September Stats

Posted on October 04, 2010

I am always a couple of days delayed when the 1st of the month lands on a Friday, but here are a few statistics from September that I found interesting and wanted to share with you: 
New listings taken in Naples, September 2010 numbered 1299. This is the fewest number of new listings taken in a month since August 2009.
Currently there are 7,709 Active residential listings in Naples.
Both “Pendings” and Closed Sales were down slightly in September 2010 as compared to September 2009.
Of the 511 closed sales in Naples in September, 437 were residential. Across the board, the list to sale percentage was 94% and the Average Days on the Market was 165 days. 
Median Sold price in Naples in September 2010 was approximately $165,000 compared to $185,000 in September 2009.
Average sold price in Naples, September 2009 was just under $340,000. Last month’s average closed sale was virtually the same. The 12 month average is $370,000 after a peak in July 2010 of $526,000.
Certain geographic areas are outperforming others. The luxury market has taken off, and there have been a number of housing starts in the high-end neighborhoods as well.
One particular area that strikes me is NA 07: the communities of Aqualane Shores & Port Royal. Here are some stats that I think are profound:Average sale price  0-12 months:  $4,924,416.
Average sale price 24-12 months: $4,263,143.
Average sale price 36-24 months: $3,893,318.
If that doesn’t get some of the luxury buyers off their mark, I don’t know what will!

Please call us with any questions. 239.370.0574.  Feel free to leave a comment below. We always welcome your feedback. A member of The Harris Peppe Team looks forward to hearing from you soon. 
Thank you,
The Naples Real Estate Blogger