May Newsletter

by Jonathan Maines 05/31/2020

Greetings!

We have made it to May and as promised, I am here with another SWFL real estate market update.

In light of the economic turmoil our country has faced in the past couple of months, we do have reason to be encouraged as we analyze the SWFL market data of March 2020. According to the Naples Area Board of Realtors (NABOR) Area Real Estate Activity page (click here for featured infographic), the greater Naples area has experienced a 16% increase in closed sales with an 8% decrease in overall property market time compared to March of 2019. Despite the expected decrease (38%) in pending sales, it appears as if homes are maintaining their value.

As April came to a close, mortgage rates reached a new record low with 30-year, fixed-rate averages descending to their lowest rate in recorded history (Source: click here). Though not every individual is in the position to act given the current pandemic, those who are have been encouraged to continue on with their investment plans by both local and national experts.

As a buyer/seller, what can you expect in the coming months?

As the nation begins to re-open, SWFL realtors look to guidance found within the NABOR regulations. At this time, our local real estate board has not permitted any agent to advertise in-person, open houses via SWFLA MLS. Though it is plausible that some may begin private showings of vacant properties, a slow emergence of regular, in-person open houses will not likely return until NABOR lifts posting restrictions.

Thankfully, we have technology. Virtual 3-D and video tours have served as a tremendous blessing for buyers and sellers, alike in this season. Not only have they allowed clients and I to showcase their own properties, but they have also enabled us to explore new market opportunities. If you are unfamiliar with this “open house” platform, I would like to invite you to subscribe to my Youtube channel or visit my blog. Here, you will find tours of some of my more recent listings.

For more regular market updates, please be sure to like my Facebook page. And as always- with any specific questions, feel free to contact me via phone, email or text.

Stay in touch!

Sincerely,

Jon Maines, P.A.
Phone: (239) 682-8472
Email: [email protected]
Address: 1100 5th Ave S Ste 101B
Naples, FL 34102-6407

About the Author

Jonathan Maines

After graduating from the University of Wisconsin- Eau Claire, Jon moved to Naples, Florida in 1989 where he took a job with the Naples Police Department. In 1991 Jon married his wife Kathy, also from Wisconsin, and had two children. During the next 19 years Jon continued to work for the Naples Police Department ultimately becoming a Lieutenant. During this time he and Kathy also became successful real estate investors. In June 2010 Jon retired from the Naples Police Department to focus his energies into being a successful Real Estate Professional. Jon believes that his faith, honesty, integrity, knowledge and hard work have been the key principals to his success in the Real Estate Business. If you are looking for an agent you can count on and trust to give you an honest perspective when looking to buy or sell your home, Jon is here to serve you. Call today for a free market analysis!