“The hottest segment of our market right now is the $250-500,000 price range,” said Mike Hughes, General Manager for Downing-Frye Realty, Inc. “Our pending sales since the beginning of the year are 21 percent higher than last year – and 42 percent of that activity has been in this price range. Only three years ago, 70 percent of buyers were paying with all cash, and today that number is down to half, indicating that there are more end users these days rather than investors. That speaks well about the continued desirability of living here.”
LUXURY MARKET SURGES
Home sales in Collier County rose 11 percent in January 2018 compared to January 2017, and closed sales of luxury properties (homes above $1 million) were quite remarkable in January with a 123 percent increase.