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
Naples Real Estate News 