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,
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Tags: 2010,
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Posted March 12th, 2010 at 7:12 pm by Michele Harrison
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
Categories: 55+ Living,
Naples Home Market
Tags: closings,
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