You are here: Home / 2010 / Archives for May 2010

What Are the Benefits of Buying Foreclosed Homes

By

If you are on the looking for a reasonably priced property in Naples real estate market, you can find some great deals. These foreclosed properties are located in some of the best residential areas in Naples and are available at unbelievable prices to what they previously sold for, which makes them an ideal investment option for home or vacation home buyers or those buyers looking for a future retirement home.

Purchasing a foreclosed property in Naples has multiple advantages for prospective buyers. Buyers can now find a property in one of the best residential hot spots in the country at a moderate price (prices sometimes as low as 2001 or 2002).  Listed below are some of the reasons: [Read more...]

Filed Under: Real Estate News Tagged With:

Scam

By

This morning this email was received in the email inbox:

subject Hello It’s urgent!?

Hi,

How are you today? i am sorry i did not inform you about my travel to Malaysia, It has been a very sad and bad moment for me that the condition i found myself is so bad to explain.I am stranded in Malaysia because I forgot my little bag in a taxi where my Credit card,all the money i have with me and some important documents are,i am so confussed right now that i do not know what to do or where to go.Please i need your urgent help to send some money to me so that i could be able to come back home. [Read more...]

Filed Under: Real Estate News Tagged With:

April 2010 Naples Condo Real Estate Statistics

By

The Naples condo market during the month of April showed significant improvement in a year over year comparison. The median sold price increased 9 percent, closed sales increased 76 percent, pending sales increased 76 percent, and the number of condos for sale declined 22 percent. Still a buyer’s market, but much weaker than last year.

Median Sold Price:

During the month of April 2010, the median sold price of a condo in Naples increased over the last April by 9 percent to $179000 from April 2009’s median sold price of $164900. The $179000 median sold price is the highest since December 2008. (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.

In April 20087 the median sold price was $248000. [Read more...]

Filed Under: Naples Market Update Tagged With:

Estero Real Estate Statistics – April

By

Preliminary statistics for the month of April for the Estero real estate market shows the local market is continuing is slowly recovering. The market is showing a decline in the months of inventory available for sale, pending sales increasing, and closed sales increasing. The median sold price for Estero homes decreased slightly from last April, while Estero condos were sold at a higher median sold price than last year. The buyers’ market is remains; however, it continues to erode.

ESTERO HOMES:

Homes available for sale, as of April 30 – totaled 288. Of this total 68 were potential short sales, and 6 were foreclosures. This translates to 9.3 months of inventory (normal market is between 5 and 7 months) versus last year 20.1 months and last month’s 9.9 months. This statistic most clearly reflects the higher level of sales activity of homes in the Estero area. A 12 month moving average is used to calculate the closed sales, which is divided into the currently available homes for sale.

A total of 34 homes closed in April. Last April a total of 17 homes were closed.

Pending sales for the month of April was 57 homes versus last April’s figure of 48 homes.

The median sold price for a single family home in the Estero in April was $232500 in a year over year comparison April 2009 saw the median sold price at $235800.

An indicator of future closed sales in addition to the current month’s pending sales is the total number of pending sales. The total number of pending sales includes not only the current month (57), but also an accumulation of those homes which have not yet closed from previous months. The total pending sales as of the end of April was 135 homes. Of the 135 homes, 81 were potential short sales and 15 were foreclosed homes (bank/lender owned).

ESTERO CONDOS:

Condos available for sale as of April 30 – totaled 229. Of this total 37 are potential short sale condos and 6 are foreclosures. This translates to 10.1 months of inventory versus last year’s 18.8 months and last month’s 10.4 months of inventory.

A total of 33 condos closed in April versus last April where 22 condos were sold.

Pending sales for the month of April was 38 versus last April’s figure of 31.

The median sold price for a condo in the Estero area was $150000 compared to last year’s median of $140250.

An indicator of future closed sales in addition to the current month’s pending sales is the total pending sales. In April a total of 94 condos were pending sale. Of this number, 58 were potential short sales and 8 foreclosures.

The statistics used for this post were taken from the Sunshine MLS on April 1st using data obtained for the month of April. The April data is preliminary at this time, the final statistics are generally available on the fifth business after the end of the previous month.

Other southwest Florida real estate markets have been updated for the Naples real estate market and Bonita Springs real estate market.

Filed Under: Estero Market Update Tagged With:

Bonita Springs Real Estate Statistics – May

By

Preliminary statistics for the month of April for the Bonita Springs real estate market shows the local market is continuing to recover. The market is showing a decline in the months of inventory available for sale, pending sales increasing, and closings increasing in a year over year analysis. The median sold price for Bonita Springs homes increased from last April, while Bonita Springs condos showed a reduction. The buyers’ market is remains; however, it continues to erode.

HOMES:

Homes available for sale, as of April 30 – totaled 790. Of this total 112 were potential short sales, and 29 were foreclosures. This translates to 13.6 months of inventory (normal market is between 5 and 7 months) versus last year 23.6 months and last month’s 14.4 months. This statistic most clearly reflects the higher level of sales activity of homes in the Bonita Springs area. A 12 month moving average is used to calculate the closed sales, which is divided into the currently available homes for sale.

A total of 84 homes closed in April. Last April a total of 70 homes were closed.

Pending sales for the month of April was 108 homes versus last April’s figure of 73 homes.

The median sold price for a single family home in the Bonita Springs in April was $345000 in a year over year comparison April 2009 saw the median sold price at $294950.

An indicator of future closed sales in addition to the current month’s pending sales is the total number of pending sales. The total number of pending sales includes not only the current month (108), but also an accumulation of those homes which have not yet closed from previous months. The total pending sales as of the end of April was 203 homes. Of the 203 homes, 86 were potential short sales and 91 were foreclosed homes (bank/lender owned).

CONDOS:

Condos available for sale as of April 30 – totaled 840. Of this total 67 are potential short sale condos and 18 are foreclosures. This translates to 14.5 months of inventory versus last year’s 28.6 months and the previous month’s 15.2 months of inventory.

A total of 94 condos closed in April versus last April where 66 condos were sold.

Pending sales for the month of April was 96 versus last April’s figure of 64.

The median sold price for a condo in the Bonita Springs area was $220000 compared to last year’s median of $231500.

An indicator of future closed sales in addition to the current month’s pending sales is the total pending sales. In April a total of 203 condos were pending sale. Of this number, 109 were potential short sales and 79 foreclosures.

Other southwest Florida real estate markets have been updated for the Naples real estate market and Estero real estate market.

The statistics used for this post were taken from the Sunshine MLS on April 1st using data obtained for the month of April. The April data is preliminary at this time, the final statistics are generally available on the fifth business after the end of the previous month.

Filed Under: Bonita Springs Market Update Tagged With:
« Older Posts
Copyright 2002 - 2010 Naples Florida Real Estate | Privacy Policy