Summary – The Naples real estate market shows the number of pending sales in February for both homes and condos reached a 48 month high. The volume of new listings was lower than the previous four Februarys. With the closing period (defined as the period of time between offer acceptance and closing) of 30 to 60 days, the activity of pending sales and new listings bears watching as to how prices will be affected. Continue reading
Two of the most commonly asked questions and comments we receive “Is this a good Naples neighborhood?” and “I’m looking for a great deal.”
The answer to the question and comment is a combination of your list of wants and needs and the facts we have about a neighborhood. Continue reading
The Naples real estate market for the month of March is continuing to show strengthening. The buyer’s market continues, however, it weakening especially since last year.
Homes available for sale, as of March 31 – totaled 3784. Of this total 659 were potential short sales, and 136 were foreclosures. This translates to 10.8 months of inventory (normal market is between 5 and 7 months) versus last year 21.1 months. This statistic most clearer reflects the higher level of sales activity of homes in the Naples area.
A total of 366 homes closed in March. Last March a total of 318 homes were closed. Continue reading
The condos for sale in Naples continue to show signs of improvement. While still a buyer’s market, the condos available for sale are declining as well as the months of inventory declining.
The month of February started with 4114 condos available for sale in the Naples area. In a year over year comparison it is a decline of 1028 from last February’s 5142. This represents a decline of about 20 percent.
The graph below shows the comparison between the years of 2008 thru 2010.
The months of inventory, a measure of judging current demand for condominium housing, Continue reading
The homes for sale in Naples continue to show signs of improvement. While still a buyer’s market, the homes available for sale are declining as well as the months of inventory declining.
The month of February started with 3814 homes available for sale in the Naples area. In a year over year comparison it is a decline of 1538 from last February’s 5352. Continue reading
The Naples condos market is not as strong a buyer’s market as last year both the number of condos listed for sale and months of inventory is lower than last year. With the reduction of condos for sale and the lower months of inventory, it still remains a strong buyers’ market.
As of the first of January there were a total of 3988 condos for sale. At the start of January 2009 a total of 4939 condos were listed for sale. This represents a reduction of 951 condos or roughly 19 percent. Continue reading
The real estate market in Naples for single family homes is not as strong a buyer’s market as last year both the number of homes listed for sale and months of inventory is lower than last year. Buyers and sellers need to monitor the months of inventory to determine how favorable or not favorable the market is for them.
As of the first of January there were a total of 3,630 homes for sale. At the start of January 2009 a total of 5,296 homes were listed for sale. This represents a reduction of 1,666 homes or roughly 32 percent. Continue reading
Naples Florida homes for sale at the beginning of October was 3698 last year. There were 5244 homes for sale in September. This represents a reduction in the total number of homes for sale by 1546 or about 30 percent,. During the month of August. There were a total of 3777 homes for sale. The 3698 available homes for sale represents a decrease of approximately 2%.
The graph below shows shows the active number of listings for the period January 2008 to September 2009.
The composition by type of listing is shown below in the pie chart.
The breakdown by type for the above:
Traditional - 2814
Potential short sales - 760.
Foreclosed - 124.
The breakdown by type of potential real estate transaction for August is shown below in the pie chart.
The breakdown by type for the above:
Potential short sales 773.
A factor, which supports an improvement in the Naples real estate market for single-family homes is the months of inventory. The current months of inventory is slightly below 12 months whereas in August. The months of inventory was likely above 12 months last year the number of months was 27. This represents a reduction in excess of 50 percent.
The line graph below reflects the months of inventory over the period of January 2008 two September 2009.
During the one of October historically, there is a sick depth against increase in the number of new listings that come on the market. The question is will wield the number of active listings as well as the months of inventory available for sale. Continue to show declines.