Latest Market Report Indicates Major Demand For Southwest Florida Condos
Demand for Southwest Florida condos has significantly increased according to the latest market activity reports produced by the Naples Area Board of Realtors and the Royal Palm Realtor Association in Fort Myers. While overall real estate sales for single-family homes have been
exceedingly positive comparing the third quarter of 2018 with that of last year, the transactions involving Southwest Florida condos are especially impressive.
In Naples, pending sales of condominiums are up by 21 percent, yet closed sales have also increased by 20 percent when compared with the third quarter of 2017. Lee County communities like Fort Myers and Cape Coral are likewise seeing increased activity as condo sales have increased by almost 18 percent. Amazingly, the biggest sales increase is reflected among condos priced from $600,000 to $999,000; up by 90 percent!
Overall, the real estate market remains very strong, total closed sales in Naples are up 62 percent over closed sales in September of 2017.
Naples Activity Break Down
Lee County 3rd Q Market Activity
What Does it Mean?
The market report indicates favorable conditions for both buyers and sellers. On one hand, inventory is up making it possible for buyers to more readily identify properties aligned for their needs. Yet, for sellers, particularly those selling Southwest Florida condos, median sale prices have increased right along with buyer demand, and time to contract has lessened. It can be anticipated that we’ll continue to see increases in activity throughout the fourth quarter of this year. For owners of Southwest Florida condos, if you’ve been thinking about selling, NOW IS A GREAT TIME!
Whether your resolve involves buying or selling of Southwest Florida condos, connect with me to have your questions answered and learn more about specific services provided to assure YOUR goals are achieved. Please phone, email or simply submit the form below.
Current Southwest Florida Condos for Sale
-
New$198,0002 BEDS2 BATHS774 SQFT
Davis Woods Condominium
Courtesy of VIP Realty Group Inc
Share this Property -
New$369,9002 BEDS2 BATHS1247 SQFT
Creekside Preserve
Courtesy of Keller Williams Elite Realty 2
Share this Property -
New$183,7501 BEDS1 BATHS747 SQFT
Gateway
Courtesy of RE/MAX Trend
Share this Property -
New$499,9002 BEDS2 BATHS1683 SQFT
Sanibel View Condo
Courtesy of Century 21 Sunbelt Realty
Share this Property -
New$163,0001 BEDS1 BATHS598 SQFT
South Pointe West Condo
Courtesy of Innova Real Estate Corp
Share this Property -
New$340,0002 BEDS2 BATHS1160 SQFT
Kelly Greens Golf And Country Club
Courtesy of Century 21 Sunbelt Realty
Share this Property -
New$314,9002 BEDS2 BATHS1321 SQFT
Tortuga
Courtesy of DomainRealty.com LLC
Share this Property -
New$239,9002 BEDS2 BATHS992 SQFT
Seven Lakes
Courtesy of 3.95 Full Service Realty LLC
Share this Property -
New$209,0002 BEDS2 BATHS1042 SQFT
Myerlee Gardens Condo
Courtesy of Realty Hub
Share this Property -
New$200,0002 BEDS2 BATHS1080 SQFT
Maple Gardens
Courtesy of RE/MAX Realty Group
Share this Property -
New$1,690,0003 BEDS3 BATHS2579 SQFT
Pelican Bay
Courtesy of Fort Myers Beach Realty
Share this Property -
New$315,0002 BEDS2 BATHS1558 SQFT
Colonial Country Club
Courtesy of Berkshire Hathaway Florida
Share this Property