charts and statistics: Slightly Stirred, Not Shaken, Even As Mother Nature Threatened Through the Week We Were Left Virtually Unaffected by this Months Activity
- 08/26/11 03:27 AM
Each time these numbers are compiled and put into a chart like this I expect to see some anomaly which requires a little more analysis. This month left no such mark on our statistics and are very consistent with the previous months numbers. One funny thing of note is that each category has shrunk slightly even if it is only a point or a couple of points. Total available properties decreased slightly by 32 homes overall. Here is last months chart which shows how slight the variations actually are. Another great sign considering the time of year. Inventory is continually showing some shrinkage … (6 comments)
charts and statistics: Basic Supply & Demand with a Little Bit of Months Supply of Inventory Thrown In - Naples, Florida
- 08/20/11 07:44 AM
Seeing the supply side being diminished like this is a long awaited event. There's not even a concern how it's being accomplished either. Terminated and withdrawn listings are factored in along with expired and sold too. Weeding out over priced listings and homes in poor condition is a healthy thing for the market wherever you live. Realistically this does not mean you are going to start flipping again as easily as it was but know that there are some bargains here. I recommend a Buy & Hold strategy for the long haul of at least 5 years.
Please don't fret about … (10 comments)
charts and statistics: Median Price of For Sale vs. Sold Properties in Naples, Florida
- 08/19/11 02:06 AM
This Chart and supporting data are based on activity within all residential property types except co-op, timeshare and mobile units. The asking prices are still marching higher while the accepted offers are telling the real story. Sometimes you just have to try to get that extra buck, however this clearly shows you are simply wasting your time. The statistics which Associates provide to their Sellers substantiate where a realistic offer should be. Knowing that, it appears we'll shoot for the moon regardless. It was not expected that we see the highest differential occur this past month but it is a telltale. … (3 comments)
charts and statistics: How Deep Are The Banks Entrenched in Your Market - A Quick Look What They Are Into Here in Naples, Florida
- 08/18/11 01:21 AM
There is a surprising amount of REO activity here and it seems to be kept under a systematic control of sorts. These properties will always affect the overall market in a negative way. They will be difficult to eliminate but we do seem to be keeping them at bay. This will be a constant endeavor for some time to come and as long as an onslaught does not appear over the horizon we shall continue to fare well. The shaded portion at the bottom of each column represents the "Bank" portion with the corresponding percentages shown at the top of each column. This … (2 comments)
charts and statistics: Median Pricing of For Sale and Sold Single Family Property in Naples, Florida
- 07/13/11 04:58 PM
The wide disparity of perceived values between Buyers and Sellers is expected to continue. What driving force is at work to cause this differential? Sellers wanting more, Buyers expecting more for less or could it be Agents trying to stay afloat taking listings at more than the realistic value. This unhealthy environment is a stumbling block which continues to keep the Market in a state of Flux.
Real Estate Triage might look something like this when applied properly. Those who are likely to Sell, regardless of who markets their property; Those who are NOT likely to Sell, regardless of who markets their … (2 comments)
charts and statistics: ♫ Are We There Yet! ♪ Are We There Yet! It all Depends on What You're Looking For!
- 06/21/11 09:45 AM
Uh Oh, it's Summer time and you know what that means? ROAD TRIP! Hopefully without that annoying song being sung in the background. Look here as a compliment to my prior post about our pricing in Naples. Granted that a few high end sales can affect the market in a huge way know that that segment has remained fairly consistent and has not skewed our overall database too much. Measuring the spike to $195K at the 2nd quarter of '10 it's almost assuredly caused by sales of $14,000,000, $18,000,000 and another at or near $24,000,000. Although not uncommon, with this happening in one month … (7 comments)
charts and statistics: Historically When You Mentioned Naples Real Estate Many Would Believe It Simply Remained Out of Their Reach, THINK AGAIN!
- 06/21/11 08:23 AM
If you've avoided Naples Florida because you thought it was too darned expensive to live here. You were probably right. I suggest that it's time to re-think that idea. Our #1 ranking as the Golf Capital of the United States has been lost, we're at #2 now, depending on who's source you read. That may have something to do with it? Then you have the beach, we've been knocked around there too and have been ousted from several U.S. lists since 2006. Please, venture to Clearwater then come to Naples and compare. I think you'll find we're still in the hunt, and then … (7 comments)
charts and statistics: Naples Florida Sales by Type - Hovering with a Slight Loss of Altitude, a Seasonal Thing but Under Control
- 06/21/11 05:39 AM
Naples Real Estate activity by type is much better than most markets. Being such a high concentration of a second home destination for many this bodes well for the most part. The natural progression to lessening Short Sales and increasing Foreclosures, however slight, is not too welcome though. Here's last months percentages for reference. As with all statistics we'll need to mete out another criteria to complete this analysis.
Know that this is an overall perspective for all property types in the Naples area and that a variety … (2 comments)
It's difficult to say whether this is good information or bad. By showing an annualized chart the reference should be a relatively good indicator of our market activity without adding seasonal effect. When compared Nationally we seem to be faring pretty well. This will become a monthly post and quick reference.
We'll have about two more months of … (10 comments)
charts and statistics: Ask And Ye Shall Receive, Keep Asking And Ye May Receive, Don't Ask And Surely Ye Shant Receive
- 05/13/11 09:53 AM
The Nerve of these Sellers to continue asking such high prices! July of 2010, now that was a month, the difference was only $84,500 then. Buyers and Sellers came to terms it seems at that juncture. Now comes April and what do we see, the largest gap year over year by far. My mistake, it was at $157,400 then and January topped out at $157,750. What's going on?
In order to see a clearer picture of our market a reversion to Economics 101 is always the quickest route. Good old supply and demand. With a shrinking Inventory and a fairly stable sales pace … (9 comments)
charts and statistics: Guess What Happened Here? Some Local Neighborhood Stats in Naples, Florida.
- 06/05/10 07:22 AM
Please take a quick look at this chart and see if you can determine what happened. It should glare at you like a "sore" thumb. It isn't a bad thing either it's simply that the events occurred all relatively within the same time period. This information is comprised from two neighborhoods within the City limits known as Aqualane Shores and Port Royal. Unfortunately these were not my transactions.
Yes, you are seeing the correct information. That's a median sold price of $13,000,000. Now , it's not so unusual to have several homes available at $20M + but it is unusual to see them sell … (2 comments)
charts and statistics: Watch for Anomalies When Viewing Median Price
- 04/27/10 07:12 AM
Here is another area where a few anomalies added to the statistics give a more favorable picture of what's happening rather than the actuality of the market. The top 5 sales during Q1 2010 averaged $12.6M with the highest being $22M. Taking into consideration if those 5 closings had not occurred the median price for Q1 would have only barely exceeded $165,000 instead of the $230,000 shown here. There were 55 single family home sales exceeding $2,000,000 which proves the higher end homes are moving fairly briskly also. The Condo market which is not included in these stats had only … (5 comments)
charts and statistics: Are Your "Short Sale" number of Units Under Contract skewing your Market Statistics?
- 04/27/10 05:34 AM
I find that there is no longer a rationale to include this information in my typical reporting and especially the supporting data. The number will not be on the downturn for any length of time in the near or far future for that matter. What this represents to me is the glut of homes which remain active but are pending short sales which may have been under contract as long as 26 months ago and remain here statistically messing with our numbers. I'm am not saying to ignore them only that their existence tends to undermine current market assessments. To alleviate some … (2 comments)
charts and statistics: Supply & Demand in Collier County, Florida - A Basic Overview
- 04/27/10 05:09 AM
I really enjoyed seeing some convergence of the past few quarters and would love to see the activity we experienced last summer occur again this year. With the tax credits disappearing I'm not sure how the next quarter will be influenced as a whole. I'm hoping it's not representative of it's synonym "hole", although anything is possible. All of this historic information is great to show where we've been but not necessarily a true indicator of where we're going. Our market remains malleable from many outside influences and has improved dramatically from the perspective of number of units sold but there's … (0 comments)
charts and statistics: Supply & Demand Year Over Year in Naples, Florida - A Basic Overview
- 03/19/10 03:01 AM
This graph and it's related information is representative of the direction our market has been moving in Southwest Florida. The statistics here are based on all Single Family homes along with Condominium and Townhome residences included throughout th Naples area. The median price has fallen somewhat here although not as drastically as some of the other Real Estate markets within the the state.
Supporting data below, which is accurate and has not been weighted to show seasonal adjustments if any.
Note that our median sale prices have fluctuated through the past year with a low of $165,000 in March of '09 and a high … (0 comments)
Each time these numbers are compiled and put into a chart like this I expect to see some anomaly which requires a little more analysis. This month left no such mark on our statistics and are very consistent with the previous months numbers. One funny thing of note is that each category has shrunk slightly even if it is only a point or a couple of points. Total available properties decreased slightly by 32 homes overall. Here is last months chart which shows how slight the variations actually are. Another great sign considering the time of year. Inventory is continually showing some shrinkage … (6 comments)
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