Buyers hunting for homes in the Naples Real Estate Market this season won’t find as many choices.
The housing inventory has hit a five-year low, according a report released Friday by the Naples Area Board of Realtors. NABOR’s reports track inventory and Realtor-assisted sales made through its multiple listing service, or MLS, in Collier County, excluding Marco Island.
There are now 7,581 Naples Homes and Naples Condos on the market. That’s down by 1,564, or 17 percent, from a year ago, when there were 9,145.
Nationally, home sales in December reached their highest pace in nearly a year. The gain coincided with other signs that the troubled housing market improved at the end of last year.
Local Realtors thought they might see a jump in listings in December, ahead of the busiest months of season. But that didn’t happen.
One of the biggest surprises in 2011 was the jump in Naples Million Dollar sales. In the over $2 million market, sales rose 12 percent over the previous year. There were 223 closed sales, up from 199 in 2010.
Meanwhile, the market saw 370 sales in the $1 million to $2 million market in 2011, up 9 percent from 338 in 2010. Sales in the market rose 38 percent in the fourth quarter of last year, traditionally a slower time for area Realtors. “That’s where the buyers are. These people are still out there looking and they have big checkbooks,” Barker said.
Some More Great News!!!The real estate industry in Collier County has shown signs of stabilizing in the last year, 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 July report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary. Overall pending sales for the 12 months ending July 2011 increased 3 percent with 10,030 contracts compared with 9,785 contracts for the 12 months ending July 2010. The median closed price for properties over $300,000 increased 2 percent to $550,000 for the 12 months ending July 2011 compared with $540,000 for the same period ending July 2010. According to Brenda Fioretti, NABOR president and managing broker of Prudential Florida Realty, “Inventory continues to drop at a rate of 19 percent for this period and we currently have less than nine months of inventory, which is the lowest we have seen since tracking the available inventory in April 2007.”
iki bar and are only steps from the beach. The Grande Preserve owners enjoy a private beach club, concierge service and private elevators open to your spacious unit that includes breath taking views. With only 15 Developer units remaining including the private beach club memberships, the sales team anticipates being sold out by the end of the year.
16/05/11 14:22
Hopeful to be an annual event the “Celebrity Bartender” Happy Hour to benefit the American Cancer Society was a tremendous success! Each building entered into some friendly competition to see who could raise the most money. Everyone certainly was up for the task with the total amount to be announced on April 18th. The commitment and hard work certainly showcased what an incredible community we have at the Dunes. Be on hand when the Dunes presents the “Big” check to The American Cancer Society! Each building’s totals are posted at the Tiki Bar, but we know the big winner is The American Cancer Society!
