2012 Sales Exceed All Prior Year on Record; New Listings Decrease Versus 2011
2012 saw the highest number of closed sales on record, surpassing 2005, the previous high, by 41 sales. The number of closed sales above $1,000,000 increased 8.8% with 768 closings versus 706 in 2011. Closed sales priced below $250,000 once again decreased as a percentage of the overall market, falling from 62% in 2011 to 58% by year end 2012. Median and Average Sales Prices increased over 2011 with the average price up approximately 4% and the median price up almost 7%.
Pended sales for 2012 were the second highest in 13 years, and above 2004 and 2005 levels. Pended sales above $1,000,000 increased 13% over 2011.
The number of new properties placed on the market in 2012 decreased 5% from 2011. Available inventory on January 1, 2013 in the Naples, Bonita Springs, Estero market stands at 6,722 units (3,613 condominiums and 3,109 single-family homes). This is a 15% decrease from January 1, 2012 and represents approximately a seven month supply.
To see the full John R. Wood Realtors December 2012 Market Report including a detailed analysis, click HERE
Don’t forget to look at the Neighborhood Snapshot Report for December 2012 and our Annual Market Report for 2012!
Seafood Lovers Unite!
If you’re a seafood lover, you’ll not have far to go to experience an event that boasts hometown fun and community heritage! In February, be sure to head down to Everglades City for the 40th Annual Everglades Seafood Festival. Just a 45-minute drive South from Naples, Everglades City hosts this famous annual festival that is one of the best family-fun events of the year. What started as just a community fish fry has grown to approximately 42,000 visitors enjoying great food and top country/western entertainers. With a variety of seafood dishes to sample, kid-friendly activities, as well as numerous vendors, the 2013 Everglades Seafood Festival is a Southwest Florida tradition sure to please the entire family!
The 40th Annual Everglades Seafood Festival is taking place on February 8, 9, and 10, 2013 in historic Everglades City. Be sure to visit www.EvergladesSeafoodFestival.com for hours of operation, directions, and more event information.
34th Annual Naples National Art Festival
Consistently voted among the top ten art festivals in the country, the local community continues to count the Naples National among its premiere, must-see events. Thanks to the high quality of art, the engaging personalities of the artists, and the festive atmosphere, this event enjoys strong guest attendance topping 22,000 guests and considered to be a favorite among visiting winter residents. A competitive event, this fine art and crafts festival showcases the talents of more than 260 artists.
Each year, the festival is held in scenic Cambier Park and along 8th Street South, just one block from shopping and dining in downtown Naples. For convenience, a free shuttle is available to both artists and festival attendees. You can also try the parking deck directly behind the John R. Wood office at 800 Fifth Avenue South.
The event is hosted by the Naples Art Association, whose mission is to promote and advance education, interest and participation in the contemporary visual arts. The 34th Annual Naples National Art Festival will be held on February 23-24, 2013. For more information, please visit www.naplesart.org.