Greg Snow - Southwest Florida Real Estate Expert provides real estate services to Cape Coral, Fort Myers, Sanibel and Captiva Islands

 When Jim Morrison of the Doors, sang the haunting words to "The End", www.thedoors.com , he was not referring to the possible conclusion of the worst housing crisis in Lee County, Florida's history. Our local print media, www.news-press.com, led off Sunday with the old "Light at the End of the tunnel clique". Referencing local real estate brokers, bankers and represenatives of our Lee County Building Industry, the swing in mood to semi-cautious optimism is gathering some momentum. The days of bidding or offering below asking price for homes is long past. The days of full price for these REO's (real estate owned) is mostly past. The days when the starter homes get 10-30 offers in first two weeks is here, most savy brokers are advising their clients to go high in their offers if they want the property. Cape Coral and Lehigh Acres are beginning to see decreases in inventory, especially the Cape.

Our median sales price in Lee County has become the same amount it was 12 years ago (about $85,500), which lends creedence to the song "Trucking", www.gratefuldead.com, with long and strange being emphasized strongly. Falling far from the glory daze or days of $322,300 in December of 2005 has left us looking for "The End", and if you are not saddled with an upper end property, as Jim Morrison said" This is the END.........."