Saturday, December 05, 2009

Naples Condos Market Report

The Naples condominium real estate continues to show improvement.

The year over year analysis shows:

  • Last November 705 condos were listed for sale. During November of this year 615 condos were listed for sale. The reduction is 90 less condos coming on the market.
  • In November 2007 a total of 93 condos were sold. This year in November 214 condos were sold - an increase of 121 units! A percentage increase of an outstanding 130 percent.
  • The pending sales increased from last November's 144 to 392 pending sales in November 2009. This represents an increase 172 percent!
  • This November the median sold price declined from last year's $195,000 to $155,000. The decline was about 21 percent.

November 2009 ended with 4115 Naples condos for sale versus last year's 5,079. These figures represent 17.9 and 30.1, respectively, months of inventory to be sold

Sphere: Related Content

1 comment:

Real estate Philippines said...

I can see that you are putting a lot of time and effort into your blog and detailed articles! I am deeply in love with every single piece of information you post here. Will be back often to read more updates!

Deirdre G