We had a tremendous real estate market in 2014 for southwest Florida. So far, 2015 looks like it is going to be another great year for real estate sales.
As of May 26, 2015, Downing-Frye Realty, Inc. agents have participated in just over 1,800 closed transactional sides. That is a tremendous amount of business. For our company, that equates to $868 million in closed sales volume. Our sales are running slightly ahead of our sales for 2014. Considering the fact that 2014 was one of the best years ever for real estate sales in this area, that is encouraging!!!
With over 1,000 listings in the area, our listing base remains strong.
We will see some multiple offers in this kind of real estate market. If a buyer sees a property that they like, they have to assume that others might like it also if the property is priced right. We are not seeing as many ” low ball ” offers as we did back in 2007 and 2008. It is a very competitive market right now. There are a lot of different groups of buyers looking at southwest Florida. You have the baby boomers who are certainly buying in this area. You also have the boomerang buyers starting to make purchases as their credit gets repaired. We continue to have retirees on fixed income purchase in the area. You also have a lot of first time home buyers searching the area for their first home purchase. You have a lot of international interest in the west coast of Florida. You also have east coast Floridians starting to make the trek across the state and see what the west coast of Florida has to offer. The bottom line is this….. there is a lot of competition among buyers for properties in southwest Florida.
From a seller’s perspective, our summer season has been very strong for the last several years. It is a great time to list your property. Downing-Frye agents are hungry for more listings. We have a reputation for selling a lot of property. For twelve years in a row, Downing-Frye Realty,Inc. has won the Southwest Florida Choice Award for Best Real Estate Office. This is a contest that is run by the Naples Daily News. We take enormous pride in this prestigious award.
Downing-Frye agents are optimistic heading into the summer. With all of the sales momentum that we had in the winter season, you have to believe that we will be pretty busy this summer.
At this point in the year, it looks like Downing-Frye will have a closed sales volume of over one billion by the end of June. No wonder we are optimistic about the summer season!!!!
Mike Hughes, Vice President
Downing-Frye Realty, Inc.