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Naples Fl May 2009 Sales Vs. 2008

Naples Area:

Year	2008	2009	Difference
Listings	11,295	9,614	-1,681
Pending Contracts	472	717	+245
Closed Sales	420	607	+187

Inventory is declining, pending contracts and sales are increasing.

Sales continue to be lead by foreclosures and short sales. However, signs of strength are beginning to be noticed with sales other than distressed sales.

Posted by Jim Shaw Realtor Naples Florida Luxury Properties on 06/21/2009 06:52 AM

Comments (4)

Naples FL May 2009 Sales in the ActiveRain Channel

naples fl luxury real estate and listings, foreclosures, short sales, homes

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4 Comments on Naples Fl May 2009 Sales Vs. 2008

JUN

Jim it is definitely heading in the right direction. Curious as to the price declines though.

Jim,I have to agree,I am seeing more business out of our Naples contingent than last year this time....Naples is a great place to live!

Good news in your area. Ours has not seen increases in sales yet and inventory prices are still down about 20% from last year.

By my estimates the Average Sales Price in May 2009, was approximately $350,000.

In June of 2008, the Average Sales Price was approximately $600,000.

Foreclosures, short sales and the national economy are the drivers of these declining sales prices.

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