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July 20, 2010
Posted July 20th, 2010 at 8:00 pm by Michele Harrison
The numbers are in, and it has been another strong quarter for Collier County real estate! Across all price levels, we saw almost a 20% total increase in closed sales compared to the second quarter of 2009 along with an increase in total pending sales up 8%. Inventory levels overall fell by 9% compared to second quarter 2009, and we saw a 10% increase in median close price for the $300,000 and below price range which is a welcome change.
A few points of interest by price point on the quarterly numbers include:
- $0-$300K – a 22% increase in the median closing price for single family homes jumping from 115 in 2009 to 140 in 2010 and condo closings up 30% compared to the same time last year.
- $300K-$500K – single family closings at a 31% increase over 2009 and an inventory decrease of 17% moving from 935 to 796. The condo market saw a 32% decrease in inventory levels and was the only category that saw a major decline in days on the market coming in at 190 for 2010 compared to 235 for 2009.
- $500-$1M – almost double the average increase in single family closings at 51% coupled with a decrease in inventory levels of 16%. The condo market saw a 29% increase in closings and inventory reductions at a 26% decline.
- $1M-$2M – a 61% increase in single family pending sales and a 60% increase in closed sales. The condo market saw a 31% increase in closings and a 21% reduction in inventory levels.
- $2M+ market – a 30% increase in single family pending sales, an 11% increase in closings, and the highest decrease in both inventory levels (29%) and days on the market (27%). Pending condo sales nearly tripled the average increase at 59%, and had the best decrease in inventory at 36%.
Clearly, it is safe to say that Collier County’s real estate market is in recovery!
To view the full report, go to http://nabor.com/zzdwnlds/news/July_16_2010_Press_Release.pdf
To view statistics, go to http://nabor.com/zzdwnlds/news/2nd_Quarter_Statistics.pdf
Categories: 55+ Living, Naples Home Market
Tags: 2010, closed sales, Collier County, condo, condo closings, days on the market, FL, Florida, increase in closings, increase in pending sales, inventory decrease, inventory levels, inventory reductions, median close price, Naples, pending sales, real estate, recovery, second quarter, single-family homes, statistics —
April 25, 2010
Posted April 25th, 2010 at 10:08 pm by Michele Harrison
Do you remember my post from December on Collier County’s Project Innovation program? Well, it is time for me to bring this group up again because they have a fabulous event happening this week! On Thursday, April 29, 2010 we have the opportunity to meet with Jackson Laboratory to discuss the Jax Florida Institute becoming a reality in Collier County. Collier has the opportunity to have a research institute for genome studies and DNA research. This is extremely exciting!
For those of you that aren’t familiar with this group, I had mentioned the following in a previous post:
Project Innovation is an initiative that was launched last year by the EDC Board that has brought together community business people in somewhat of a think-tank concept to generate solutions for economic matters facing Collier County. A number of volunteers from across the county, representing both non-profit and for-profit organizations, were divided into specific actionable improvement areas including: innovation, quality of place, talent, business climate, infrastructure and governance. Within each of these areas items were proposed and are already underway like the Bayshore redevelopment master plan, the Children’s Museum of Naples, the Gordon River Greenway, Heritage Trail, Immokalee Regional Airport Master Plan, STEM Council, Tamiami Angel Fund and a regional branding campaign.
Here are the details for the upcoming event:
Thursday, April 29, 2010
Telford Education Building (NCH)
350 7th Street
North Naples, FL
Community Conversation 9:00a.m-10:00am
Pre-Registration Required – Click Here
You definitely don’t want to miss this…See you there!
Categories: 55+ Living, Human Interest, Naples News
Tags: 2010, 7th Street, April 29, Bayshore Redevelopment Master Plan, Collier County, DNA research, EDC of Collier County, genome studies, Heritage Trail, Immokalee Regional Airport Master Plan, Jackson Laboratory, Jax Florida Institute, NCH, North Naples, Project Innovation, STEM Council, Tamiami Angel Fund, Telford Education Building, the Children’s Museum of Naples, the Gordon River Greenway —
February 26, 2010
Posted February 26th, 2010 at 11:13 am by Michele Harrison
For those of you that missed the recently released report by NABOR (Naples Area Board of REALTORS®) it stated that overall home sales increased 51% compared to a year ago! While many people are still finding it tough out there, we are truly beginning to see positive signs from a real estate market perspective…thank gosh!
The report notes comments from many key players within the real estate community that consistently agree that sales across the board are up. They are seeing increases in all price levels and in all geographic locations. They have even seen forward movement in the condo market, which has not been the case in years.
A few noteworthy points made in the report include:
- “Overall pending sales for properties under $300,000 increased 81 percent with 718 contracts in January 2010 compared to 396 contracts in January 2009.”
- “Single-family pending sales increased 61 percent with 511 contracts in January 2010 compared to 317 contracts in January 2009.”
- “Overall condo sales increased 91 percent with 288 sales in January 2010 compared to 151 sales in January 2009.”
While things aren’t going to return to the price levels we saw a few years back anytime soon, at least we have made it to the recovery! Now, we must help our community to regain momentum and move forward.
If you would like to view the entire report, go to http://www.NaplesArea.com.
Categories: Naples Home Market, National Real Estate Market
Tags: 2010, condo market, condo sales, home sales, NABOR, Naples Area Board of REALTORS, NaplesArea.com, pending sales, real estate market, single-family pending sales —
December 30, 2009
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