INVESTMENT STRATEGY
SW FLORIDA
SPONSORED CONTENT
Surging Prices and Sales Drive the Market in Southwest Florida
HOW LONG WILL IT LAST?
by Robert Knight
2022 PREDICTIONS After a record year from sales and prices, topics ranged from single and multifamily home sales to commer- cial, retail, and industrial space. Land, new home sales, and develop - ment expert Randy Thibaut, founder of LSI Companies, stated that while usually the national real estate cycle fluctuates every seven years, the country is in currently on the 11th year of an uptick in new single-family homes sold.
“We thought we were going to see softening, but then something happened…it was COVID-19,” Thibaut said. “It was the spark that lit the fuse in our market. Our permits soared in spite of the pandemic.” As an example, Thibaut used a residential property in Cape Coral that in 2020 sold for $267,000. In fourth quarter 2021, that house was valued at $366,000, a 37% increase. “A house in the North Cape could be $500,000 this year,” Thibaut said.
very year at the Market Trends conference, Southwest Florida real estate experts get together to share valuable insights and give their outlook on the current climate and future forecast when it comes to property acquisitions in one of the fastest growing areas in the country. This year the theme was The Thrill of the Chase. Let’s dive into what their predic - tions are for 2022. E
74 | think realty magazine :: may – june 2022
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