Friday, July 29, 2016

Southwest Florida home sellers see big equity gains

http://www.naplesnews.com/story/money/real-estate/2016/07/28/southwest-florida-home-sellers-see-big-equity-gains/87636594/

Great news for sellers in the market right now most people have over 65,000 in equity when they sold in June.


Attom Data Solutions (formerly RealtyTrac), an Irvine, California-based research firm, said Thursday that sellers of all types of homes in Collier County walked away with an average of $65,050 in equity when they sold in June. In the year-earlier month, they gained $48,500.

Negative equity was the norm then, reaching its height in the Naples area in February 2009, when the average seller lost $110,000 at the closing table.



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