Open House Traffic Picking Up

In efforts to get a firm reading on current buying and selling behavior in the Naples, Florida and surrounding area real estate market, I polled John R. Wood agents regarding their open house traffic over the past weekend. Out of the agents who responded (this is not required but done on a voluntary basis) 52 open houses were polled. There is definitely a shift in perception. The first survey was completed three weeks ago. The majority of the buyer's opinion was "we're going to wait and see what happens" This week, interest was more serious with several agents stating they obtained serious buyer leads. 1 agent received an offer while hosting an open house and two more agents mentioned they may get an offer shortly. Last week an agent showed property to one of his open house attendees and helped the buyer successfully negotiate a contract by last Wednesday. Some buyers stated they thought the bottom of the market was now and were getting ready to make a move before they miss out. Another interesting shift this weekend were the number of buyers who had just begun their search for property. Several buyers have been circling over the tops of some choice properties. I wouldn't be surprised if those didn't start disappearing shortly as some already have. 811 Buttonbush Lane in Pelican Bay was sold about 10 days ago. The buyer got a great deal!