Monthly Market Update..

 

INCREASED HOME SALES REDUCE INVENTORY

Report Shows Mid-priced Market Activity up 55%

Naples, Fla. —   Overall pending home sales and closed home sales have increased five percent each in the 12-months ending February 2012 , according to data from the Naples Area Board of REALTORS® (NABOR®) which tracks home listings and sales within Collier County (excluding Marco Island).

 The rise in home sales is a positive sign and increased sales lead to less housing inventory in the Naples area. Overall inventory decreased 17 percent, from 9,213 in February 2011 to 7,888 in February 2012.

 “One of the biggest gains is a 55 percent increase in pending sales from February 2011 to February 2012 for Naples area homes priced from $500,000 to $1 million,” stated Phil Wood, President & CEO of John R. Wood Realtors. “In February, homes in that price range took off like rockets.”

 The overall market experienced 8,349 closed sales for the 12 months ending February 2012, compared to 7,929 closed sales for the 12-month period ending February 2011, according to NABOR® data.

 NABOR® data shows:

  • Overall pending sales increased 55 percent in the $500,000 to $ 1 million category February 2011 to February 2012
  • Overall closed sales increased 70 percent in the $2 million plus category February 2011 to February 2012
  • Median closed prices overall are up 5 percent from February 2011 to February 2012
  • Overall inventory reduced 17 percent from February 2011 to February 2012
  • Overall average DOM (Days on the Market) decreased 4 percent from February 2011 to February 2012
  • Overall pending sales increased 11 percent in the $300,000 to $500,000 category and 17 percent in the $500,000 to $ 1 million category 12-month ending
  • Closed sales increased 13 percent in the $ 1 million to $2 million category 12-month ending
  • Naples Beach area pending sales increased 17 percent and closed sales increased 20 percent 12-month ending

Visit www.NaplesArea.com for more about this article. 

Box Office Releases for Month of April:  

Wednesday, April 4th:

Title Cast  
Titanic 3D (1997) Leonardo DiCaprio / Kate Winslet

Friday, April 6

Title Cast  
American Reunion (2012) Jason Biggs / Alyson Hannigan  
We Have a Pope (2012) Michel Piccoli / Nanni Moretti

Friday, April 13

Title Cast  
Lockout (2012) Guy Pearce / Maggie Grace  
The Cabin in the Woods (2012) Richard Jenkins / Bradley Whitford  
The Three Stooges Will Sasso / Sean Hayes  
The Lady (2012) Michelle Yeoh / David Thewlis

Friday, April 20

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About yournapleshome

Karen is originally from Cape May County, New Jersey but considers herself a Floridian due to the many years she has resided in this sunny state! She has two children, Kimberly and Jennifer. Kimberly graduated form the University of Florida in 2000 and resides in Naples with her husband and two children. She works in education . Jennifer graduated from the University of Florida in 2006 and resides with her husband in Raleigh, North Carolina. She currently works for the Sweatlock Team as a marketing executive. The Sweatlock Team provides top-notch personable and professional real estate services, custom marketing for listings, efficient and honest service, fair representation, and a team that is ready to work for you! All combined with great expertise and impeccable service- a combination that can't be beat! Our clients are clients for life.
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