{"id":241902,"date":"2010-01-28T12:22:33","date_gmt":"2010-01-28T17:22:33","guid":{"rendered":"http:\/\/www.foreclosuredeals.com\/wp\/?p=4893"},"modified":"2010-01-28T12:22:33","modified_gmt":"2010-01-28T17:22:33","slug":"listings-of-foreclosed-homes-drove-sales-jump-in-lee-county","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/241902","title":{"rendered":"Listings of Foreclosed Homes Drove Sales Jump in Lee County"},"content":{"rendered":"

Listings of foreclosed homes<\/a> drove the sharp rise in total sales of pre-owned homes in 2009 in Lee County<\/a>, based on sales figures from Florida Realtors.<\/p>\n

A total of 16,260 pre-owned single-family houses<\/a> in the county were sold in 2009, a 97-percent jump or almost double the 8,272 units sold in 2008. Of the Florida markets tracked by the realtor association, Lee County posted the biggest increase rate in sales. 2009 also marked another record year for home resales in the county.<\/p>\n

As sales of residential foreclosures<\/a> accounted for a huge percentage of total home resales, resale prices dropped substantially.<\/p>\n

In the Fort Myers and Cape Coral area, the median price for pre-owned single-family houses decreased to $90,400 in 2009, a drop of 43 percent from the $158,200 median in 2008. The area posted the sharpest price decrease compared to other areas tracked by Florida Realtors.<\/p>\n

According to Fort Myers-based realtor and real estate company owner Denny Grimes, his firm hit record house sales last year and sold off 44 percent more units than in 2005, another record year for his firm.<\/p>\n

Grimes, however, mentioned the negative price impact of listings of foreclosed homes on income. He said that despite the 44-percent increase in units sold in 2009, the total sales in dollars rose by only 12 percent compared to 2008, as the low resale prices knocked off the record sales volume. He added that real estate agents and brokers now have to step up their efforts and sell more homes in order to survive.<\/p>\n

Resales of condominium units also increased in the Fort Myers area. A total of 3,921 units were sold in 2009, marking a 72-percent increase from 2,275 units in 2008. The price median for pre-owned condos was $125,400, a 34-percent decrease from $189,400 in 2008.<\/p>\n

In December, pre-owned single-family units\/homes sales rose by 40 percent in the Fort Myers area to 1,487 units, up from 1,064 units in 2008. The sales price median has dropped from $106,900 in December 2008 to $94,500 in December 2009.<\/p>\n

Commercial foreclosures<\/a> also helped pull down property prices in the residential market, as prices of multifamily buildings<\/a> also dropped substantially. Pre-owned condo prices in December dropped to $120,800.<\/p>\n

Statewide, listings of foreclosed homes in December pulled down the median home sales price for pre-owned single-family homes to $142,600, down by 34 percent from the December 2008 median of $187,700.<\/p>\n","protected":false},"excerpt":{"rendered":"

Listings of foreclosed homes drove the sharp rise in total sales of pre-owned homes in 2009 in Lee County, based on sales figures from Florida Realtors. A total of 16,260 pre-owned single-family houses in the county were sold in 2009, a 97-percent jump or almost double the 8,272 units sold in 2008. Of the Florida […]<\/p>\n","protected":false},"author":4093,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-241902","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/241902","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/4093"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=241902"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/241902\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=241902"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=241902"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=241902"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}