Homes for Sale in Naples Florida
Today, I was very surprised to find this blog to ranked in the Top 100 Real Estate Blogs as per Top 100 Real Estate Blogs.
The ranking is determined by Google Page Rank, Technorati Rank, and Alexa rankings.
The blog is entitled Naples Real Estate News and Market Updates and does cover the communities of Bonita Springs and Estero as well.
Thank you – Top 100 Real Estate Blogs.
New Listings:
A total of 101 Estero homes were listed in November 2007. When compared to November 2006, the number of homes listed was 76 – an increase of 25 or 33%. In November 2005, 92 Estero homes were listed – an increase of 9 or about 10%. The increase between 2007 and 2006 can largely be attributed to the volume of homes coming on the market in the Bella Terra neighborhood of Estero, which were built in 2006 and 2007.
Median Price Paid:
In the month of November the median price paid for a home in the Estero area was $377,500. In November 2006, the median price paid a home in Estero was $389,750 or a reduction in the median price of 3%. Looking at November 2005, the median price paid was $519,000 – the reduction in the median price is 27%. Significantly priced homes were sold in Grandezza, Wildcat Run, and Bella Terra during 2005.
Closed Sales:
The closed sales for homes in Estero during November were 21. In November 2006, the number of closed was 18 and 22 in November 2005; the respective changes are an increase of 2% and a reduction of 4%. The increase in the number of closings over 2006, it a good sign considering how the financing programs have become more restrictive. The volumes have remained fairly stable over the three years – this might reflective of the demand for homes in the Estero area. In addition, this is a positive sign considering the recent contraction of financing.
Pending Sales:
The volume of pending sales came in at 21 contracts. The 21, is an increase of about 17% from 2006’s 18, but 4% below 2005’s 22 pending sales. Looking at the pending sales volumes for the three years is rather interesting, since pending sales appear to be stable in the Estero area. As with the closed sales volumes, there could a positive signal due to the reduction of “liberal” loan programs and more restrictive underwriting guidelines.
Currently, there are about 530 homes available for sale in the Estero area, representing about 31 months of inventory – this is provides buyers with an excellent selection in a very strong buyers market. Estero should be strongly considered by prospective buyers of single family homes.
During the month of October 2006, 12 Estero FL homes were closed. The homes had an average price of $491,925 and the median price was $414,050.
In October 2005, 14 homes were sold. The average price of these homes was $414,957 and a median price of $393,750.
The average days on market in October 2006 was 136 days versus October 2005’s 35 days.
The volume of transactions remained the relatively the same between 2006 and 2005.
Clearly the average price increased, due to 3 homes being sold in excess of $700,000. In 2005, the most expensive sold for $649,900.
The median price paid increased due the more expensive homes being sold. It can also be seen through the price range – October 2006 – $230,000 to $860,000. The price range in October 2005 was $249,000 to $649,900.
The increase in the average days on market was seen in all price ranges in the Estero area.
If you are thinking about buying or selling, please think of me as your Estero FL REALTOR.
During the month of October a total of 21 homes had an agreed upon sales contract in the Estero real estate market. The list prices of the homes ranged from $250,000 to $941,975. The average price was $483,827, while the median price was $399,000.
The total number of Estero homes pending sales as of November 1st is 38 homes with an average price of $505,720 and a median price of $453,810. The list prices of the pending sales homes range from $238,000 to $1,169,000.
The condo segment of the Estero real estate market for the month of October saw 4 condos move from the available status to the pending sales category. The condos ranged in price from $199,900 to $415,900. The average price was $330,950 and a median price of $342,450.
The total number of Estero condos pending sale is 9 units – priced from $199,900 to $450,000. The average price is $314,744 and the median price of $269,000.
Estero an up and coming community within the greater Ft. Myers area of Lee County showed a drop in the number of the single family homes according to Estero real estate statistics from the SunshineMLS system.
In September 2006, there were a total of 13 homes closed. The price range for these homes were $252,500 to $900,000. The average price paid for a single family home was $447,073. This was down from the 27 homes sold in September 2005.
The drop is consistent with the sales drop of single family homes in the southwest Florida areas of Naples and Bonita Springs.
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