So what are the current market conditions in Naples? Can you still get in under the guise of being a Buyer in a Buyer’s market? Well if there is a chance, you had better get moving because market conditions are-a-changing!
My company is the largest real estate company in SW Florida. As such, our numbers are a pretty fair measurement as to what is happening. Our pending sales contracts are up 29% over last June ( 2012 ) for the first 21 days of the month. We have already had 250 pending sales turned in this month. As I recently stated in the newspaper, we had too much sales momentum in May for it to slow down in the summer. Looks like a lot of us are going to be busy this summer!!!
That’s for the month but what about momentum for the year in comparison to last year? We have now closed 2,040 transactional sides for the first 172 days of the year. Let’s put this accomplishment in perspective. In 2007, we closed 1,971 transactional sides in TWELVE months. In 2008, we closed 1,968 transactional sides in TWELVE months. This year, we have closed over 2,000 transactional sides in less than SIX months.
I would also add that there is a tremendous amount of new construction going on.
June 22, 2013