Market Updates Archives - Steelbridge Realty LLC https://northfortmyersonline.com/category/market-updates/ Helping you buy, sell and lease! Mon, 25 Jul 2022 18:20:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.2 https://northfortmyersonline.com/wp-content/uploads/2018/11/1013167_10203142986164059_1653334501_n-150x150.jpg Market Updates Archives - Steelbridge Realty LLC https://northfortmyersonline.com/category/market-updates/ 32 32 Cities With the Most Expensive Real Estate https://northfortmyersonline.com/2020/03/30/cities-with-the-most-expensive-real-estate/ https://northfortmyersonline.com/2020/03/30/cities-with-the-most-expensive-real-estate/#respond Mon, 30 Mar 2020 19:08:07 +0000 http://northfortmyersonline.com/?p=5715 The world has rapidly urbanized within the last 100 years. In fact, the percentage of the world’s population living in cities has exploded past 50 percent in recent years as people move into urban areas away from rural ones. While most of the world, including America, traditionally lived in close-knit agrarian communities, technology and economic […]

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]]> The world has rapidly urbanized within the last 100 years. In fact, the percentage of the world’s population living in cities has exploded past 50 percent in recent years as people move into urban areas away from rural ones. While most of the world, including America, traditionally lived in close-knit agrarian communities, technology and economic pressures have caused a dramatic shift in favor of life in the big city. With that growth has come increased prices for real estate in high-value areas. Real estate pricing is an important issue for economic health as it often prevents much-needed talent from affording the cost of living in the cities. Here are a few examples of cities with the most expensive real estate and how they got that way.

Cities With the Most Expensive Real Estate: Seattle

As the biggest city in the Pacific Northwest and home to giant corporations like Starbucks and others, Seattle is a hot place to live, especially for young professionals. The high quality of life in the city, relatively low crime rate, and generous social programs put it at the top of many people’s destination lists. However, with this popularity comes higher real estate prices. According to the YWCA, many housing experts cite the city’s massive population growth combined with the limited construction of new homes or the development of new areas in the city as reasons for the expensive real estate.

San Francisco

Arguably no city has a bigger real estate pricing crisis than the city by the bay. According to Callaway & Wolf, San Francisco crams nearly a million people into less than fifty square miles. As the home of tech giants Facebook and Twitter, among many other upstart tech firms, San Francisco houses one of the wealthiest and most well-educated populations in the world. This higher income of residents has contributed to the skyrocketing real estate costs, as has the lack of new housing.

Cities With the Most Expensive Real Estate: Washington, D.C.

The nation’s capital is home to nearly all the important federal agencies that employ millions of middle-class Americans. This large workforce has only grown recently with the expansion of the government’s activities. This growth has posed challenges for the city’s managers who now face a real estate crisis in their backyard.

These cities will likely continue to see increases in their housing costs as they continue to grow and attract more middle-class competition for housing. It’s important at times like these to be able to have a great real estate agent who can get you the best deals for any property you might want to buy.

If you want help finding your dream home, whethere it is the most expensive real estate or not, contact us to make an appointment with one of our stellar real estate agents!

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 



See below to see some of the most expensive real estate in Lee County Florida

​_<br /><br /> <a href=”https://podio.com/webforms/14884395/1020721″ target=”_blank”>Please fill out the form</a><br /><br />

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]]> https://northfortmyersonline.com/2020/03/30/cities-with-the-most-expensive-real-estate/feed/ 0 Should You Allow Pets in Your Rental Property? https://northfortmyersonline.com/2019/10/14/should-you-allow-pets-in-your-rental-property/ https://northfortmyersonline.com/2019/10/14/should-you-allow-pets-in-your-rental-property/#respond Mon, 14 Oct 2019 16:53:19 +0000 http://northfortmyersonline.com/?p=5636 Should You Allow Pets in Your Rental Property? Being a landlord means making tough decisions. You want your tenants to be happy and stay long-term, but their pets may cause damage to the property. It’s your house but it’s their home. How do you balance these concerns? Pets in Your Rental: People Are Willing to […]

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]]> Should You Allow Pets in Your Rental Property? Being a landlord means making tough decisions. You want your tenants to be happy and stay long-term, but their pets may cause damage to the property. It’s your house but it’s their home. How do you balance these concerns?

Pets in Your Rental: People Are Willing to Pay Higher Rent for Pets

It’s a good idea to consider a higher rent for pets and to seek a pet deposit. Even the most responsible pet owner and the best-trained pet can bring in fleas or have an accident on the carpet. When the tenant moves out, you want to be able to recoup the cleaning and repairs if the home is damaged. Be sure to include a line about pets in the lease so you have protection if you find animal damage. It’s also critical that you check for pets on every inspection. One litter box, poorly managed, can be a big headache for a landlord when the tenant moves out. If you have a “no pets” policy in place and find that the tenant has broken it, you have options such as asking for an addition to the deposit or amending the lease to bump up the rent.

Pets in Your Rental: Small Animals Don’t Do Damage

An animal that lives in a cage or tank within the home, such as a bird, gerbil or reptile, can be an ideal option. Tenants and their families can enjoy contact and bonding with an animal without putting your investment at risk. Regardless of any size restrictions on your pet policy, make sure to schedule regular inspections to head off any pet damage early. Birds in a cage aren’t necessarily destructive to the home, but some birds scatter seeds everywhere, and an untidy tenant with a bird can quickly invite pests such as mice into your property.

Pets in Your Rental: What About Larger Pets?

Larger pets often require more work at the end of the lease. Because larger pets tend to shed lots of hair and dander, cleaning up the home after the tenant moves out will need to be more thorough and may require a flea treatment. Understand that you also have responsibilities outside the home if you allow pets. Carefully inspect any fencing in place around the yard where the pet will live. You want to be sure the fence is continuous, and gates are secure. A landlord may be held liable for a tenant’s dog attack if the landlord fails to repair a broken backyard gate. Be sure to inspect both the house and the yard used by the pet to make sure that waste is being picked up in a timely fashion. If the tenant is responsible for mowing, inspect the property regularly to make sure that the grass is kept short to reduce the risk of fleas in the home. Pets add to our quality of life. Implementing a “no pets” policy may make it harder to rent your property but allowing pets may leave you with a sizable cleanup or repair bill. Carefully review the rental history of a prospective tenant to make sure they’re a responsible pet owner before renting your property to them.   If you’re looking for a new property to rent out, take a look at our listings!

 

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 

 

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]]> https://northfortmyersonline.com/2019/10/14/should-you-allow-pets-in-your-rental-property/feed/ 0 2019 Market Outlook for Lee County https://northfortmyersonline.com/2019/01/28/2019-market-outlook-for-lee-county/ https://northfortmyersonline.com/2019/01/28/2019-market-outlook-for-lee-county/#comments Mon, 28 Jan 2019 19:13:09 +0000 http://northfortmyersonline.com/?p=5430 The 2019 Market Outlook for Lee County was presented by Jeff Tumbarello, Broker of Steelbridge Realty at the South West Florida Real Estate Investment Association general meeting in January 2019. About the presentation: Data from MLS (exported 1/14/2019 9:26 AM) and public records. Trended with Microsoft Excel. Unless otherwise stated, charts contain all Residential assets. The information […]

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]]> The 2019 Market Outlook for Lee County was presented by Jeff Tumbarello, Broker of Steelbridge Realty at the South West Florida Real Estate Investment Association general meeting in January 2019.

About the presentation:

  • Data from MLS (exported 1/14/2019 9:26 AM) and public records.
  • Trended with Microsoft Excel.
  • Unless otherwise stated, charts contain all Residential assets.
  • The information was prepared for the use of Steelbridge Realty and shared at the meeting.

Click here for the slides presented at the meeting 2019 Market Outlook for Lee County

 

2019 Market Outlook for Lee County: What happened in 2018?

December 2018 statistically was a very bad month, 2018 statistically was a great year in spite of that.

Let’s talk about December 2018.

  • In my opinion, the stock market correcting was a few things:
    • Wall Street traders are/were reallocating for a cyclical bear market.
    • They did this because of Fed Bank rate hikes.
    • When the prime lending rate breaks 5.5%, we generally have a recession in 9 to 18 months.
    • Our leverage structure as a result of the aftermath of 2008 is different than in previous cycles.
  • High-Frequency trading went wild as a result.
  • The Plunge Protection Team got involved.

2019 Market Outlook for Lee County: Year over Year Metrics 2017 versus 2018

2017

 2018

% Difference

Sales Volume

 $5,584,071,334 $6,164,000,697 10.39%
Sales Counts 19,453 20,649

6.15%

Average Price

 $287,055 $298,513

3.99%
Median Price $219,998 $227,900

3.59%

 

2019 Market Outlook for Lee County: Year over Year Metrics

December 2017 versus December 2018

2017 2018

% Difference

Volume

 $449,669,822 $415,682,106 -7.56%
Counts 1,650 1,336

-19.03%

Average

 $272,527 $311,139 14.17%
Median $218,000 $230,000

5.50%

The drop in sales volume and sales counts is troubling. From media reports (we need to be skeptical of anything reported that has not been verified) this was a National “thing”.

2019 Market Outlook for Lee County: Sales by Year Built

There is a seesaw going on in the market between resales and new construction. Right now new construction is offering a quality product at a slightly higher price. From our experience, the consumer is recognizing the value and will to pay that premium.

2019 market outlook for Lee County sales by year built 2017 versus 2018

This Chart shows December 2018 versus December 2018.

2019 market outlook for Lee County sales by year built December 2017 versus December 2018

Notice how the reduction in sales counts was across the board of all the years built, this indicates a market issue not an asset class issue.

2019 Market Outlook for Lee County: Sales Count Patterns

2019 market outlook for Lee County sales count patterns 2017 versus 2018

Almost every December shows a higher sales count in December versus November. That did not happen in December of 2018.

2019 Market Outlook for Lee County: Bubbles of Sales Activity by Price

2019 market outlook for Lee County bubbles of sales activity 2017 versus 2018

The bubbles of sales activity by price showed the market is essentially the same year over year with the difference in price. This is essentially inflation. Below, is the chart for December 2017 versus December 2018.

2019 market outlook for Lee County bubbles of sales activity by price december 2017 versus december 2018

The difference in the bubbles of activity by price in December 2017 versus December 2018 is apparent. This is also across the board.

2019 Market Outlook for Lee County: Metrics by the City

This is the entire year versus the entire year.

By City % Difference

Year Over Year

% Difference Year Over Year

Sales Volume

 Counts

Average Price

St. James City

 19.76% 19.35%

0.34%

Sanibel

 23.66% 15.09% 7.44%
Punta Gorda 18.51% 14.29%

3.70%

North Fort Myers

 10.61% 9.74% 0.79%
Miromar Lakes 20.27% 22.54%

-1.85%

Lehigh Acres

 9.81% 0.47% 9.29%
Fort Myers Beach 3.98% 7.53%

-3.30%

Fort Myers

 11.33% 7.05% 3.99%
Estero 14.89% 12.25%

2.35%

Captiva

 8.01% -14.10% 25.75%

Cape Coral

 7.28% 3.71%

3.44%

Bonita Springs

 4.40% 5.52% -1.06%
Bokeelia 1.84% -0.89%

2.76%

Alva

 37.11% 28.03%

7.09%

Here is December 2017 versus December 2018.

December vs December % Difference

Year Over Year

% Difference Year Over Year
Volume Counts

Average Price

St. James City

 -0.51% 0.00% -0.51%

Sanibel

 -10.31% -20.83%

13.29%
Punta Gorda -4.08% 11.11%

-13.68%

North Fort Myers

 -17.00% -28.87% 16.68%

Miromar Lakes

 -18.96% 40.00% -42.11%
Lehigh Acres -15.79% -18.54%

3.37%
Fort Myers Beach 21.64% 23.53%

-1.53%

Fort Myers

 -16.59% -19.54% 3.67%
Estero 15.48% -11.54%

30.54%

Captiva

 -30.60% -50.00% 38.79%

Cape Coral

 -25.50% -28.85% 4.70%

Bonita Springs

 49.96% 5.98%

41.49%

Bokeelia

 45.72% 10.00% 32.47%
Alva 70.63% 20.00%

42.19%

2019 Market Outlook for Lee County: Pricing

2019 market outlook for Lee County pricing since 2001

2019 Market Outlook for Lee County average pricing since 2009.

2019 market outlook for Lee County pricing since 2009

2019 Market Outlook for Lee County average pricing since 2015.

2019 market outlook for Lee County pricing since 2009

The trendline shows growth more in line with inflation than an external growth pattern.

2019 Market Outlook for Lee County: Sales Counts by Property Type

Sales Counts by Property Type

2017

2018

The difference by % year over year.

Single Family

 12,519 13,295

6.20%
Villa Attached 811 884 9.00%
Low Rise (1-3) 3,466 3,643

5.11%

Mid Rise (4-7)

 709 778 9.73%
Townhouse 742 738

-0.54%

High Rise (8+)

 522 522 0.00%
Manufactured 587 702

19.59%

2019 Market Outlook for Lee County: Pricing by Property Type

Average Price 2017 Average Price 2018

The difference by % year over year.

Single Family

 $319,728 $335,470 4.92%

Villa Attached

 $207,076 $222,212 7.31%

Low Rise (1-3)

 $206,005 $209,948 1.91%
Mid Rise (4-7) $266,539 $263,556

-1.12%

Townhouse

 $187,575 $195,226 4.08%
High Rise (8+) $512,338 $526,010

2.67%

Manufactured

 $106,816 $110,881

3.81%

 

2019 Market Outlook for Lee County: Cash Sales Metrics

2017 2018 The difference by % year over year.

Number of cash sales

 7,988 8,306

3.98%
Cash % 41.06% 40.22%

-2.04%

2019 Market Outlook for Lee County: Distressed Sale Metrics

2017 2018 The difference by %  year over year.

Bank Owned

 630 454 -27.94%

Bank Owned %

 3.24% 2.20%

-32.11%

Short Sale

 100 79 -21.00%
Short Sale  % 0.51% 0.38%

-25.58%
Total Distressed 3.75% 2.58%

-31.22%

2019 Market Outlook for Lee County: Waterfront/Gulf Access Metrics

2017 2018

The difference by % year over year.

Gulf Access Counts

 2764 2797 1.19%

Gulf Access % of sales counts

 14.21% 13.55%

-4.67%

Waterfront Sales Counts

 6620 7028 6.16%
Waterfront % of sales counts 34.03% 34.04%

0.01%

 

2019 Market Outlook for Lee County: Supply and Demand Overview

As of 1/16/2019 @2:31 PM we have 6.11 months Inventory for Lee County Residential Assets listed in the MLS.

2019 market outlook for Lee County supply and demand this chart shows the correlation on average price and the sales counts

2019 Market Outlook for Lee County: Inventory by City

City

 Active listings # of Sales in the last 12 months 12-month burn rate

Number of months inventory
Lehigh Acres 746 2143 179

4

Cape Coral

 2613 5846 487 5
Fort Myers 3144 6651 554

6

Alva

 80 164 14 6
North Fort Myers 531 1073 89

6

Estero

 807 1425 119 7
Bokeelia 67 108 9

7

Matlacha

 21 32 3 8
St. James City 125 179 15

8

 

City

 Active listings # of Sales in the last 12 months 12-month burn rate

Number of months inventory

Bonita Springs

 1199 1710 143 8
Punta Gorda 51 72 6

9

Fort Myers Beach

 363 465 39 9

Miromar Lakes

 74 80 7

11
Sanibel 343 347 29

12

 

2019 Market Outlook for Lee County: Inventory by Zip Code

Postal Code

 Active listings annual sales counts monthly absorption Months of inventory

33972

 104 350 29 4

33971

 151 504 42

4

33976

 114 335 28 4
33907 159 447 37

4

33905

 224 615 51 4
33991 302 828 69

4

33974

 121 330 28 4
33909 322 878 73

4

33973

 22 58 5 5

33990

 266 693 58

5

33967

 219 526 44 5
33936 236 563 47

5
33919 462 1102 92

5

33917

 286 631 53 5
33966 167 366 31

5

33914

 726 1517 126 6
33928 512 1052 88

6

33913

 478 970 81 6
33901 194 388 32

6

33904

 558 1103 92 6

33912

 355 661 55 6

33993

 468 861 72

7

33903

 248 447 37 7
33916 220 389 32

7

34135

 832 1389 116 7
34135 832 1389 116

7

33908

 816 1355 113 7
33922 67 109 9

7

33956

 126 179 15 8
33955 51 72 6

9

33931

 366 468 39 9
34134 569 581 48

12

33957

 341 346 29 12

34119

 24 24 2 12

34110

 29 24 2

15

In real estate, any market with less than 6 months is considered to be a “seller’s market”. When the inventory is over 6 months it is considered to be a “buyers market”.

2019 Market Outlook for Lee County: Distressed Market Update

The negative price pressure from the last cycle was driven by distressed sales. This was the aftermath of a mania. We prepare a report each month about this, here is a link to the December 2018 Lee County Florida foreclosure report.

December 2018 Lee County Florida foreclosure report Lis Pendens since 2018

A word of caution about listening to Real Estate Agents who speak on their production.

  • Most agents can not see past their own financial status.
  • There are a lot of agents right now. These are only Residential Sales in the MLS.

–7,088 Agents had at least a closing in Lee County for 2018.

–4,932 Agents had at least 2 closings in Lee County for 2018.

–1,143 Agents had at least 10 closings in Lee County for 2018.

–345 Agents had at least 20 closings in Lee County for 2018.

Trends to Watch:

  • 2018 was pretty awesome across the mean.

  • 3 months had more than 2,000 sales!

  • That may be hard to beat.

2019 market outlook for Lee County sales counts by the month for 20187 showing what a great year 2018 was

Is almost all of the new construction trading outside of MLS or do we truly lack inventory?

  • There are 153 homes with a year built 2017 and newer that are active as of 1/16/2019.
  • 843 have sold in the last 365 days.
  • That is 2.17 months inventory.

2019 Market Outlook for Lee County: Cape Coral Single family Building Permits

2019 market outlook for Lee County single family permits pulled in cape cortal florida by the month

2019 Market Outlook for Lee County: Outlook for the Retiree Markets

2019 market outlook for Lee County Outlook for the retiree markets

2019 Market Outlook for Lee County: Possible overleverage points (These are national Stats here)

This is for commercial and industrial debt as reported by the Federal Reserve bank. Notice the growth since the last cycle.

2019 market outlook for Lee County Possible over leverage points

This chart shows the growth of residential debt, notice at the time of this chart, it has not surpassed the levels of the last cycle. I not saying it will not correct in the next correction but this is illuminating as to potential levels and intensity of correction. 

 

2019 market outlook for Lee County Possible overleverge points residential debt

 

2019 Market Outlook for Lee County: In Conclusion

  • 2018 was a great year from a statistical perspective.
  • It may be tough, just by the sheer numbers, to beat that year.
  • In 2016, all of the economic talking heads were calling for a recession 2 years out. In 2018, they were saying the same thing. At some point, it has to happen.
  • We have 2 different economic trends happening in real estate. The Baby Boomer generation retirement and the Millenial/Gen Z coming of age. Each will have different and specific impacts on the market.
  •  This market does not share the same modalities of the 2006 crash. If and when a correction happens, it will be different in intensity and duration. Using the last correction as a playbook can be problematic.
  •  December 2018 was pretty awful from a statistical point of view. January 2019 appears to be on the same path from a year over year perspective. Is this a trend or just the economy playing wait and see with the Macro pictures trials and tribulations?

If you have Real Estate related questions call 239 694 3300 or use the form below.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 




Subject: 2019 market outlook for Lee County

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]]> https://northfortmyersonline.com/2019/01/28/2019-market-outlook-for-lee-county/feed/ 4 Guide to Getting a Self Employed Mortgage Loan https://northfortmyersonline.com/2018/10/29/guide-to-getting-a-self-employed-mortgage-loan/ https://northfortmyersonline.com/2018/10/29/guide-to-getting-a-self-employed-mortgage-loan/#comments Mon, 29 Oct 2018 17:46:49 +0000 http://northfortmyersonline.com/?p=5234 Home-buyers Guide to Getting a Self Employed Mortgage Loan. It’s not a secret that one of the most important factors in getting a home mortgage loan is proving your income. I interviewed Tim Hart with VanDyk Mortgage about this topic. Traditional homebuyers are able to document this by providing their W2 earning statement.  Things get a little […]

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]]> Home-buyers Guide to Getting a Self Employed Mortgage Loan.

It’s not a secret that one of the most important factors in getting a home mortgage loan is proving your income. I interviewed Tim Hart with VanDyk Mortgage about this topic. Traditional homebuyers are able to document this by providing their W2 earning statement.  Things get a little more complex for a Self Employed Mortgage. Despite, having quality cash flow on hand, self-employed individuals often learn just how much their net income actually is after factoring in tax write-offs and other business expenses. Most lenders base their lending decision for a Self Employed Mortgage on net income.

In the video, Tim Hart discusses options for obtaining a Self Employed Mortgage. Guidelines for Self Employed Mortgage homebuyers have loosened of recent. For example, Tim has a program for Self Employed Borrowers who can use their business bank statements as income.

If you have Real Estate related questions call 239 694 3300 or use the form below.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn, Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm that caters to its clients and the community at large.

For more information call 239 694 3300 or use the form below.




Subject: Self Employed Mortgage

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]]> https://northfortmyersonline.com/2018/10/29/guide-to-getting-a-self-employed-mortgage-loan/feed/ 3 Steelbridge Realty LLC helps A & E Paints expand to Cape Coral https://northfortmyersonline.com/2018/06/14/a-e-paints-expand-to-cape-coral/ https://northfortmyersonline.com/2018/06/14/a-e-paints-expand-to-cape-coral/#comments Thu, 14 Jun 2018 03:51:00 +0000 http://northfortmyersonline.com/?p=4778 Steelbridge Realty LLC helps A & E Paints expand to Cape Coral. The address of the store is 1020 Ne Pine Island Rd #309 & #310 Cape Coral. It was a former Povia Paint Location. About A & E Paints: A&E Paints | Your locally owned source for exceptional paint and outstanding service. A&E Paints has been […]

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]]> Steelbridge Realty LLC helps A & E Paints expand to Cape Coral. The address of the store is 1020 Ne Pine Island Rd #309 & #310 Cape Coral. It was a former Povia Paint Location.

About A & E Paints:

A&E Paints | Your locally owned source for exceptional paint and outstanding service.

A&E Paints has been serving the Charlotte County community for over 10 years. We are your one-stop shop for all your painting needs. Whether you are a commercial paint contractor, residential home painter, or Do-It-Yourself-er, we can assist you through every phase of your project.

We are the ONLY Benjamin Moore Signature Paint Stores in Charlotte County, which means we carry a complete line of Benjamin Moore interior/exterior and specialty products. In addition to having Benjamin Moore products, we are also an authorized dealer of the largest paint manufacturer in the world, PPG. We carry PPG Paints, Porter Paints, Pittsburgh Paints, Sikkens, Flood, and Deft. With such an extensive line of products, there’s something here to meet your needs.

Thinking of buying, selling or leasing? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn, Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.




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]]> https://northfortmyersonline.com/2018/06/14/a-e-paints-expand-to-cape-coral/feed/ 3 Lee County looking to add boat ramp to North Fort Myers https://northfortmyersonline.com/2018/04/18/lee-county-looking-to-add-boat-ramp-to-north-fort-myers/ https://northfortmyersonline.com/2018/04/18/lee-county-looking-to-add-boat-ramp-to-north-fort-myers/#respond Wed, 18 Apr 2018 17:19:42 +0000 http://northfortmyersonline.com/?p=4596 North Fort Myers is a step closing to have a new boat ramp and park with Lee County looking to add boat ramp to North Fort Myers. The property located on North Tamiami Road costs $1.3 million, but the county could also expand and build a park that would cost in total close to $4 […]

The post Lee County looking to add boat ramp to North Fort Myers appeared first on Steelbridge Realty LLC.

]]> North Fort Myers is a step closing to have a new boat ramp and park with Lee County looking to add boat ramp to North Fort Myers.

The property located on North Tamiami Road costs $1.3 million, but the county could also expand and build a park that would cost in total close to $4 million.

This site was also being looked at by the City ofFort Myers as a replacement to the boat ramp downtown.

The prospect of a city-owned public facility on the north side of the river has some county officials worried that Fort Myers will try to expand its boundaries to take in part of North Fort Myers.

“That’s my chief concern, I don’t want the city of Fort Myers to buy land outside of the city limits and possibly annex it,” said County Commissioner Brian Hamman. “We certainly do need to replace the boat ramp – in Lee County we can always use another boat ramp and purchasing that land can help.”

Commission Chairman Cecil Pendergrass said annexation could lead to a battle similar to the city of Cape Coral’s decision to annex land near Matlacha, a move that has led to court fights and efforts to incorporate Pine Island as a separate city.

Here is a list of the assets involved:

  1. 1021 N TAMIAMI TRL NORTH FORT MYERS FL 33903
  2. 1025 N TAMIAMI TRL NORTH FORT MYERS FL 33903
  3. 1027 N TAMIAMI TRL NORTH FORT MYERS FL 33903

Lee County has 17 public boat ramp and access points.

Thinking of buying or selling? We would love to sit down and discuss your options.

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn, Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.




Subject:  Lee County looking to add boat ramp to North Fort Myers

The post Lee County looking to add boat ramp to North Fort Myers appeared first on Steelbridge Realty LLC.

]]> https://northfortmyersonline.com/2018/04/18/lee-county-looking-to-add-boat-ramp-to-north-fort-myers/feed/ 0 Medical Marijuana In North Fort Myers? https://northfortmyersonline.com/2017/11/02/medical-marijuana-in-north-fort-myers/ https://northfortmyersonline.com/2017/11/02/medical-marijuana-in-north-fort-myers/#comments Thu, 02 Nov 2017 21:07:34 +0000 http://northfortmyersonline.com/?p=4011 In case you were not aware Medical Marijuana In North Fort Myers is happening. Where is Medical Marijuana In North Fort Myers happening? A company named Trulieve is opening at 13971 N Cleveland Ave North Fort Myers Fl 33903 (Right next to the old Steelbridge Realty office) Who is Trulieve? Their website says the following: “At Trulieve, we strive […]

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]]> In case you were not aware Medical Marijuana In North Fort Myers is happening.

Where is Medical Marijuana In North Fort Myers happening?

A company named Trulieve is opening at 13971 N Cleveland Ave North Fort Myers Fl 33903 (Right next to the old Steelbridge Realty office)

medical marijuana in north fort myers

Who is Trulieve? Their website says the following: “At Trulieve, we strive to bring you the relief you need in a product you can trust. Our plants are hand-grown in an environment specially designed to reduce unwanted chemicals and pests, keeping the process as natural as possible at every turn.

Our specially-trained staff will work hand-in-hand with physicians to provide the right products and the correct dosage to ensure patients get the compassionate care they need.

Our products are designed to alleviate seizures, severe and persistent muscle spasms, pain, nausea, loss of appetite, and other symptoms associated with serious medical conditions such as cancer. Our low-THC/CBD products are available for patients who need non-euphoric care.”

The company is opening 2 other locations in Lee County according to their website. 

Why did we write this? We do our best to keep North Fort Myers up to date on current trends that can affect the housing market (note we are not implying this will affect the housing market)

Thinking of buying or selling? We would love to sit down and discuss your options.

buying a house in florida Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.




The post Medical Marijuana In North Fort Myers? appeared first on Steelbridge Realty LLC.

]]> https://northfortmyersonline.com/2017/11/02/medical-marijuana-in-north-fort-myers/feed/ 2 Paradise Isle formerly known as Paradise Preserve https://northfortmyersonline.com/2017/11/01/paradise-isle/ https://northfortmyersonline.com/2017/11/01/paradise-isle/#comments Wed, 01 Nov 2017 23:48:59 +0000 http://northfortmyersonline.com/?p=4001 Paradise Isle information blog: Have a project you are curious about? We keep up with the local market. Fill out the form below and we will see if we can help you. Disclosure: Steelbridge Realty LLC does not represent the developer nor are we involved in this project. This page is meant to be informational. […]

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]]> Paradise Isle information blog:
  • Have a project you are curious about? We keep up with the local market. Fill out the form below and we will see if we can help you.
  • Disclosure: Steelbridge Realty LLC does not represent the developer nor are we involved in this project. This page is meant to be informational.

Click here for Current Status of Paradise Isle and other communities in North Fort Myers. 

The next zoning hearing on the project happens in November. The developer just unveiled a new website where neighbors can add questions or comments.

Paradise Isle is formerly known as Paradise Preserve: Virtual Design of Mixed-Use Community Golf Course.

7/11/2018 Paradise Isle Update: 

The documents, prepared by the civil engineering firm Hole Montes, say the cost of the development will be roughly $600 million to $1 billion, “as it is too early to provide an accurate estimate.” A receptionist for Dennis J Fullenkamp Realty said last week he was on vacation, and couldn’t be reached for comment.

Tina McCain Matte, a representative of the public relations firm Gravina, Smith, Matte & Arnold, said via email that developers are still in the process of rezoning the property, and have not yet made an application for a development order with the county. She said conservatively, construction on the golf course and marina expansion would begin about two years from now.

Paradise Isle Update: 3/7/2018 Paradise Isle was the focal point of the North Fort Myers Townhall meeting. The meeting was well attended and the crowd involved.

The following companies are involved in this project as well as at the meeting and most presented and/or took questions. This project is still in it’s early phases. Traffic seemed to be the largest concern for the crowd.

Charles J. Basinait

Charles J. Basinait’s primary areas of practice are land use, zoning, and environmental law and he serves as chair of that division. Prior to joining Henderson Franklin, Chuck was an Assistant State Attorney for one year and an Assistant Lee County Attorney for over four years. While with the County Attorney’s Office, Chuck initially served as Lee County’s primary litigation representative for eminent domain matters. Later in his tenure with the County Attorney’s Office, Chuck was a supervisor in the land use division and advised the County staff and Board of County Commissioners in various zoning, land use and land development matters.

DMJA logo

David M. Jones, Jr. and Associates, Inc. (DMJA) is a Landscape Architecture, Planning and Certified Arborists firm, located in Fort Myers, FL. After the acquisition of the areas oldest firm of George F. Causey, ASLA in 1980, we are in our fourth decade of providing full design services to our public and private clients throughout all of Southwest Florida.

 

 

 

 

Passarella & Associates, Inc. is a full-service ecological and environmental consulting firm, founded to assist clients in achieving a sustainable balance between development and our environmental resources.

TR Transportation Consultants, Inc. is a consulting firm, which specializes in providing a wide range of professional services on transportation, and public works related projects. The objective of the firm is to fulfill the need for these types of services under strict in-house quality control guidelines.

Hans Wilson and Associates is a marine engineering and environmental consulting firm with over 50 years of combined experience in planning, design, permitting and construction observation of a variety of coastal projects.

Ron Garl Golf Design Our goal as golf course architects is to design exciting, innovative and unique golf courses that artfully employ the natural characteristics of the terrain and adhere to sensitive land design where both the environment and man can not only coexist- but also thrive.

Headquartered in Orlando, Florida, The Evans Group has built an award-winning reputation over the past thirty-seven years as one of the most talented and diverse design firms in the country. A fact that is evidenced by their exclusive list of clients, the numerous articles written in national magazines about their work, the sales success of their designs, and the award recognition garnered over the years. The Evans Group has many divisions, including Evcom and Enviroscape, to cover all aspects of work in today’s marketplace, with services from land planning to hardscape design, from architecture to interior architectural detailing, from interior design to landscape design.

On 10/6/2017 Paradise Isle formerly known as Paradise Preserve filed a request to rezone 271.1 acres from Residential Planned Development (RPD), Marine Commercial District (CM), Commercial District (C-1A), and Multiple-Family District (RM-2) to Mixed Use Planned Development (MPD), to allow a mixed use development consisting of 1,200 multiple family dwelling units; 543 hotel rooms; up to 55,000 square feet of commercial/retail; up to 22,500 square feet of office; up to 23,000 square feet of accessory health spa/fitness facilities; an 18-hole golf course; 200 dry boat storage slips; a 200 wet slip marina; and up to 22,500 SF of stand-alone restaurant use; along with customary accessory uses.

Paradise Isle

Location: In general, the property lies north and south of Birkdale Avenue, east of SE 24th Avenue and off of Orange Grove Boulevard, south of Birkdale Avenue, North Fort Myers Planning Community, Lee County, FL.

Paradise Isle

The case number for the request is DCI2017-00019.

You can view the applications and plans here 

Paradise Isle formerly known as Paradise Preserve was once one of the most expensive foreclosures in Lee County history. The property–which includes a marina, golf course, and other lands.

A project of the size of Paradise Isle will have effects on the North Fort Myers market.

Thinking of buying or selling? We would love to sit down and discuss your options.

Steelbridge Realty LLC Nprth Fort Myers Real Estate Brokers Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn, Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.




 

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]]> https://northfortmyersonline.com/2017/11/01/paradise-isle/feed/ 5 Do not confuse active listings with past sales. https://northfortmyersonline.com/2017/10/03/active-listings/ https://northfortmyersonline.com/2017/10/03/active-listings/#comments Tue, 03 Oct 2017 15:14:52 +0000 http://northfortmyersonline.com/?p=3860 A very common mistake many sellers make when attempting to price their property  is to place a lot of weight on active listings, instead of closed sales. The best way I know to describe this is that  list prices are the property owners unrequited dreams. That dream doesn’t become reality until a ready, willing and […]

The post Do not confuse active listings with past sales. appeared first on Steelbridge Realty LLC.

]]> A very common mistake many sellers make when attempting to price their property  is to place a lot of weight on active listings, instead of closed sales. The best way I know to describe this is that  list prices are the property owners unrequited dreams. That dream doesn’t become reality until a ready, willing and able buyer purchases the home.

Do not confuse active listings with past sales: The market is very defined.

active listings

 

I equate the current market to a very defined channel, a  fast moving creek even. This is due to the lack of quality and properly priced inventory. Also, the creek is fast moving.

 

 

 

 

active listings

 

The key to getting caught up in the current velocity (metaphor for how the market moves) of that creek is be close enough. If you price the property too high using active listings versus closed sales. You will be too far up the bank and not able to get your toe in the water. We see many cases where a property priced as much as 10 percent too high causes it to sit.

 

 

 

Thinking of buying or selling? We would love to sit down and discuss your options.

buying a house in florida Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.




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]]> https://northfortmyersonline.com/2017/10/03/active-listings/feed/ 2 How to price your home https://northfortmyersonline.com/2017/10/03/how-to-price-your-home/ https://northfortmyersonline.com/2017/10/03/how-to-price-your-home/#comments Tue, 03 Oct 2017 14:25:08 +0000 http://northfortmyersonline.com/?p=3857 how to price your home can be a daunting process. There are many reports in the media and anecdotally in the market place of homes selling for quickly at or above asking price. Because of that, sellers these days often expect their home to sell in just a few weeks or even days. I had […]

The post How to price your home appeared first on Steelbridge Realty LLC.

]]> how to price your home can be a daunting process. There are many reports in the media and anecdotally in the market place of homes selling for quickly at or above asking price. Because of that, sellers these days often expect their home to sell in just a few weeks or even days. I had a past experience where I sold a home in just a few days. That home was priced right in a market with high demand and no inventory.

How to price your home: Subdue your passions.

It’s natural to have an emotional attachment to your home, but this can cloud your objectivity in determining its market valuation– that is, what another person else will pay when it comes to it.

How to price your home: Get the facts.

You may have relevant information about what a neighbouring property sold for, but this is of limited use unless you are intimately knowledgeable the facts and history of that property, inside top to bottom out. Has there been extensive renovations, past water damage, a new roof, an extra bedroom?

How to price your home: It is YOUR property and YOUR decision.

The list price tag is your decision, nevertheless for the reasons just given, it’s wise to seek professional assistance when determining that price.

A Licensed real estate expert can obtain detailed information about the listing price, selling price and other attributes of the homes that have sold recently in your neighbourhood, and which information can easily be very useful. A professional can help to interpret what all of that information means for you.

How to price your home: If it does not sell quickly.

The limited rate of interest in your home may be a function of more than just the price. A sales representative can get feedback from those who have viewed the property or their representative. They can help estimate out if the price is the genuine issue, or whether there are other factors, like the décor, the need for repairs, the landscaping, or the age of your home’s major systems, this type of as HVAC, electrical, plumbing or roof.

You should know that not all real estate professionals will have the same level of knowledge and experience to give or express opinions advice about the valuation of real property.

Thinking of buying or selling? We would love to sit down and discuss your options.

buying a house in florida Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting edge marketing techniques and data driven Real Estate solutions in today’s ever changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

During the beginning of the housing downturn Steelbridge Realty LLC was the Brokerage arm of several private equity entities. We assisted them with asset modeling and market metrics. Many prominent local commercial projects were included in this scope of transactions. in 2012 Jeff and Cristina bought the other partner out and relocated the company to North Fort Myers. It now serves as a boutique style firm cater to it clients and the community at large.

For more information call 239 694 3300 or use the form below.




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]]> https://northfortmyersonline.com/2017/10/03/how-to-price-your-home/feed/ 4