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Why Quarter 2 Is The Best Time To Sell In Southwest Florida

Thursday, April 7, 2022   /   by Suzanne McGuire

Why Quarter 2 Is The Best Time To Sell In Southwest Florida

Year over year the data from both Florida Realtors and our local MLS shows more homes are sold in Q2 than any other time of the year. 
 
January 2019 - March 2019: 3,962 single family homes sold.
April 2019 - June 2019: 5,802 single family homes sold.
 
That’s a difference of 1,840 homes.
 
January 2021 - March 2021: 6,443 single family homes sold.
April 2021 - June 2021: 7,835 single family homes sold.
 
That’s a difference of 1,392 homes.
 
Historically speaking, this was due to the increased number of closings from people who moved forward with a purchase decision after being here during season. The common thinking is “list during season when people are here”. At the same time, many of these properties are rented and hard to show.
Listing in Q2 means the buyers that are here are ready to decide and get a deal done.
sales-are-selling-home-there-are-documents-with-t-2021-08-26-17-53-44-utc.jpg How will this translate with the supercharged market we’re in now?
 
More listings will come on the market as builder’s catch-up with the pent-up buyer demand for new homes, allowing sellers to get their homes listed. Supply chain issues exist but projects are getting done albeit at a slower pace than anyone would like. All the experts agree that the market will begin to slow or cool. To be clear, we’re not saying CRASH or anything close for that matter. With over 64% of all closed transactions in Southwest Florida being cash, this is just a cooling at the current market prices.
 
If you’re a seller looking to cash in, trade up, or downsize, selling in Quarter 2 almost guarantees you will get the highest price, and even better if you can wait to buy. Put your cash in the bank for 6 months and jump back into the market in November 2022.

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 We expect home prices to stabilize towards the end of this year, however, don’t expect any discounts in the Southwest Florida real estate market; the prices are set. At the same time, needing to make multiple offers or offering 20k-50k over list price shouldn’t be as common as it was at the end of 2021 or the beginning of 2022. 
 
Income and portfolio owners that rode out the low tide of 2010-2017, now is the time to sell your duplex or other multi-family properties. 
 
First time home buyers, you are in a great position to consider the purchase of an income property. You’re able to afford the current market value for the property. In most cases, you can use up to 75% of the rental income towards your income to qualify, making an income property easier to purchase than a single-family home. Don’t be afraid to buy your first income property rather than trying to thread the needle on your forever home. Most of us move every 6 years anyway.

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We don’t have a crystal ball, but our advice is list your home today with an experienced Realtor and start planning your next move!

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The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2022. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
2022 Royal Palm Coast REALTORĀ® Association. All rights reserved. Information has not been verified, is not guaranteed, and is subject to change. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) of the Florida Gulf Coast Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Patti White - RealtyQuest Inc IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Last Updated: 11/28/2022 6:29 AM CST
The data relating to real estate for sale on this limited electronic display comes in part from the Southwest Florida Multiple Listing Services. Properties listed with brokerage firms other than Patti White - RealtyQuest Inc are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The source of this real property information is the copyrighted and proprietary database compilation of the participating Southwest Florida MLS organizations and is Copyright 2017 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. Some properties that appear for sale on this limited electronic display may no longer be available. For the most current information, contact Patti White - RealtyQuest Inc Data last updated 11/28/2022 6:29 AM CST.
Ā© 2022 My Florida Regional MLS DBA Stellar MLS, Inc.. All rights reserved. The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS, Inc. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.11/28/2022 6:29 AM CST
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2022. Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification.
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