Southwest Florida Property Sales Rise Again in April

Lured by lower prices, buyers figured out the bottom is here and now is the time to buy again in Southwest Florida. For those still sitting on the fence, many of the best properties are quickly being snapped up and your options are rapidly becoming less wide ranging.

In April, Naples experienced its busiest month for sales this year and the Bonita Springs and Estero markets are experiencing the same good fortune. Overall, Naples property sales rose 6% in April and pending sales jumped 25%. Bonita Springs and Estero saw overall sales rise 33% and pending sales were also up by 30% for the month.

While lower prices appear to be the driving force behind these increases in sales, other factors are also playing an important role. International buyers are not only finding many well priced properties; they also have much more buying power because of the current weak dollar situation. For other buyers, the recent drop in interest rates is also a big part of their decision making process. And finally, although it is harder to measure, the passing of the revisions to the Save Our Homes tax amendment seems to also be spurring some buyers into action.

No matter what the cause, the fact is the Southwest Florida real estate market is moving along quite nicely once again. While the rest of the year is yet to be seen, it is obvious we're no longer at the bottom in terms of sales and the future for our markets is looking brighter every day.

Gulf Coast Associates, Realtors® specializes in upscale Southwest Florida properties from Bonita Springs to St. Petersburg. Call us today at 888-617-3674.

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