SALES OUTPACE NEW INVENTORY
NABOR Reports March 2009 and First Quarter 2009 Real Estate Transactions
SALES OUTPACE NEW INVENTORY
Report Shows Inventory Declines 8 Percent
The increase in sales indicates that the Naples real estate market is making a comeback. An upward swing in the local market has boosted consumer confidence, attracting buyers who had been cautious due to watching national trends.
"Significant increases in the number of buyers actively looking at residential property are being reported by area REALTORS®, noting that realistic pricing adjustments have spurred buyers to get off the fence.The first quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary.
The statistics are presented in chart format, along with the following analysis: Overall home sales for properties under $300,000 saw a 113 percent increase, with 964 sales in the first quarter of 2009 compared to 452 in the first quarter of 2008.Single-family homes sales under $300,000 increased 242 percent with 510 in the first quarter of 2009 compared to 149 in the first quarter of 2008.
The overall median closed price decreased 36 percent to $237,000 for the 12 month ending March 2009 from $370,000 for the 12 month ending March 2008. The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case prices at which homes were actually sold. It should be noted that in any given period the median could vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.
The inventory in the under $300,000 single-family home market has a current 14 month supply, down from 45.6 months of inventory in March 2008.
Pending sales in the under $300,000 price range continues to lead the way in March 2009 increasing 194 percent with 808 compared to 275 in March 2008.The March report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary.
The average days on the market decreased 14 percent to 159 compared to 185 in March 2008.Overall single-family pending sales saw a 137 percent increase, with 625 in March 2009 compared to 264 in March 2008Condo sales saw a 11 percent increase with 277 in March 2009 compared to 250 in March 2008."
SALES OUTPACE NEW INVENTORY
Report Shows Inventory Declines 8 Percent
The increase in sales indicates that the Naples real estate market is making a comeback. An upward swing in the local market has boosted consumer confidence, attracting buyers who had been cautious due to watching national trends.
"Significant increases in the number of buyers actively looking at residential property are being reported by area REALTORS®, noting that realistic pricing adjustments have spurred buyers to get off the fence.The first quarter report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary.
The statistics are presented in chart format, along with the following analysis: Overall home sales for properties under $300,000 saw a 113 percent increase, with 964 sales in the first quarter of 2009 compared to 452 in the first quarter of 2008.Single-family homes sales under $300,000 increased 242 percent with 510 in the first quarter of 2009 compared to 149 in the first quarter of 2008.
The overall median closed price decreased 36 percent to $237,000 for the 12 month ending March 2009 from $370,000 for the 12 month ending March 2008. The median refers to the middle value in a set of statistical values that are arranged in ascending or descending order, in this case prices at which homes were actually sold. It should be noted that in any given period the median could vary greatly if there is an anomaly, a single sale that is significantly higher or lower than other properties in the area.
The inventory in the under $300,000 single-family home market has a current 14 month supply, down from 45.6 months of inventory in March 2008.
Pending sales in the under $300,000 price range continues to lead the way in March 2009 increasing 194 percent with 808 compared to 275 in March 2008.The March report provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges, geographic segmentation and includes an overall market summary.
The average days on the market decreased 14 percent to 159 compared to 185 in March 2008.Overall single-family pending sales saw a 137 percent increase, with 625 in March 2009 compared to 264 in March 2008Condo sales saw a 11 percent increase with 277 in March 2009 compared to 250 in March 2008."
Labels: http://www.naplesarea.com/realtor-issues.asp, Naples Real Estate, Naples Real Estate Market, Naples Real Estate Statistics, Southwest Florida Real Estate Sales
posted by Mari Vesci at
12:41 PM
