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 […]

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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 Reduced inventory in the $1 million plus price segment is also seeing less activity due to outdated finishes in and out of the home.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 […]

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Lee County Home Sales Down-Collier County Up In 2017-Median Prices On The Increase In Both Counties

The number of closed single family home sales in Lee County dropped slightly during 2017 when compared with the previous year. Home sales were down 1.5%, while the sale of condominiums increased 6.5% during the twelve month period. In neighboring Collier County, single family home sales increased 3.5% and condo sales were up 5% last […]

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It Now Takes Over 4 Years For A Lender To Foreclose On A Florida Home

–   ——————————————————————————————————————————-While foreclosures have dropped to pre-recession levels, a huge backlog is building due to longer processing times. The average time to foreclose jumped to more than 1,000 days nationwide in the fourth quarter of 2017 – a 14 percent increase from the previous quarter and a 28 percent increase from a year ago. […]

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Bonita Springs & Estero Area Home & Condo Sales Down 21% In December; Median Price Flat

The number of closed home and condo sales handled by members of the Bonita Springs-Estero Association Of Realtors, (B.E.A.R.), were down 21% in December of 2017 when compared with the same month one year earlier. The median price of all closed sales in December was $315,000, compared with $316,000 in December 2016. Here is the […]

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