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Pricing and Pending Trends in Naples, Florida

By
Real Estate Agent with Florida Supreme Realty SL514814

We're more than inching along in Naples real estate recovery.  You could venture to say it's time to hop on the bus and grab a piece of our movement.  There are many areas of the country showing improvement or at least holding their own.  I believe we're leaping ahead at this point relatively speaking.      

Statistics Chart

 

 

 

 

 

 

 

 

 

 

 

                                                                                                                                                                         Displaying these two graphs shows that not only are our pending sales on the rise but the pricing which we've seen is almost $35,000 higher than the average median of the past 4 years, exceeding all since September of 2008.

Statistics Chart

Both charts yield a promising outlook on the real estate recovery here.  If you've read some previous market reports I've posted I usually mention our seasonality which is clearly demonstrated in both charts.  Prices have certainly exceeded the average of $190,138 during this span and now stand at $225,000.  I don't expect it to remain at that level due to our normal summer slowdown however the year over year figures are expected to remain very much above in the black.  With that reality in place it's a fair indicator that you need to rethink Naples real estate soon.

Please remember that this report is geared toward the overall Naples market and is not representative of your specific neighborhood.  The activity can be quite different from what is identified here.  If you need specific information about what's happening in your community contact me or your agent for more information.

 
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Comments (5)

Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

It's nice to see the prices go up in Naples FL and all around the country!  Has to be the low interest rates sparking the buyer's interest!

Jun 23, 2012 09:11 AM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Kevin, like to see those bars on the upswing which they are....as Renee says why is anyone sitting on the sidelines now instead of buying in Naples FL!

Jun 23, 2012 10:37 AM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Renee, I love that, high interest sparked by low interest!

Ginny, there's still reason for many to be skeptical but I am in buying mode and always looking. 

 

Jun 24, 2012 04:15 AM
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Kevin, We seem to be seeing the market here in Brevard County moving forward at a steady pace.  Hooray, we love it!

 

Jun 29, 2012 05:02 AM
Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

Sandy, I liked the look of your MR too.  There are many across the country that need improvement though.  Tortoise or Hare we'll take it as long as we're moving forward.

Jun 29, 2012 06:24 AM