In the recent months, there have been some slivers of hope in the economic situation. Somehow, life has continued and people have overcome the harshness of the recession. Though still not in a stable state, the real estate market as well is also looking at things in perspective. And the reports are also in for some positive outlook. The median price of the single-family home has increased by 22 percent in the Lee County area. The previous median price is at $114,000 and now it is set at $140,000. In January 2012, 864 homes were sold while in January 2013 there were only 759 units sold. And the average number of days of a single-family home in the market is at 57 days and these units are sold to as much as 94 percent of the selling price.
From the reports of the Realtor Association of Fort Myers and the Beach the sale on single-family homes decreased by 12 percent but other aspects have reported otherwise. In an overall scale, the real estate market is starting to get back on its feet with cautious steps. The sales of homes not made through bank loans or short sales were high making up 66 percent of the January transactions.
IberiaBank Promotes Brandon Box
Iberiabank in the Naples market has announced the promotion of Brandon Box to Vice President. Iberiabank is a subsidiary of the Iberiabank Corporation with head office in Louisiana. Its financial product line is comprehensive enough with Retail, Commercial And Private Banking as well as Mortgage, Treasury Management, Investment Services and Online Banking.
Brandon Box joined the financial institution in 2008 starting out as a graduate intern. He took his master’s degree in Business Administration from the Louisiana State University. He worked as a credit analyst when the job in IberiaBank became full-time. After that, he stepped up and became the commercial relationship manager.
New Board Of Directors For Alico Inc.
Alico Inc., an American company catering to agribusiness and land management has announced the new members of the board. The Board of Directors composed of JD Alexander, Ramon A. Rodriguez, Thomas H. McAuley, John D. Rood, Charles L. Palmer, Gordon Walker, Ph. D., Robert J. Viguet, Jr., Dykes Everett and Adam D. Compton.
The elected chairman of the board is Ramon A Rodriguez and other officers were elected as well. JD Alexander is the President and CEO; Ken Smith, Ph.D. is the Executive Vice President and COO; W. Mark Humphrey is the Senior Vice-President, Chief Financial Officer (CFO) and Assistant Secretary; Steven C. Lewis as Treasurer and A Denise Plair as Corporate Secretary.
The board members were also appointed in three different committees namely Audit Committee, Compensation Committee And Nominating and Corporate Governance. For the Audit Committee, McAuley is the chairperson and financial expert with Compton, Everett, Palmer and Viguet, Jr. as committee members. Compensation Committee is headed by Palmer as the chairperson with Rood, Viguet, Jr. and Walker as committee members. Then for the Nominating and Corporate Governance Committee, Rood is the chairperson with Compton, Everett, McAuley and Walker as the Committee members.