For the first time in months, we are seeing days where the “new listings” outnumber the “pending” listings…Not every day, and not by much, but it is step in the direction of having a higher overall inventory…Time will tell. Year-over-year, in last month’s report, we saw a decrease in inventory of 72 %. In this market report we see overall inventory down 24 % year-over-year. In my last monthly report,
Read MoreClosed Home Sales Up 22% in Third Quarter for 2013 There are three key real estate market indicators that help determine how a community is performing when compared to the same time period of previous years. Those are: 1.) The number of closed sales, 2.) the amount of inventory, and 3.) the median home sale prices. ~According the The Naples Area Board of Realtors, in a report published October 17th,
Read MoreThe Naples Area Board of Realtors 2012 Annual Report The Naples Area Board of Realtors 2012 Annual Report was recently released with some good information about sales within the greater Naples area. This report tracks and provides comparisons of both single family homes and condos sales in 2011 and 2012, and breaks them down into price ranges and location segments. Here are some of the *statistics which I found to be particularly noteworthy:
Read MoreNaples Florida Makes the Top 10 List! Wow! 8 of the 10 turnaround towns that made the CNBC.com list are in Florida, and Naples made its first ever appearance! Check out more of the story by clicking HERE! Data derived from Realtor.com, the official site of The National Association of Realtors, showed clearly that many of those cities that once led the downturn in the real estate markets nationwide, are now leading the way to
Read MoreMay 2011 vs. May 2012 Well, here it is, the 1st of another month. Time flies when you're having fun! May has been a very good month all the way around. We took a few well priced, saleable new listings...we showed homes to some fabulous customers and wrote a few offers...negotiated a few sales...and managed a few days off, including presently being on our boat, bringing her home from the
Read MoreOnce again we had the distinct honor of having Cindy Carroll, Florida State Certified Residential Real Estate Appraiser, as a guest speaker at the Coldwell Banker monthly business meeting at The Naples Area Board of Realtors. Cindy came chock-full of good information and reliable market statistics. I would like to share some of the highlights of her talk, much of which is based on data derived from our local multiple listing
Read MoreWhat is happening today in the Naples Real Estate market? Just released, The NABOR Market Report has some exciting and interesting statistics about the current state of the real estate market in Naples Florida. Several factors are coming into play regarding value, primarily supply and demand. The 2011 housing inventory ended at a 5 year low. Specifically, the number of properties listed below $300,000., which has been the driving force
Read MoreAgain we are faced with the media presenting erroneous information to consumers based on data that is inaccurate and far too broad-based to carry water. As one of my colleagues so eloquently put it earlier today in remarking about various newspaper and magazine accounts of the current real estate market, "Real Estate is NOT real, it's the perception that is real"! As stated in CNNMoney this week, according to FISV,
Read MoreNothing indicates what is happening in the real estate market more accurately than listings going under contract. The graph below depicts pendings of Naples residential listings over the past 4 years, per the local multiple listing service: SunshineMLS. This is a clear illustration [click on graph to enlarge] of the peaks and valleys in our local market. Obviously, our pendings go up during "season"-- that just makes sense. But, what
Read MoreWhere has the Naples Real Estate Blogger been? It's been a busy couple of weeks at NaplesRealEstate.com. Chip and I have been showing homes to prospective Neapolitans almost everyday for the past 2 weeks. 'Season' might technically be over, but buyers looking for real values are coming back to town now that the crowds are gone to look hard at those listings that are still available...And the best buys are
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