December 19, 2009

Naples Area Real Estate Market - Pending Sales Up 230% in November 2009

Naples Area Real Estate Market - November 2009 Update. The real estate market in the Naples area (Florida) continues a strong improvement's trend with the last report and figures released yesterday by the Naples Association Board Of Realtors (NABOR).
The trend seen in the previous months of an improving market in the low-price range is now spreading in all categories and price's range.
Overall pending sales for properties in the $300,000 - $500,000's range increased 230% in Nov. 2009 compared to Nov. 2008!
  • 200% increase in the single-family home market.
  • 282% increase in the condominium market.
The overall median closed price decreased 11% to $173,000 (11/09) compared to $195,000 (11/08) due to the number of foreclosures in the low-range priced market.
In the same period, the median closed price decreased only 7% for properties sold above $300,000.
The inventory again decreased 14% compared to November 2008.
- View full report...
- View complete statistics for November 2009....
Looking to buy or sell real estate in the Naples area (from Naples to Estero) contact me to get expertise.

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