People are always wondering what our market conditions are at this time of the year. Suffice to say, business is very brisk. The days of a buyer’s market are gone. Seller’s are back in control as demonstrated by the fact that real estate inventory in the Naples and Bonita Springs – Estero real estate markets are at almost historical low levels. While inventory is very low, price increases are not at the levels observed back in the days of 2005. So if you are a buyer and interested in SW Florida, I suggest you do not sit back and wait to see what will happen next month.
Here is an example of inventory comparison. In one major golf course gated community with about 1400 residences in the community, a couple years ago, there were about 130 listings. Today 29. This is being reflected in price appreciation more and more each day.
And I am addressing only the resale market. The new construction area is experiencing significant activity.