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Naples Market Statistics Trend Towards Traditional

By
Home Builder with WCI Communities

The Naples area real estate market has had an outstanding year for sales.  Year to date mutiple listing pended sales and closings through August are at highest numbers since 2005.  The over $1,000,000 year to date is up 33% from the same period in 2009.  Inventory continues to decline, as it has since March 2008 and new listings year-to-date are the lowest since summer 2005. 

While these figures are encouraging and a strong indicator of the Naples market rebounding, we should also note that the average sales price is down.  Strongest activity continues to below $300,000, up almost 30% year to date over 2009.  For those that have been following our market here in the Naples area you will remember, real estate below $300,000 was non-existent in the height of the hottest real estate market. While many of the current buyers are investors, sale are predominantly to first time purchasers and second home end users, another strong sign that buyers are jumping off the fence.  

All appearances indicate that we are in a more traditional Naples real estate market with summer activity low and seasonal activity strong.  This leveling of the Naples real estate market may just be a barometer of our country climbing out of the dismal past number of years. 

 

 

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