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NAPLES FLORIDA REAL ESTATE SALES REPORT - DECEMBER 2010

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Real Estate Agent with 239.776.5077 Downing-Frye Realty

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Posted By:  Ellie Penaranda - Naples FL Real Estate Blog

Naples Florida Real Estate Sales Report - December  2010

Media reports are usually a general look at the market across the nation.  However real estate is very localized by city and sometimes even by neighborhood.  It is more important than ever when considering the purchase or sale of a home in Naples to be informed as to market conditions, activity levels & trends.  The more information you equip yourself with, the better decision you will make when addressing your real estate needs.

Pending sales up, inventory down.  The month of December started with strong activity which was expected by professionals in the industry.  When we are talking about strong activity, we usually mean, equal or higher activity than the previous month, and or equal or higher activity than the same month a year earlier.

Inventory - currently we have 6,821 homes on the market for sale with a vast price range from $27,500 to $22,900,000.  Compared to the 12 month ending December 2009 - the inventory of homes is down by approx. 1500.

Pending Sales - 1,566 homes were under contract during December, some of which are awaiting lender approval.

Graph December 2010 sales

 

Sold625 homes closed in December 2010 compared to 473 in November 2010 and compared to 468 in October 2010.  The sales represented 300 for single family homes, 257 for condos, 60 for villas and 8 manufactured homes.

Breakdown by price range:                                        

Over $1M  -  42 (compared to 28 in Nov. 2010),  representing 7%                     

$250,000 to $999,000  -  202 (compared to 143 in Nov. 2010), representing 32% 

$250,000 or less  -  381 (compared to 302 in Nov. 2010), representing 61% (compared to 64% in Nov.)

graph for new listings

 

Average Days on the Market 

145 days for single detached and 171 days for condos with a total average of 158.  Compared to a year ago at 171.  We are proud to say that our listings have sold with an average of 118 days on the market.

Beachfront home sales also increased in December with 24 closed sales (ranging from $416,000 to $14,550,000 (compared to 17 sales in November 2010).

The highest sold home in December for $14,550,000 (listed at $22,950,000) was a beachfront estate in Port Royal overlooking the sparkling waters of the Gulf of Mexico with 9,000 sq ft of luxury living.  The sale was a cash transaction.

The Naples market is very localized and some Naples communities will vastly differ in their activity level which affects your negotiation power, so please feel free to contact us direct at 239-776-5077 we would welcome the opportunity to provide you with information on any particular community.  If you are considering the sale of your home, we would be happy to share our marketing plan.

 

 

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Comments (6)

Linda Graves Arnold
Coldwell Banker Gundaker-St. Louis, MO - Chesterfield, MO
St. Louis Real Estate Pro - 314-422-2762 - Referr

Ellie, It looks like your stats are moving in a positive direction.  If Florida can do it, so can Missouri.  Glad to see it.  Now if only our home in Ft. Myers would start increasing in value, we would be a lot happier.  I am not sure Ft. Myers is seeing the same trends as you in Naples.

Jan 13, 2011 09:50 AM
Shawna Green
Keller Williams Realty-Fayetteville - Fayetteville, NC
The key to your real estate needs!

Ellie, sounds like things are looking up in your area!  Always good news!

Jan 13, 2011 11:39 AM
Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Linda - Fort Myers Beach is doing better than Fort Myers - the new construction on the beach is going to make a big difference soon.  I am happy with the numbers, so hoping this new season will break some records.

Shawna - The activity is good, we are getting our share of buyer calls, but am short on my goal for number of listings.  Thanks for stopping by.

Jan 13, 2011 01:32 PM
1~Judi Barrett
Integrity Real Estate Services 116 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Ellie,

I love to wear hats.. in fact was doing some hat shopping tonight on the internet.  Do you wear hats often?

Jan 13, 2011 01:40 PM
Maureen Fukumoto
Help-U-Sell Realty Pro - Mililani, HI
Maureen

I like your charts, do you import them or make them yourself?

Jan 13, 2011 03:10 PM
Ellie Penaranda
239.776.5077 Downing-Frye Realty - Naples, FL
Naples Florida Real Estate - Waterfront & Beach Co

Judi - I love hats and have quite a collection - here in Florida they come in handy.

Maureen - These charts are available on our MLS.  All I have to do is dictate the trend, date range and price range if I want.  We do have some great tools on our MLS that we did not have back in VA.

Jan 13, 2011 03:30 PM