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Real estate trends is a generic term used to describe any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change.
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Naples and Southwest Florida Real Estate Is Hot!
There has never been a better time to Invest in Naples and Southwest Florida Real Estate!
Collier County is ranked number one, and Lee County ranked number two in the entire State of Florida in Existing home (re-sales) sales ending February 2004. Collier County saw a 28% gain and Lee County had an 18% gain in sales of existing homes from February 2003 to February 2004.
New home sales put Lee County number one in the United States for the 4th quarter in a row and Collier County number five. These figures are based on the number of new home permits issued per thousand people.
We are seeing incredible appreciation figures, and rental rates are at an all time high. If you purchase a home in Southwest Florida, you should realize an unparalleled appreciation, and the figures indicate that, if you choose to rent your property out when you are not here, you should easily find a tenant.
The Median sales price for the same period saw Collier County with a 42% increase ($273,100 to $389,000) and Lee County with a 31% gain ($130,500 to $170,000). Once again, these value increases show that real estate in Southwest Florida out paced most other forms of investment. Collier and Lee County Sales Figures
The Berry Realty Group will update sales figures for Collier and Lee Counties on a weekly basis to make it easy to chart the incredible equity growth figures we are currently experiencing with no end in sight
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