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Naples Florida and Southwest Florida

The resale market in Southwest Florida is on fire! The last eight months of 2020 saw unprecedented levels of growth, although experts predict that the current levels are likely unsustainable over the long run. In 2020 sales of existing homes increased by 14% in Lee County and 27% in Collier County.

Lee County and the Bonita/Estero area led the way with a 25% increase from 2019 to 2020. While impressive, those numbers do not reflect the whole story. From July 2020 to January 2021 Bonita/Estero saw a 58% bump in home sales from the prior year. With such a hot re-sale market it is hardly a surprise that inventory of re-sale properties is currently low.

In Lee County, there are currently only nine residential properties on the market under $100,000.00 and only 38 properties in the $100,000.00-150,000.00 price range. In order to make up for this deficiency, experts suggest constructing new homes, renovating existing homes, along with identifying shadow sellers who could be potential sources of new inventory.

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