Saturday, October 18, 2014

CAPE CORAL FLORIDA - ALWAYS ON THE MOVE AND WITHIN THE TOP RANKS

Message From Your EDO Director

Super Stats Help Tell Our Story


As Cape Coral continues to emerge from the recession and the associated foreclosure crises that impacted our community so hard, we can see positive signs everywhere: new construction, expansions, new restaurants and a renewed demand for housing absorbing many of the empty homes which dotted our landscape.

 

One of the most important is the fact that entities from outside the Cape are seeing us for the market that we are. I've always said that Cape Coral is too big to be ignored, and that's certainly not happening now. Third-party recognition is a great form of free advertising, and we're certainly getting our share. Just this year, we've received the following accolades:

  • Cape Coral ranks No. 6 in the U.S. in the best cities for future job growth. (Forbes, Fall 2014)
  • Cape Coral is named in the top 10 best cities to start a new business. (WalletHub, March 2014)
  •  Cape Coral ranks No. 5 on the list of top places in Florida to live after judging 100 cities and towns in Florida on a number of unique criteria such as amenities, quality of life, crime rates, tax rates, unemployment and weather. (Movoto, May 2014)
  •  Cape Coral ranks as the safest driving city in Florida. (Allstate Insurance America's Best Driver's Report, August 2014)
  •  Cape Coral recorded the third-highest population growth rate in the decade, according to the U.S. Census Bureau. (CNN Money, May 2013)

 

This is a very impressive list, to say the least. Of course, we're still recognized as a great place to retire and we're obviously still a hot spot for vacation rentals. But many of these national accolades are related to business growth and that's what we're striving for as we move forward. Better-paying jobs and more investment are on the horizon, and your EDO office is working very hard to make that a reality.
 

  

City of Cape Coral

Economic Development Director

 

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 

 

 

 

Thursday, September 4, 2014

Florida a top destination for retiring baby boomers

Fla. a top destination for retiring baby boomers

 

ORLANDO, Fla. – Sept. 4, 2014 – As the baby boomers retire, a significant number follow the same path their parents did – they move to Florida. And historic retirement sites in Southwest Florida continue to draw a significant number of older adults.

RealtyTrac conducted a study on two ends of the age spectrum: the baby boomers and the millennials. To spot trends, RealtyTrac analyzed Census population data between 2007 and 2013 in more than 1,800 counties nationwide to identify shifts in populations, and it overlaid that data with information on median home prices, price appreciation and rental rates.

In Florida, four counties made the top 10 list for baby boomer population growth:

Charlotte County – Punta Gorda (32.9% were baby boomers in 2013, a 34.3% increase since 2007)

Citrus County – Homosassa Springs (32.1% boomers, 28% growth since 2007)

Lee County – Cape Coral-Fort Myers (28.1% boomers, 27.6% growth since 2007)

Lake County – Orlando-Kissimmee (27% boomers, 26.5% growth since 2007)

No Florida county made the top 10 list for baby boomers moving out or millennials moving in; but it appears that one county, Citrus, is trading millennial residents for baby boomer. Citrus County not only made the top 10 list for baby boomers moving in, but it also made the top 10 list for millennials moving out. In 2003, 12 percent of the population was a millennial, a decline of 26.9 percent since 2007.

While RealtyTrac's statistics don't draw a direct connection between declining baby boomer markets and those on the upswing, many new Florida residents could come from Georgia, which had four cities on the top 10 list of declining boomers: Fulton County (boomer population down 21.9% since 2007), DeKalb County (down 20.1%), Clayton County (down 15.5%) and Cobb County (down 13.7%).

Overall, RealtyTrac notes four trends in their tracking:

• The millennial generation is generally moving from lower-priced to higher-priced markets for both buying and renting, with the tradeoff being more jobs (lower unemployment) and higher median incomes in their target markets.

• Millennials are also moving from counties with a smaller population (average 178,277) to counties with a larger population (average 587,522).

• The baby boomer generation is generally moving from higher-priced to lower-priced markets for both buying and renting, with the tradeoff being lower median household incomes and slower home price appreciation in their target markets.

• Baby boomers are also moving from counties with a larger population (average 809,464) to counties with a smaller population (261,232).

"The above population trends are also evident within the same metropolitan area, with millennials moving from lower-populated counties to higher-populated counties within the same metro, and baby boomers doing the opposite or moving out of the area entirely," says Ginny Walker, RealtyTrac's public relations supervisor.

© 2014 Florida Realtors®

 

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 

 

 

 

Monday, August 25, 2014

Home sales and prices continue to climb in Lee County

July 2014 Press Release & Market Indicators

 

Home sales and prices continue to climb in Lee County
(Fort Myers, FL–August 22, 2014)

 

 

 

In Lee County, 1,042 single family homes sales were completed in July 2014 compared to

1,005 in July 2013, an increase of 3.7 percent. 

 

Foreclosure sales have increased
slightly compared to this time last year, but still only amount to only 20 percent of
properties sold in July 2014.


Current inventory combined with the current pace of sales created a 4.9-­month supply
of single family homes in Lee County for July.  There was a 5-­month supply in July 2013,
which indicates a sellers' market.

 

"The benchmark for a balanced market (favoring neither buyer nor seller) is 5.5 months
of inventory",said Association President Karen Swanbeck.  "If you are considering selling
a home in Lee County, the market indicates that now is a good time to do so".

 

Lee County's housing market also showed positive year-­over-­year movement in median
price in July.  The median price for single family homes was $179,000, an increase of
$16,900 or 10.4 percent compared to July 2013.

 

 

 

 

The numbers reported by the Realtor® Association of Greater Fort Myers and the Beach represent all sales by members of Florida Realtors® in Lee County, FL.  Statistics
released each month may be revised in the future as new data is released.

 

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 

 

 

 

Wednesday, June 18, 2014

Retirement moves make a comeback

Retirement moves make a comeback

 

ORLANDO, Fla. – June 17, 2014 – Steven Ramos, a retired letter carrier, estimated his cost of living would drop 80 percent when he moved from New York to a rental community in central Florida.

In 12 years, Ramos saw the taxes on his modest 1,200-square-foot house in Queens rise from $1,400 a year to almost $4,000, and other bills climbed as well.

"The increases are insane," Ramos said. "In the wintertime, we're pushing $400 to $500 a month to keep the house warm." So off to Nalcrest, Florida.

Retirement moves, which dropped sharply during the worst of the recession, are making a comeback.

Florida, the top draw for movers 55 and older, is gaining about 55,000 older movers each year, more than twice the growth it saw after the housing bubble burst in the middle of the last decade, according to a Stateline analysis of Census Bureau numbers. Florida's annual growth for this age group is 138 percent.

Arizona has seen an 18 percent increase in retiree moves and South Carolina 6 percent, as an average of annual moves in the post-recession years of 2009-2012 compared to 2006-2009.

The 55 and older category is often used by researchers because people tend to be thinking of retirement when they make long-distance moves at that age, though they could still be moving for job transfers or other reasons.

Low cost of living and warm weather are prime draws for retirees. They tend to move from colder or high cost states such as New York, Illinois, New Jersey, Michigan and California, in search of warmer and lower cost states including Florida, Arizona, North and South Carolina and Texas. Many of the destination states also have relatively low property taxes – for instance, South Carolina's median annual property tax bill is just $769, compared to more than $7,000 in New Jersey.

Ramos and his wife, like many, put off a move because of the recession. "The bank gave us a hard time. We should have been out of here a long time ago," Ramos said.

Growth by city

The top five most popular cities for seniors have all seen increases since the recession ended in 2009, according to a study by William Frey, a demographer at the Brookings Institution. They are the metropolitan areas around Phoenix; Riverside, California; Tampa-St. Petersburg, Florida; Atlanta; and Denver.

"An emerging senior boom is boosting not only traditional retirement destinations but also emerging ones in the Southeast, Mountain West and Texas," Frey wrote. "Florida and Arizona are coming back even bigger in the post-recession period, with some falloff for Texas."

Some of those booming markets require caution.

John Burns Real Estate Consulting, a prominent housing market analysis firm, notes a buying boom around the country by older Americans whose stock portfolios recovered from the 2008 crash. But the group is wary about "hockey-stick markets" like Phoenix, Las Vegas, Riverside and Tampa where prices fell drastically and "came back too far and too fast" when investors scooped up properties. (Picture the business end of a hockey stick.)

Because of speculative price increases, "the markets there have gotten more challenging for the people who really want to live there," said Chris Porter, chief demographer at Burns.

Recreation for today's younger and healthier retirees is a big consideration – from the mountaineering and four-wheeling popular in the West to the bicycling, motorcycling and farming enjoyed by Kathy Merlino and her husband in South Carolina.

"We moved from Michigan – high taxes, hard winters and high unemployment," said Merlino, who now blogs on retirement after a career in banking and real estate.

"I saw people moving here from Florida in droves. I called it 'the Florida Trail' as people had retired from the north to Florida, which was the tradition, only to find they disliked the extreme heat," she said.

Moving halfway home

North Carolina has also become a destination for so-called "half-backers" who moved halfway back to their Northeast origins, said Rebecca Tippett, director of Carolina Demography at the University of North Carolina.

"We have mountains and we have coasts and we have seasons," said Tippett. "The balance of amenities that the state offers with the cost of living is really nice."

Florida, however, remains by far the destination of choice. A recent study by the University of Florida's Bureau of Economic and Business Research (BEBR) found the state's economy is becoming more dependent on tourism and retirees as agricultural lands are increasingly plowed under for housing. Service jobs for retirees have created a lower-skill job structure, the study suggests.

Moves to the state by seniors reached a low point of about 13,000 in 2007, but in 2012 rebounded to about 64,000, even higher than in 2005 when it was about 59,000, according to Stefan Rayer, BEBR's population director.

"It is difficult for retirees to move to Florida when they can't sell their houses up north, and stricter mortgage lending rules must have played a role as well," said Rayer. "Another factor behind the recent uptick in migration may have to do with the stock market recovery, which has improved the net worth of many individuals."

Rodney Harrell, who studies so-called livable communities for AARP, said many of the top destinations for older Americans, as noted by Frey of Brookings, are the same as those for younger people. Denver, Riverside, Austin, Portland, Oregon and others rank high with both age groups.

"They're all seeking some of the same elements, like a walkable community and a booming economy, as well as being close to family members," said Harrell, who also pointed out that the vast majority of retirees do not move at all.

An important consideration, whether moving or not, is to have a home that will not become burdensome later in life when mobility is reduced, Harrell said, noting a push to implement policies like one in Pima County, Arizona that requires new homes to have stair-free entrances and other amenities for the physically challenged.

"People in general are very poor at planning for yet-unknown circumstances," said Harrell. "If I'm 75 and healthy I'm not necessarily going to plan a community where I can walk everywhere if I can still drive."

With that in mind AARP has embarked on a project to gauge communities for long-term livability and plans to rate areas on attributes like walkability and disabled access, and to establish a standard for "age-friendly communities."

Staying put

New York state may have the largest loss of older movers, about 29,000 per year, but that's a tiny fraction of the million senior citizens in New York City alone, a number projected to grow 30 percent by 2030, according to Joe Salvo, population director for the city's planning department.

"This increase is attributable to a number of reasons: walkable neighborhoods with easy access to stores, parks, and entertainment as well as transit, existing social networks and nearby family, strong social and community services, and the list goes on," said Salvo.

Frey's study indicates that moves by older Americans have rebounded faster than those of younger millennials. The stock market recovery is uniformly cited as a factor.

A recent Associated Press poll found that half of older workers have delayed retirement plans because of the economy.

Merlino, the South Carolina retirement blogger, said there were worrisome times during the recession when the real estate market slowed and the value of stocks fell.

"Despite the recession, we had stayed in the stock market," Merlino said. "We recouped nicely and went on with our plans."

Copyright © 2014 Stateline.org, Tim Henderson. Distributed by MCT Information Services.

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 

 

 

 

Wednesday, May 28, 2014

sparguthaben-droht-entwertung-ezb-bereitet-inflation-vor

http://deutsche-wirtschafts-nachrichten.de/2014/05/14/sparguthaben-droht-entwertung-ezb-bereitet-inflation-vor/

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 

 

 

 

Adventure park being built in Charlotte County

Adventure park being built in Charlotte County

Posted: Feb 06, 2014 5:49 PM EST

 

CHARLOTTE COUNTY, FL -

One thousand acres, 26 miles of trails and 15,000 seats. Those are just a few of the specs for a new outdoor family adventure park going up in Charlotte County.

Florida Tracks and Trails is being built right now on Bermont Road, just west of State Road 31.

Nestled behind rows of trees and brush, Florida Tracks and Trails is starting to take shape.

"It's so much land to cover and this is just a small portion of it," says Florida Tracks and Trails Spokesperson Rachael Ketterman.

1,000 acres of blank canvas will be transformed into a family friendly outdoor adventure park--complete with paintball, motocross tracks, ATV trails, two ziplines, a recreation lake, RV resort and a 15,000 seat ampitheatre.

"We're just trying to create an environment for everybody of every age to come and enjoy and feel safe," says Ketterman.

Safety is a big concern for Charlotte County Leaders.

"We learned a lot from the Red Neck Yacht Club and they had six conditions when their special exception went through, and so we wanted to make sure we didn't have a situation like that. As you know there have been a lot of safety issues out there, they're addressing those safety issues but with a new project like that we wanted to make sure we hit them up front," Charlotte County Planning and Zoning Official Shaun Cullinan.

The county hit Tracks and Trails with four times the requirements before they could build. The design shows a helipad and driving lanes just for emergency vehicles--and it doesn't stop there.

"We're going to have a cashless environment once inside the park, so everybody will be using that to purchase anything from concession to retail , it'll also serve as a safety feature for drinking and driving," says Ketterman.

The roughly 20 million dollar project will bring in millions for Charlotte and at least 200 permanent jobs.

"We are catering to Southwest Florida, people will come from all over the state to enjoy this," says Ketterman

 

 

 

 

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.

 

 

 

 

Monday, May 19, 2014

Busy summer travel season expected in 2014

Busy summer travel season expected in 2014

With the brutal winter now in the rear view mirror, many Americans are planning to take summer vacations, recent travel surveys show. The majority of Floridians — 81 percent — expect to take at least one summer trip of 50 miles or more away from home with an overnight stay during the next three months. [Source: South Florida Sun-Sentinel]

See also:
» Foreigners do 70% of tourist spending


Gov. Scott touts record Florida tourism numbers

In the first three months of 2014, the governor said Florida had a record 26.7 million visitors, an increase of 2 percent compared to the first quarter of 2013. It was the best quarter in terms of visitors in state history. [Source: Tampa Bay Times]

See also:
» Florida tourism hits a record, but what's next?
» Florida ready to spend $74 million on tourism

 

 

 

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There are still plenty of Florida Vacation Homes  in Cape Coral for great rates available compared to other cities in SW Florida.