Homes for Sale in Naples Florida
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...]
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.
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...]
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.
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...]
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...]
The number of Lis Pendens (the formal notice that starts the foreclosure process) has steadily been declining in the Collier County and Naples area.
In October 2008 was the peak of filings with a total of 946 filings.
The graph shows the number of filings occurring on a monthly basis according to the Collier County Clerk of Courts office. The trend line shows the right leg of a normal bell curve which represents a downward trend in the number of foreclosure actions being filed. [Read more...]
The months of inventory represents the number of months to sell the existing listings on the market based upon the average monthly sold properties for the immediate past 12 months for the local, state, or national real estate market. The statistic will vary from real estate market, as previously defined. A local real estate market for example would be the Naples area or Bonita Springs area. A state real estate market for example would be Florida. The national real estate market obviously is for the entire country. A prospective buyer or seller should be aware of the differences between the real estate markets, as the statistic varies.
If you have ever heard the terms buyer’s market or seller’s market the months of inventory this is the statistic assists in determining what type of market it is. [Read more...]
Is a lawsuit from your lender in the future a possibility after your short sale or foreclosure? Homeowners may find themselves in the possible tidal wave of lawsuits from lenders or mortgage holders against homeowners in the future as a way to recover losses when sales of homes involve a short sale or foreclosure when not enough money to pay the mortgage(s) in full, according to legal and real estate analysts.
“It will be a dramatic problem because the borrowers will not know it’s coming,” according to Frank Alexander, a law professor at Emory University in Atlanta, Georgia. [Read more...]
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...]
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...]
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...]