Market Snapshot

MARKET CONTINUES TO GAIN STRENGTH

Sunday, October 18th, 2009 at 7:38pm. 146 Views, 0 Comments.

The Naples Area Board of Realtors (N.A.B.O.R.) just released their Sepember statistical report as well as the third quarter report. As we've been saying all along, it has been a strong summer selling season with buyers trying to take advantage of the large inventory and low price points. The under $300,000 price point has absolutely been on fire and overall available inventory decreased by 14% in the third quarter.

Condominium sales have been significantly stronger with pending sales up 159% in September compared with September 2008. Also for the past six straight months pending sales in the $500,000 to $1,000,000 category have increased which means that the higher end market is beginning to rebound.

The market continues to gain strength and we are expecting…

AUGUST STATISTICS BODING WELL FOR THE UPCOMING SEASON

Monday, September 28th, 2009 at 7:28am. 244 Views, 0 Comments.

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 on the…

CONSUMER CONFIDENCE RETURNING TO THE MARKET

Saturday, September 12th, 2009 at 9:55am. 194 Views, 1 Comments.

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 at…