Investor Sales are Down
Investor Sales are Down
Institutional investor sales are down in both Collier and Lee counties. Institutional investors are entities which purchase at least 10 properties during a calendar year. These investors accounted for 0.9 percent of all single-family and condo sales from January to June 2015 in the Cape Coral-Fort Myers metro area Last year during the same time period institutional investors represented 4.1 percent of total sales according to a report by RealtyTrac. Institutional investors made up 0.5 percent of sales in Naples from January to June of this year, compared with 1.2 percent from the same period last year.
Bottom Line:
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