So how is our market feeling?
It seems the temperature has risen just a bit. We are in no way near feverish but there are some eyebrows raised, a few thoughts about where this is going. I continue to receive calls from folks who tell me they are thinking prices are right and real estate is where they want to put there money! Here are the highlights of the latest Naples Area Market Stats...
CLOSED
- Closed units are up this September 40% over last
- Year To Date closed units up 16% over the same period in 2007 (YTD).
- Closed Units under $250,000 are up 109% over September 2007 ( YTD).
- Sales under $500,000 ( YTD ) denote 72 % of all closed sales. This is the only price section that shows an increase over 2007
Pending Sales
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Pended sales continue to rise in many areas
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over $2 million for September is where it was last September ( but behind for the year) 337 YTD $2m+ September 2007 vs. 244 YTD $2m+ September 2008.
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The $1million dollar price range for September 2008 showed more activity by two sales then last September.
New Listings
This report represents the combined Naples, Bonita Springs, Estero market. Disclaimer: All information from Sunshine MLS. Accuracy is deemed correct but not warranted
For a more complete report or information your specific area remember you can find me here for all your real estate needs At Home By the Gulf.....
Copyright © 2008 By Shannon Gilmore All Rights Reserved. * Naples Area September Market Report 10/06/08
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