Below is a graphical presentation of the median price paid for condominiums in Stonebridge Country Club in Naples, Florida for the years 2004 thru July 2014.
The north entrance to Pelican Bay on a bright sunny day in March.
Sphere: Related ContentThe 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.
Learn more about Naples Florida real estate and 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.
Learn more about Naples condos for sale.
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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The condominiums for sale in Naples continue to show signs of improvement. While still a buyer’s market, the number of condos available for sale increased slightly while the months declined from the previous month.
The month of March started with 4155 condos available for sale in the Naples area. Last March 5207 condos were for sale [read more]
Click here to learn about Naples condos for sale.
The Naples condominium real estate continues to show improvement.
The year over year analysis shows:
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 ContentQuick overview of the Naples real estate market:
1) New listings for November were 653 down from last year’s figure of 819 or roughly 20% fewer homes coming on the market.
2) Pending sales for November were 483 up from last year’s figure of 255 or roughly 89% more homes going under contract.
3) Closed sales for November were 273 up from last year’s figure of 211 or roughly 29% more homes sold.
4) Median sold price for November was $210,000 – surprisingly up from last year’s $204,000 or roughly an increase of 3%. This could be a very positive sign of the market having achieved the bottom.
5) Months of inventory as of November 30th was 11.5 months, down from last year’s 25.7 months or roughly a decrease of 55% in months of inventory to be sold.
Summary – the real estate market remains a buyer’s market with positive signs of the market improving greatly over last year, therefore, it is a weaker buyer’s market than last year.
During the month of June a total of 65 Naples foreclosure condos were sold. During the month of June a total of 290 condos were sold. The foreclosure condos represents about 23 percent of the total sales.
In the month of June a total of 662 condos were placed under awaiting closing in the Naples area. Of the 662 condos pending sale, 83 condos were foreclosures. This represents approximately 13 percent of the total condos awaiting closing - pended sales.
At the beginning of July 64 condos were active listings for sale or about 2 percent of the 4416 condos for sale.
Based upon the activity in June there is less than one month of condo inventory for sale.
Search for foreclosed condos for sale in Naples.
On July 1st there were a total of 144 Naples foreclosure homes on the market or roughly 3 percent of the total number of active listing with the Naples area.
During the month of June a total of 263 homes offers were presented to either banks, lenders, or REO companies which were accepted, thus pending sale. The number of Naples foreclosures which pended equated to approximately 26 percent of the 1126 homes which had offers accepted.
During the month of June a total of 164 foreclosed homes were sold, which represents about 43 percent of 43 percent of total of 377 homes sold.
Search for foreclosed homes for sale in Naples.
Many prospective buyers over during the past several months have been monitoring the average prices paid for residences in various subdivisions within many of Naples developments.
Below is a graph showing the quarterly average prices paid for a condo in Egrets Walk at Pelican Marsh for the past 4 years.
During the first quarter of 2006 the average price paid was the highest at $520,000.
The average price paid in the most recent quarter ending September 30, 2008 was $330,000.
The difference represents a decline in value of $190,000 or about 36.5 percent.
Below is a graphical representation of the average prices paid for condos in Arielle at Pelican Marsh over the past 4 years.
The highest average quarterly price was $493,000 during the third calendar quarter of 2005. The average price paid during the third quarter of 2008 was $306,666. A reduction of $186,334 or about 37.8 percent.
A new customer service feature has been added to Augusta at Pelican Marsh which shows calendar quarterly market trends over the past four years for median sold price, new listings, number of sold listings and pending sales.
In the first quarter of 2007 the highest median price paid was $1.5 million.
Charles Richey is a friend of mine, that I met through the Internet and had the pleasure to meet in person a few years.
Today, thru the Internet we have the opportunity to meet many people, few we actually meet in person.
Charles is an individual whenever I had a problem with any of my web sites or even this blog, he was there for me. In some cases he actually did the coding for me. He was not only this way with me, but with other people. He has been extremely active in the animal rescue in his hometown of Las Vegas.
On Tuesday, I learned from another netizen that Charles was hospitalized with Guillain-Barre Syndrome. The unfortunate thing is that he and his wife do not have any health insurance and with the present economic situation that we are all facing, he and his family will be faced with very large medical bills as he is currently in the ICU.
If you care to offer some words of encouragement or make a contribution, please visit this site.
Thank you.
March 31st represents the end of the first calendar quarter, I have started to update community and neighborhood information showing the annual median sold prices since 1998. The neighborhood updated, for no particular reason was Laguna Royale at The Vineyards. It is interesting to note that in 1998 the median sold price was $257,500 and in 2007 it was $450,000 - an annual increase over the ten years - 6.40%.
Sphere: Related ContentOver the past few days the market updates for Naples and Bonita Springs have been updated and posted on my Naples Real Estate News and Market Updates blog.
When doing the market updates, certain criteria are applied as follows:
1)they are based upon ownership - single family home (fee simple) or condominium.
2)the statistics do not include Marco Island, since I service the Naples, Bonita Springs and Estero areas of southwest Florida, nor manufactured or mobile homes.
3)the statistics are taken from the Sunshine MLS, which is a combination of the Naples MLS, Bonita Springs MLS, and Estero MLS.
Real estate has always been know as being local and it is true when you look at the analysis and market updates.
It is expected that the real estate market update for the Estero area will be posted today, sometime.
Below is a graphical presentation of the quarterly median price paid for condominium in Avalon at Pelican Bay.
You can read more about Pelican Bay and Avalon at Pelican Bay, as well as, finding historical median sold prices from 1998.
