June 2021 Market Update By D. Michael Burke Happy June everyone! It’s hard to believe that Memorial Day is behind us already, and that July 4th is literally just around the corner! Now that summer is officially here, perhaps you’ve been thinking about upgrading your home in advance of listing it this summer. Before you […]
May 2021 – SWFL Real Estate Market Update
Tight Inventory and Increased Demand By D. Michael Burke Happy May, everyone! As we head into summer, the residential real estate market is still very active, but inventory is still very, very tight. If you’ve been thinking about selling but you’ve been unsure as to whether now is the right time to do it, the […]
April 2021 – SWFL Real Estate Market Update
Happy April, everyone! For this month we’ll just cut to the chase. If you’ve been thinking about selling a house or condo, you’ll want to get in while the market is still hot. Why? Because recent data indicates that lack of for-sale properties coupled with the springtime buying rush, is leading to all-out bidding wars. […]
March 2021 – SWFL Real Estate Market Update
Greetings, and welcome to the third month of 2021! For this month, we wanted to cut right to the chase—if you’ve been thinking about selling your home, now is the time to do it. Why? Because as of the last week of February, there were only 4,864 active listings on the MLS—which is the lowest […]
South Florida Real Estate is Booming!
If you’ve looked at the temperature gradient maps of the continental U.S. over the past few weeks, it’s not hard to see one main reason why Miami and South Florida’s real estate markets are on fire. Locked down and snowed under in Brooklyn, NY on February 18th, 2021 LIGHTROCKET VIA GETTY IMAGES With partial lock […]
November 2020 – SWFL Real Estate Market Update
Buyer demand is strong, but sellers need to price their homes right We’re less than 2 months away from the end of the year and the SWFL real estate market is as strong as ever. For example, local data from September shows that pending sales have risen by an astounding 80.2% year-over-year, and that […]
Midtown in Bonita, a new development, approved in Bonita Springs
A new commercial and residential development called Midtown at Bonita gained approval from the Bonita Springs City Council at a Sept. 2 public meeting. Midtown would be built on 67 acres to the east of Interstate 75, on the northwest corner of Bonita Beach Road and Bonita Grande Drive. The community can have up to […]
July 2020: Still Adapting to the New Normal
Hello, Neighbors! At Paradise Luxury Group, we have a saying. “If you want the local weather forecast, do not pay attention to the national weather report.” Just because the national forecast calls for widespread pockets of rain, that’s not to say that certain parts of the country won’t enjoy clear, sunny skies. That analogy holds […]
41% of homebuyers would go over budget by $25K for the perfect home
Although 80% of homebuyers consider price to be the most important consideration of a purchase, 41% were willing to go above budget by an average of $25K for the perfect home. There are many factors to consider when buying a home. And, although 80 percent of homebuyers consider price to be the most important consideration of a […]
May 2020 Real Estate Market Update: The Real Estate Market Is Still Alive and Well
It’s been more than a month since the nation has begun to adapt to a “new normal” of how to live life during a global pandemic. And while industries across the board have been impacted, the real estate industry is faring better than you might expect. For example, data from the MLS indicates that during […]
