Home > Blogs > Ronald Wolchesky's Blog
25,778 views

Ronald Wolchesky's Blog

REALTOR® Ron W @ 239-209-1923

By Ronald Wolchesky: 239-209-1923 | Agent in Cape Coral, FL
  • Southwest Fla. existing homes sales up from last year

    Posted Under: Home Buying in Cape Coral, Home Selling in Cape Coral, Foreclosure in Cape Coral  |  July 25, 2014 12:32 AM  |  22 views  |  No comments

        
       Click here on to go to my Century 21 Site

    Southwest Fla. existing homes sales up from last year
    Sarah Ricevuto, sricevuto@news-press.com 12:10 a.m. EDT July 23, 2014

    Sales of existing Lee County homes increased compared to June 2013 but sales and inventory have decreased since May

    The median price of an existing single-family home in Lee County was $200,000 in June — an 8.1 percent increase from $185,000 in June 2013.

    Also, sales of existing homes in Lee County in June spiked up from the same period last year, according to numbers released Tuesday by the Realtor Association of Greater Fort Myers and the Beach. However, the number of sales and the size of inventory decreased slightly from May.

    Steve Koffman, broker and associate for Century 21 Sunbelt Realty in Cape Coral, said only the median price is up.

    "If you look at waterfront properties, those prices are looking pretty flat," Koffman said.

    In May, the median price for a house was $195,000.

    In June, there were 1,213 single-family sales, up 15.3 percent from last years' 1,052 sales. Despite the increase, single-family home sales are down 6.2 percent from May 2014's 1,293 sales.

    "Buyers, in general, are declining," Koffman said.

    Short sales and foreclosures made up 20.1 percent of single-family home sales in June, while traditional sales made up 79.9 percent. Short sales and foreclosuresmade up 22.3 percent of sales in May 2014.

    "Foreclosures and short sales are declining," he said. "Those were remnants of people affected by the real estate crash."

    In Collier County, the median price for a house rose to $392,000 from $322,000 in June 2013.

    Though the number of home sales in Lee County is slightly off since May the numbers since June 2013 are up.

    Denny Grimes, Realtor and broker for Royal Shell Real Estate, said the existing homes market is starting to level off from the real estate crash eight years ago.

    The inventory of single-family homes for sale in June was 5,229, up 5.5 percent from June 2013. June's inventory was down 311 from May 2014.

    Grimes said the market is steady and that is a good thing.

    Increased prices gives people a chance to put their homes up for sale and then become buyers, he said.

    "Every time the prices go up it's like a steady tide coming in and keeping the boats afloat," Grimes said.

    Lee County home sales have increased since June 2013, with a slight decrease in sales and inventory since May.(

    Foreclosures declining

    Foreclosure rates in Cape Coral-Fort Myers decreased for the month of May over the same period last year.

    Information compiled by CoreLogic reveals that the rate of Cape Coral-Fort Myers area foreclosures among outstanding mortgage loans was 4.02 percent for May, a decrease of 3.11 percent in May 2013 when the rate was 7.13 percent. Foreclosure activity in Cape Coral-Fort Myers was higher than the national foreclosure rate, which was 1.73 percent in May.

    Also, the mortgage delinquency rate in Cape Coral-Fort Myers decreased. In May, 7.27 percent of mortgage loans were 90 days or more delinquent compared to 11.25 percent for the same period last year, representing a decrease of 3.98 percent.

    Source: CoreLogic

    Highlights from reports

    • Highlights from the June 2014 existing homes reports:
    • In Lee, the median price of condos increased 5.6 percent in June to $171,000 from the $162,000 it was in June 2013.
    • The percentage of sellers getting the original listing price was 92.8. This is a 1.1 percent decrease from the 93.8 percent it was in June 2013.
    • The median days home was on the market in June was 53. This is a 7 percent decrease from June 2013, which was 57 days.
    • In Collier, closed sales on houses jumped to 419 from 408 in June 2013. Sales at $2 million or more declined to 16 from 22 in June 2013.

    Sources: Realtor Association of Greater Fort Myers and The Beach; Naples Area Board of Realtors

  • April SFH report, and Renting vs Buying

    Posted Under: Market Conditions, Home Buying, Rent vs Buy  |  May 27, 2014 10:25 AM  |  277 views  |  No comments

    Below is the April Housing Report for single family home sales for the Month of April. It is customary to lag three weeks behind the end of the previous month close to assure for most accurate data. May figures will come in the about the third week into June. 

    My reading of this data is the market is equally divided between the buyers and sellers, financing may be picking up, for all cash sales are down. The amount of time for a good house to be on the market before is sold, went down, so the demands for good homes are there along with the buyers. Inventory may be low, this could account for why sale prices on homes have gone up.  

    What is not shown, is this a good time to buy or should people consider renting. Remember, renting lock you in for a year on a lease. If you should break the lease, you most likely need to pay for the months still remaining on the lease.

    For better insight on renting vs buying please check this out> Renting vs buying also see what is said about buying in Lee County, Southwest Florida

     


    I hope the above been helpful to you, Any questions, or in need of a full report, please contact me or you can visit > http://RealtorRonW.com

    Thanks for reading

    Till next time, 
    Ronald Wolchesky
  • Memorial Day 2014: My Salute to those serving, and the Fallen;

    Posted Under: Quality of Life in Florida, Home Buying in Florida, Military Movers in Florida  |  May 26, 2014 7:52 AM  |  347 views  |  No comments

    Memorial Day 2014 My Salute to those that are and have served. 

    Memorial day, should be near simultaneous mention with the Fisher House Foundation. A Great American Family and Institution, founded in the 1990ies, that has provided helped and helping the Military Families,  doing a Job, that the US Government can not do and the VA forgotten why they exist. The only thoughts I have, are the people that cooked the books, collected a bonus, forgotten the sacrifices, other citizens,  men and women had made for their freedom, that the VA could not care less about, other than to fullfill their selfish greed for money, at the expense of lives of thosed that served. I have to wonder, a question that has to be asked, how many of those people were placed in their position by Obama. A question, no one has yet to asked and should be looked into.

    "Old Soldiers never die, they just fade away" ... BUT no soldier ever, anywhere, at any time, should ever be forgotten, left behind to die, by a stand down order, ever, without trying~! No soldier should ever have his last thoughts, if his country has abandon him! They should have an innate feeling and the confidence: Help is on its way.




    Please donate when you can to the Fisher House. I think those that have Fallen would want those they left behind taken care of, especially now. They in return, have their backs cover and will take care of their brothers and sisters when once again they are united spiritually with their units.

    America never went to war for the purpose of capturing real estate for itself. All we asked, is for some real estate so we can buried our brave warriors that died on foreign land so other can be free.



    So please God, Bless our troops, wherever they are, and Please God, Bless America ...... we have lost our ways, character, decency, and leadership. Help brings us home again.



    > Please visit the Fisher House Web Page

    A great musical display to our Military 


    Till Next time,

    Ronald Wolchesky
    Century 21: Birchwood International

  • Interesting history N Beaches in Lee County Florida

    Posted Under: Quality of Life in Cape Coral, Parks & Recreation in Cape Coral, Home Buying in Cape Coral  |  May 24, 2014 11:32 AM  |  369 views  |  2 comments

    Fort Myers Beach Located in Lee County Florida

    Enjoy the video on Fort Myers Beach below. When they do a survey on the Best Beaches to visit, Fort Myers Beach does not show up among the top ten. However, it just another beach to be visited in the Lee County area, that is not far from the beaches that are. The water temperature can go into the 90ies, so you never feel like leaving. However, there is so much more to do and boating will take you to the other beaches, some that can only be reached by boat. As for fishing and shelling, you in a exciting area. Never know what you catch, or find. The area was known for the birth of Game fishing with the fighting Silver King, the Tarpon. If you have an hour, there an interesting movie as well as more information on beaches, click on the blue link below:>


       Take me to the Beach and fishing   

    Here's a list of some of
    Lee County Beaches

    Bonita Beach Park
    Bonita Beach Public Accesses.
    Little Hickory Island Beach Park
    Lovers Key State Park
    Fort Myers Beach Public Accesses
    Lynn Hall Memorial Park
    Bowditch Point
    Regional Park
    Bunch Beach
    Causeway Islands
    Dixie Beach
    Lighthouse Beach Park
    Gulfside City Park
    Tarpon Bay Road Beach
    Bowman's Beach

    Turner Beach
    Captiva Beach
    North Captiva Island
    Cayo Costa Island State Park
    Lighthouse Beach Park
    Gasparilla Island State Park
    Sand Spur Beach
    Boca Grande Public Beach Accesses


     So they say Cape Coral has 400 miles of canals, Lee county overall, has a many beaches that you can enjoy boat hopping..  

    Hope you found the above interesting. I know you will enjoy the link above to both a short video on Fort Myers Beach, and the longer one on Fort Myers being the Game fishing capital of the world. Ther is a lot of history in it,

    Till next time

    Ronald Wolchesky

        Ronald Wolchesky    C: (239) 209-1923 ;  H: (239) 349-4684

        aka Realtor Ron W

        Join my team : Realtor Ron Team  

  • Why you may sell and the bottom line

    Posted Under: Market Conditions in Cape Coral, Home Selling in Cape Coral, Curb Appeal in Cape Coral  |  May 16, 2014 6:03 PM  |  463 views  |  2 comments

    Selling

      Selling your Property: House Fort Myers, Cape Coral, Lehigh Acres.

        Selling your house?

    Selling

     

    If you thinking of selling your house, like to know what value it has > I like to know, how much my house is Worth

    Here are some of the reasons people sell:

    • Job transfer
    • Need a smaller house
    • Need a bigger house
    • Moving to another area
    • Leaving the Rental Business
    • Do not want the bother of being a Home Owner
    • No need for a Second home anymore
    • change in health
    • Need the money and lower monthly costs
    • Government changing the physical makeup of the area.

    When can you sell the house you just brought?

    As soon as you closed and walk away from the closing table with the keys. However it may not be a great idea unless you have a buyer that will be paying to cover you already cost you paid to buy the house, plus all the transaction costs you will have to pay, to sell your newly brought house, and more if you want a profit.

     How long do you have to stay in the house, to sell comfortably?

    When you have equity in the house. This will be when you sell the house with enough equity that it is able to pay off the remaining mortgage and the costs needed to sell the house. This would be your profit. However, Market value on a house in not constant, and changes in direction of the real estate market. We had a market that was booming, market value sky rocketed, then the burst, market value tanked, and too many home owners where under water and had to short sale their homes or foreclose. The foolish one were those that just abandon them.

    You can figure the equity by taking your cost, subtract any outstanding remaining mortgage and any liens you have on the house, from the present house market value, and you have your equity.  It is important to work with someone that can constant keep track of the market value, as with interest rates

    Market value can change, within any real estate trend, which would likely be the most recent houses that been sold, have pending contract on, or up for sale, and competing against your house.

    Example: This example is a hypothetical sale, use to show what you can expect

       Market value = 189,000 (according to the most recent Comparative market Analysis)

           - First Mortgage Balance =    65,000 (Left to pay)

         -2 cd Mortgage Balance =    35,000 (left to pay)

        – Line of Credit Balance = 7,000 (left to pay)

       -  renewing Kitchen Lien = $  5,000

     Minus = $ 112,000   <——  (112,000)

       = $ 77,000

    (Hypothetical) Minus = $ 7,450 Closing Costs

        Minus = $ 11,340 <———— 6% Real Estate Commission  
    Net proceeds to seller  = $ 58,210

      Wow…. I heard your thoughts, SO MUCH FOR COMMISSION~!!!… Let do some examination of that cost.

    First, you take half of the cost of $ 11,340. The Seller pays the commission, to both Listing agents, and buyer agent therefore, $ 5,670 goes to both the listing agent, and the buyer’s agent, $ 5,670.

    • The participating Broker gets their proceeds:  (can be up to 50 %) so the agent proceeds is now 2835.00.
    • Then they may be Franchise fees. Fees to market the house, Gas, Phone bill, internet present, etc.
    • OF the $ 2835.00 the agents hopes to pay off all his expenses made for the selling of the property and offset those that they may of taken a lost on, that did not sell, and saw no money from no fault of their doing. These figures fluxurate widely and dependent on the Sale price of the house that was sold. (Market Value)

    What are the Agents Expenses?

    GAS, paper, printer ink cartilages, pens, tolls, car repairs, wear and tear on auto. car insurance, computer business internet, web sites, computer repairs, advertising, business cards, marketing material, National Board of Realtor yearly dues, Yearly dues for security locks used to secure the house up for sale. Consulting time, contracting and necessary paper work time to meet all agreement’s in a timely matters, continuing education costs, continual license courses, payment for Code of ethic classes, and cost to take mandatory classes to maintain one eligible to keep active in the Real Estate Profession,

    If you went to an attorney and had the work above done. The Attorney most likely will require the fees up front and you be paying, even if the house is not sold. He may even include his expenses.

      What is market Value?

    Market value is the price that a Seller is willing to accept, that the buyer is willing to pay.

         What is Asset Value?

    Asset value has to do with the property appraisal office that is use for taxes.

    I like to know, how much my house is Worth  
    Sell Your Home form 

         (Both are the same form)

      Remember, Century 21 Birchwood International, Does Business with the World  

    These links may interest you:

     What is Market Value?     Pricing your home on your own

    Thank you for reading.  Any questions, please do not  hesitate to call or contact me.

     Till next time

    Ronald Wolchesky
    aka Realtor Ron W
    with Century 21: Birchwood International

  • Lee County, Fort Myers, Cape Coral gets Goodies from the State Legislators

    Posted Under: General Area in Cape Coral, Schools in Cape Coral, Home Buying in Cape Coral  |  May 14, 2014 5:28 PM  |  459 views  |  No comments

    When you move to a new area, what is often not look at, is the State Vision.

    I am pleased to announce the State of Florida vision is pro families, pro education, and lower taxes, less government regulations, environmental cleanup and protection, for future generations.

    Below is a summary of what the State Legislature passed and approved by Governor Scott. You will see Southwest Florida have received some great goodies.


    Lee County gets Goodies from the State Legislators

    Picture Slide of Everglades and Lee County Goodies


    Thanks for your interest. Often this is boring subject, but a very important one for you to consider when making your selection of following a Dream. 

    Below are other links that may interest you:

     See Birchwood International Realty Homes you can buy~!

    Take the Pool Poll.. Summer is coming

    Free Realtors Home Search engine: All Agent use this one~!

    Beautiful home in NW Cape Coral, just 15 minutes to the Gulf.

    Thanks again,

    Till Next time

    Ronald Wolchesky

        Ronald Wolchesky    C: (239) 209-1923 ;  H: (239) 349-4684

        aka Realtor Ron W

        Join my team : Realtor Ron Team   

  • NewS_Press: Lee County foreclosures falls

    Posted Under: General Area in Cape Coral, Home Buying in Cape Coral, Foreclosure in Cape Coral  |  May 14, 2014 12:22 PM  |  462 views  |  No comments

    It was not long ago Newspapers, and reporting we where hearing, was nothing more but gloom and doom in the housing market and how long before we can see any recovery. The truth was, in certain areas, such as Lee County, wise people were buying, and at very low interest rates. Lee Country Greater Fort Myers- Cape Coral areas were among the hardest hit in the country when the housing bubble broke. The area was heavily driven by construction. Chinese drywall was of no help too.  

    As the bad news about the real estate market were continually being reporting, people who brought homes, were seeing small appreciation on their new purchases. They brought in a buyer's market, and now the market leans toward the seller's. 

    It was not long ago Newspapers, and reporting we were hearing, was nothing more but gloom and doom in the housing market and how long before we can see any recovery. The truth was, in certain areas, such as Lee County, wise people were buying, and at very low interest rates. Lee Country Greater Fort Myers- Cape Coral areas were among the hardest hit in the country when the housing bubble broke. The area was heavily driven by construction. Chinese drywall was of no help too.  


    As the bad news about the real estate market were continually being reporting, people who brought homes, and are seeing some appreciation on their new purchases. They brought in a buyer's market, and now the market leans toward the seller's. 


    Interest rates are raising, the costs for a loan has increased, and will increase in the future, along with interest rates.  Prices at the gas pump will always be unstable as long as we depend on foreign oil. Food prices have gone up, and the price of beef, may lead to less barbecues during the summer months.


    It is true, our job recovery been too slow, and worrisome. Change in leadership, could solve that problem. Seems things would been better off today, if the other guy had won. 

    Just recently, another article appeared, Southwest Florida, Lee Country is Once again, the hottest market in the Country. This was the way it was, before the bubble broke. People are coming back.

    Some links you will find interesting, and have fun with:

    See Birchwood International Realty Homes you can buy~!

    Beautiful home in NW Cape Coral, just 15 minutes to the Gulf.

    Take the Pool Poll.. Summer is coming

    Free Realtors Home Search engine: All Agent use this one~!

    Be sure to read the article below. 

    Thanks for reading

    Till Next Time

    Ronald Wolchesky

        Ronald Wolchesky    C: (239) 209-1923 ;  H: (239) 349-4684

        aka Realtor Ron W

        Join my team : Realtor Ron Team 









    Lee County foreclosures fall to 8-year low

    The number of foreclosures filed by lenders in Lee County fell to 195 in April, lowest since mid-2006, according to statistics released Thursday by the Southwest Florida Real Estate Investment Association.

    That took the number back to a time before the avalanche of defaults that followed the implosion of real estate prices at the end of 2005.

    Meanwhile, the number of new single-family home permits issued throughout Lee County in April rose to 269 as the housing construction market continued to strengthen — up from 254 in March.

    A repeat of that foreclosure epidemic isn't likely to occur soon, said Jeff Tumbarello, director of the association and owner/broker of Steelbridge Realty in North Fort Myers.

    "There are only so many upside-down houses that need to be washed out," he said. "We've recycled the properties back on the market at a sustainable pace and at least 65 percent are cash-only for the last four years."

    As for new homes, Cape Coral-based Paul Homes Vice President and co-owner Bob Knight said it's been a strong spring for the industry.

    "I think it's moving pretty good," he said, although the recent recession is still giving pause to a few potential buyers. "There are still some people who are cautious when they're coming in to build a house."

    Lee's rising home permit count is part of a slow recovery over the past two years in Southwest Florida from the housing bust that followed the boom that ended in 2006.

    Prices have also been on the rise as the glut of finished but unsold new homes from the boom has been absorbed.

    Leading the pack among jurisdictions reporting permit numbers Thursday was Bonita Springs, with 71 permits issued in that city's red-hot housing market.

    Fort Myers had 69, unincorporated Lee County had 68, Cape Coral had 54, Fort Myers Beach had five and Sanibel had two.

    Knight said commercial construction, which typically follows residential in the economic cycle, is just starting to return. "That you should start seeing in the next six to 12 months."

    This area is also slowly starting to attract a much-needed inflow of experienced people looking for work in the construction trades, he said.

    "They're watching how we picked up a little volume," Knight said. "There's more interest in something happening here. So far, so good."

« Read older posts
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer