9 Core Realty Featured Lot of the Week- Perfect Fort Myers Dream Home Site

5930 Harborage Dr
This week 9 Core Realty is proud to present you our Featured Lot of the Week located in the exclusive South Fort Myers, The Harborage. One of only a few home sites left, 5930 Harborage Dr is an amazing, oversized lots with over 140 lake frontage panned by sandy beaches. With over $100,000 of improvements, this Featured Lot includes a boat lift and dock made of composite wood that will withstand decades of the harsh South Florida climate.

The Harborage not only offers over 100 acres of spring-fed freshwater lakes for swimming, boating, jet skiing, kayaking, paddle boarding and so much more, but you also get access to the community boat launch with direct access by canal to Gulf of Mexico the perfect perk for buying a Florida home site here. There are tennis courts, playground, basketball court, BBQ area with picnic tables and an air conditioned community gazebo for parties. There is also a storage area for your extra toys like RVs and boats. Most importantly is the 24 hour manned guard at the entrance for your piece of mind.

To learn more about this exciting 9 Core Realty Featured Lot of the Week, contact a member of the 9 Core team at (239) 333-2221.

Southwest Florida home prices outpaced annual national growth in February

9 Core RealtyResale prices of Southwest Florida’s existing single-family homes continued to rise in January, outpacing annual growth nationwide, according to a closely watched market barometer. But the rate of growth is slowing down, signaling a more stable market, analysts said.

Housing prices in Collier, Lee and Charlotte counties grew 8.3 percent year-over-year, according to the S&P/Case-Shiller Home Price Indices. That was the second highest annualized rate of growth in the nation, after the Denver area, where prices grew 8.4 percent.

Nationally, home prices were up 4.5 percent compared to January 2014.

Southwest Florida had seen double-digit annual pricing growth in 2013 and 2014 as the real estate market recovered from the recession. But monthly growth slowed down in the latter part of the year and that trend appears to be continuing into 2015.
Local housing prices grew by .9 percent from January to February, putting Southwest Florida in the middle of the pack of the 20 metro areas surveyed nationwide by Case-Shiller.

That was the same as the rate of growth between December and January. (The numbers have been adjusted to account for seasonal changes in the market).

South Florida’s growth over the last year had been driven in part by low inventory for single-family homes and an influx of foreign cash. If you are an investor looking for the perfect Florida real estate investment or a buyer looking for an ideal home or home site, contact an expert member of the 9 Core Realty team at (239) 333-2221.

Port Charlotte Plot: The 9 Core Realty Featured Lot of the Week

Port Charlotte Land for Sale

This week 9 Core Realty, SWFL’s all access land investment firm, has released a newly listed Featured Lot of the Week. This plot located in picturesque Port Charlotte, FL is a wonderful addition to any investment portfolio or the perfect SWFL home site for your family or retirement dream home. The Featured lot of Port Charlotte Land is located at 2095 Meetze Street, Port Charlotte, Fl 33953 is a steal listed at only $3500.00. Plots of equal comparison in the area are selling for double these prices.

Found along Florida’s welcoming Gulf Coast, Port Charlotte is located about halfway between Sarasota and Fort Myers, perfectly positioned to offer every manner of water activities. It has more than 165 miles of waterways, providing access to Charlotte Harbor and the Gulf of Mexico and many more miles of natural shoreline bordering Charlotte Harbor and the Peace and Myakka rivers. But that’s not all. Seven of the 21 golf courses located in Charlotte County are found in Port Charlotte. Charlotte Sports Park is home to spring training for the Tampa Bay Rays. Tippecanoe Environmental Park offers hiking trails and wildlife viewing through 380 acres of scrub and pine flat-woods.

To learn more about this plot or any of The 9 Core Realty’s large inventories of Cape Coral, North Port and Port Charlotte land lots, contact a member of our qualified team at (239) 333-2221.

SWFL Real Estate Market Fueled by “Boomerang Buyers”

SWFL real estate

Southwest Florida is number two in the country for “boomerang buyers”, people who blew up their credit with foreclosures in the housing crash but now are starting to regain their homebuying abilities, according to a study recently release by RealtyTrac.

Between now and 2022, boomerangs will be 21.4 percent of the number of housing units here: potentially 79,216 home buyers, the Irvine, Calif.-based real estate data company said.

That’s second only to 26.3 percent for Las Vegas, which during the home price implosion that started in 2006 was often neck and neck with this area in foreclosure statistics.

Generally, the boomerangs are making wiser home-buying choices than they did in the past, although debt to ratio seems to be the largest issue for the group when attempting to procure a home loan.
Not all the foreclosures in this area will necessarily translate into new local homebuyers in the future. The first three years were heavily non-homesteaded and predominantly from out of state. Additional measures such as owner financed land have helped spur this type of buyer in the SWFL market.

The buyers and investment real estate seekers would buy three houses at a time with the plan of getting rich flipping them.
Area marketing insiders predict the boomerangs coming back will add a welcome depth to the local home-buying market. Right now the housing recovery has been fueled by baby boomers with good credit and lots of equity, but it’s been mainly the blue chip buyer who’s brought the market back from the abyss.

Now the market will begin to be fueled by people who were in their 20s or maybe early 30s in 2005, 2006, who got an easy loan and lost the house. They’ve got a willingness to buy again, but they’re afraid because of what happened.

They’ll eventually be followed by so-called millennials, people who are in their 20s now but haven’t embraced homeownership in great numbers yet. That won’t happen for awhile but in three to five years it could be quite a phenomenon.

To learn everything you need to know about the SWFL and Cape Coral land scene, contact a member of the Gratia Group at (239) 333-2221.

Newly listed NW Cape Plot: The Gratia Group Featured Lot of the Week

55 wilmingtonCape Coral land for sale is the Gratia Group Featured Lot of the Week. This newly listed lot is located at 55 Wilmington Parkway in sunny Cape Coral, FL 33993. A highly desired freshwater canal lot located in the Northwest Region of SWFL’s largest city is a ROI producing investment listed at only $12,000.

Cape Coral is experiencing a lot of appreciation in terms of prices in the market. As far as existing homes go, inventory is a little low. Realtors of Cape Coral lots have about a three to four month supply, which is great news for sellers because obviously they have a little more equity. They can turn around and sell. Land sales firms in Cape Coral are also seeing lessening inventories. The city has become a hot spot for investors from the north as well as foreign investors, making available lots for sale harder to find! Cape Coral is also seeing a lot of people who want to retire in the area.

Real estate always has healthy economy rebound and many experts don’t think it’s going to change. Cape Coral land is going to continue to see the prices increase. The area is still going to continue to see people coming and retiring and moving, and that creates markets in and of itself! To buy into the hottest area of Florida and get a great deal on property, Cape Coral land experts, Gratia Group, are waiting to help! Give us a call at (239) 333-2221 today!

How to Begin Investing in Real Estate

LandInvestmentsAn unusually long and harsh winter is delaying the start of the spring real estate and land market, but for the investment-minded, continued low interest rates and high demand for rentals appear to outline an opportunity especially when buying investment land.

Institutional investors and their buckets of cash have dominated many markets for the past several years, according to real estate data cruncher CoreLogic. But at the end of 2014, cash sales declined to a national average of 36.1 percent, down from 38.8 percent in November 2013. CoreLogic also reported that the foreclosure inventory declined 34 percent at the end of 2014. That means individual investors are starting to have a shot at lower-priced properties ripe for fixing up and renting and lower priced land investments for sale, real estate professionals say. If you are thinking of tiptoeing into investment real estate, you have two basic approaches.

Buying shares in a real estate investment trust. You can invest in a REIT, but doing so involves buying shares of a portfolio of properties. It’s really more like buying a stock or buying into a fund and a completely different animal from owning real estate directly.

There are three layers of value – the real estate itself, the management and cash flow that supports the trust, and the fund based on the trust. It’s a very different vehicle than buying real estate, but most of us can’t just go out and buy 1 percent of a skyscraper.

Adding a REIT to your portfolio can complement stock and bond funds, but you must be sure you understand how the real estate fund is designed and how its managers will likely extract value from the holdings. You can buy shares of REITs and real estate-based funds, but the performance of the funds is based on both cash flow and gains from occasionally selling properties – a very different scenario from the typical performance drivers of stock and bond funds.

Direct ownership. In a direct ownership you own your investment property. When you own real property as a direct ownership you can fall in line of thinking that your investment is easy money, that there’s not a lot of work, that tenants will pay on time and that pipes never leak. As we all know from real world experience, this is a dangerous way of thinking. Land is a bit of a different story and can end up being a wiser investment as it requires less general care, maintenance and overhead. Your land investment will never call at three in the morning to report an overflowing toilet and appreciates in value much faster than a real property investment.
To learn more about investing in land real estate contact an expert member of the Gratia Group at (239) 333-2221.

North Port Florida Investment- The Gratia Group Featured Lot of the Week

North Port Land for SaleNorth Port, FL is calling investors and home builders alike with the Gratia Group Featured Lot of the Week. A beautiful addition to any investment portfolio or the perfect place to build your dream home, the featured North Port lot is located at Mac Caughey Drive in North Port, FL 34287. Listed for only $12,500 this lot is priced to sell in comparison to others in the vicinity. Enjoy fishing on your freshwater canal, an added investment point. This is an ideal Florida investment land for sale for any portfolio!

North Port is known for its country lifestyle and excellent year-round climate. A haven for wildlife lovers, the city includes a large state forest within its boundaries. Warm Minerals Springs and Park is enjoyed by thousands of visitors on a yearly basis. The city features a large state forest inside the city limits which is enjoyed for recreational activities. North Port provides direct access to the scenic Myakka River which features a variety of wildlife and can be explored with guided tours. Scenic cruises are available on the Intercoastal Waterway. Don Pedro Island State Park is also a popular destination. Babcock Wildlife Management area is an excellent location for hiking, and bicycle riding and offers guided swamp buggy tours. The close by Gulf of Mexico is well known for beautiful beaches and deep sea fishing. The region is home to Port Charlotte Beach State Park and Stump Pass Beach State Park.

To learn more about investing in North Port land contact a member of the Gratia Group sales team at (239) 333-2221.