Strong Summer For Home Sales!
STRONG SUMMER FOR HOME SALES
Naples, FL (August 17, 2012) -- Naples area real estate activity remains strong this summer, with an increase in pending sales, closed sales, and the median sales price. The figures represent the overall Naples housing market for the 12-month period ending July 2012.
"July was a good month for overall pending sales," stated Phil Wood, President & CEO of John R. Wood Realtors. "If we look at July 2012 compared with July 2011, we see an average increase of 30 percent in each of the over $500,000 price categories."
In addition, inventory continues to decline, according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island).
"Single-family home inventory is down 14 percent and significantly below the 3,000 unit mark," said John Steinwand, President of Naples Realty Services. "Inventory dropped in every price segment for single-family homes, and as of July 2012 there were only 2,889 properties available for purchase. When we consider that pending sales with contingent contracts are included in the overall inventory number, it is clear that even fewer existing homes will actually be available in the market."
The NABOR® July report provides annual comparisons of single-family home and condominium sales (via the SunshineMLS), price ranges, and geographic segmentation and includes an overall market summary.
The July sales statistics are presented in chart format, with these overall (single-family and condominium units) specifics:
"Strong sales in the Naples coastal area are a contributing factor to the healthier real estate market this summer," said Bill Poteet, 2012 NABOR President and President of Poteet Properties. "We continue to see strong gains in the Naples coastal category."
As always if you have any questions please feel free to contact me by calling 239.404.7787 or by e-mail.
I hope you have a fantastic day!
To view the entire report, visit http://www.NaplesArea.com