November 1st – Pending sales information for the Naples real estate market. Pending sales of single family homes and condos, gives us an idea of the direction of the real estate market is going. It helps to answer questions such as: 1) What is the volume of future closed sales going to be? 2) What direction will future closed sales appear to be? and finally 3) What should a seller or buyer do?
There are 318 single family homes pending sales with average list price of $788,733. The median price is $450,000.
Pending sales often close within four to eight weeks of when the sales contract has been agreed to by both the buyer and seller.
During the month of October, 168 homes went under contract. The average list price for these homes was $759,663, while the median price was $438,950. The list prices ranged from $159,900 to $8,900,000.
The statistics were obtained from the SunshineMLS, which is provided by the Naples MLS, Bonita Springs MLS, Estero MLS and Fort Myers MLS. Marco Island is not included nor are manufactured or mobile homes.
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