The July 2024 Lee County Florida Foreclosure & Market Report was complied by Jeff Tumbarello, Director SWFL REIA , Broker/Owner Steelbridge Realty LLC Principal , Venture Investment Partners
- This is my work, done for me and shared with you
- The data in the report came from multiple sources.
- Those sources are:
The Lee County Clerk of Court, and MLS data (from my membership as the Broker of Steelbridge Realty LLC)
- Those sources are:
We haven’t published this report in a while as the market trajectory previously rendered this dataset less crucial for forward-looking decisions. However, the current shifts in the market conditions have made this report relevant again. We update this data monthly. To stay informed and receive updates directly in your inbox, subscribe to our email list today.
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This chart provides a perspective on the Lis Pendens filings in Lee County, Florida, comparing data from the last financial crisis to today:
This chart displays the Lis Pendens filings in Lee County from 2015 onward.
This chart displays the Lis Pendens filings in Lee County from 2020 onward.
The trendline shows an upward trajectory. Part of that is the pandemic’s lack of filings. The numbers at this point do not show a large enough amount of Lis Pendes filings to move the trajectory of the market.
This chart presents an overlay of the average price and sales counts for all residential types in Lee County, Florida, using data exported from the MLS.
This chart offers a perspective on the differences between the 2007 market and today, highlighting how filings were rapidly increasing during the last cycle.
Each real estate cycle is unique in both duration and intensity, reflecting the complex interplay of economic, social, and political factors. Typically, these cycles follow a pattern of boom, bust, and recovery:
- Duration: Real estate cycles can vary greatly in length. Some may last only a few years, while others can extend over decades. The duration often depends on underlying economic conditions, such as employment rates, interest rates, and GDP growth, as well as broader societal trends like urbanization and demographic shifts.
- Intensity: The intensity of a real estate cycle refers to the magnitude of price fluctuations and transaction volumes during the boom and bust phases. An intense boom period is characterized by rapidly increasing property values and high transaction volumes, often driven by speculative investing and easy credit. Conversely, a severe bust might see steep declines in property values and a significant drop in market activity, influenced by tighter credit conditions, economic downturns, or regulatory changes.
The differences in duration and intensity can result in significantly different outcomes from one cycle to the next. For example, a cycle influenced by a robust economic backdrop and innovative financial products might exhibit a prolonged and intense boom followed by a sharp but brief correction. In contrast, cycles dominated by cautious lending and slow economic growth may feature more moderated growth and a less severe downturn. Understanding these dynamics is crucial for investors, policymakers, and stakeholders to navigate the real estate market effectively.
See you at a meeting Soon!
SWFL REIA General Meeting
When: August 21st, 2024
Topic: When Builders Bail on You: A Guide for Investors
When a builder fails to complete construction on a house, it can be a stressful and challenging situation for an investor. Join us at the SWFL REIA meeting to discuss strategies for dealing with builders who fail to complete your home. Learn how to protect your investments and find solutions in this challenging situation.
We meet twice a month.
Click here for information about the monthly luncheon.
Click here for information about our nighttime general meeting.
One of the premier sources for real estate investing networking and education is the SWFL REIA. In the real estate world, the SWFL REIA is different in that they do not do information product sales. Our meetings focus on the best ways of investing in real estate by collaborating with other property investors who are sharing their experiences.
We look forward to meeting you at a meeting soon!
Click here for membership information
Get our meeting notices and market data emailed to you.
Note: Share whatever you would like, either email, or phone number, or both. By submitting your information, you are agreeing that the SWFL REIA may contact you via phone, email, or SMS text, to answer any questions that you have and/or assist you with membership.