Thursday, May 13, 2010

Shrinking Inventory of Naples Condos

The Naples condos available for sale has seen dramatic reductions in the number of units since January 2008.

The graph below depicts the reduction from January 2008 to April 2010 on a month to month basis.

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Median Sold Prices for Naples Condos

Below is a graphical presentation of the median sold prices for Naples condos from January 2008 to April 2010.

The median sold price has been increasing for the 4 months of 2010. The prices were stable during 2009.

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April 2010 Naples Condo Real Estate Statistics

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 [read more]
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