|
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 —
May 19, 2010
Posted May 19th, 2010 at 10:50 pm by Michele Harrison
Just a quick update for everyone on the state of the real estate market in Collier County as of 4/30/10.
According to the Naples Area Board of Realtors site…
- The overall median closed price increased 22 percent from $170,000 in April 2009 to $208,000 in April 2010. This is the second consecutive month that the median closed price has increased. For properties over $300,000, the median price increased 3 percent from $534,000 in April 2009 to $550,000 in April 2010.
- Overall home sales increased 46 percent to 914 sales in April 2010 compared to 626 sales in April 2009. Properties under $300,000 saw a 25 percent increase in pending sales with 882 contracts in April 2010 compared to 706 contracts in April 2009.
- Single-family pending sales saw a 27 percent increase with 691 contracts in April 2010 compared to 544 contracts in April 2009.
- Condo sales saw a 69 percent increase with 507 sales in April 2010 compared to 300 sales in April 2009.
- The available inventory decreased 13 percent to 9,239 in April 2010 compared to 10,574 in the same month last year
To see the full report and statistics go to www.naplesarea.com
March 12, 2010
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, Collier County, condo sales, contracts, inventory levels, NABOR, Naples Area Board of REALTORS, pending sales, pricing, real estate market, single-family pending sales, Southwest Florida, statistics —
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 —
|
|
