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NAPLES — In another sign of how hot the real estate market is, John R. Wood Properties, already one of the largest real estate brokerages in Southwest Florida, has increased sales volume by $1 billion in one year.
The Naples-based firm, conducting business only in Collier and Lee counties, reported 2020 written sales volume of $3.65 billion, up from 2019 written contract volume of $2.65 billion, according to a statement. That’s an increase of 37.7%.
“In July, August and September, traditionally the three slowest months of the year, the demand for homes and condominiums in our area was amazing as would-be residents sought an escape from COVID-19 and a lifestyle they could enjoy year-round,” President Phil Wood says in a statement. “In particular, the luxury market was very strong, with the $2 million and up category showing a significant increase in 2020 compared to 2019.”
The firm, with more than 600 real estate agents in 19 offices, had 2,467 closed listings and 2,863 new listings in 2020. The company serves Marco Island, Naples, Ave Maria, Bonita Springs, Estero, Fort Myers, Fort Myers Beach, Cape Coral and Sanibel/Captiva Islands.
Demand was particularly strong in areas with larger single-family lot sizes, such as Port Royal, the Moorings, Quail West, and Golden Gate Estates. Larger homes with more rooms and those with greater outdoor spaces were also highly coveted during the past year, the release adds.
In October, John R. Wood Properties announced a merger with Vineyards Naples Properties.
Founded in 1958, John R. Wood Properties is the oldest major real estate brokerage in southwest Florida.
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