Southwest Florida Real Estate

Lake and condos at Imperial Golf Estates in Naples, FloridaSizzling market is about to get hotter 

By June Fletcher Naples Daily News

The housing market in Southwest Florida has been red-hot for the past three years. Now it’s about to get blistering.

That’s the conclusion of a new second quarter survey by Local Market Monitor that predicts the Naples-Marco Island area will have the highest cumulative gain in one-to four family home prices — 41 percent — over the next three years of any of the 20 Florida metropolitan statistical areas it tracks.

And it’s up considerably from the 29 percent three-year projection the 25-year-old Cary, N.C.-based real estate research firm made in the second quarter of 2014.

“That’s a big increase,” said Ingo Winzer, president and founder of the firm, which tracks 315 markets nationwide. “You’re looking at a real phenomenon.”

He forecast the giant gain after looking at recent data pointing to a growth in jobs, a shortage of both new and resale homes, and the relatively small number of foreclosed homes on the market.

“There’s been a surge in demand of people who aren’t just visiting but want to live full-time in Naples,” he said. “I think it will continue.”

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