Friday, August 3, 2018 / by Hunter Habib
Market Update - August 2018
Greetings, Neighbors!
It’s been a strangely dry, but wet, summer season thus far in Southwest Florida. The unpredictable weather and the overabundance of algae we’re experiencing right now has not deterred buyers, but in the local market, inventory levels have decreased somewhat, especially in the $300-500K price segment. This is likely due to those homes selling the quickest, as that price point is a sweet spot for many buyers currently looking in the market.
If you’re in the market to buy in that price point, be prepared for some competition out there due to the limited availability right now. For those homes in this price segment that are accurately priced to market value with updated décor both inside and outside, and are in desirable communities, multiple offers will be the challenge for buyers. If you find a property that you really like in this price segment, don’t wait – put your offer in now because tm ...
It’s been a strangely dry, but wet, summer season thus far in Southwest Florida. The unpredictable weather and the overabundance of algae we’re experiencing right now has not deterred buyers, but in the local market, inventory levels have decreased somewhat, especially in the $300-500K price segment. This is likely due to those homes selling the quickest, as that price point is a sweet spot for many buyers currently looking in the market.
If you’re in the market to buy in that price point, be prepared for some competition out there due to the limited availability right now. For those homes in this price segment that are accurately priced to market value with updated décor both inside and outside, and are in desirable communities, multiple offers will be the challenge for buyers. If you find a property that you really like in this price segment, don’t wait – put your offer in now because tm ...
