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NAR reports for October 2012

Naples Home Sales

Sourced from KCMBLog

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Another reason that NOW is the time to buy. Not only is inventory very low, now Naples Florida has been selected in the top 10 “Best Real Estate Housing Markets”.

Online real estate and news provider, Housing Predictor, has just released its Best Real Estate Housing Markets Through 2016 report. The 10 cities on this report  are projected by Housing Predictor to have the highest probability of appreciating the most for all cities in the nation through 2016.  Naples, Florida makes the list at #8.

Best Housing Markets Next 5 years
   Rank    City   Forecast
Appreciation
    1.    Miami, FL      18.7%
    2.    San Francisco, CA      15.9%
    3.    Los Altos, CA      15.5%
    4.    Seattle, WA      14.9%
    5.    Medford, OR      13.9%
    6.    Eugene, OR      12.8%
    7.    Napa, CA      12.7%
    8.    Naples, FL      12.5%
    9.    Austin, TX      11.6%
  10.    Tucson, AZ      10.5%

See full article from Housing Predictor here

Thinking about buying or selling in Naples, FL contact Judy or Dennis
www.JudySellsNaples.com | Judy@JudySellsNaples.com | 239-216-1388

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Sourced from KCMBlog

Thinking about buying or selling in Naples, FL contact Judy or Dennis
www.JudySellsNaples.com | Judy@JudySellsNaples.com | 239-216-1388

 

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Naples_Florida_Neighboorhood_Graph

Each month, John R. Wood Realtors publishes their Neighborhood Snapshot Report which shows the number of closed sales over the last 12 months, as well as the available inventory in some of Naples’ and Bonita Springs’ most popular neighborhoods.  This report is divided by single-family homes and condominiums, and gives residents insight into how active their neighborhood is, as well as surrounding neighborhoods.

The latest report dated November 1, 2012 shows that single-family home and condominium inventories have increased slightly in many neighborhoods. This may be due to winter residents listing their homes upon their arrival back into the market. However, there are some key neighborhoods still experiencing low inventory for single-family homes, such as Aqualane Shores, Barefoot Beach, Mediterra, Pelican Bay, Port Royal and The Vineyards. For condominiums, inventory has decreased in Grey Oaks, Mediterra, Pelican Landing at The Colony, and Pine Ridge.

Closings for the past 12 months have increased in several neighborhoods in the Naples, Bonita Springs and Estero Market areas. For single-family homes, closings have increased in Aqualane Shores, The Brooks, Coquina Sands Non-Waterfront/Park Shore/Moorings/Seagate areas, The Crossings, Grey Oaks, Kensington, Lely Resort, Palmira, Pelican Sound, Pine Ridge, Port Royal and The Vineyards. For condominium closings in the past 12 months, Barefoot Beach, Bonita Bay, The Brooks, Coquina Sands Non-Waterfront and Waterfront/Park Shore/Moorings/Seagate areas, Mediterra, Palmira, Pelican Bay, Pelican Landing at The Colony, Pine Ridge, Tiburon and The Vineyards have seen increases as well.

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Real Estate Market Report October 2012

Naples, Bonita, Estero Real Estate Market Areas

CLOSED SALES

• The number of closings in October is up 19% over October 2011, and the highest on record for the month.
• Year-to-date closings are also at the highest level for the period since 2005 and only 5% below the record set in 2005 for the first 10
months of the year.
• Average Sales Price year-to-date is 39% below 2005 level at $376,729 vs. $620,666 in 2005.

PENDED SALES
• The number of sales pended in October is the second highest on record for the month.
• All price categories posted increases over October 2011 in the number of pended sales, with the largest increases in the category
above $1,000,000. Properties priced below $250,000 recorded the smallest gain.

NEW LISTINGS
• The number of new properties placed on the market in October increased 21% over October 2011.
• The number of new listings year-to-date continued the downward trend for the period which began in 2007.
• Available inventory in the Naples, Bonita Springs, Estero market on November 1, 2012 stands at 6,471 units (2,894 single family homes
and 3,577 condominiums). This is a 16% decline from November 1, 2011, and represents approximately a seven month supply.

For more info on Naples Real Estate  contact Judy or Dennis
www.JudySellsNaples.com | Judy@JudySellsNaples.com | 239-216-1388

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Existing Home Sales Report for September 2012

We are often asked where we think home prices are headed and how are the sales of Naples Homes going. Well NAR (National Association of Realtors) have created this wonderful graph to help put everything into perspective.

For the month of September in 2012:

Homes Sales are up 11%

Prices are up 11.3%

They average day a listing is on the market has fallen 30.7%

Inventory is also down a whopping 20%

Sourced by KCMBlog

For more information about Naples Real Estate Market contact Judy or Dennis.
www.JudySellNaples.com | Judy@JudySellsNaples.com

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Every quarter, John R. Wood Realtors releases the Southwest FL Inventory and Absorption Levels Report. This report is designed to convey the reality of the supply / demand situation in the Naples, Bonita Springs, and Estero real estate markets based on information from Sunshine Multiple Listing Service. The latest report was released on October 22, 2012.

Naples FL Real Estate Inventory and Absorption Levels
for Naples, Bonita, Estero Market Areas
2007-2012

The chart at the top of the page shows that inventory peaked in February 2008 with almost 16,000 units for sale.  This represented just over a 37 month supply based on closings at that time.  The months of supply has dramatically decreased from then until now with just 6.95 months of supply.

The second chart shows the historical relationship between number of units for sale (supply) and the number of closings (demand).  April 2010 is the point at which sales for the prior 12 months were almost equal to existing inventory.  Since that time sales (demand) has remained relatively consistent, with increases now visible, while available units for sale (supply) has continued to decline.

Available inventory in the Naples/Bonita Springs/Estero market as of September 1, 2012 was down to 6,151 units (2,766 single-family homes and 3,385 condos). This is a 17.5% decrease as compared to September of 2011.

For more info on Naples Real Estate Inventory contact Judy or Dennis
www.JudySellsNaples.com | Judy@JudySellsNaples.com | 239-216-1388

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#NaplesFL #EsteroFL #BonitaSpringsFL #SWFL #RealEstate #RE

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