September 2009
SUMMER BUYERS BUYING BARGAINS
Report Shows Strong Pending Sales
NAPLES, Fla.-August 14, 2009- Summer home sales are off to a great start, 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).
Statistics compiled by NABOR show overall home sales have increased 67 percent and inventory has decreased 12 percent in July 2009 compared to July 2008, a positive sign that the “buy now” message is being heard.
Pending sales for properties under $300,000 saw a 165 percent increase, with 682 pending sales in July 2009 compared to 257 in July 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, pending sales saw a 121 percent increase with 924 in July 2009 compared to 419 in July 2008.
• Single-family pending sales increased 117 percent with 543 in July 2009 compared to 250 in July 2008.
• Condo sales increased 61 percent with 283 in July 2009 compared to 176 in July 2008.
• The average days on the market decreased 13 percent to 166 compared to 191 in July 2008.
Contact us to receive a copy of the complete report or visit the following web address:
http://www.naplesarea.com/news_2009-08.asp
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