Over a recent 7-day period, there were 900-plus active listings, compared to about 630 homes sold during that same period.
By my account, that’s the first time in several years where the number of listings exceeded the number homes sold.
Also, the average number of days that a listing remains on the market is increasing across Collier, Lee and Charlotte counties.
On the contrary. We’ve already seen a surge of interest on Sanibel, Captiva and Fort Myers Beach, which will be home to some major new commercial projects like the South Seas resort renovation and the new Margaritaville Beach Resor And just last week, a Fort Myers Beach RV park was purchased by a development group for $52 million.
We all know that Southwest Florida – Southwest Floridians – are resilient. In some respects, our ability to endure Ian, and other storms yet to arrive, actually can make our community MORE desirable for some.