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SALES CONTINUE TO SURGE
Posted by Naples International Group on Thursday, January 7th, 2010 at 6:52pm.The Fall sales Market Data Report showed a surge in sales from the same period one year ago that is continuing as we begin to get into 'high season'.
Overall pending sales showed an increase of over 100% again compared to the same period last year. Leading the way, as it has for many months was the $300,00 and under segment of the market. Yet from $300,000 to $500,000 sales increased by 150%. The available inventory showed a decrease of 14% and moved under the 10,000 level, something not seen in several years.
The market is driven by savy buyers moving back in, as well as the fact that the sellers realize that the only way that their properties will sell is if they aggresively price them at or below current market values.
To see the current Market Data Report compiled by the Naples Area Board of Realtos, either go to the home page on our website at www.previewnaples.com where you cvan download it or click here...Market Data Report.
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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