June, 2010
MEDIAN PRICE INCREASES FOR SECOND CONSECUTIVE MONTH
Report Shows Increase in Pending Sales
NAPLES, Fla.-May 14, 2010- The Naples area market is seeing positive signs such as soaring sales and median closed price increases 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 overall median closed price increased 22 percent from $170,000 in April 2009 to $208,000 in April 2010. This is the second consecutive month that the median closed price has increased. For properties over $300,000, the median price increased 3 percent from $534,000 in April 2009 to $550,000 in April 2010.
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 home sales increased 46 percent to 914 sales in April 2010 compared to 626 sales in April 2009. Properties under $300,000 saw a 25 percent increase in pending sales with 882 contracts in April 2010 compared to 706 contracts in April 2009.
• Single-family pending sales saw a 27 percent increase with 691 contracts in April 2010 compared to 544 contracts in April 2009.
• Condo sales saw a 69 percent increase with 507 sales in April 2010 compared to 300 sales in April 2009.
• The available inventory decreased 13 percent to 9,239 in April 2010 compared to 10,574 in the same month last year.
To view the report, go to www.Naplesarea.com
As always, if you have any questions or if we can be of any assistance with your real estate needs please don’t hesitate to contact us.
Warm regards,
Carl & Peggy
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