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
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New$199,0002 BEDS2 BATHS958 SQFT
Centre Court Condo
Courtesy of Palm Paradise Realty Group
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New$599,7773 BEDS2 BATHS1571 SQFT
St. Tropez
Courtesy of RE/MAX Realty Group
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New$279,9002 BEDS2 BATHS1050 SQFT
Golfview Golf & Racquet Club
Courtesy of SWFL Real Estate Experts
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New$449,9003 BEDS2 BATHS1336 SQFT
Kelly Greens Golf And Country Club
Courtesy of Re/Max Marketing Specialists
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New$425,0002 BEDS2 BATHS1141 SQFT
Spanish Harbor
Courtesy of Realty One Group Connections
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New$330,0002 BEDS2 BATHS1238 SQFT
Country Creek
Courtesy of Realty Group of SW Florida Inc
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New$349,9002 BEDS2 BATHS1402 SQFT
Creekside Preserve
Courtesy of Your Home Sold Guaranteed Rlty
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$499,0003 BEDS2 BATHS1722 SQFT
Pelican Preserve
Courtesy of Treeline Realty Corp
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$198,0002 BEDS2 BATHS774 SQFT
Davis Woods Condominium
Courtesy of VIP Realty Group Inc
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$369,9002 BEDS2 BATHS1402 SQFT
Creekside Preserve
Courtesy of Keller Williams Elite Realty 2
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$183,7501 BEDS1 BATHS747 SQFT
Gateway
Courtesy of RE/MAX Trend
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$499,9002 BEDS2 BATHS1683 SQFT
Sanibel View Condo
Courtesy of Century 21 Sunbelt Realty
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