SALES UP 87 PERCENT

Report Shows Inventory Declines 13 Percent

NAPLES, Fla.-September 11, 2009-Buyer conditions couldn’t be better in the Naples area as August culminated in strong sales, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).
Overall pending sales, which are a key indicator of buyer activity, increased 87 percent with 862 contracts in August 2009 compared to 461 contracts in August 2008.
The report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. The statistics are presented in chart format, along with the following analysis:
• Overall closed sales saw a 38 percent increase with 545 sales in August 2009 compared to 395 sales in August 2008.
• Single-family pending sales increased 86 percent with 483 contracts in August 2009 compared to 260 contracts in August 2008.
• Single-family pending sales for properties less than $300,000 saw a 106 percent increase with 344 contracts in August 2009 compared to 167 contracts in August 2008.
• The available inventory decreased 13 percent to 9,163 in August 2009 compared to 10,532 in August 2008.

Contact us to receive a copy of the complete report or visit the following web address:

http://www.naplesarea.com/news_2009-09.asp