“As we wrap up another successful winter season, our Realtors are preparing for a busy summer,” said Mike Hughes, General Manager for Downing-Frye Realty, Inc. “Let’s take a quick look at our winter season. We had 1,608 pending sales for the first five months of 2019. Of these pending sales, 1,224 have already closed with many scheduled to close over the next 45 days. Despite all of these closings, we still have a listing inventory in excess of 1,100 properties. With an average closed sales price of $616,376, our agents can’t wait for the summer season. If you are thinking about listing your property, now would be a good time as the kids are getting out of school for the summer. Once the kids are out of school, we get a lot of summer visitors. What a great time of the year to visit! If you are a buyer, the listing inventory in Southwest Florida is strong right now with plenty of choices across all price ranges.”
NAPLES AREA: April was a solid month with strong sales activity in both the single-family and condominium markets.
BONITA / ESTERO: Home prices have been stable in the Bonita Springs/Estero market, and properties priced to current market value are leading the sales activity. Pending home sales increased by 5 percent in April 2019.