn't continue to rise at that pace. Now we're feeling a price correction in the SW FL real estate industry. Price drops are measured in the hundreds each day throughout Southwest Florida.
So, what does this mean to you? If your a buyer it's great news! Prices have come down some and you have some room to negotiate a fair price. But don't expect to be given the farm. Prices will remain higher than two years ago but there are bargains to be found. Have a Realtor help you find them. It's their job.
If you're a seller you have a lot of competition out there. Don't expect your house to sell quickly unless it's $250,000 or less. A Realtor can help you set an unbiased price that will yield you the greatest return in the least amount of time.
What will the future bring? I'm not a psychic, but prices should steadily increase as Baby Boomers look to SW Florida for retirement and pre-retirement homes. I think our prices will continue to rise, just not as sharply as in the last two years.
So buyers, buy now. Sellers, don't lose your shirt to sell your property fast. Enjoy SW Florida with our sunny real estate!

....next time, taxes & insurance.

Exceptional Lake Shamrock Home in Cape Coral

I am currently listing a beautiful 3/2 custom built home on Lake Shamrock in Cape Coral,FL. This 2540 sq. foot (under air) home was built in 1997 and has plenty of upgrades including: professionally designed landscaping, 3 car garage with enclosed AC workshop/work out room, lake front stamped concrete deck on lake corner for watching the sunset and BBQ; custom built cherry colored den (includes desk and cabinetry), walk-in master shower and garden tub and double sinks, Pergo floors in formal living room and family room, solid surfacing counter tops in kitchen, white raised wood cabinetry in the kitchen; pool bath has tiled shower - no tub, all rooms have California closet cabinetry, kidney shaped pool - shallow at both ends for playing volley ball, large lanai with bar area, above range microwave, side by side refrigerator, glass cooktop stove; Bosch very quiet dishwasher; Neptune washer & dryer; all windows and doors have roll down storm shutters - most are push bottom electric; 10 foot projection TV with surround sound entertainment system included in family room; wired for alarm system; stamped concrete driveway and in the pool area; ceramic tile roof; volume ceiling in entire home; intercom; 2 automatic garage doors; all assessments are paid; ceiling fans throughout home; carpeted bedroom; tiled floors and kitchen; breakfast bar in kitchen; and much more! The home is located on a three lot corner site on Lake Shamrock. There is NO DOCK or lake access on the property. It is located on the corner of the lake. Perfect for those who what the lake view but don't have a boat. Very nice neighborhood located just off Hancock Bridge Parkway and Del Prado Blvd. The asking price is $540,000.
I would be happy to show you this home. It's ready for new owners today. I happen to know a lot about this property. The owners are my parents! Call me at 239-470-9773 to look at this beautiful home.
Click here for MLS listing sheet
http://fortmyersmls.rapmls.com/scripts/mgrqispi.dll?APPNAME=Fortmyers&PRGNAME=MLSLogin&ARGUMENT=umtBNgWEjllfSYWMTGuCnQ%3D%3D

LAKE VIEW










FLOOR PLAN












POOL















FAMILY ROOM












KITCHEN