Naples Florida Real Estate Market Report July 2012

By
Real Estate Sales Representative with Downing-Frye Realty, Inc.

 

 AUGUST 2013

STEVE SCHOEPFER, REALTOR®

Newsletter

STRONG SALES CONTINUE

DOWNING-FRYE’S JULY PENDING SALES UP SIGNIFICANTLY

“The torrid sales pace has continued into July,” said Mike Hughes, Vice President and General Manager of Downing-Frye Realty, “and we are on pace for our best July in eight years. Looking at past July pending sales, it is amazing how far we have come.

“Pending sales for July in previous years are as follows: July 2006 – 73 pending sales; July 2007 – 93 pending sales; July 2008 – 121 pending sales; July 2009 – 204 pending sales; July 2010 – 174 pending sales; July 2011 – 213 pending sales; July 2012 – 274 pending sales; and for the first 23 days of July 2013, we have had an astounding 223 pending sales.

“As you can see, even though we had a very strong July 2012 for pending sales, we are up 29 percent over last July’s pending sales for the first 23 days of the month.”

STEVE SCHOEPFER

REALTOR©, ABR, GRI

Mobile: 239-564-3877

Toll-free: 888-708-2100

Email: steve@gulfaccess.net

www.SWFLgolf.com

www.NaplesForeclosureBroker.com

NAPLES MARKET SURGING AHEAD

Second quarter 2013 pending sales increased by 11 percent and closed sales increased by 6 percent compared to 2012’s second quarter.

For the 12-month period ending June 2013:

• The overall median closed price increased 18 per­cent from $190,000 to $225,000.

• Overall pending sales increased 7 percent from 10,184 units to 10,908 units.

• The average Days on the Market (DOM) de­creased 8 percent overall from 177 days in June 2012 to 163 days in June 2013.

• Inventory decreased 16 percent from 6,310 units in June 2012 to 5,282 units.

• Overall pending sales in the Naples coastal area increased 14 percent from 1,919 units to 2,193 units, and closed sales increased 11 percent, from 1,753 units to 1,948 units.

BONITA SPRINGS/ESTERO

Activity in the Bonita/Estero market for the 12-month period ending June 2013:

• Closed sales of single family homes increased by 14.7 percent from 150 units to 172 units.

• The median sales price of single family homes was $332,500, an increase of 36.4 percent.

• The active single family listing inventory is down by 25.3 percent.

• Closed sales of condominiums/townhomes in­creased by 13.6 percent from 140 units to 159 units.

• The median sales price of condominiums/town­homes was $212,000, an increase of 8.7 percent.

• The active condominiums/townhome listing in­ventory is down by 24.3 percent.

FLORIDA MARKET GAINS STRENGTH

Florida’s housing market continued to show in­creased strength in June, including more closed sales of single-family homes, more new listings, rising median prices and a reduced inventory of homes for sale.

Statewide closed sales of existing single-family homes totaled 20,403 in June, up 8.6 percent com­pared to the year-ago figure.

Statewide pending sales – contracts that are signed but not yet completed or closed – for existing sin­gle-family homes rose 23.1 percent over the previ­ous June.

The statewide median sales price for single-family existing homes in June was $175,000, up 15.1 per­cent from the previous year.

June 2013 Median Prices

SINGLE FAMILY HOMES:

National $214,900

California $428,510

Massachusetts $350,050

Maryland $284,841

New York $242,475

Florida $175,000

Bonita Springs $332,500

Naples $330,000

Comments (0)