Luxury Sales Up 17% & Low-end Slumps as Housing Market Improves

By
Real Estate Agent with John R. Wood REALTORS

 

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Southwest Florida Real Estate News


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Garren Grup
John R. Wood, Realtors
239-289-8619
Garren@BuyUpNaples.com

www.BuyUpNaples.com

Click Below For the
1st Qtr 2012 Housing Review

Click Below For
Last Month's eNewsletter

Luxury Sales Up 17% & Low-end Slumps as Housing Market Improves

 

Closed Sales
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.

Pended sales
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.

New Listings
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***

  

Just Reduced to $150K, Spring Run

 

Market Update
March 2012
View Market Report
February 2012
View Market Report
January 2012
View Market Report


Open Houses

View all of John R Wood's
Open Houses
Open Houses

~2 Bedroom w/ Bundled Golf~

Private pool area

 

Beautiful and private golf course views with ceilings that soar to nearly 14 feet in this sought after 2nd floor residence available in Spring Run. 2Bed,2bath condo, close to the pool and ready for immediate occupancy. Full membership privileges to the Spring Run Golf Club including, tennis, fitness center, bocce, casual and fine dining as well as the opportunity of the many other outstanding amenities offered at The Brooks. Floor plan & community site plan available as well as clubhouse photos... See VirtualTour for some of them. Call for complete details,  Virtual Tour & More Photos Here.

See the Video tour on this and my other properties Here.

Website Links
www.BuyUpNaples.com
www.NaplesBeachfront.co.uk
www.NaplestoBonitaSprings.com

Devonwood
PENDING Santuary $700,000

234 Barefoot Mstr Bath
PENDING 234 Barefoot $3,500,000

Whisper Trace
5 Golf Condos
$150,000 - $189,000

 

New Listings
View all of SWFL's
New Listings
New Listings

Navona 16th Floor
PENDING - Villa in Cascades
$265,000

Naples Bay Resort (2 units)
Naples Bay Resort/Hotel
$343,000 - $350,000

Pool Home with Gulf Access
Monterey $550,000

 

 

Garren Grup  |  239-289-8619 
Garren@BuyUpNaples.com  |  www.BuyUpNaples.com

Follow Garren Grup on Twitter @BuyUpNaplesBefriend Garren Grup on FacebookGarren's E-mail FormGarren's Profile on ActiveRain Real EstateAdd Garren Grup as a Connection on LinkedINConnect with Garren Grup on PlaxoConnect with Garren Grup on Plaxo

Call, Email or Connect with Garren to stay in touch & say hello! Request Additional Market Information, a Personal Consultation & Assistance when Considering your Next Move!

 

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Tags:
naples condo
increasing prices
inventory down
bonita springs home sales
market recovering
distressed listings sparse
villas selling

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Garren Grup

REALTOR, ABR, CNE,CDPE, GRI, Naples & Bonita Springs, FL
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