During the last 90 days, London Bay Homes has sold or gone to contract on four of its fully furnished inventory homes. The sales have occurred at Mediterra, Portofino and Quail West. Add the sale of the Isabella model at The Founders Club earlier in the year and these transactions represent more than $10 million in sales.
It appears that those buyers who have been studying the market and waiting for the right time to buy have gained a fair amount of confidence in the Southwest Florida luxury home market. Their confidence has also reduced the inventory of luxury homes priced above $1 million by about 25% during the last 12 month.
As inventory declines, prices rise and that’s the case in this buyers market. For homes priced in the $1-$2 million range, prices have risen every month for the last 10 months according to the Naples Area Board of Realtors. London Bay still have a good selection of fully furnished inventory homes available…take a look and see if any of these homes fit your lifestyle.
