Summer Real Estate Update

The summer real estate update offers terrific insight into the property buying and selling trends of the near future. July 2020 was one for the record books, in more ways than one. COVID-19 has put our state in the national spotlight.

While individual case numbers in our local communities have been relatively low, the toll it takes on residents is understandably sincere. In Boca Grande, businesses have gone to great lengths to ensure that extra cleaning and safety precautions are enacted.

Summer Real Estate Update

Masks are being worn to help protect our elderly and those most vulnerable. It’s a sign that islanders are taking this illness seriously and are determined to do right by each other. On this small island, the residents and locals have always maintained a close-knit community. It’s one of the many reasons to love this place we call home.

Summer Real Estate Update

From a market perspective, COVID has impacted our real estate market in a variety of ways. For instance, there is a shortage of listings coupled with high buyer demand. This has kept home prices stable. Despite COVID-19, the market remains strong.

The website traffic in July provides a realistic view of the interest:

Activity is up 20.6% from this time last year.
There were 174,234 total sessions with 72,763 search results generated.
This activity is not only a phenomenal stat given the reality we are experiencing but also provides deep insight into consumer patterns.

Summer Real Estate Update

Another realistic view of the summer real estate market comes from the results of our weekly updates. As you can see here, the listings trickle through, while the Pendings and Closed Sales take the stage. This is a reassuring trend that should set us up for another strong real estate market as the busy season kicks in.

As always, if you have questions or are interested in buying or selling in and around Boca Grande, FL – please don’t hesitate to pick up the phone or send an email to discuss the real estate market, or to get more information about living in Boca Grande.

941.276.1162
email: carolstewart@michaelsaunders.com

 

 

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