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The Real Estate Market: From Mountains to Manatees the Market is Good

By: Get News

Evergreen, Colorado, USA - "I work two pretty different markets, Naples Florida and Evergreen [Denver] Colorado and both markets are starting the spring season strong for sellers," says Dan Skelly, Broker/Owner/Agent of Orson Hill Realty. The real estate market across various regions in the United States continues to show positive growth, with particular focus on the Cape Coral-Fort Myers, Naples-Immokalee-Marco Island, and Denver-Aurora-Lakewood housing markets.

In the Cape Coral-Fort Myers housing market, the last three years have seen positive price growth. The current median home price stands at $372,667. This market has been buoyed by most buyers having access to government-backed financing. The local National Association of Realtors (NAR) leadership, represented by Eric Sain, has been instrumental in this growth. Housing equity gains in this region range from $151,900 to $472,030, and the FHA loan limit is $414,300. Despite a slowing price growth, the gains in the last three years have extended the trend of positive growth after the recession.

The Cape Coral-Fort Myers housing market is part of region 5 in the NAR governance system. The 2023 NAR Regional Vice President representing region 5 is Eric Sain. The official coverage area includes Lee County. The economy of Florida has outpaced the rest of the nation and improved modestly from last month's 5.24% change. Unemployment in Cape Coral-Fort Myers is better than the national average and improving. The current level of construction is 20.9% above the long-term average. Construction continues to decline from last year. The price-to-income ratio eased, but could be better. Affordability in Cape Coral-Fort Myers is more affordable than most markets. The current unemployment rate is 2.2%. The 12-month job change is 4,200. The 36-month job change is 3,700. The 12-month sum of 1-unit building permits through Dec is 3,674.

The Naples-Immokalee-Marco Island, FL housing market has also seen positive price growth in the last three years. The current median home price is a whopping $1,089,300. However, government-backed financing is limited in this market, which is hampering home sales. The 7-year housing equity gain is $368,000, and the 3-year and 9-year housing equity gains are $485,000 and $672,750, respectively. The FHA loan limit is $387,000, and the conforming loan limit is $175,767.

The Naples-Immokalee-Marco Island housing market is part of region 5 in the NAR governance system. The 2023 NAR Regional Vice President representing region 5 is Eric Sain. The official coverage area includes Collier County. The economy of Florida has outpaced the rest of the nation and improved modestly from last month's 5.24% change. Unemployment in Naples-Immokalee-Marco Island is better than the national average and improving. The current level of construction is 20.9% above the long-term average. Construction continues to decline from last year. The price-to-income ratio eased, but could be better. Affordability in Naples-Immokalee-Marco Island is more affordable than most markets. The current unemployment rate is 2.2%. The 12-month job change is 4,200. The 36-month job change is 3,700.

The Denver-Aurora-Lakewood housing market, part of NAR region 11, has seen prices increase from a year ago, but price growth is slowing. The current median home price is $372,667, with a 1-year appreciation of 3.6%. Housing equity gains range from $151,900 to $360,700, and not all buyers have access to government-backed financing. The FHA loan limit is $787,750, and the conforming loan limit is $175,767.

The Denver-Aurora-Lakewood housing market is part of NAR region 11. The 2023 NAR Regional Vice President representing region 11 is Kevin Sigstad. The official coverage area includes Adams County, Arapahoe County, Broomfield County, Clear Creek County, Denver County, Douglas County, Elbert County, Gilpin County, Jefferson County, and Park County. The local economy has outpaced the rest of the nation and improved modestly from last month's 4.85% change. Unemployment in Denver is better than the national average and improving. Local employment growth is poor and needs to improve. The 12-month job change is -3,100. The 36-month job change is 24,700. The number of 1-unit building permits is 3,674. The monthly mortgage payment to income ratio is 2.3, which is more affordable than most markets. The median home price to income ratio is 3.5, which is weak by local standards and could weigh on demand. The price-to-income ratio eased, but could be better. The ratio of local mortgage servicing cost to income is 20.7%, which is weak by local standards and could weigh on demand.

These markets represent the diversity and strength of the real estate market across the country. From the mountains of Denver to the manatees of Florida, the market is showing resilience and growth, providing opportunities for buyers and sellers alike. As Dan Skelly, Broker/Owner/Agent of Orson Hill Realty, puts it, "Both markets are starting the spring season strong for sellers."

For more information, please refer to the detailed reports linked above. This press release provides a snapshot of the current state of the real estate market in these regions, but the situation is dynamic and subject to change. Potential buyers and sellers are advised to consult with a real estate professional to understand the specifics of their local market.

Media Contact
Company Name: Dan Skelly Broker
Contact Person: Media Relations
Email: Send Email
Phone: 303-835-9895
City: Evergreen
State: Colorado
Country: United States
Website: https://orsonhillrealty.com/listings-spotlight/



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