John R. Wood, Realtors
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1st Qtr 2012 Housing Review
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Last Month's eNewsletter
Luxury Sales Up 17% & Low-end Slumps as Housing Market Improves
In April 2012, closed sales year-to-date posted a decrease from the same period in 2011. This is probably due to the slow start of the 2012 season. Closed sales for the past 12 months are approximately the same as prior year and sales above $1,000,000 remained robust. Of the 261 closings in this category, eight were at or above $5,000,000.
The number of pended sales below $250,000 is down 15% from the first four months of 2011. This segment now represents 58% of sales pended year-to-date, which is down from 63% in 2012. The largest increase in the number of pended sales is in the $750,000 - $1,000,000 segment, which is up 17% over the January - April period 2011.
The number of new listings taken in April 2012 is the lowest for the month since 2004. Available inventory in the Naples, Bonita Springs, and Estero markets on May 1, 2012 stands at 7,116 units (3,863 condominiums and 3,253 single family homes). This represents a 20% decrease from May 1, 2011.
Click HERE to see the full Market Report for April 2012.
See the Neighborhood Report at end of April.
View the Comprehensive 1st Qtr 2012 Review & Statistics on Property Sales.
View the Gulf Shore Blvd 1st Qtr 2012 Housing Report.
***Profiles of New Construction Developments & Homes in the Naples & Bonita Springs Area Here***