More Naples Real Estate Stats

Posted on November 09, 2008

Things really picked up the first week of November. Showings are up, sign calls are up, Internet leads are up…even morale is up. I thought I’d share a few more stats with those readers who have called and asked questions about specific neighborhoods and the market in general.

In the first week of November 2007 the local multiple listing system reported 98 residential properties going under contract (also known as “pendings”) and 68 closed sales. This year we saw that increase to 165 pendings and 97 closed sales during that same time! 22 of the pendings were listings priced over $1 million. 118 were listed under $300,000.

Areas that are fairly even to their average sold prices in the last 12 months as compared to the previous 12 months are:
NA01: North of 111th Avenue North and west of U.S. 41;
NA02, Vanderbilt Beach area;
NA04 Pelican Bay area and
NA19, Lely area.

NA05: known as the Crayton Road area, which includes Park Shore and The Moorings is at $1,190,368 average sold price in the past 12 months as compared to $1,420,783 in the prior 12 months. Old Naples: NA06, is down from $1,597,183 to $1,109,895, and Aqualane-Port Royal: NA07 has seen a significant decrease with an average sold price of $3,807,625 in the last 12 months as compared to $6,344,029 in months 24-12. However, this area now has an average of 5 closed sales per month in the past 12 months as compared to 4 when going back 24 months; a 20% increase in the number of sales closing.

If you would like an analysis of your home or of a specific neighborhood, please either call (239-370-0574 direct) or email any member of The Team today. Also, we welcome you to log on to our website, and look in the menu bar for “Neighborhood Information” where you will find additional information about many of the areas we report about on this blog.

Thanks and make it a great day!