The Naples Real Estate Market Trends April 2020 have just been released today from the Naples Board of Realtors. We are wondering what happens in Naples and the situation regarding Covid-19 with all the restrictions and closing of businesses. Does Covid-19 impact the Real Estate Market also in our lovely town Naples – called “PARADISE”? It does and it does not! Please read here what our broker Brenda Fioretti with Berkshire Hathaway HomeServices Florida Realty says about the following numbers:
According to Brenda Fioretti, Managing Broker at Berkshire Hathaway HomeServices Florida Realty, “The good news is that – even during a pandemic – Naples home values are being maintained. The report shows April’s overall percent of current list price received increased .5 percent.” This figure represents what the buyer paid for their home compared to the seller’s listed sale price. In April, the contract price averaged 95.9 percent of list price. In comparison, during April 2019, the contract price averaged 95.4 percent of list price. This statistic demonstrates that homes in the Naples area did not lose their values during April, the worst month of the pandemic to date.
Do you like to know more about these numbers and the entire report please contact us! We are happy to discuss the numbers with you and the possibilities for YOU whether you are thinking about buying or selling a property in Naples and Southwest Florida.