Summer is in full swing on Florida’s Southwest Coast. Our gorgeous coastlines remain pristine and highly populated with visitors and residents alike. Whether the avid angler, sun worshiper or eco-enthusiast, the coast of Southwest Florida continues to offer the ultimate in natural bounty, and has remained unscathed by the oil off the coast of Louisiana. Get a coastal experience, via live web cam of award-winning Siesta Key Beach at http://seesarasotalive.com/siesta-key.php.
The newest statistics from the National Association of Realtors’® 2010 Profile of International Home Buying Activity, indicate the US remains a strong destination for international buying interest. The states of Florida and California, again, hold the position as the top two destinations, while Canada represents 23% of the international buying population, the largest buying group for the past three years.
As of June 22, 2010 the International Property Journal named “Sarasota Florida is the best buy in the Western World!” The report, published in www.GlobalEdge.co.uk ranks popular resort and second home locations globally.
Housing Snapshot
As the recent US national headlines have read “Housing Falls off a Cliff,” the Southwest Florida Market continues to attract real estate buyers and post positive indications of market stability. With real estate being truly “local,” the following snapshot offers an overview of area activity.
Sun Coast
June 2010 sales continued a strong showing in the Tampa area market with 2,069 total residential sales, the highest since August of 2006, with April and May posting 1,951 and 1,851 respectfully. The Tampa market presently posts a 6.5-month inventory level, nearing the point of market balance.
Cultural Coast
Property sales in Sarasota have continued strong right through June 2010. Property sales hit 776, the highest of 2010, and the greatest total since December ’05, while pending sales were once again strong at 767.
Paradise Coast
During the month of June 2010, the median sold price of a home in the Naples area was $245,000, versus $198,000 in June 2009. The $1M, and above, price points posted the greatest increase in pending and closed sales. A consistent increase in both pending sales and closed sales, along with a median price increase offer the greatest confirmation of the overall housing market recovery in Naples.
Results You Can Count On
Florida Homes Magazine’s online presence www.FloridaHomesMag.com is a top-ranked website featuring digital editions of each issue, Southwest Florida Real Estate News, and feature Cover Stories of some of the areas finest homes. With an Alexa (web traffic) rank of 1,439,223, FloridaHomesMag.com is in the top 4.63% of all websites globally.
