๐Ÿ”ฅ Fla. Home to 7 Out of 10 Top All-Cash Sales Metros, Naples #2, Cape Coral #8 in the US ๐Ÿก Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ Southwest Florida ๐ŸŒด

Dated: July 26 2021

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Nationally, cash buyers made up about 1/3 of all 2021 home sales so far, but that percentage rises to 52.6% in West Palm Beach, the top metro for cash sales in the U.S.  

The ratio was 52.5% in Naples, Collier County & 44.1% in Cape Coral, Lee County; both in Southwest Florida ๐ŸŒด

Florida Realtor Magazine 2021 07 25 Florida is home to seven out of ten top cash offers cities for homes sold after the China COVID-19 coronavirus plandemic Hoey Team 239RealEstateDeals.Com LLC

SEATTLE – More wealthy consumers are closing with all-cash transactions, which can give them an edge in bidding wars.

Nationally, almost one-third of U.S. home purchases this year have been made to cash buyers – the largest share since 2014, according to a housing report from Redfin that tracked county records across the country from January 2001 through April 2021.

“I’ve never seen more cash in Boise’s housing market than I’ve seen in the past year,” says Shauna Pendleton, a real estate professional with Redfin in Idaho. “I just sold a $700,000 home to a cash buyer last week. The entire $700,000 came from his E*Trade account.”

In many areas of Florida, the percentage of all-cash sales is notably higher than the national average, with seven metro areas listed in the top 10 nationwide for percentage of cash sales. That list includes No. 1 West Palm Beach, where 52.6% of sales used all cash.

U.S. metros with the highest percentage of cash sales

  1. West Palm Beach: 52.6% of home purchases this year were paid for with cash
  2. Naples: 52.5%
  3. Nassau County, N.Y.: 50.2%
  4. North Port: 49.4%
  5. Port St. Lucie: 46.2%
  6. Greenville, S.C.: 45.4%
  7. Palm Bay: 44.1%
  8. Cape Coral: 44.1%
  9. Des Moines: 41%
  10. Jacksonville: 40.1%

One possible reason for the uptick in all-cash sales: Remote work has allowed some homeowners in high-priced locales like San Francisco to sell and then relocate to a less expensive area. The pricey selling price of their San Francisco home then may allow them to pay cash for a new home.

Another factor: Investors are increasing their presence in the housing market. U.S. home purchases to investors or second-homebuyers tend to account for the biggest bulk of cash sales. In May, investor home purchases comprised 17% of existing-home sales, up from 14% a year earlier. All-cash sales accounted for 23% of transactions in May, according to the National Association of Realtors®.

One downside to the rise of all-cash sales: The growth makes it more difficult for first-time homebuyers and lower-income homebuyers to compete. And according to Redfin data, about two-thirds of home offers written over the last month faced a bidding war.

Source: “Share of Homes Bought With All Cash Hits 30% for First Time Since 2014,” Redfin (July 15, 2021)

๐Ÿ€ The Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜ serves all of Southwest Florida ๐ŸŒด Helping Sellers & Helping Buyers โ˜˜ 

Recently Barry & Kim with the Hoey Team โ˜˜ helped a number of sellers who had been in Foreberance and we were able to get them to a "good place"; worry free; with excellent end results.  We help people in many different situations; everybody's situation is different; if you know someone needing help; have them reach out to us in confidence: 239-360-5527 โ˜˜

As people continue to move and relocate to the general areas of Lee & Collier Counties from other parts of the United States, it is important that we are able to serve all of the area; which we do efficently, with the ability offer many different Choices and Lifestyles all of which are in abundance here in SW FLA ๐ŸŒด

Inventory remains low overall, but we do continue to list and market new properties to the marketplace and we sell many different type homes; Resale & New Construction; Multigenerational Family Compounds, Regular Single Family Homes, Villas, Townhomes and all Condo types, from low rise, to waterfront high rise right on the beach. 

We have also seen an uptake in people planning ahead, and buying that second home now, rather than waitiang as they were planning to do; especially with Snowmads and Zoombirds.  Previously we had Snowbirds; interesting how terminology keeps changing. 

Lower interest rates are probably helping with the increased sales; oftentimes over asking price.  Low inventory is the greatest chalenge for buyers; but if prepared you are ahead of the game; ask how we can help.  We recently got an amazing deal for a buyer on a Waterfront Condo with Boat Dock; and we are working on others; so there are deals out there; if you work with us, we will find them. 

For those relocating to Florida, we are pleased to be able to assist homeowners in other parts of the United States who need to sell to buy here; please reach out today for more information and how you can have a smooth, non-stressful transition / relocation.

At our Real Estate Team; Hoey Team โ˜˜ we have been succesfully working 100% virtually / remotely for the past number of years as we continue to grow; i'm glad we already had systems in place to better help sellers and buyer with goal posts continually moving in our industry.

Article content from FR (Florida REALTORS) Newsletter Magazine, and from other sources including Hoey Team โ˜˜ 239RealEstateDeals.Com LLC & Freddie Mac / Fannie Mae - Make sure to ask us for more details; Call 239-360-5527 โ˜˜

For those Living in or Visiting Southwest Florida wanting additional resources, or a list of places to see / visit:   www.SWFL-Events.Com      Feel free to share this resource page with others  ๐ŸŒด

NOTE for Buyers and Sellers: On our Hoey Team โ˜˜ VIRTUAL OPEN HOUSE Page you may WATCH ? Detailed HD 3D Immersive VIDEO ? Walkthrough Tours for all our COMING to MLS & AVAILABLE LISTINGS right HERE: ? www.239VT.com  ? 

For more Real Estate related information, or if you have questions on any aspect of Buying, Selling, Upsizing, Downsizing, Moving within or Relocating to or from Florida (the number 1 state for people to move to), or on any aspect of the Real Estate Market, Locally, Nationally or Internationally, please let us know, we can help, we can address / answer your questions, and we are always available to help you or someone you know.

P.S. --> If You'd like for us to create a Video Tour for ANY of the Properties on our website, just CLICK "Video Request Button"; from property details https://HoeyTeam.239RealEstateDeals.Com

CLICK HERE to Visit our High Definition Virtual 3D Open House Tours Page 24/7

Click Here for our most recent Market update Report for Southwest Florida and beyond.

We do not discriminate on price, we help homeowners and renters in all price ranges; Click Here for more information on the Hoey Team โ˜˜ and what we do to help or visit HoeyTeam.Net anytime.

Here is our informational Southwest Florida Website โ˜˜

Barry is a CLHMS; Click Here to see how we help with higher end properties.

Please visit our Hoey Team โ˜˜ Luxury Home Market Page by Clicking Here

Best Places to Retire? 13 of the ‘Top 25’ Are in Fla โ˜˜ Hoey Team โ˜˜ exp Realty ๐ŸŒด Southwest Florida ๐ŸŒด

Also; please check out the other blogs, and tabs to many other Links, Updates, Reports & Stats that we have here on our informational website.  

We hope that you find the information useful.  If you have any questions, please do not hesitate to contact Barry or Kim with the Hoey Team โ˜˜ 239RealEstateDeals.Com LLC

Email us at Barry@SWFLLuxury.Com  or KimZuponcic@Gmail.com or Call/Text the Hoey Team โ˜˜ at:  (239)-360-5527 

“Please Share this and our informational website with anyone who you think the info will help. 

Feel free to refer any family or friends; it is the greatest compliment that you can give to us; we really appreciate referrals from Past Customers, Friends and Fellow REALTORS, who we help in any way we can. 

Most of our business is referrals by word of mouth; from past Sellers and Buyers who we have helped; please ask for and check out our testimonials and Sales Stats.  Thanks, Barry & Kim โ˜˜ ๐Ÿ€

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Barry & Kim, Hoey Team ๐Ÿ€ 239RealEstateDeals.Com LLC โ˜˜

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