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
-
$280,0002 BEDS2 BATHS1101 SQFT
Cross Creek Country Club
Courtesy of Theresa Ann Von Braunsberg
Share this Property -
$349,9003 BEDS2 BATHS1415 SQFT
Lexington Country Club
Courtesy of Premier Florida Realty of SWFL
Share this Property -
$363,0002 BEDS2 BATHS1529 SQFT
Tortuga
Courtesy of Century 21 Selling Paradise
Share this Property -
$550,0002 BEDS2 BATHS1538 SQFT
Shadow Wood At The Brooks
Courtesy of Miloff Aubuchon Realty Group
Share this Property -
Reduced$315,0002 BEDS2 BATHS1193 SQFT
The Landings
Courtesy of Sabella Realty Inc
Share this Property -
$195,0002 BEDS2 BATHS960 SQFT
Cross Creek Country Club
Courtesy of Compass Florida LLC
Share this Property -
$384,9003 BEDS2 BATHS1542 SQFT
Terra Vista
Courtesy of Epique Realty, Inc.
Share this Property -
$305,0002 BEDS2 BATHS1370 SQFT
The Hideaway Country Club
Courtesy of Cypress Realty Inc.
Share this Property -
$169,0002 BEDS2 BATHS1030 SQFT
Myerlee Park West
Courtesy of John R. Wood Properties
Share this Property -
$469,9003 BEDS3 BATHS2174 SQFT
Portofino
Courtesy of Access Realty Group of SWFL
Share this Property -
$189,9002 BEDS2 BATHS912 SQFT
Regency Condo
Courtesy of Crown Colony Realty, LLC
Share this Property -
Reduced$152,5002 BEDS2 BATHS1136 SQFT
Westchester
Courtesy of Century 21 Listsmart
Share this Property