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$567,5003 BEDS2 BATHS2309 SQFT
Pelican Preserve
Courtesy of VIP Realty Group Inc
Share this Property -
New$184,9002 BEDS2 BATHS988 SQFT
Myerlee Square Condo
Courtesy of Jones & Co Realty
Share this Property -
New$259,9002 BEDS2 BATHS825 SQFT
Club At Crystal Lake Condominium
Courtesy of MVP Realty Associates LLC
Share this Property -
New$325,0002 BEDS2 BATHS1333 SQFT
Olde Hickory Golf & Country Club
Courtesy of Berkshire Hathaway Florida
Share this Property -
New$295,0002 BEDS2 BATHS1418 SQFT
The Forest
Courtesy of Realty World-C Bagans 1st
Share this Property -
New$350,0002 BEDS2 BATHS1121 SQFT
Heritage Cove
Courtesy of Premier Lifestyles Real Estate
Share this Property -
New$359,0002 BEDS2 BATHS1150 SQFT
Kelly Greens Golf And Country Club
Courtesy of Flaherty Realty, P.A.
Share this Property -
New$380,0002 BEDS2 BATHS1711 SQFT
Majestic Palms
Courtesy of Pfeifer Realty Group LLC
Share this Property -
New$129,9002 BEDS2 BATHS1030 SQFT
Villa Capri Condominium
Courtesy of EXP Realty LLC
Share this Property -
New$305,0002 BEDS2 BATHS1424 SQFT
Parker Lakes
Courtesy of John R. Wood Properties
Share this Property -
New$1,325,0003 BEDS3 BATHS2611 SQFT
Gulf Harbour Yacht And Country Club
Courtesy of Starlink Realty, Inc
Share this Property -
New$435,0003 BEDS2 BATHS1991 SQFT
Portofino
Courtesy of Premiere Plus Realty Company
Share this Property