New Changes To Florida Condominium Laws Take Effect July 1st
Below is a summary of new Florida laws as of July 1, 2018, applicable to condominiums: 1. Official records – 718.111(12)(b)/HB841. Plans, permits, warranties, declaration, articles, bylaws, rules. meeting minutes and accounting records from the inception of the association must now be kept forever. Chapter 718 previously required these documents to be kept for only […]
Closed Sales, Median Price & The Number Of Days It Takes To Sell All Edge Up 2% In May In The Bonita Springs-Estero Market
The Bonita Springs-Estero REALTORS® May 2018 Report shows these overall findings for both single family and condominiums combined. Month over Month 5/2017 Month over Month 5/2018 % Change Pending Sales Units 297 315 8 Closed Sales Units 345 351 2 Median Closed Price $290,000 $295,000 2 Average Days on Market 97 99 2 12-Month […]
Fort Myers Beach Town Council Gives Final Approval To New Hotel & Resort
Southwest Florida residents may be excited to know about the city council’s approval of the sprawling TPI-FMB project that was unanimously voted for on Monday. Fort Myers Beach Talk reported that the development will bring a 254-unit resort hotel, aquatic venue, restaurant and pedestrian bridge at the entrance to Fort Myers Beach where Helmrich Plaza […]
Flood Insurance Premiums Go Up April 1st
Many homeowners and buyers in flood-prone areas will see higher flood insurance premiums starting April 1. The premium hikes, which are required by law, will be as little as 2 percent for some properties and as high as 24 percent for others. On average, the increase will be about 8 percent. “The National Flood Insurance […]
Home Sales In The Bonita Springs/Estero Area Down 4% In February; Non Updated Homes Lagging Market
According to the Bonita Springs-Estero REALTORS® Media Committee, homes that have been updated within the last three years are commanding higher prices and are competing against new construction homes. Reduced inventory in the $1 million plus price segment is also seeing less activity due to outdated finishes in and out of the home. “In the […]