The National Association of REALTORS® (NAR) most recent report showed that total existing sales, which include single-family homes, condominiums, townhomes and co-ops, rose 5.1 % to a seasonally adjusted annual rate of 5.35 million in May. Sales have increased year-over-year for eight consecutive months and now are 9.2 percent above a year ago.
Chief economist for NAR, Lawrence Yun, discussed May home sales rebounding robustly after a decline in April. Sales are now at their strongest pace since November 2009 according to Yun. “Solid sales gains were seen throughout the country in May as more homeowners listed their home for sale providing more choices for buyers.” Although inventory remains tight, homes are selling fast with price growths in some markets edging toward a double digit increase. Yun also predicts that new home construction prices are likely to stay elevated.
Vertical construction is more than 30% complete for the Le Rivage and Le Jardin single-family home models in the Residences at Mercato. Slabs have been placed for the first four villa homes. All six homes are scheduled for completion this fall. Read more>>>
Premier Sotheby’s International Realty earned the top ranking in Florida and the number 31 spot in the nation by REAL Trends, an annual research report identifying the country’s top 500 largest and most successful residential firms. REAL Trends represents the most trusted standard of measuring the performance of the nation’s leading realty service firms.
President and CEO, Judy Green, reported that the company saw significant gains in 2014 reaching a 21% increase over the previous year with 4,450 completed transactions, $3.5 billion in sales volume and an average sales price of $798,000.
“2014 was a great year for us and 2015 is shaping up to be even better,” said Green.
The University of British Columbia has ranked Naples as fourth on their recent survey of the “happiest places” in the U.S. The survey also ranked the “least happy” places in the U.S. To see the full list of happy and not so happy places click Naples, Florida.