SWFL New Construction Rising

New Construction Rising in SWFL

Is new construction rising in southwest Florida? Based on the number of permits pulled in Collier, Lee and Charlotte county over the past year, the answer is clearly “yes”. The tri-county area is on track to see a 21 percent increase in permits in 2017. Builders and homeowners are expected to pull almost 13,000 permits for the year.

Overall, from October 1, 2016 through September 30, 2017, residential permits in Lee county increased 33 percent. The large increase was primarily driven by new apartments and assisted-living projects. Also, Collier County new construction permits increased to 4,229 which is a 4 percent increase. On the flip side, Charlotte County saw a 6 percent decline in new permits down to 1,081 for the past 12 months.

Top Ten New Construction Communities

Bonita National (Lennar Homes) – Golf Community
Treviso Bay (Lennar Homes) – Golf Community
Naples Preserve (DR Horton)
Mystique in Pelican Bay (Coastal Construction) – Golf Community
Esplanade Golf and Country Club (Taylor Morrison and Stock) – Golf Community
Talis Park (FrontDoor, Lennar and WCI) – Golf Community
Isles of Collier Preserve (Minto)
Marbella (Lennar)
Lindsford (DR Horton)
Hammock Cove (DR Horton)

Additionally, Michael Timmerman, a senior vice president and economist with Meyers Research LLC, gave a bigger picture perspective of the Florida market. According to Mr. Timmerman, he expects to see “solid slow growth, which is really what we want to have.”

Should I Use a Realtor If I’m Buying New Construction?

Permits Up, but SWFL Builders Still Warned About Storms Past and Future

Begin Your Own Property Search:

So, if you’re ready to begin your property search, I encourage you to explore my website to find information about communities in Southwest Florida. If golf is your game, I specialize in golf community real estate and would be happy to help you navigate the more than 100 different golf communities in our area. If you prefer a more direct approach, I will provide a list of properties that meet your criteria and/or communities that meet your needs.

Bottom Line:

If you are buying a home in a golf community, you will find it’s more complex than a typical home purchase. As you can probably imagine, there are significant differences between golf communities. There are many different fee structures, membership options, pet restrictions, demographics and many other details that apply to the SWFL golf communities.

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 to you to have an agent represent you. In fact, I may be able to help you save money and negotiate for extras which the builder may not let you know about.

If you’re looking for information about a specific community in Bonita Springs, Estero or Naples, please contact me and I will prepare a custom market report for you. I will provide the market information and insights to help make sure you select your dream home!

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