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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Naples Condos for Sale – March

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]
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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

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Naples Real Estate Market

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.

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Bear at Naples Zoo

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By: Naples real estate

Bear at Naples Zoo
Originally uploaded by naplesrealestate

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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