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$649,0003 BEDS2 BATHS1607 SQFT
Pelican Landing
Courtesy of Coldwell Banker Realty
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New$349,0002 BEDS2 BATHS1613 SQFT
Majestic Palms
Courtesy of EXP Realty, LLC
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New$240,0002 BEDS2 BATHS1100 SQFT
Gulf Harbour Yacht And Country Club
Courtesy of The Landings Realty, Inc.
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New$237,0002 BEDS2 BATHS909 SQFT
Parkside Condo
Courtesy of List In MLS Realty, LLC
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New$320,0002 BEDS2 BATHS1134 SQFT
Stoneybrook
Courtesy of Realty Group of SW Florida Inc
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New$229,9002 BEDS2 BATHS909 SQFT
Parkside Condo
Courtesy of Premiere Plus Realty Company
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New$233,9002 BEDS2 BATHS1260 SQFT
Parkwoods Townhouse Community
Courtesy of ERA Right Choice Realty
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New$379,9002 BEDS2 BATHS1388 SQFT
Oasis
Courtesy of Barclays Real Estate Group 1
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New$165,0001 BEDS1 BATHS562 SQFT
Gladiolus Gardens Condo Assn
Courtesy of Premiere Plus Realty Company
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New$850,0002 BEDS3 BATHS2117 SQFT
High Point Place
Courtesy of Keller Williams Realty Fort Myers and the Islands
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$219,0002 BEDS2 BATHS820 SQFT
Davis Lake Condo
Courtesy of EXP Realty, LLC
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$319,0002 BEDS2 BATHS1422 SQFT
Colonial Country Club
Courtesy of John R. Wood Properties
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