June 12, 2009

Naples Real Estate - Sales Increase in All Price Ranges in May 2009

NABOR (Naples Association Board of Realtors) just released today the numbers for the real estate sales in the Naples area for May 2009.
Overall pending home sales increased 101% in May 2009 compared to 2008:
  • 1,029 units under contract in May 2009.
  • 511 units in May 2008.
In all areas there was at least an increase of 50% of pending sales.
The closing sales were up 36% for the past 12 months ending May 2008:
  • 5,446 for the 12-month period ending in May 2009.
  • 4,005 for the 12-month period ending in May 2008.
The inventory decreased 10% - 10,046 units in May 2009 compared to 11,175 units in May 2008.
The properties with a listing price under $300,000 saw a 177% increase of pending sales!
The average days on the market (DOM) decreased also 24% from 203 days in May 2008 to 155 days in May 2009.
You can view the full report and statistics on my website at:
- Full report for Naples area real estate sales in May 2009.
- Naples area - real estate statistics - May 2009.
This shows that the market in the Naples area starts to recover in all price's ranges.
Do not miss an opportunity to buy a property at a great price in a great area. Do not hesitate to email me if you have a question about a particular area or community. I will be pleased to give you my expertise.
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Matt said...

Well thats a good news I think. That will surely help the real estate market. BTW Florida saw so many foreclosures this year, that would mean so many foreclosed homes up for sale. For a smart invester it would be the best time to invest in real estate and fore rest there is loan modification

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I agree with you, this is a high time to invest in real estate.
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