By Amanda Brock
As Co-Chair of the Lee County Bar Association’s Land Use and Governmental Law Section, I recently had the privilege of sitting down with Matt Simmons, State-Certified Residential Real Estate Appraiser and partner at Maxwell Hendry & Simmons, after he spoke at our group’s July luncheon. Matt shared so much valuable information with us (no pun intended) that I hoped to capture some of that knowledge to share here. Given the importance of the real estate market to our community, it is nearly impossible to distill the wealth of data Matt and his firm have in a short blog. But, it’s always fun to try!
Q: You have great data to share, and you mentioned that often the data can be skewed if viewed in isolation. What do you see as the most misunderstood information reflecting the SWFL market?
A: Probably the most misunderstood statistic is the median home price indicator. Yet it’s the one that most of us refer to most frequently. If the median price increases 10% in a given year across the county, it’s easy for people to think that means their home increased in value 10% over the past year. But aside from …read more
Source:: Legal Scoop