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Real Estate Briefs

July 26, 2013
Cape Coral Daily Breeze

Association: sales of

existing homes fall in June

Sales of existing homes (all types combined) that closed in Lee County in June totaled 1,568, a decrease of 4.3 percent compared to June 2012, according to the Realtor Association of Greater Fort Myers and the Beach. Single-family home sales decreased 3.8 percent in June 2013 compared to June 2012, while condo sales decreased 5.5 percent.

Compared to June of 2012, the number of single family short sales (101) decreased 43.9 percent and the number of foreclosures (124) decreased 35.1 percent. The number of completed traditional single family sales (827) is a 14.5 percent increase compared to last year.

In June, short sales and foreclosures made up 21.4 percent of the total single family home sales, while traditional sales made up 78.6 percent. Last year in June, those percentages were 34.0 percent and 66.0 percent, respectively.

The median price of existing homes sold in Lee County during the month of June rose 32.1 percent - to $185,000 - when compared to June 2012 and 4.9 percent compared to May 2013. Lee County's median price has risen 30.7 percent since January of 2013.

In addition to the overall median increase, each property type experienced a year-to-year median price increase in June, with short sales leading the way with a 39.0 percent jump. The median price of foreclosures increased 20.0 percent and the median price of traditional sales increased 23.5 percent.

"Lack of inventory (especially below $100,000) is continuing to drive prices up as first time buyers are competing with investors for available properties," said Doreen Falcone, president of the Realtor Association of Greater Fort Myers and the Beach. "A third of closed sales in June were in the $50,000 - $200,000 price tiers. Not only are first time homebuyers looking to purchase a home, but many current homeowners recognize that they need to act now before affordability and interest rates rise further."

New pending sales of existing single family homes those under contract and awaiting closing are currently at 1,154. The number of pending single family home sales in June 2013 is 17.5 percent higher than it was in June 2012 (982) and 21.2 percent lower than it was in May 2013 (1,465).

CCCIA to meet Aug. 8

The Cape Coral Construction Industry Association will meet Thursday, Aug. 8, at the Westin Resort at Tarpon Point, 5951 Silver King Road. Networking begins at 5:30 p.m. with the dinner and program starting at 6.

The CCCIA is located at 611 S.E. 11th Street, Suite A, Cape Coral. For additional information, call 239-772-0027.

Stevens Construction

completes Eye Centers of Florida

Stevens Construction has completed construction of Eye Centers of Florida, announced Mark Stevens, company president. Located at 2500 Tamiami Trail, N., in Naples, the 3,689-square-foot facility features 10 exam rooms, procedure room, staff lounge, reception, optical lab and retail area.

The Stevens Construction team included John "JJ" Slaugh as superintendent, Dan Adams as project manager and Sue Ziegenfus as project administrator. GMA Architects and Planners provided the architectural services.

Eye Centers of Florida will serve as the Naples office for Barrett Ginsberg, M.D., F.A.C.S., Claudio Ferreira, M.D. and Frederick T. Brown, O.D. under the direction of founder and medical director, David C. Brown, M.D., F.A.C.S.

With offices in Fort Myers, Tampa and Orlando, Stevens Construction specializes in providing construction management, general contracting and consulting services to clients and design professionals. Other services include site and design team selection, budgeting, project scheduling, permitting, cost and quality control and warranty service. The company builds healthcare, commercial and hospitality facilities. For information, visit or call 239-936-9006.



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