SW Florida Market Conditions Update

Real estate values have been on the rise once again.  Demand exceeds the rise in supply.  If you are selling that is good news.  If you are buying, there is less to chose from, and sellers are holding tighter to asking price.  There is still an occasional good buy available, but they go quickly, and often with multiple offers.  Generally it is a motivated seller looking to sell their home quickly, or it is a home in need of TLC, with the need for updates and repairs.  The “handyman specials” are still common in the marketplace, but not as common as in the past.  There are less foreclosures and short sales.  Banks are holding much closer to market value, and are not so quick to deeply discount sales prices.  There is no better time to invest in a new home than now.  Interest rates are still very favorable, and it is unknown how long that will last.  Contact us if you are interested in buying or selling a home.  We are here to help you.