market trends Archives - Steelbridge Realty LLC

Improving the Property Value of Your Home Over the Long Term

Jeffrey Tumbarello — Tue, 16 Nov 2021 04:15:20 +0000

Your home is your most valuable asset, so it makes perfect sense to want to improve its value over time. While certain factors, like location and market popularity, are out of your control, the good news is that there are many ways you can take your home’s value into your own hands. Making smart home additions and keeping up with maintenance are two solid ways to ensure your home’s value steadily increases over time.

Improving the Property Value of Your Home Over the Long Term: Pay Attention to the Small Details

We’re used to watching magical home makeovers take place on HGTV, but you don’t need to gut your entire house to improve its value. In fact, it’s often the small details that make the biggest difference. Plus, breaking up your dream improvements into smaller projects will help you stick to a budget and avoid feeling overwhelmed with what you want to tackle.

You can upgrade your home with minor improvements, like new faucets, lighting, or a new front door. You can improve your home’s exterior by planting some fresh greenery and adding new exterior lighting to illuminate your home’s best features. Keep yourself on pace by tackling no more than one small project per month, and you’ll make a big impact in no time.

Adding to the Home

In addition to upgrading existing parts of your home, making new additions will also improve your home’s property value. Skylights are one of the many additions that can add value to your home. New skylights or bay windows are relatively inexpensive home additions, and they’ll brighten up the interior with desirable natural lighting.

Improving the Property Value of Your Home Over the Long Term: Maintenance

Investing in your home doesn’t have to mean dramatic updates and pricey remodeling projects. In fact, sticking to a regular home maintenance schedule is one of the best ways you can retain and even increase your property’s value over time. You can figure out which parts of your home need TLC by doing a thorough walkthrough and inspection. Pay special attention to the condition of the roof, heating and cooling system, water heater and siding. Maintenance can extend the lifespan of these features and even prevent costly damage and repairs.

Improving your home’s property value doesn’t have to break the bank. In fact, there are quite a few low-cost projects you can tackle to raise your home’s value in the long term. And winter is the perfect time to get started!

Get your home’s current value estimated here!

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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North Fort Myers Real Estate Market Overview

admin — Wed, 14 Sep 2016 02:51:08 +0000

Here is our North Fort Myers Real Estate Market Overview September 2016

Pricing is still trending up!

Year over Year
North Fort Myers 2015 versus 2016
Lee County
all data from MLS thru 9/13/2016
	2015	2016	DIFF
Volume	$111,601,765	$125,360,914	12.33%
Counts	733	750	2.32%
Average	$ 152,253	$167,148	9.78%
Median	$ 133,400	$145,500	9.07%
SQFT	1,525	1,518	-0.44%
cash	426	394	-7.51%
Cash %	58.12%	52.53%	-9.61%
REO	105	53	-49.52%
REO %	14.32%	7.07%	-50.67%
SS	9	10	11.11%
SS %	1.23%	1.33%	8.59%
Distressed	15.55%	8.40%	-45.99%
GA	110	108	-1.82%
GA %	15.01%	14.40%	-4.04%
Waterfront	203	210	3.45%
Waterfront %	27.69%	28.00%	1.10%
Year Built	1986	1986

A Glossary for our North Fort Myers Real Estate Market Overview

REO= Bank Owned

SS= Short Sale

GA= Gulf Access

Notes:

We have an increase in volume and sales counts. That is a really good thing! Due to this demand you also have both average and median pricing rising. Rising prices help owners with a higher basis gain entry to the market. This reduces the negative equity within the market. Negative equity – when a home owners has an outstanding mortgage bigger than the value of the home. If they sold their house, they would still owe money from the initial mortgage
The Average price shows the upper end of the market moving.
The median price shows the bottom of the market rising as well.

Some information on the North Fort Myers Real Estate Market Overview distressed market:

Lis Pendens:

August 2016: 101 Mortgage related Lis Pendens.

July 2016: 105 Mortgage related Lis Pendens.

August 2016: 127 Mortgage related Lis Pendens.

Certificates of Title:

August 2016: 133 Certificates of Title were conveyed.

July 2016: 120 Certificates of Title were conveyed.

August 2015: 152 Certificates of Title were conveyed

Notes:

More of the same.

We had a SLIGHT month over month and year over year decrease in Mortgage Related Lis Pendens Filings.

The top ten Lis Pendens filers represent 62.38 percent of the filings.

Wells Fargo was number 1 in filings. BOA was number 2

There slight increase in certificate of title conveyances.

Note: All Data exported from the MLS or http://www.leeclerk.org

North Fort Myers is a census-designated place (CDP) in Lee County, Florida, United States. The population was 36,609 at the 2010 census. It is part of the Cape Coral-Fort Myers, Florida Metropolitan Statistical Area.

Call 239 694 3300

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