SageRealtor Group Team Lead, David Sage, On Real Estate Market Trends in Southwest Florida

With Cape Coral home sales & Fort Myers home sales on a rise, SageRealtor Group is optimistic that the market will improve without the extreme up and down spikes seen in the 2003-2010 period. End Quote

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Fort Myers-Cape Coral, FL (1888PressRelease) March 26, 2013 - The SageRealtor Group at Southern Premier Realty is a top-performing Cape Coral Real Estate based team in Southwest Florida, consistently selling in the multi-millions year over year in the top 100 of the entire Greater Fort Myers City and Beach region. Established in 2004 by group team leaders and husband & wife team, David Sage and Brenda Boss, SageRealtor Group has experienced both the boom and bust of the past decade, and now optimistically indicating that the Cape Coral-Fort Myers market is not only on the road to recovery, but in fact is rebounding at a very encouraging rate.

"Right now we see a healthy market," said David Sage, "and "we are optimistic that the market will improve without the extreme up and down spikes we saw in the 2003-2010 period." Sage also goes on ahead and states that there are two areas where there is a great deal of positive activity such as:

1. "First, the waterfront properties are selling quickly and typically within 95-100% of list price. These property sales also include waterfront vacant residential land because more and more people are ready to build brand new construction and the available waterfront inventory is shrinking."

2. "The second trend is luxury home buyers are back. We are dealing with more and more higher-end buyers from all over the U.S. and Canada that see the value and believing now is the time to buy. They see prices creeping up, and want to get in while prices are still relatively low. All things considered, luxury homes in Cape Coral and Fort Myers are still a bargain right now."

Another key indicator Sage recommends is to keep an eye on inventory to gauge market fluctuations. "A couple of years ago, we had too much inventory, driving prices down. Now, we have too little inventory, especially in waterfront property and luxury homes," said Sage. He added, "We have already gone through the vast majority of our so-called shadow inventory and so we are now in what I would consider a balanced market for this region. Yet, because of the low inventory on waterfront property, we do still see multiple-offer situations, even in the luxury homes bracket." In fact, the Florida Association of Realtors this week published an article on shadow inventory being so low, they quipped "Dreading a foreclosure wave is so last year."

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