Wade Ellis's (wadegene) Blog

December turned out to be a the strongest month since June as 1,322 homes were sold with the use of a realtor. Thats 300 more than November. With prices starting to stabilize in certain segments, buyers are starting to recognize that these prices will not last forever and are taking advantage of ...

2010 was a solid year for Venetian Village and even showed slightly stronger numbers than 2009. There were 15 total sales for the year with only 6 being distressed. Compare that to 2009's 14 total sales with 9 of them being distressed and thats a nice swing. Some other numbers in the positive dir...

On average the bank either approves or counter offers a short sale within 8-10 weeks. If you are an investor or 2nd home buyer, this might be worth it as most short sales are priced at or below normal market value and if not, the seller is typically willing to sign an offer that is in order to av...

2011 will most likely be another strong year for distressed sales as banks are starting to move forward on the foreclosure process again. In Lee County, foreclosure filings were a bleak 421 for the month of November. Already there have been 260 so far this month and the pace will most likely pick...

You may have heard a realtor talk about a BPO recently like it is a well known acronym, and maybe have been to afraid to ask what it was. When a bank wants to assess the value of a property, they hire real estate agents to perform a Broker Price Opinion as it is a more cost effective way than ord...

October sales for multifamily properties were down 31% from last year according to the Florida Association of Realtors. Just like Single family this is in part of a decreased inventory but sales were down 13% from just a month prior. In previous years most condo sales were done in the 1st quarter...

The median sales price for October 2010 went back down to $90,000 after a promising rise in September of $94,400. This may not be all bad news as the median sales price of last October was $91,600. This stating that prices have not come down as a whole in a year. The number of sales for October t...

Short sales have become the best solution to avoid foreclosure. Most banks are not giving loan modifications and a Deed-in-lieu is still a foreclosure. With so many opinions, it is hard to know who and what to believe.  Some people are choosing to walk away from their property rather than doing a...

Santa Luz at Gateway will be the community being built near the new Boston Red Sox spring training facility. The property was abandoned during the housing crash and is now being planned to complete 64 units in 16 buildings. Units will have great room floor plans and 2 car garages. The lower units...

Just like the single family market,the median sales price for condos went up in September as well to $105,500. Thats up 11% from last months $94,600 median price and up 3% from last September. As some foreclosures are being taken off the market temporarily, buyers are forced to look at more tradi...