Exciting Things to Do in Punta Gorda, Florida
Punta Gorda, Florida, is a hidden gem on the Gulf Coast, offering a blend of outdoor adventure, cultural experiences, and waterfront charm. Whether you're a visitor or a local looking for new experiences, there’s plenty to explore in this picturesque town. Here are some of the top things to do in Punta Gorda.
1. Stroll Along the Harborwalk
One of the best ways to soak in Punta Gorda’s beauty is by taking a scenic walk along the Harborwalk. This waterfront pathway stretches along Charlotte Harbor, offering stunning views, parks, and spots to sit and watch the boats.
2. Explore Fishermen’s Village
This iconic waterfront destination is home to shops, restaurants, and entertainment. You can browse unique boutiques, dine with a harbor view, and even rent a boat or take a sunset cruise.
3. Visit the Peace River Wildlife Center
Nature lovers will enjoy the Peace River Wildlife Center, a rehabilitation facility for injured and orphaned wildlife. It’s a great place to see native birds and learn about local conservation efforts.
4. Go Boating or Fishing
With direct access to Charlotte Harbor and the Gulf of Mexico, Punta Gorda is a paradise for boaters and anglers. Rent a boat, book a fishing charter, or simply enjoy kayaking along the beautiful waterways.
5. Discover History at the Military Heritage Museum
For history buffs, the Military Heritage Museum offers interactive exhibits and artifacts honoring veterans from all branches of service. It’s an educational and inspiring stop.
6. Enjoy Dining and Live Music
Punta Gorda has a fantastic food scene, featuring fresh seafood, waterfront dining, and lively music venues. Visit local favorites like The Celtic Ray Public House or Dean’s South of the Border for great food and entertainment.
7. Bike Along the Punta Gorda Pathways
Cycling enthusiasts can explore the town on the Punta Gorda Pathways, a network of bike-friendly trails connecting parks, neighborhoods, and scenic spots.
8. Attend a Local Event or Farmers Market
Punta Gorda hosts various events year-round, including art festivals, concerts, and a weekly farmers market featuring fresh produce, handmade goods, and live music.
Final Thoughts
Punta Gorda is a charming coastal town filled with adventure, relaxation, and cultural experiences. Whether you’re strolling along the waterfront, dining at a local hotspot, or exploring the great outdoors, there’s something for everyone to enjoy. Plan your visit today and discover the magic of Punta Gorda!
The Shifting Tides: Southwest Florida's Real Estate Market in 2025
The real estate market in Southwest Florida is experiencing some major shifts, and whether you’re buying, selling, or just keeping an eye on trends, you need to stay informed. If you’ve been wondering what’s happening in Cape Coral, Fort Myers, and Naples, here’s the latest breakdown of market changes that could impact your next move.
Cape Coral: A Buyer’s Market Takes Hold
The Southwest Cape Coral single-family home market has taken a significant dip, down 11.2% year over year. The median sales price has dropped from $422,000 in 2024 to $375,000 in 2025, with price per square foot decreasing by 4.7%. With 13.3 months of inventory, the market strongly favors buyers, meaning more options and negotiation power for those looking to purchase a home in the area.
Fort Myers: Holding Steady with Minimal Decline
Unlike Cape Coral, Fort Myers has remained relatively stable, with only a slight dip in median home prices from $500,000 in 2024 to $498,000 this year. Price per square foot has dropped by 4.3%, and inventory sits at 9.8 months, leaning toward a buyer’s market but with less drastic changes compared to Cape Coral.
Naples: A Surge in Value
Naples stands out with a 7.6% increase in median sales price, rising from $827,000 in 2024 to $890,000 in 2025. Price per square foot has also climbed 6.6% year over year, and inventory is currently at 10.4 months supply, showing continued demand and strength in this luxury market.
Condo Market: A Buyer’s Opportunity
If you’re in the market for a condominium, now may be the time to act. Across Cape Coral, Fort Myers, and Naples, condos have seen a 4.5% drop in median sales price, with a 7.3% decrease in price per square foot. New listings have surged 17.7% to 1,522, and inventory is at an average of 16.7 months supply. Fort Myers, in particular, has been hit the hardest, with inventory skyrocketing to 20.5 months and condo median sales prices plunging 15.3%—a strong advantage for buyers looking for a great deal.
What This Means for You
Navigating a shifting real estate market can be overwhelming, but that’s where I come in. Whether you're looking to buy, sell, or just need expert insight, I’m here to help you make informed decisions in this unpredictable market.
📞 Call or text me at 239-785-6986
📧 Email me at chad@anchorpointrealestatefl.com
Let’s strategize together and make the most of this real estate landscape! Stay tuned for more updates, and don’t hesitate to reach out with any questions. Have a great day!
First-Floor Fort Myers Condo in Amenity-Rich Community!
This updated first-floor unit in the well-maintained Centre Court community offers the perfect blend of comfort, convenience, and Florida living.
Step outside your door and enjoy easy access to the heated pool, fitness center, and a charming courtyard setting with shuffleboard and space to relax.
The community is financially secure, featuring a brand-new roof, fresh exterior paint, and a recently refinished pool. Plus, it has passed its Structural Milestone Inspection and completed its Structural Integrity Reserve Study, ensuring peace of mind for years to come. Inside, you’ll find laminate flooring throughout, stainless steel appliances, and a screened lanai that extends your living space.
Recent updates include a new AC (2023) and an updated electrical system (2019). The HOA covers water, TV, and internet, making for effortless, low-maintenance living. Located just minutes from Historic Fort Myers, downtown attractions, Edison Mall, and top medical facilities, this condo offers both tranquility and convenience.
Don’t delay, get your slice of paradise today! Call me at 239-785-6986 or email chad@anchorpointrealestatefl.com for more information.
New Listing: Gulf of America Direct Access Home In Fort Myers, FL!
This beautifully maintained 2021 Jacobsen home at 39 Channel Lane, Fort Myers FL, is the newest model in the community and built to withstand winds up to 140 MPH, offering both security and peace of mind. Located in Orange Harbor, a 55+ resident-owned, pet-friendly waterfront community with direct access to the Gulf of America, this is a true boater’s dream!
Enjoy your own private dock with a 10,000-lb boat lift, composite decking, and a spacious outdoor patio perfect for relaxing and taking in stunning sunsets over the Orange River. Inside, the open living area offers amazing water views, while the kitchen features quartz countertops, Maytag stainless steel appliances (including a double oven), soft-close cabinetry, garbage disposal, and a large island with extra storage.
The primary suite includes ample closet space and an en-suite bathroom with a walk-in shower, while the second bedroom/office has a private exterior entrance. Additional features include a 2021 Bryant AC with a new compressor, a 30-gallon hot water tank, UV roll-down shades, aluminum storm shutters, and a storage shed with shelving.
The low monthly fee of $407 covers water, sewer, fiber optic internet, trash pickup, lawn care, seawall maintenance, and access to all amenities, including a heated pool, pickleball and bocce courts, shuffleboard, billiards, two boat ramps, and a clubhouse with social activities.
Monthly rentals are allowed, making this a fantastic investment opportunity. Plus, a new gated front entrance with the latest technology is set to be completed by April/May 2025, enhancing security and convenience. Price includes share of the lot and ownership in the community. Located just 7 miles from downtown Fort Myers with easy access to I-75, this home offers both tranquility and accessibility. Don’t Delay, get your slice of paradise today! Call me at 239-785-6986 or email chad@anchorpointrealestatefl.com
Should You Rent or Buy in Southwest Florida? The Answer May Surprise You
The age-old debate of renting vs. buying has taken on new significance in 2025, especially in the ever-evolving Southwest Florida housing market. With mortgage rates shifting, home prices stabilizing, and the region experiencing continued growth, now is the perfect time to analyze which option is best for you.
Current Market Trends in Southwest Florida
Mortgage Rate Stability
For the past few years, mortgage rates have been a rollercoaster, leaving many buyers on edge. However, the National Association of Realtors (NAR) predicts that mortgage rates will stabilize near 6% in 2025, creating a "new normal" for homebuyers. This stabilization could encourage more buyers to re-enter the market after sitting on the sidelines in 2024.
Home Prices Showing Modest Growth
While home prices soared in previous years, they are now showing more moderate growth. According to NAR’s Chief Economist Lawrence Yun, the median home price is expected to reach $410,700 in 2025, marking a 2% increase over the previous year. This gradual increase suggests a more balanced market rather than the bidding wars and rapid appreciation we saw in past years.
Southwest Florida’s Population Boom
Florida continues to attract new residents at a record pace. Projections indicate that Southwest Florida’s population will exceed one million by 2030, driven by an influx of retirees, remote workers, and families seeking a lower cost of living compared to other states (Florida Realtors). Increased demand for housing could put upward pressure on home prices in the long term.
Renting vs. Buying: What’s the Right Move in 2025?
Why Buying Might Be a Smart Choice
Stable Mortgage Rates – With rates expected to hold steady around 6%, buyers who lock in a mortgage now could benefit from predictable monthly payments.
Equity Growth – Even with only a 2% price increase projected, homeowners will still see appreciation in their investment over time.
Control Over Your Living Situation – Unlike renters, homeowners don’t have to worry about sudden rent increases or lease renewals.
Why Renting Might Be the Better Option
Affordability Concerns – The cost of homeownership includes more than just the mortgage. High insurance rates and property taxes in Florida can make renting a more budget-friendly option.
Flexibility – If you’re unsure about staying in Southwest Florida long-term, renting gives you the freedom to move without the commitment of a mortgage.
Market Uncertainty – While prices are stabilizing, there’s still the possibility of economic shifts that could impact home values. Renting allows you to observe the market before making a long-term investment.
Final Thoughts: Should You Rent or Buy?
There’s no one-size-fits-all answer, but 2025 presents a more stable market for those considering homeownership. If you’re financially prepared and plan to stay in Southwest Florida for the foreseeable future, buying could be a wise investment. However, if you value flexibility and aren’t ready for the added costs of ownership, renting might still be the better short-term choice.
Curious about what your best option is? Let’s chat! Give me a call at 239-785-6986 or email me at chad@anchorpointrealestatefl.com. Whether you’re looking to rent or buy, I can help you navigate the Southwest Florida market with confidence.
5 Acre Newly Renovated Home North Fort Myers, FL!
Exceptional 2-Bed, 2-Bath Home on Over 5 Acres in a Tranquil Location, near Babcock community. Nestled in a peaceful and serene setting, this newly renovated 2-bedroom, 2-bath home sits on over 5 sprawling acres of prime Florida land. Offering both comfort and modern elegance, this property is perfect for those seeking a move-in ready home with ample space and privacy.
Key Features: Newly Renovated: Everything from top to bottom has been meticulously updated with high-end finishes and state-of-the-art upgrades. Spacious Open Concept: The expansive floor plan is flooded with natural light and designed for seamless flow, making it ideal for entertaining or everyday living. Stunning Kitchen: A chef’s dream, the kitchen boasts state-of-the-art appliances, sleek marble countertops, and custom cabinets that provide both beauty and functionality. Impact Windows & Doors: Enjoy peace of mind with hurricane-rated impact windows and doors throughout the home. Hurricane Garage Door: Secure your vehicles and belongings with a durable, hurricane-resistant garage door.
Whole House RO System with Reverse Osmosis: Drink clean, purified water from every tap with the added benefit of a whole-house reverse osmosis water system. Utility Shed: Additional storage for tools, equipment, or hobbies with a spacious utility shed on the property. Pond: Relax and unwind by the private pond at the back of the property, adding an element of tranquility and natural beauty.
Star Fruit Tree: Enjoy fresh fruit from your very own star fruit tree, perfect for a tropical touch in your backyard. This home blends contemporary luxury with a tranquil, country-style setting. Located just minutes from the sought-after Babcock Community, you're close to local amenities while being far enough away to enjoy peace and privacy.
With over 5 acres of space, the property offers endless possibilities for outdoor living, gardening, or creating your dream outdoor retreat. Don't miss this rare opportunity to own a fully updated, stunning home in one of Florida’s most desirable areas. To learn more about this amazing opportunity, reach out to the listing agent Gigi at gigi@anchorpointrealestatefl.com or give us a call at 239-785-6986. We look forward to hearing from you!
Cape Coral Pool Home Now at $409,000!
This charming 3-bedroom, 2-bath pool home in the heart of Cape Coral at 113 NW 13th ST is not in a flood zone. Ideal for those seeking a primary residence, a seasonal escape from the winter months, or a fantastic investment opportunity. A new roof was installed in 2021, along with new AC 2023.
The open floor plan, enhanced by vaulted ceilings, adds a sense of spaciousness throughout. Beautiful diagonal tile flooring flows through the home and the modern kitchen is equipped with granite countertops and stainless steel appliances. Both the kitchen and bathrooms have been stylishly upgraded.
The fully privacy-fenced backyard features a spacious, screened-in lanai perfect for relaxing in the shade or enjoying the pool. The long extended driveway offers ample parking. Located just minutes from beaches, shopping, and dining, this house is an excellent opportunity. Get your slice of paradise today!
Get your slice of paradise today. Give Chad Damitz a call at 239-785-6986 or email chad@anchorpointrealestatefl.com for more details!
Southwest Florida Real Estate Market Update December 2024
As we step into the new year, let’s take a closer look at how the Southwest Florida real estate market has evolved over the past year. Whether you're buying, selling, or just staying informed, these insights are essential for navigating the market in 2025.
Cape Coral: Slight Decline in Prices, More Listings
For single-family homes in Cape Coral, the market has seen a dip:
Median Sales Price: Down 2.0%, from $405,000 in 2023 to $397,000 in December 2024.
Days on Market: Up 54%, signaling slower movement in the market.
Price per Square Foot: Down 3.3%, reflecting softer demand.
New Listings: Up 13.7%, adding more inventory to the market.
Fort Myers: Modest Price Drop and Fewer Sales
In Fort Myers, single-family homes experienced minor shifts:
Median Sales Price: Down 1.8%, from $489,000 in 2023 to $480,000 in December 2024.
Closed Sales: Down 7.9%, indicating reduced buyer activity.
Price per Square Foot: Down 2.3%.
Bonita Springs: Prices Rise Despite Longer Days on Market
The market in Bonita Springs has shown resilience:
Median Sales Price: Up 2%, from $745,000 to $760,000 year-over-year.
Price per Square Foot: Up 2.2%.
New Listings: Increased by 8.1%.
Days on Market: A sharp increase of 80.8%, from 26 days in 2023 to 47 days in December 2024.
Naples: A Strong Market with Growing Inventory
Naples continues to shine, although with some mixed metrics:
Median Sales Price: Up 3.2%, from $790,000 to $815,000.
Closed Sales: Down 8.2%, from 3,906 to 3,586.
New Listings: Up significantly by 16.3%, from 5,959 in 2023 to 6,933 in December 2024.
Condominium Market: Inventory Surging, Prices Declining
Across Southwest Florida, the condominium market faces challenges:
Naples: Prices down 1.9%, with new listings up nearly 20%. Inventory has grown to 11.6 months, signaling a buyer’s market.
Fort Myers: Median prices down 6.4%, with price per square foot down 8%. Inventory is at 12 months.
Cape Coral: Median sales prices dropped 9.3%, from $277,000 to $252,000. Price per square foot is down 12.4%, and new listings declined slightly by 1.4%.
What This Means for Buyers and Sellers
For Buyers: Increased inventory, particularly in the condo market, means more options and potential for negotiation.
For Sellers: It’s crucial to price competitively and highlight unique property features to stand out in a market with growing inventory.
If you have any questions about how these trends affect you or would like assistance with buying or selling, feel free to reach out to me at 239-785-6986 or email me at chad@anchorpointrealestatefl.com.
Let’s make 2025 a strong and successful year! Have a wonderful day!
Your Slice of Paradise Awaits in San Simeon, Fort Myers!
Welcome to this beautifully spacious 3-bedroom, 2.5-bath townhome in the highly sought-after San Simeon gated community in Fort Myers, Florida. And here’s some good news—this home is not in a flood zone, giving you added peace of mind!
Convenience is key, and this home delivers. You’re just minutes away from I-75, great restaurants, and shopping centers, making both daily errands and weekend outings a breeze.
Packed with Upgrades
This townhome has it all, starting with a brand-new tile roof (2024) and impact-resistant windows and doors for added durability and energy savings.
Inside, you’ll find new stainless steel appliances, a well-maintained 2017 AC unit, brand-new toilets, and a freshly installed lanai fan to keep you comfortable as you enjoy the Florida sunshine.
As the largest floor plan in the community, this Levitt home offers plenty of space. The primary suite is a highlight, featuring a walk-in closet, dual vanity, and a separate tub and shower. Plus, there’s a hidden storage area under the stairs for your convenience.
Outdoor Space to Love
This corner unit stands out with its private front entrance and larger yard—more outdoor space than many of your neighbors. Step out onto your lanai and enjoy tranquil, preserved nature views while relaxing with your favorite drink.
You’ll also love the 2-car garage, complete with pull-down stairs to an attic for extra storage.
Resort-Style Living
San Simeon offers fantastic amenities, including:
A resort-style pool and large hot tub
A fully remodeled community room with a kitchen for entertaining
A fitness center to keep you active
A jungle gym playground for the kids
Ready to Call This Home?
With modern upgrades, spacious living areas, and incredible community amenities, this townhome is your perfect slice of paradise. Don’t miss out—schedule your showing today at 239-785-6986 or 239-233-6023. We’d love to help you make it yours!
Discover Your Slice of Paradise at 2905 Ashburn ST, Lehigh Acres, FL 33972
Welcome to an incredible opportunity in one of Southwest Florida's fastest-growing cities! Nestled in the heart of Lehigh Acres, 2905 Ashburn St, Lehigh Acres, FL 33972, is your chance to claim a piece of paradise for just $30,000!
Property Highlights
Expansive Lot: This generous 12,589-square-foot property (.29 acres) provides ample space to bring your vision to life. Whether you’re planning your dream home or a smart investment, this lot has you covered.
Prime Location: Situated on a peaceful cul-de-sac, this lot offers privacy and safety, making it an ideal choice for families or anyone seeking a serene setting.
Emerging Community: Lehigh Acres is a thriving city with a growing population, expanding amenities, and increasing real estate demand. Secure your spot in this dynamic market while it’s still affordable!
The Perfect Blend of Tranquility and Convenience
Imagine waking up to the quiet sounds of nature while being just a short drive away from shopping, dining, and schools. Lehigh Acres is known for its balance of suburban charm and accessibility to urban conveniences. This lot is perfectly located to enjoy the best of both worlds.
Why Invest in Lehigh Acres?
Lehigh Acres is becoming one of Southwest Florida's most sought-after areas for new development. Its affordability, combined with its proximity to Fort Myers, makes it a top choice for homebuyers and investors alike. Whether you’re planning to build a primary residence or capitalize on a lucrative market, this property is a golden opportunity.
Make It Yours
With its unbeatable price and limitless potential, 2905 Ashburn St is calling your name. Opportunities like this don’t last long, so don’t miss out!
Ready to take the next step? Contact us today at 239-785-6986 or email chad@anchorpointrealestatefl.com to learn more about this amazing property and start your journey to owning a slice of paradise in Lehigh Acres, FL.
Southwest Florida Market Update: November 2024
As November 2024 unfolds, the Southwest Florida real estate market is showing notable shifts across Cape Coral, Fort Myers, Naples, and Fort Myers Beach. These trends highlight the dynamic nature of the region, offering insights for buyers, sellers, and investors alike. Let’s take a closer look at the latest data.
Cape Coral: Adjustments in Pricing and Inventory
Cape Coral’s median sales price has decreased by 2.7% compared to November 2023, moving from $409,990 to $399,000. Price per square foot also saw a decline of 3.3%, signaling a slight dip in overall home values. On the positive side, new listings have surged by 12.5%, increasing housing options for prospective buyers.
Fort Myers: Stability with Some Challenges
Fort Myers remains relatively stable, with only a 2% depreciation in median sales price year-over-year. The current price per square foot is down 2.1%, while new listings have grown by 4.2%. However, the market faces a significant challenge with closed sales dropping by 7.5%, reflecting slower activity in this November’s market compared to last year.
Naples: Positive Growth Amidst Change
The Naples market continues to exhibit strength, with the median sales price rising by 2.7%, from $789,000 in November 2023 to $810,000 today. This upward trend aligns with a 14.9% increase in new listings, bringing more opportunities for buyers to explore. Despite this growth, closed sales have declined by 8.9%, highlighting some slowing in transactional activity.
Fort Myers Beach: Exceptional Appreciation with Limited Sales
Fort Myers Beach single-family homes have seen a dramatic 28.7% appreciation in value, with the median sales price skyrocketing from $785,000 in November 2023 to $1,010,000 this year. However, the market is constrained by a significant 60.1% drop in closed sales, from 183 last year to just 73 in November 2024.
What Does This Mean for You?
November 2024 data showcases a varied market landscape across Southwest Florida. From price adjustments in Cape Coral to remarkable appreciation in Fort Myers Beach, each area offers unique opportunities and challenges.
If you’re considering buying, selling, or investing in Southwest Florida, I’d be happy to help you navigate these trends. Give me a call at 239-785-6986 or email chad@anchorpointrealestatefl.com, and let’s discuss how these shifts impact your goals!
How 3D Printing is Revolutionizing Real Estate
The real estate industry is undergoing a significant transformation, and one of the most exciting innovations is the advent of 3D home printing. While this technology may still seem futuristic, it is already making waves in the construction sector, offering groundbreaking benefits for both homebuyers and sellers. But how exactly is 3D printing changing the way we buy and sell homes? Let’s dive into the impact this technology could have on real estate, with a focus on how it can benefit regular buyers, sellers, and real estate professionals alike.
1. Affordable Housing: A Game Changer for Buyers and Sellers
One of the most compelling reasons 3D printing could change real estate is its potential to lower construction costs. Traditional homebuilding is expensive due to labor costs, materials, and lengthy construction timelines. With 3D printing, homes can be built faster and with less material waste, which translates into lower costs for both builders and buyers.
For buyers, this means the possibility of owning a home in areas where traditional prices are out of reach, such as in high-demand urban markets. For sellers, the ability to construct homes at lower costs allows them to offer competitive pricing without sacrificing quality, creating new opportunities in the market.
Several companies in the United States are already leading the way in 3D printed homes:
ICON: Based in Austin, Texas, ICON has been at the forefront of 3D printing for homes. They have partnered with organizations like New Story to build homes for underserved communities, and their Vulcan printer can construct a 3D home in about 24 hours.
SQ4D: Located in Long Island, New York, SQ4D is using 3D printing to construct homes at a significantly lower cost. They recently sold the first 3D printed home in the U.S., showcasing the potential for 3D printing to revolutionize homeownership.
Apis Cor: This company in California made headlines by 3D printing an entire home in less than 24 hours. Their technology has the potential to drastically reduce both construction costs and the time it takes to build a home.
2. Customization: Homes That Reflect Your Unique Style
Another significant advantage of 3D home printing is the degree of customization it offers. With traditional construction, custom homes often come with a hefty price tag, but 3D printing allows for intricate, personalized designs without the typical financial burden.
For buyers, this means the ability to design a home that fits their specific preferences. Whether it’s an open floor plan, unique architectural features, or energy-efficient upgrades, 3D printing allows for more flexibility and creativity. For sellers, this opens the door to selling homes with customizable options that could appeal to a broader range of buyers, potentially leading to faster sales.
3. Speed: Get Into Your New Home Faster
Traditional construction projects can take months or even years to complete. In contrast, 3D printed homes can be built in a fraction of the time. Some homes can be fully constructed in a matter of days rather than weeks or months.
For buyers, this means the possibility of moving into a new home quickly, eliminating long waits and frustrating delays. Whether they are looking for a primary residence, vacation home, or investment property, a faster construction timeline can be a huge draw. Sellers benefit as well, as the ability to build or renovate homes rapidly allows for quicker turnover and higher inventory availability.
4. Sustainability: Building Homes for the Future
In an age of increasing environmental awareness, 3D printed homes are a step toward more sustainable construction. The technology uses eco-friendly materials and produces significantly less waste compared to traditional building methods. This eco-conscious approach can appeal to buyers who prioritize sustainability in their home purchase.
For buyers, this means owning a home that is not only affordable but also environmentally responsible. Sellers can promote their homes as eco-friendly, which is an attractive feature for a growing demographic of environmentally conscious buyers. Additionally, 3D printed homes often feature energy-efficient designs, reducing the home’s long-term environmental footprint.
5. Resilience and Durability: Homes That Stand the Test of Time
3D printed homes are not only affordable and eco-friendly, but they are also incredibly durable. The materials used in 3D printing, such as concrete, are designed to withstand extreme weather conditions, making these homes resilient in the face of natural disasters.
For buyers, this means peace of mind knowing that their home is built to last, even in regions prone to hurricanes, earthquakes, or other extreme weather. For sellers, promoting the durability and resilience of 3D printed homes can add tremendous value, as these properties may hold up better than traditionally built homes in harsh climates.
Looking Ahead: How 3D Printing is Shaping the Real Estate Industry
The rise of 3D home printing could be a game-changer for both buyers and sellers. For buyers, it opens up more affordable and customizable home options, along with faster construction times and the potential for eco-friendly, durable homes. For sellers, it provides the opportunity to offer homes at competitive prices and with features that can appeal to a wide range of potential buyers.
For real estate professionals, this technology can mean new avenues for marketing, selling, and building relationships with buyers and sellers. As 3D printing becomes more widely adopted, it’s essential for agents, brokers, and developers to stay informed about this evolving trend.
With 3D printing, the future of homebuilding is here—and it’s shaping up to be faster, more affordable, and more sustainable than ever before. Stay tuned as this exciting technology continues to disrupt the real estate industry and create new possibilities for homebuyers and sellers alike.
Start Your Own Real Estate Empire Through The Trailblazer Pathway!
Are you ready to chart your own course in real estate? At AnchorPoint Real Estate, we’re offering the most unique opportunity for agents who dream not just of succeeding, but of becoming an independent broker and running your own brokerage someday.
Introducing the Trailblazer Pathway, our exclusive, structured program designed to help you go from Junior Agent to Independent Broker in just four years. With our support, mentorship, and hands-on training, you won’t just thrive—you’ll become the leader of your own real estate business.
Here’s How the Trailblazer Pathway Works:
This pathway is broken down into four key stages, each lasting one year. We’ll help you develop the skills, strategies, and mindset to grow your business and prepare you for ownership. Let’s walk through it:
Stage 1: Explorer (Year 1)
Goal: Build a solid foundation for your real estate career.
What You’ll Do:
Learn the essentials of real estate, from contracts to marketing.
Close your first 10-15 transactions.
Start building your client base and develop a reputation.
Support:
Hands-on mentorship and weekly training.
Master the tools that will keep you organized and efficient.
Understand lead generation, client relationship building, and effective sales strategies.
Key Outcome: You’ll be fully equipped to succeed in real estate and start seeing the rewards of your hard work.
Stage 2: Guide (Year 2)
Goal: Start leading others and growing your influence.
What You’ll Do:
Lead a small team of agents, becoming their mentor and role model.
Close 20-30 transactions and expand your personal brand.
Develop your leadership skills—coaching agents and guiding them to success.
Support:
Advanced leadership training and team management techniques.
Access to marketing resources to build your unique brand.
Networking with other high-performing agents to share ideas and strategies.
Key Outcome: You’ll sharpen your ability to lead, recruit, and inspire others—key traits for running a brokerage.
Stage 3: Pioneer (Year 3)
Goal: Expand your personal brand and prepare for independence.
What You’ll Do:
Focus on higher-value transactions and manage more complex deals.
Build a strong niche in the market (e.g., luxury homes, commercial real estate).
Start planning for your own brokerage by creating a business plan and developing your vision for the future.
Support:
Advanced sales coaching to help you land high-end deals.
Guidance on building your business infrastructure and preparing for your brokerage launch.
Exposure to real-world brokerage operations and strategic planning.
Key Outcome: By year three, you’ll have the tools to grow a business and make strategic decisions that lead to your brokerage’s success.
Stage 4: Trailblazer (Year 4)
Goal: Launch and run your own brokerage as an independent Trailblazer.
What You’ll Do:
Start your own brokerage under the AnchorPoint umbrella.
Recruit and manage your own team of agents, building your legacy.
Take full control of your lead generation, marketing, and client relationships.
Focus on scaling your business and growing your influence in the market.
Support:
Continued mentorship and guidance from senior brokers.
Access to brokerage management systems and marketing platforms.
Networking with successful broker-owners for ongoing learning.
Key Outcome: You’re now a fully independent broker, running your own business, with the freedom to shape your future.
Why the Trailblazer Pathway?
Structured Growth: No guesswork here—this is a proven, step-by-step plan to go from agent to independent broker.
End Goal: You will become a business owner—a leader in your own right—able to scale your brokerage and leave your mark on the industry.
Ongoing Mentorship: You’ll never be on your own. With mentorship, training, and resources, you’ll have a strong support system to help you succeed.
Market-Leading Tools: From advanced CRM systems to marketing platforms, you’ll have access to everything you need to build and manage a successful brokerage.
Why Join AnchorPoint Real Estate?
At AnchorPoint, we’re more than just a brokerage—we’re a launchpad for future brokers. When you join us, you’re not just starting your career—you’re taking the first step toward becoming your own boss. We’re committed to helping you grow in the real estate business, and ultimately, empowering you to run your own brokerage.
We’re looking for ambitious agents who are ready to take control of their future. If you’re ready to embark on the Trailblazer Pathway, let’s talk!
Join AnchorPoint Real Estate today and start your journey to becoming an independent broker. Give me a call at 239-785-6986 or email me at anchorpointrealestatefl@gmail.com. I look forward to hearing from you!
Final Offer: $1,000 Sign-On Bonus For Commercial Agent To Join Our Brokerage
I’m reaching out with an exciting opportunity to help shape the future of AnchorPoint Real Estate as we launch our Commercial Real Estate Division. We’re looking for an experienced commercial real estate agent who’s passionate about their work and eager to help grow our brand and brokerage in Southwest Florida. As part of our commitment to making this transition seamless for you, we’re offering:
$1,000 Sign-On Bonus as a welcome to AnchorPoint Real Estate
No Fees in Your First Year – typically, agents cover $30/month for error & omission insurance, lockboxes, and marketing materials, but your first year is entirely on us
Industry-Leading Commission Splits – enjoy a 90% split on personal leads and a 70% split on brokerage leads
We’re searching for a professional with strong experience in commercial real estate to work alongside our dynamic team and make an impact on our growth. In Southwest Florida’s unique market, the need for a commercial expert is clear. Whether it’s helping investors find the right properties, assisting business owners in securing their ideal spaces, or guiding development projects, you’ll be integral in shaping our commercial footprint in the region.
If you’re ready for a rewarding role that combines financial rewards and a pivotal career move, let’s set up a time to connect! Please reply to this email or call me at 239-785-6986, and we’ll arrange a Google Meet with myself and our broker associate.
Looking forward to the chance to welcome you to the AnchorPoint team.
Sincerely,
Chad Damitz
Founder and Broker
Wondering How to Price or Purchase a Home? A CMA Might Hold the Answer
If you’re entering the real estate world, you’ll hear a lot about “Comparative Market Analysis” or “CMA.” But what exactly is a CMA, and why is it such a big deal? Whether you're thinking about selling your home or making an offer on your dream house, a CMA is like having a detailed roadmap to guide your decisions. Here’s what makes a CMA one of the most powerful tools in real estate and why you’ll want to know what’s in yours.
What Is a Comparative Market Analysis?
In simple terms, a Comparative Market Analysis is an in-depth look at how your property measures up to similar homes in your area. It’s like a scorecard that helps determine the fair market value of a property by comparing it to other recently sold homes that are similar in size, condition, location, and features. Real estate agents use CMAs to help sellers set a competitive price and to guide buyers on how much to offer.
Think of a CMA as your cheat sheet to understanding the real estate market around you. Knowing what comparable homes sold for helps ensure you’re not overpaying for a property—or undervaluing your own!
Why Do You Need a CMA?
Pricing Your Home Right the First Time
Setting the right price from the start can be the difference between a quick sale and a property that sits on the market for months. Overpricing could scare buyers away, while underpricing may mean you leave money on the table. A CMA gives sellers the data to confidently price their homes, attract buyers, and potentially even spark a bidding war.Smart Offers for Buyers
When you’ve found “the one,” you want to make sure your offer is competitive but fair. A CMA gives buyers insight into the market, helping them see whether a property is overpriced or priced just right. It gives buyers confidence, knowing they’re making a smart investment.Negotiation Power
Knowing the market value of a property arms both buyers and sellers with leverage during negotiations. If you’re selling, you can defend your price with solid data. If you’re buying, a CMA can be the backup you need to negotiate a fair deal.
What Goes Into a CMA?
Creating a CMA involves more than just looking at a few numbers. Here’s a sneak peek into what your real estate agent considers when building this report:
Location: Homes in the same neighborhood or close proximity are the best comparisons.
Property Size and Type: Similar square footage, lot size, and home style (such as single-family, condo, or townhome) are key factors.
Features and Upgrades: Does your home have a pool, updated kitchen, or extra garage space? These amenities affect the value.
Condition: Homes in pristine condition are valued higher, so recent renovations or upgrades will play a role.
The goal is to find properties that are as close as possible in these aspects to provide an accurate valuation.
Why a CMA Isn’t an Appraisal (But Is Just as Important)
A CMA is not the same as an appraisal, which is an official valuation performed by a licensed appraiser. While a CMA provides an estimate based on comparable properties, an appraisal is usually required by lenders to finalize a loan. Think of a CMA as the proactive way to understand value before the bank steps in with an official number. Having a CMA done first can help sellers and buyers have realistic expectations.
When Should You Get a CMA?
Before Listing Your Home: As a seller, you want to ensure you’re pricing your home to attract serious buyers.
When Making an Offer on a Property: Buyers can make an informed offer by understanding the local market.
If You’re Curious About Your Home’s Value: You don’t have to be buying or selling to get a CMA. It’s always helpful to know your home’s current market value, especially if you’re considering refinancing, renovating, or just curious about your investment’s worth.
Ready to Get Started with a CMA?
A CMA is a tool that takes the guesswork out of real estate. It empowers you with data, confidence, and a clear picture of your local market. So, if you're curious about the value of your home or planning to buy a property, a CMA could be your secret weapon to make smarter, more strategic moves in real estate.
Want to learn more? Reach out to schedule a CMA with an experienced agent who can break down the numbers and help you see the potential for your next real estate venture!
Call 239-785-6986 today for a free valuation!
Preparing Your Florida Home for Hurricane Season
As a real estate agent working in Florida, I’ve helped countless clients buy and sell homes in our beautiful state. However, owning a home here means being prepared for one crucial reality: hurricane season. Between June and November, Floridians must ensure their properties are ready to withstand potential storms. From my perspective, here’s how homeowners can prepare their homes, protect their investments, and maintain peace of mind during hurricane season.
1. Evaluate Insurance Coverage
The first step in hurricane preparedness is ensuring you have comprehensive homeowner’s insurance that includes hurricane coverage. In Florida, hurricane deductibles are standard, and flood insurance, although optional, is often crucial. If your property is in a flood-prone zone, or even if it’s not, I recommend reviewing policies to ensure you're covered for potential storm surge or water damage. Encourage your buyers or sellers to do the same—updating or obtaining coverage can significantly impact a home sale’s outcome.
2. Storm Protection and Upgrades
When buying or selling a home, storm protection features are always a major selling point. Here are some upgrades that can help protect your property and increase its value:
Impact-Resistant Windows: These windows are designed to withstand high winds and flying debris, providing peace of mind and potentially lowering insurance costs.
Hurricane Shutters: Installing aluminum or accordion shutters can help secure windows, doors, and other vulnerable areas.
Garage Doors: Reinforced garage doors help protect the structural integrity of your home, especially in high-wind events.
Roof Reinforcement: If your roof is older, consider reinforcing or replacing it. Proper installation and roof straps will help prevent roof damage from strong winds.
As a real estate agent, I always recommend highlighting these features in property listings during hurricane season, as they can attract buyers seeking long-term security.
3. Prepare the Exterior
Before a storm hits, homeowners should take the time to secure their property’s exterior. This includes:
Trimming Trees: Overgrown branches can become hazardous projectiles in strong winds. Trim them back regularly.
Securing Loose Items: Outdoor furniture, potted plants, and garden decor should be secured or brought indoors.
Cleaning Gutters: Ensure gutters are clear of debris to avoid water buildup and potential leaks.
Discussing these maintenance tips with buyers can also serve as a way to reassure them that the home they’re considering is being cared for, even in Florida’s storm season.
4. Backup Power Solutions
Power outages are common during hurricanes, and having a backup power source is a smart investment. Generators are becoming increasingly popular among Florida homeowners. Whether portable or permanent, having a generator can be a valuable selling point, especially for properties located in areas that have been affected by power losses in the past.
5. Document the Property
For both sellers and buyers, documenting a home before hurricane season is essential. I always suggest taking photos or videos of the property, both inside and out, to have clear evidence of the condition pre-storm. This documentation is vital if homeowners need to file an insurance claim.
6. Create an Evacuation Plan
As much as we can prepare our homes, safety should always come first. I recommend creating an evacuation plan that details the safest routes to leave the area and nearby shelters or safe zones. For buyers new to the area, sharing local hurricane evacuation routes and emergency contacts is helpful and shows your expertise as a local realtor who cares about their safety.
7. Post-Storm Inspections and Repairs
Once the storm has passed, it’s important to inspect the property for any damage. For those selling their home, a thorough post-storm inspection can ensure any damage is addressed before a potential buyer visits. For buyers, an inspection after a storm is essential to identify any issues before closing on a deal. As an agent, it’s my job to guide my clients through these inspections and help them understand the impact any damage may have on their buying or selling process.
Conclusion
As a real estate professional in Florida, I’ve seen firsthand how hurricanes can impact both properties and markets. By taking the necessary steps to prepare your home, not only are you protecting your investment, but you’re also positioning yourself as a proactive homeowner when it comes time to sell. Preparedness is key to weathering any storm and ensuring that your home remains a place of safety and comfort.
If you have any questions about buying or selling a home during hurricane season, or if you need tips on how to better protect your property, feel free to reach out—I’m here to help!
Maintenance and Upkeep for Waterfront Properties in Cape Coral and Fort Myers
Owning a waterfront property in Cape Coral or Fort Myers offers incredible views and access to boating, but it also comes with unique maintenance challenges. The proximity to saltwater and the potential for storms require homeowners to be diligent in protecting and preserving their investment. Here’s what you need to know about maintaining a waterfront property in these areas:
1. Saltwater Exposure: Protecting Your Home
Material Durability: Saltwater is corrosive, and homes near the water, particularly in areas like Cape Harbour and Pelican in Cape Coral, are more susceptible to wear and tear. Metal fixtures, railings, and exterior lighting should be made from corrosion-resistant materials like stainless steel or aluminum. Regularly inspect and replace these materials to prevent rust and deterioration.
Wooden Docks and Decks: Properties with wooden docks or decks, common in neighborhoods like Yacht Club or Tarpon Point Marina, require special attention. Consider using treated wood or composite materials that resist rot and decay. Regular staining and sealing can extend the life of your dock or deck and protect it from the harsh saltwater environment.
Roof and Exterior Finishes: Homes in Sanibel Harbor or Iona are constantly exposed to salty air, which can cause premature aging of roofing materials and exterior paint. Choose high-quality, weather-resistant roofing materials like metal or clay tiles, and repaint the exterior with marine-grade or weather-resistant paint to protect against corrosion.
2. Storm Protection: Preparing for Hurricanes and Tropical Storms
Impact-Resistant Windows and Doors: Both Cape Coral and Fort Myers are prone to hurricanes, so investing in impact-resistant windows and doors is essential. In areas like McGregor in Fort Myers or Eight Lakes in Cape Coral, these features not only protect your home from debris during storms but can also reduce insurance premiums.
Hurricane Shutters: While newer homes in developments like Sandoval or Verandah might already have hurricane-resistant features, older properties may benefit from installing hurricane shutters. These can be manually or electronically deployed and provide an extra layer of protection during storms.
Reinforced Roofing: Ensure your roof is up to code and can withstand high winds. Properties in coastal areas like Gulf Harbour Yacht & Country Club may also consider adding roof straps or clips for extra reinforcement. Regular roof inspections before hurricane season can help identify any weak points.
Seawalls and Bulkheads: For homes with direct waterfront access, particularly in Cape Coral's canal system or along the Caloosahatchee River, maintaining seawalls and bulkheads is critical. Inspect these structures regularly for cracks or erosion, and be proactive about repairs to prevent costly damage from storm surges.
3. Landscaping Considerations
Salt-Tolerant Plants: In both Cape Coral and Fort Myers, the salty environment can affect landscaping. Opt for salt-tolerant plants like seagrape, saw palmetto, or silver buttonwood. These plants thrive in coastal conditions and require less maintenance.
Drainage and Grading: Proper drainage is essential to prevent flooding during heavy rains. Ensure that your property is graded correctly and that gutters and downspouts direct water away from your home. Installing French drains or a sump pump can further protect your property from water damage.
4. Regular Maintenance
Pressure Washing and Cleaning: To combat salt buildup, regularly pressure wash the exterior of your home, driveway, and any outdoor furniture. This helps prevent corrosion and keeps your property looking its best.
Inspect and Repair: Create a schedule for regular inspections of your roof, windows, doors, and seawalls. Early detection of issues can save you from more extensive and expensive repairs down the line.
Final Thoughts
Waterfront living in Cape Coral and Fort Myers offers a unique lifestyle, but it also requires commitment to regular maintenance and storm preparedness. By investing in durable materials, protecting your home against storms, and staying on top of upkeep, you can enjoy your waterfront property for years to come.
If you're interested in learning more about maintaining a waterfront home in Cape Coral or Fort Myers, or if you're ready to explore properties in these areas, feel free to reach out. We're here to help you navigate every step of the process!
Exploring Waterfront Properties in Naples: What to Consider
Naples is renowned for its stunning waterfront properties, offering residents the chance to live the ultimate coastal lifestyle. Whether you're dreaming of waking up to the sound of waves or enjoying sunset views from your backyard, waterfront living in Naples is an enticing option. However, purchasing a waterfront property comes with unique considerations. Here's what you need to know before making your investment.
1. Understanding the Different Types of Waterfront Properties
Beachfront vs. Bayfront: Beachfront properties, like those along Gulf Shore Boulevard in areas like Old Naples and Park Shore, provide direct access to the Gulf of Mexico. These homes offer panoramic ocean views and a short walk to the beach. On the other hand, bayfront homes in neighborhoods like Aqualane Shores and Royal Harbor offer more protected waters, often with private docks for boating enthusiasts.
Canal-Front Properties: Homes in Vanderbilt Beach or Connors are situated along Naples' extensive canal system, providing boaters with easy access to the Gulf via Wiggins Pass. These properties are ideal for those looking for a quieter waterfront experience with direct boating access.
2. Flood Zones and Insurance
Flood Insurance: Waterfront properties in Naples, especially those in low-lying areas like Port Royal and Moorings, are often located in flood zones and require flood insurance. Research the property's flood zone designation, such as AE or VE zones, and obtain quotes for insurance to ensure it fits within your budget.
Elevation Considerations: In communities like Pelican Bay, where some properties are elevated, you may find that flood insurance costs are lower. Newer constructions in Old Naples often feature elevated foundations designed to withstand potential flooding.
3. Maintenance and Upkeep
Saltwater Exposure: Living near saltwater, especially in areas like Gordon Drive or Vanderbilt Beach, can be tough on building materials. Regular maintenance of metal fixtures, wooden docks, and exterior finishes is necessary. You’ll want to ensure your property has durable materials that can handle the salt air.
Storm Protection: Properties in Naples, particularly those in Seagate or Coquina Sands, benefit from hurricane-resistant features like impact windows and reinforced roofs. Look for homes that are up to date with modern storm protection codes to safeguard against hurricanes and tropical storms.
4. Boating Access and Restrictions
Dock and Boat Lift Regulations: If you're purchasing a home with a dock in Royal Harbor or Pelican Isle, be sure to check local regulations regarding dock size and boat lift installations. Some communities have restrictions on boat sizes and the types of watercraft allowed.
Navigational Access: Homes in Connors Vanderbilt Beach Estates may offer deep-water canals, while properties in Park Shore might have limited bridge clearances, restricting the size of boats that can pass through. Ensure that your boat can navigate the waterway with ease, and consider the distance to open water via channels like Doctor’s Pass or Gordon Pass.
5. Environmental Considerations
Coastal Erosion: Beachfront properties along Barefoot Beach or Vanderbilt Beach may be subject to erosion, which can impact the property over time. Understanding local erosion rates and any mitigation efforts, such as beach renourishment projects, is essential for long-term property value.
Wildlife and Conservation Areas: Properties near Delnor-Wiggins Pass State Park or Clam Pass might be subject to environmental regulations aimed at protecting local wildlife and natural habitats. Ensure you’re aware of any restrictions that could affect development or renovations.
6. Resale Value and Market Trends
Market Demand: Waterfront properties in high-demand areas like Port Royal and Aqualane Shores tend to hold their value exceptionally well. Research recent sales in these communities to understand current market trends and ensure you’re making a sound investment.
Rental Potential: If you're considering renting out the property, areas like Vanderbilt Beach and Naples Park are popular for short-term vacation rentals. Be sure to check local rental regulations and HOA rules, as some communities may have restrictions on short-term rentals.
7. Lifestyle and Amenities
Community Amenities: Communities like Bay Colony and Pelican Bay offer private beach access, upscale dining, golf courses, and full-service marinas. If amenities like these are important to you, focus your search on communities that cater to your lifestyle.
Privacy and Noise Levels: While Gulf Shore Boulevard offers prime beachfront living, it can also experience higher foot traffic, especially during tourist season. For those seeking more privacy, neighborhoods like Port Royal or Moorings might offer a more secluded experience with less noise.
Final Thoughts
Waterfront living in Naples offers an unparalleled lifestyle, but it’s crucial to consider all the factors before making your purchase. From understanding flood risks to evaluating the property's upkeep, careful planning will ensure your investment meets your expectations. Whether you’re looking for a tranquil bayfront retreat in Aqualane Shores or a beachfront escape in Park Shore, Naples has a variety of options that can turn your dream of waterfront living into a reality.
If you're ready to explore waterfront properties in Naples, feel free to reach out for personalized guidance and expert insights. Let’s find the perfect home that matches your lifestyle and investment goals!
The Growing Influence of Corporate Landlords and the Push for Change in the Housing Market
As corporate investors continue to buy up homes across the country, concerns over Wall Street's growing control of the housing market are prompting action from policymakers at various levels. From federal proposals to local initiatives, efforts are underway to limit the influence of large-scale investment firms in the real estate sector, particularly in states like Florida where affordable housing is already a challenge.
In Congress, Democrats are advocating for legislation that would require hedge funds to divest their single-family home portfolios over the next decade. This move aims to reduce the concentration of housing in the hands of a few powerful entities. Similarly, in states like Minnesota, attempts have been made to cap the number of properties that individuals or companies can own.
Vice President Kamala Harris has also voiced her commitment to tackling corporate landlords and capping unfair rent increases, making this a key issue in her political platform. Even in Florida, known for its pro-business stance, some lawmakers are starting to recognize the need for government intervention.
The rising presence of corporate landlords has sparked criticism from renters and local communities. Many accuse these companies of neglecting property maintenance, gentrifying historically marginalized neighborhoods, and prioritizing profits over tenant rights. Despite this, corporate landlords argue that they provide necessary housing for those who cannot afford to buy homes.
To counteract the influence of large investors, some Tampa Bay homeowners' associations are finding creative ways to keep real estate in the hands of individuals and families. By implementing rules that prevent new rentals from entering their communities, these associations hope to preserve the integrity and affordability of their neighborhoods.
While large investors currently own only a small percentage of U.S. housing stock, their impact on housing markets—especially in rapidly growing Sun Belt cities like Jacksonville, Orlando, and Tampa Bay—cannot be ignored. Policymakers at all levels will need to balance the interests of investors with the rights of homeowners and renters if they are to address this growing concern.
Ultimately, the debate over corporate ownership of housing is not just a partisan issue—it's a question of who gets to control the future of homeownership in America. As the conversation continues, homeowners, tenants, and policymakers alike will need to find common ground to ensure that the housing market remains accessible and equitable for all.
Mortgage Rates in Fort Myers and Naples: What to Expect in September 2024
If you’ve been waiting for mortgage rates to drop in Fort Myers and Naples, you may finally be in luck. The average 30-year mortgage rate, which had been hovering around 7% since mid-July, has started to decline, reaching just under 6.5% by the end of August.
However, don’t expect a smooth ride ahead. While a Federal Reserve rate cut is likely at their meeting this September, which could further influence mortgage rates, the journey will be uneven. Greg McBride, CFA, Bankrate’s Chief Financial Analyst, notes, “Mortgage rates will trend lower in September, but it will be an uneven journey.” He explains that unexpected economic data, like a weak jobs report, could cause more fluctuations in mortgage rates than the anticipated Fed rate cut.
In the local markets of Fort Myers and Naples, this shift in rates could have significant implications. Lower rates make it more affordable for buyers to purchase homes, which is particularly important in these growing Florida markets where home prices have been steadily increasing. However, as mortgage rates dip, existing homeowners in the area may also be more inclined to sell, reducing the gap between new and existing mortgage rates. This could open up more listings in both Fort Myers and Naples.
Despite the expected decline, mortgage rates might not drop as much as some buyers hope. Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors all predict 30-year rates to stay between 6.4% and 6.7% by the fourth quarter of 2024.
Current Mortgage Trends in Fort Myers and Naples
As of late August, the average 30-year fixed mortgage rate in the U.S. stood at 6.48%. This dip in rates is the lowest we’ve seen since 2023. In Fort Myers and Naples, these changes are particularly relevant as the region continues to see demand for both single-family homes and condos.
The median home price nationwide hit a record $422,600 in July, and Southwest Florida has experienced similar trends, with strong demand pushing prices upward. Lower mortgage rates in this context could encourage more buyers to enter the market, but they could also lead to an increase in inventory as more homeowners consider selling.
Zillow’s Chief Economist, Skylar Olsen, points out that improving mortgage rates are likely to drive more home sales. However, the coming months bring uncertainty, especially with potential buyers waiting for further rate drops and the looming 2024 elections, which could impact market decisions.
What to Do if You’re Getting a Mortgage in Fort Myers or Naples
Boost Your Credit Score: In Southwest Florida’s competitive market, a high credit score can secure you the best mortgage rates. Aim for at least 740 to get the lowest possible rates.
Save for a Down Payment: Putting down more upfront can lower your mortgage rate. If you can manage a 20% down payment, you’ll also avoid mortgage insurance, which adds to your overall costs. If this isn’t feasible, explore local first-time homebuyer programs that may assist with down payments.
Know Your DTI Ratio: Lenders in Fort Myers and Naples will carefully examine your debt-to-income (DTI) ratio. Understanding and improving your DTI can help you secure better mortgage terms.
With mortgage rates poised for an uneven journey in September, staying informed and prepared is essential for anyone looking to buy in Fort Myers or Naples.