Ellis Team at RE/MAX Realty Group

We’re excited to bring you The Future of Real Estate Radio Show now on video.  We just aired our first show which will be simulcast today on 3 radio stations along with the video.  The advantage to video is we will be able to show graphs and charts as we discuss the market.  We did have our...

This week we’ll focus on freshly updated numbers for the distressed segment of the Lee County real estate market.  It’s important to study this segment of the market as it has been responsible for a large chunk of sales, and has influenced pricing in the market. As you can see from th...

Last year we told you 3rd quarter sales were very strong, which led up to an almost record 4th qtr in 2008.  Official numbers are in, and 3rd qtr sales in 2009 blew past last years big numbers and surpassed 2005 record numbers by a mile.  To put this in perspective, last years sales numbers were ...

Experts say more high-end foreclosures are being filed, more houses are under construction and fewer people are moving in — all adding up to pull down prices in Lee County.

It’s been a few months since we’ve reported numbers for the Current Market Index, so here is the update.  The Fort Myers-Cape Coral area index now stands at 4.02, up slightly from 3.86 in September and 3.81 in August.  The lower the index numbers the better the market for sellers. Thi...

A few weeks ago we stated here that we believe there will be more mid to upper priced foreclosures coming to the market in the next year, as more Alt-A mortgages are foreclosed on as scheduled interest rate resets take effect. We’ve seen most of the sub prime loans already come and go from ...

Lenders and government officials are searching for ways to head off a wave of defaults on pay-option adjustable-rate mortgages.

This is another question we get asked a lot and the quick answer is value is in the eyes of the beholder.  It also depends on who you ask. If you ask the seller, they’ll tell you about how they personally built the house, what kind of insulation is in the attic and walls, how many screws ar...

The most asked question I get, both in daily business and on Facebook is, “Are prices about to spike up?”  People are reading that inventory is shrinking, and buyers are buying all the foreclosures faster than the banks can bring them to market.  People assume the foreclosure pool is ...

You’ve probably heard the term pent-up demand bantered about over the years.  Pent-up demand is a term used in business to describe consumers who have held off purchases, bolstering savings accounts in uncertain economic times, and waiting for consumer confidence to increase before unleashi...

We’ve been researching and studying the SW Florida real estate market ahead of official releases due out next week, and our preliminary research tells us we expect sales numbers to increase approximately 100% or more over last August sales numbers.  The third quarter of 2009 is setting up t...

You’ve heard the expression Tis the Season, and in real estate season can mean many different things depending on where you live, and what type of product you’re referring to.  For many years in SW Florida condo sales were highly dependent on seasonal sales, and in many tour developme...