Quick 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.
Saturday, December 05, 2009
Naples Real Estate Market
Tuesday, September 08, 2009
Bear at Naples Zoo
By: Naples real estate
Naples Zoo created Black Bear Hammock featuring two distinct habitats: a natural habitat and a backyard habitat. Both areas feature clear viewing through 2" zoo-grade glass. It is the largest Black bear exhibit at any Association of Zoos and Aquariums accredited zoo east of the Mississippi. Courtesy of A Delta Realty of Naples.
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Saturday, July 25, 2009
Naples Foreclosure Condos
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.
Naples Foreclosure Homes
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.
Monday, October 13, 2008
Egrets Walk at Pelican Marsh
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.
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