Wednesday, May 13, 2009
Naples Real Estate Statistics
I haven't posted in a week, so you know we've been busy. At this morning's sales meeting our title company reported that April 2009 was their best month since September 2005! I thought I'd share a few of the recent statistics with you. Once you review them, if you have any questions, please feel free to call any one of us on The Harris-Peppe Team. There have been 15,368 new residential listings YTD in the entire Sunshine MLS system. This includes 7,979 new residential listings in Naples, of which 4,346 were priced at or below $300,000. Currently there are 4,046 active residential listings in Naples priced under $300,000...this is 41% of our current inventory. There have been 3,285 pending YTD in this price point, making up 74% of the pendings in Naples since January 1st, 2009. This price range is definitely driving our market forward. Currently there are 1,799 active Previews listings in Sunshine MLS in the Naples area. There have been 344 listings priced at or above $1 million go under contract YTD. 232 Previews properties have closed YTD, making up about 10.5% of the total closings in Naples. This is actually a very healthy number when you consider that better than one out of every 10 sales is listed over $1 million! The high-end market is holding its own as luxury buyers are finding excellent values. Previews properties make up 18% of the total inventory in Naples. The closed sales in the under $300,000 price range in April 2009 vs April 2008 are up 68%. Comparing April 2008 to April 2009 in ALL price ranges, residential sales are up 20% across the board in Naples. Total inventory in Naples in April 2009 vs April 2009 is down 9% It is a great time to be a buyer. All indicators point towards a leveling off of pricing, including less inventory, pendings along with buyer's confidence up and lower interest rates! Call us today...we'd love to show you some of the fabulous buys available here in Paradise! This information was derived from data on the Sunshine MLS and is deemed to be true and accurate, but not guaranteed.