“Our agents hit two milestones in August,” said Mike Hughes, General Manager for Downing- Frye Realty, Inc. “It’s been an incredibly busy year and they’ve now hit one billion dollars in closed sales volume as well as over 2,100 closings. A key to this success is our solid listing inventory of over 1,000 available properties. We continue to carry one of the largest listing inventories in Southwest Florida.”
How buyers purchase homes in Naples is very different than the national average home buyer as well. Cash sales accounted for only 20 percent of home purchases in July nationally. But in Naples, cash sales accounted for 50 percent of all home sales in July.