The Condos for sale in Naples, Florida 2nd quarter real estate report released by The Naples Area Board of Realtors (NABOR) provided some very encouraging statistics. All of the numbers are based on listings of Naples Real Estate in the local Multiple Listing Service throughout Collier County except Marco Island, and are compiled on a monthly, quarterly and yearly basis by NABOR.
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The best news of the Condos for sale in Naples, Florida 2nd quarter real estate report was that the median price (the price where half the sales are above and half below) jumped 14.8% in 2012 over the same time period in 2011. Making these figures even more significant is that all five of the NABOR geographic areas of Naples (Naples Beach, North Naples, Central Naples, South Naples and East Naples) plus Immokalee registered improvement in condo median price in the quarter.
Another positive sign for the Naples condo market is the fact that closed sales during the quarter also recorded an increase compared to the same time frame of the previous year. Geographically, the Naples Beach area (roughly from Port Royal and Gordon Pass on the south to Vanderbilt Beach, Pelican Marsh and Bluebill/111th Ave. N/Immokalee Rd. on the north, and from the Gulf of Mexico eastward to Goodlette-Frank Road) was the biggest winner compiling an improvement in excess of 16.5%, while representing over 28% of all the quarter condo sales.
Another impressive number from the NABOR Condos for sale in Naples, Florida 2nd quarter real estate report is the reduction in inventory, or the number of units presently on the market. At the end of the quarter there were more than 11.5% fewer condos listed for sale than there were at the same time last year. North Naples and Naples Beach led the way in this statistic, registering declines of nearly 19% and 16% respectively, with only South Naples bucking the trend and showing a 1% quarterly inventory increase.
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