Is it February already?

Posted on February 01, 2011

Chip & I have been working non-stop since the first week of January. This is the time of year when we make hay because the sun is shining—and it’s not shining in other parts of the country, which is pretty obvious by the number of leads we are fielding each day from the snowy north. Inquiries are up across the board. The flurries fall and the phone starts to ring! I don’t ever remember a better time to be a buyer in Naples Florida! Good inventory, excellent interest rates, and it’s 83 degrees here today! Here are a few of January’s statistics that I thought might interest you: Currently there are 8,217 ACTIVE residential listings in Naples per the MLS. 1,784 new listings taken in January 2011. These listings range from a 2 bedroom/ 2 bath condo in East Naples priced at only $17,000 to a 14,000 square foot mansion in Port Royal with an asking price of $13,450,000. 1,150 properties in Naples went under contract in January 2011. Of those 450 are PENDING without contingencies. 840 of the 1,150 were listed at or below $300,000.547 of the 1,150 are single family homes vs. 603 condominiums.80 of the 1,150 are Previews Properties: those listed at or above $1 million. There were 525 CLOSINGS in January 2011. There were 561 closings in January 2010.Cash transactions in Naples still outnember conventionally financed closings by a margin of approximately 3 to 1. If you would like details of what is presently happening in a specific neighborhood we would be happy to assist you with that. Please call or email us with your request and we will take care of that right away. 239.370.0574 Thank you, and make it a GREAT February! The Naples Real Estate Blogger This information is obtained from SunshineMLS. It is believed to be accurate but it is not warranted or guaranteed.