The inventory of Naples homes for sale, continues to show a downward trend. As of the midnight July 3 or the early morning hours of August 1, there were a total of 3923 homes for sale in Naples. As of July 1 the number of homes for sale was 4104. Between the two months there was a drop of 181 homes. The difference is more pronounced in comparison with 2008 – a total of 5263. In a year over year comparison the drop equates to 1340 homes or about 26 percent reduction in the number of homes for sale.
The graph below shows the number of homes available for sale for 2008 and 2009. The downward trend is reflected in the graph – market improvement. However, the composition of the Naples homes for sale, but itself does not completely give a true picture of the real estate market for single family homes.
Naples FL homes for sale graph
The composition of homes for sale is interesting to view. It reflects an interesting view of the potential types of transactions which could evolve into future sales. As of August 1 the composition of 3923 homes for sale – 75 percent are traditional, 21 percent are potential short sale, and 4 percent are foreclosed homes. Over the past four months, although the shifts in the composition of the listings, with potential short sale homes increasing 1 percent – there could be greater facts revealed when looking at the composition of pending sales and closed sales
Composition of Naples Homes for Sale - August
The graph below shows the composition of homes for sale as of July 1. Traditional for sale homes represented 76 percent, potential short sales 21 percent and foreclosures 3 percent. The difference between August and July shows a slight shift from traditional sales to the foreclosure segment.
Composition of Naples Homes for Sale - July
The June composition of 4414 homes for sale, breaks down as follows: traditional sales – 76 percent, potential short sales 20 percent, and foreclosures 4 percent. The only difference between the July composition and June composition is the slight change between foreclosures and potential short sales.
Composition of Naples Homes for Sale - June
The composition of the May, 4756 homes for sale in Naples breaks down as follows: traditional listings 76 percent, potential short sale listings 20 percent and foreclosure listings 4 percent. Essential there is no shift between May and June.
Composition of Naples Homes for Sale - May
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Good updates
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