The condominium market for the Naples real estate area at the start of September 2009 declined down to 4095 units for sale. In the year over year comparison the number of unit declined 580 or about 12 percent from the 4675 condominiums on the market in September 2008.
The September 2009 was also a decline from the August 2009 4248 condominiums on the market. The decline represents a about 3.6 percent reduction.
The graph below shows the inventory of condominiums for sale since January 2008:
Naples condos for sale - September
The composition of various types of possible real estate transactions of the September condos for sale are broken down as follows:
Traditional condos for sale – 3482
Potential short sales – 533
Foreclosed condos – 80
The pie chart below shows the breakdown in a graphical format:
Composition of Naples Condos for Sale - September
In August the breakdown of condos for sale was as follows:
Traditional sales – 3629
Potential short sale – 542
Foreclosed condos – 77
Overall the number of Naples condos for sale declined from the previous month, the composition remained the same with the largest drop in the traditional condos for sale.
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