The Florida summer real estate market is hotter than ever, and now is the time to sell.
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What is happening in the Florida real estate market today? Is the season over? In actuality, this year it feels as though it’s just beginning. The market is busier today than it was during what we usually consider to be the prime season.
We believe that the reason is linked to the election. A lot of buyers were hesitant and wanted to wait and see what would happen. Now we’re seeing them come out at what would typically be the end of season.
May was unusually busy and June is off to a very strong start! In the first 22 days of the month we saw record numbers. The most recent sales data for buyers in our market shows that in Naples, 626 properties went under contract. That’s an average of 209 per week, and 28 per day. We’ve seen an almost even split among types of homes with 320 single family homes and 306 condos going under contract.
In Bonita Springs / Estero, 195 properties went under contract. That’s 65 per week and nine per day, with 108 being single family homes and 87 condos.
We believe that the reason is linked to the election. A lot of buyers were hesitant and wanted to wait and see what would happen. Now we’re seeing them come out at what would typically be the end of season.
May was unusually busy and June is off to a very strong start! In the first 22 days of the month we saw record numbers. The most recent sales data for buyers in our market shows that in Naples, 626 properties went under contract. That’s an average of 209 per week, and 28 per day. We’ve seen an almost even split among types of homes with 320 single family homes and 306 condos going under contract.
In Bonita Springs / Estero, 195 properties went under contract. That’s 65 per week and nine per day, with 108 being single family homes and 87 condos.
If you list your home now, you’ll stand out and be noticed and likely sell your home faster and at a better price.
We are seeing very serious and motivated buyers. I’ve had six offers on my listings in just this week alone. During this time of the year you’ll find that a lot of local, year round residents who are too busy to move in season are buying now. Professionals in hospitality, real estate, mortgage, insurance, education, law, accountants, medicine, and many other fields generally wait until the off-season to shop for homes due to demanding in-season schedules.Anyone with children wants to be in a new home before the new school year. Buyers want to buy now so they’ll have a home to return to in September and October. Some areas were actually busier than "prime season." With less than half the inventory to compete with today compared to February you have a chance to stand out in front of all the serious and motivated buyers. It is quality over quantity. No tire kickers or sight seers. The low-priced homes have already sold, and many of your neighbors have gone north for the summer. They’ve pulled their homes off the market, making it the perfect time for you to list your home. If you list your home now, you’ll stand out and be noticed and likely sell your home faster and at a better price than waiting until the fall when we are flooded with new inventory. Classic supply and demand means you could sell for more. Those of you who had renters in your properties during the season have maximized the return for 2017. If you sell now, you can cut out the carrying costs and put yourself much farther ahead than if you waited until next season to list your property.
This may be the best time to sell that we’ll see this year, or even next season when you will be competing with even more new construction. In the last six months, I’ve sold 46 homes. The average agent sells two to three homes per year; we do that every week! Since it only takes one buyer, why not seriously consider the opportunity this market creates for you. Is there any reason not to sell now? If you have any other real estate questions or are looking to buy or sell a home, don’t hesitate to call me. I am happy to help!
