Today’s question from the email bag come from Michelle – “I am interested in renting a condo, however was a bit put off when the broker explained that the unit was in short sale but the lease would not be affected. It’s a great deal but does not sound too good to be true, I’ve heard horror stories in regards to short sales and don’t want to end being kicked out before the lease is up. Do you think it would be risky to go forward in renting this?” [Read more...]
How Far Prices Have Declined in Naples
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A question was asked yesterday “How far below peak would you guess homes and condos are in the Naples area?
Statistics for homes sold show the median sold price through June 30, 2010 in the Naples area to be $227500 down 52 percent from calendar year 2005 (the peak year) median sold price of $474450. The current median sold price is approximately the same as it was in 2002. The median sold price in 2010 has increased 17 percent over 2009’s, the median price sold of $195000. [Read more...]
June 2010 Naples Condo Market Statistics
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The condominium statistics of the Naples real estate market is showing stability for the median sold in a year over year analysis. The volume of closed sales is level with last year. The number of pending sales is higher than last year. The new listings of condos for sale showed a decline in the volume.
Median Sold Price:
During the month of June 2010, the median sold price of a condo in Naples was $164000. The median price is the sold price represents the middle value of the all sold prices within a stated range. The median sold price can vary from area to area within a local real estate market. [Read more...]
June 2010 Naples Home Market Statistics
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The statistics of the Naples real estate market segment for single family homes should the median sold price of homes increased 24 percent over June 2009. The volume of homes sold increased slightly less than 1 percent and the number of new listings declined 6 percent in a year over year analysis. The number of months of homes to be sold declined to 9.8 months from June 2009′s 14.7 months.
Median Sold Price:
During the month of June 2010, the median sold price of a home in Naples was $245000. The median price is the sold price represents the middle value of the all sold prices within a stated range. The median sold price can vary from area to area within the local Naples real estate market. [Read more...]
Naples Condo Market Statistics May 2010
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The Naples real estate market for condos shows a stable median sold price at the end of May, while the months of inventory and available condos for sale are declining. The number of condos being purchased continues to increase over the previous 2 years. Pending sales are also higher than in the previous 2 years. Overall, the buyer’s market of the past 2 years continues to weaken, while the prices have remained stable.
Median Sold Price:
During the month of May 2010, the median sold price of a condo in Naples slightly decreased over the last May by less [Read more...]