“We see opportunity in every real estate market,” said Mike Hughes, Vice President of Downing-Frye Realty, Inc. “Florida’s real estate business was deemed as essential, and our agents and staff have been doing a great job under the circumstances. This is a historic time we’re living through, and we’re helping each other like never before. We continue our commitment to represent buyers and sellers in Southwest Florida. New pending sales continue to come in, and about ten percent have sales prices over $1 million. There is high demand for the kind of lifestyle we have here. I’m sure many people from out of state wish they were living here right now.”
Naples Area: The need for housing in the Naples area – whether it be a rental, new home construction, or homes in the resale market – is essential and still in demand. Overall closed sales in March increased 15.8 percent to 1,148 closed sales compared to 991 closed sales in March 2019. Reporting also showed a 22.5 percent increase in closed
sales for the first quarter of 2020 (2,689 total closed sales) compared to the first quarter of 2019 (2,195 total closed sales).