Foreclosures Down in May

Were foreclosures down in May? According to the May 2015 U.S. Foreclosure Market Report by RealtyTrac, foreclosure activity decreased in Lee County to 603 housing units, down 15.19 percent (711 units) from April, but up 9.24 percent (552 units) from May 2014. Collier County foreclosure activity totaled 179 housing units, down 8.21 percent  (195 units) from April, but up 29.71 percent (138 units) from May 2014. Florida was among 38 states to report a year-over-year increase in real estate owned properties (up 63 percent). The state also had the nation’s highest foreclosure rate for the third consecutive month, with one in every 409 houses with a foreclosure filing.

Begin Your Naples Property Search

So, if you’re ready to begin your search for your southwest Florida Luxury home or condo, we encourage you to explore our website to find information about communities in the area.  If golf is your game, we specialize in golf community real estate and would be happy to help you navigate the more than 150 different golf communities in our area.  If you prefer a more direct approach, we will provide a list of properties that meet your criteria and/or communities that meet your needs.

Also, if you are considering new construction, remember the contractor’s real estate agent represents the builder’s best interest, not yours.  There is no cost for you to have an agent represent you. In fact, we may be able to help you save money and negotiate for extras which the builder may not let you know about.

Lastly, we will handle all contract negotiations for your property from offer to close!