Closed sales from January to October 2013 increased 10% from the same time period in 2012. YTD closed sales in the $250,000 – $500,000 price range and properties priced between 750,000 and $1,000,000 have posted the largest increases, up 31% in each category over prior year. In the luxury home market above $1,000,000, the average closed price for sales in October 2013 is $2,280,793, which is 13% higher than 2012. Sales greater than $5,000,000 almost doubled year to date with 41 sales this year vs. 21 for the same period 2012.
Pended sales through October 2013 are 10% higher than the same time period in 2012 and the highest on record during the past 10 years. The number of pended sales in all price segments increased over prior year with the exception of properties priced below $250,000, which decreased 4%.
The number of new listings placed on the market in October is down from prior year and 10% below the five year average for the month. On November 1, 2013, available inventory in the combined Naples, Bonita Springs and Estero market stands at 5,371 units (2,697 single family homes and 2,674 condominiums). This represents a 5.3 month supply based on the number of closings in the past 12 months, and is a 17% decline from October 2012 when there was a 7.2 month supply
7— Pearl Harbor Remembrance Day
15 — Bill of Rights Day
17— Full Moon
21 — Winter Solstice
25 — Christmas Day
31 — New Year’s Eve
Time is Running Out to Claim Energy Tax Credits!
The end is drawing near to 2013 so don’t miss your chance to claim your energy tax credits! The Federal Government has extended the $500 tax credits for energy-efficient home improvements through the end of this year. If you have made any recent improvements or upgraded certain systems you may be in luck! How do you know if you qualify? Check out HouseLogic’s article “How to Claim Your Energy Tax Credits” for more details!
And finally, as we enter the month of December, we hope you all have a very Merry Christmas and a Happy New Year!
Annual Holiday in the Park
A blizzard in the park marks a sunny December day one to remember each year! This magical free family-friendly event located in Riverside Park at 26740 Pine Avenue in Bonita Springs on December 3rd, includes a blizzard in the park, giant slow slide, a snow fall area for kids, live holiday music, a holiday train and horse drawn carriage rides, free apple cider and cookies, and more. All children fourteen and younger receive a toy and a chance to meet Mr. and Mrs. Claus!
For more information call (239) 949 -6262 or visit http://www.cityofbonitasprings.org/events/holiday-in-the-park-2/
Holiday Express Festival of Lights
Ready to celebrate the season with a festive ride through the train village? The Holiday Express Festival of Lights Event runs nightly from December 14th to Dec 30th, 2013. (However, is will be closed December 15th due to Lakeside Country Concert, Christmas Eve and Christmas Day.) Tickets are just $5.00 for ages 6+ and $2.00 for ages 1-5. Located at Lakes Regional Park at 7330 Gladiolus Drive in Fort Myers, the event’s hours of operation are nightly from 6PM to 8:45PM. For more information, call (239) 267-1905.