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$359,0002 BEDS2 BATHS1498 SQFT
The Landings
Courtesy of Rossman Realty Group Inc
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New$125,0001 BEDS1 BATHS636 SQFT
Seminole Garden Apartments
Courtesy of Barclays Real Estate Group 1
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New$190,0002 BEDS2 BATHS992 SQFT
Seven Lakes
Courtesy of RE/MAX Trend
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New$279,9002 BEDS2 BATHS1313 SQFT
The Park At Lakewood
Courtesy of RE/MAX Realty Team
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New$310,0002 BEDS2 BATHS1394 SQFT
Deauville Lake Club
Courtesy of Palm Paradise Realty Group
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$407,0002 BEDS2 BATHS1643 SQFT
Imperial Golf Estates
Courtesy of Byowner.com
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$263,0002 BEDS2 BATHS1008 SQFT
Cross Creek Country Club
Courtesy of Barclays Real Estate Group 1
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$292,0002 BEDS2 BATHS1194 SQFT
Terraces At Riverwalk
Courtesy of Starlink Realty, Inc
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$269,0002 BEDS2 BATHS1323 SQFT
Seven Lakes
Courtesy of The Laker Group LLC
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$299,0002 BEDS2 BATHS1194 SQFT
Heritage Palms Golf And Country Club
Courtesy of Kerri Theisen Realty, Inc
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$299,0002 BEDS2 BATHS1198 SQFT
Heritage Palms Golf And Country Club
Courtesy of Kerri Theisen Realty, Inc
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$185,0002 BEDS1 BATHS956 SQFT
Tuscany Gardens
Courtesy of Palm Paradise Realty Group
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