Naples Florida Real Estate Market Update
CLOSED SALES: Closed sales units in February are 11% higher than February 2008 and the highest recorded in February since 2005. Volume of closed sales year-to-date February 2009 is 39% below the same period in 2008. Higher unit sales and lower volume continue to be driven by the closing of sales on properties priced under $ 250,000. This price category comprises 63% of all closed sales through February.
PENDING SALES: Overall pending sales continued its upward trend in February, increasing 69% to February 2008.
Overall inventory is down 11% since March 2008. As reported last month, much of the inventory in the lower price range is represented by short sales and foreclosures. These will continue to impact the market over the coming months as they work their way through the system, impacting average and median sales price.
(Data released by Naples Area Board of Realtors and summarized by John R. Wood. NABOR tracks home listings and sales within Collier County - excluding Marco Island.)
To learn more about the unique lifestyle that Naples offers, scroll to the bottom of this page and
click "older entries."
For extensive information on the Naples and Bonita Springs area, visit www.4NaplesRealEstate.com
Posted by: Linda Loomis, Realtor
Naples Florida real estate agent
John R Wood Realtors, Naples Fl
Posted by Linda C. Loomis at 3/28/2009 9:47 PM 
Categories: uncategorized
Tags: Naples Florida real estate agent Naples Fl real estate agent Naples Florida real estate blog Naples Fl realtor Naples Florida realtor John R Wood Realtors Naples Florida real estate market
Categories: uncategorized
Tags: Naples Florida real estate agent Naples Fl real estate agent Naples Florida real estate blog Naples Fl realtor Naples Florida realtor John R Wood Realtors Naples Florida real estate market
Comments