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WE’RE GROWING!

 

GULF COAST MANAGEMENT GROUP WELCOMES PATTY BRAWNER

We are so excited to announce that our Gulf Coast Management Group team is growing!

Patty Brawner joins us as a Licensed Real Estate Agent who has focused her career as a property manager. She comes with experience in both seasonal and annual property leasing, as well as large, luxury community property management. As a member of our team, Patty will focus on customer relations and property management. We are proud to have her with us to continue the Gulf Coast Management Group legacy of building long-lasting relationships through individual attention and high-quality service. Our goal is to provide peace of mind to our valued investor owners when it comes to the management of their investment properties.

Reach out at 239-325-4300, or by email at Patty@gcmg.biz, and join us in welcoming Patty to the Gulf Coast Management Team.

Nabor Market Report

First Quarter Housing Market Activity Sets Stage for Strong Year

Excerpts from First Quarter Naples Area Board of Realtors Market Activity

Tourism was up in our area this season compared to last year so it is not surprising that we would end with strong pending sales for the quarter,” said Kathy Zorn, President/Owner, Better Homes and Gardens Real Estate Pristine. “But I wasn’t expecting to see a 109 percent increase during the quarter in pending sales for condominiums over $2 million!”

There are very good investment opportunities in the condominium market, especially at both ends of the market,” added Coco Amar, a managing broker at John R. Wood Properties. “The top and bottom price categories are where both the inventory has grown and the prices have dropped.”

As reflected in the market’s year-ending statistics (12-months ending 1Q 2018 versus 12-months ending 1Q 2017), there was a 69 percent increase in closed sales of condominiums in the $2 million and above market, and a 17 percent decrease in its median closed price to $2,450,000 from $2,962,000 in 2017. Despite rocket sales in this high-end sector during the first quarter of 2018 (179 percent increase) and a drop in median closed prices for the first quarter (24 percent decrease), its inventory increased 5 percent! Similarly, median closed prices for condominiums in the $300,000 and below price category dropped 1 percent to $199,000 from $200,000 in the first quarter of 2017, but inventory increased 3 percent.