Closed sales on homes priced from $300 to $500 thousand increased 22% and homes over $2 million increased 27%.
74% of all sales were traditional and 26% were distressed properties – short sales or bank owned.
Medium price of homes priced under $300K increased 187%
Inventory decreased 23%
“The condo market was especially hot in 2013 with a 63% increase in sales of units over $2 million,” said Glenn Ginsburg, Broker/Owner of Delta Realty of Naples.
Marcia Albert, Marketing Director of the Naples Board of REALTORS, said “The decreased inventory reflects that homeowners are still sitting on the fence and need to understand the lax lending environment of the mid-2000’s no longer exists. Now is the time to call a REALTOR.”
There are many new developments in the Southwest Florida Coast in all phases of construction.
Many have Golf courses, Waterfront Recreation, trails, pools, gyms and social events. Carriage Homes, Condos and Single Family homes are priced from $200’s up to several million.
If you are looking to invest in this growing area, are interested in a retirement home, or just want to relocate because you’re tired of sub-zero temps, please contact me at Roger Fazendin REALTORS. Through our relocation department and Leading Real Estate Companies of the World, I will provide you with an excellent, experienced Florida REALTOR.*statistics quoted are from NABOR