In the Naples area, the average number of single-family homes sales continues to rise steadily. The chart below shows the closed sales data by month over the past two years ending May 31, 2009.
The pending home sales, a leading market indicator, continues at a break-neck pace which would indicate that the June closed sales should be at least as good as May.
Prices have stabilized... Attractive pricing is clearly what is driving the sales numbers and the average price data, again computed over a two year time window, indicates that prices have been flat, unchanged for the past seven months. The demand for southwest Florida has always been high now that prices are more affordable to more buyers we are selling.
The Bonita Springs - Estero market appears to be following the traditional seasonal sales volume cycle but at an increasingly higher volume per month.
The average prices for Bonita-Estero are a littler harder to pin down due to the smaller numbers, in general, for sales volume - units per month. The average monthly sales price is a bit of a saw-tooth line but somewhat stabile over the five months.
The complete May 2009 Market Watch Report is available on my website for Naples and Bonita-Estero along with the detailed data trand charts.
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