NABOR (Naples Area Board of REALTORS®) released its February report today, and it is extremely positive for the Collier County (excluding Marco Island) real estate market!  The report shows that closings were up 50% last month with a 15% decline in overall inventory levels. 

Many notable Southwest Florida real estate experts are quoted in the report speaking to the positive signs they each are seeing in the different market types related to real estate sales, pricing and inventory levels.    

A few noteworthy points made in the report include:

• “Overall pending sales increased 62 percent with 1,122 contracts in February 2010 compared to 691 contracts in 2009.  Properties under $300,000 saw a 54 percent increase in pending sales with 774 contracts in February 2010 compared to 501 contracts in February 2009.”
• “Single-family pending sales increased 51 percent with 578 contracts in February 2010 compared to 382 contracts in February 2009.”  
• “Overall condo sales increased 44 percent with 270 sales in February 2010 compared to 188 sales in February 2009.”

There is no denying the positive change in real estate anymore…thank gosh!  We are quickly making our way back to a more normal and balanced real estate environment.

To view the entire report, go to http://www.NaplesArea.com.

To view the statistics behind the report, go to http://nabor.com/zzdwnlds/news/market_statistics.pdf