March 2010
STRONG START IN 2010
Report Shows Strong Condo Sales
NAPLES, Fla.-February 12, 2010- January home sales have increased 51 percent compared to a year ago, 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).
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 for properties under $300,000 increased 81 percent with 718 contracts in January 2010 compared to 396 contracts in January 2009.
• Single-family pending sales increased 61 percent with 511 contracts in January 2010 compared to 317 contracts in January 2009.
• Overall condo sales increased 91 percent with 288 sales in January 2010 compared to 151 sales in January 2009.
• The overall median closed price showed no price change in January 2010 and remained at $180,000 compared to January 2009.
• Excluding the $300,000 and under segment, comprising a majority of foreclosure related property sales, the overall median price for the market declined only 4 percent from $552,000 in January 2009 to $530,000 in January 2010. The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case prices at which homes were actually sold.
Please contact a member of our team to learn how to view the entire report.
Warm Regards,
Carl & Peggy
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