Sales up in April

Investors and homeowners are competing for lower priced properties throughout the Naples Area. The bargain prices at which houses are going for is increasing offers and sales. Bank-owned properties are starting to receive five or more offers almost immediately after putting them onto the market. This has been greatly caused by banks listing the properties just below market price, instead of above market price like they used to.

All of this has caused an increase in pending and sales for the month of April, much higher than the year previously. NABOR reported 585 Realtor assisted sales, compared to 486 sales last year in April. More local Real Estate brokers are now speculating that we may finally be at the bottom.