September 2009

The Naples Area Board of Realtors (N.A.B.O.R.) recently released their monthly statistical report for the greater Naples real estate market and the future is looking much brighter.

When compared to the same period one year ago, overall pending sales increased by 87%. The pending sales are a key market indicator, with actual numbers at 862 contracts compared with 461 one year ago. Pending sales have increased by 47% during the past year.

Again comparing the same period last year, inventory fell by 13% and days on market decreased from a peak of 202 last year to 161 currentl, which demonstrates that buyers are certainly motivated.

If you are interested in viewing the entire report, it can be found on the home page of www.previewnaples.com or by clicking…

There is concern that the first-time Homebuyer's Tax Credit due to end in November might not be extended. There ia a bit of a ground swell to extend, and from our perspective, it certainly makes a great deal of success.

It is estimated that with the way the it stands now, the credit will account for some 400,000 buyers coming into the market, which has helped to stabilize the real estate market. It is reasonable to assume that an extension will only help to further stabilize the market., bringing in even more buyers.

There has been a bit of a ground swell in the past week to push for an extension and we certainly support that!

This summer has seen a surge in homes sales in Collier County and it certainly bodes well for the upcoming season as well.

The Naples Area Board of Realtors (N.A.B.O.R.) has released its statistical report for the month of August and the figures are very encouraging. Total home and condo sales rose by 40% compared to the same period last year and pending sales are up by 47%, which shows that overall consumer confidence is building. Single family home sales rose by 86%, a stunning figure, while pending sales by over 106%, again compared to the same time last year.

The under $300,000 market has to date been a driving force in the market. Short sales and bank foreclosures are accounting for much of the market and the good inventory is disappearing rapidly…

If the past month's activity on our website at www.previewnaples.com is any indication, the coming season is going to be excellent for greater Naples Real Estate!

The activity on our website with regard to people opting in for more information about communities and property has recently been dominated by Canadians. Certainly one can understand because the Canadian dollar is again almost at par with the American dollar, plus the fact that greater Naples Real Estate is at prices not seen in years. Those two facts make it just too tempting to resist, especialy for those Canadians who have been coming to Naples for years and have been renting while holding off making a purchase.

What I also find interesting is that a great majority that I have talked with…