Summary – The Naples real estate market shows the number of pending sales in February for both homes and condos reached a 48 month high. The volume of new listings was lower than the previous four Februarys. With the closing period (defined as the period of time between offer acceptance and closing) of 30 to 60 days, the activity of pending sales and new listings bears watching as to how prices will be affected. [Read more...]
Naples Good Neighborhoods
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Two of the most commonly asked questions and comments we receive “Is this a good Naples neighborhood?” and “I’m looking for a great deal.”
The answer to the question and comment is a combination of your list of wants and needs and the facts we have about a neighborhood. [Read more...]
Naples Real Estate Market Statistics – April
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The Naples real estate market for the month of March is continuing to show strengthening. The buyer’s market continues, however, it weakening especially since last year.
HOMES:
Homes available for sale, as of March 31 – totaled 3784. Of this total 659 were potential short sales, and 136 were foreclosures. This translates to 10.8 months of inventory (normal market is between 5 and 7 months) versus last year 21.1 months. This statistic most clearer reflects the higher level of sales activity of homes in the Naples area.
A total of 366 homes closed in March. Last March a total of 318 homes were closed. [Read more...]
Naples Condos for Sale – February
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The condos for sale in Naples continue to show signs of improvement. While still a buyer’s market, the condos available for sale are declining as well as the months of inventory declining.
The month of February started with 4114 condos available for sale in the Naples area. In a year over year comparison it is a decline of 1028 from last February’s 5142. This represents a decline of about 20 percent.
The graph below shows the comparison between the years of 2008 thru 2010.
Naples Condos for Sale - Comparison 2008 thru 2010
The months of inventory, a measure of judging current demand for condominium housing, [Read more...]
Naples Homes for Sale – February
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The homes for sale in Naples continue to show signs of improvement. While still a buyer’s market, the homes available for sale are declining as well as the months of inventory declining.
The month of February started with 3814 homes available for sale in the Naples area. In a year over year comparison it is a decline of 1538 from last February’s 5352. [Read more...]