MARKET UPDATE – JULY
Have you been thinking about the real estate market in Southwest Florida? Or perhaps you own a residential property in Southwest Florida and are wondering how the current market and recent changes have impacted your property values. If you’re open to having a conversation, I think you might be interested to learn how those recent changes have impacted your property values and what your options are right now.
Our team has noted remarkable appreciation in the market here in Lee and Collier County, and your plans to sell that may have put on hold in the past may be much more viable now. We are seeing a major increase in buyer activity right now and there is a very low inventory of properties for sale in our market – in fact, 70% less than this time last year.
REAL ESTATE NEWS ARTICLES:
Wealthy Americans snap up vacation homes
Sales of existing homes in counties with at least a 20% share of vacation homes rose by 24% on average in 2020, more than double the 11% increase in counties that don’t have a large volume of vacation homes, according to a National Association of Realtors report.
How record-high lumber prices are making new homes less affordable
Home prices are accelerating in the U.S., with the average price of newly constructed homes hovering around 400k. And thanks to skyrocketing lumber prices — up over 300% in the last year — prospective homebuyers want to know if they should prepare for higher prices.
1,000 Americans move to Florida EVERY DAY
Roughly 1000 people move to Florida a day and many come from high-tax Northern cities in New York, New Jersey and Connecticut
South Florida Real Estate is Booming!
With partial lock downs and restrictions on indoor dining, entertainment, sports, and gatherings still in effect in many states (with no clear end in sight), any place that offers the opportunity to do anything outside without wearing snow boots and chipping ice is worth paying a premium for right now. The average daily high in South Florida over the past two months has hovered around 76 degrees with mostly clear skies.
Topgolf Construction Underway!
Topgolf, with its climate-controlled playing bays, is expected to open next spring in Fort Myers, according to a company representative. Construction is underway behind the Lowe’s and Hobby Lobby on Six Mile Cypress and Colonial Boulevard, said Todd Waldo, Topgolf’s director of real estate development.
Can you just click a button to get your home’s value?
You want to know how much your home is worth and you want to simply click a button to get the information. No salesperson, no laundry list of things about your house to submit, you simply want to know what it is worth. Right?
Our marketing plan is unlike all others in this market! It will maximize exposure and get top dollar for your home.
Get active, pending, and all sold properties near your home or within your community within the past six months, as well as average sale price and the average days on market and more right HERE!
The Paradise Luxury Group now has a website dedicated to showing you all open houses in the Southwest Florida area! No more driving around aimlessly – now you have a plan! Don’t forget to call your Paradise Luxury Group Agent to accompany you on your open house visits! Check out today’s open houses at https://paradiseluxurygroup.com/open-house-search/
Our client resources and tools now reside on a dedicated server, making your experience faster and more convenient than ever! No other real estate team in Southwest Florida has the technical tools we have dedicated to serve you!
Let us present you with the most accurate data about your neighborhood including closed and active home sales. Visit: MarketReportSignUp.com
Chat with our team in real-time to get your questions answered now!
Take advantage of my sophisticated and exclusive system that provides valuable feedback from your showings via email, so you know what buyers are thinking.