Home Sales Rise 36 Percent...
Home sales rise 36 percent over a year ago in Naplea area, NABOR reports
By: NDN Staff
Originally published 12:31 p.m., Friday, June 12, 2009
NAPLES — May home sales in the Naples area increased substantially over May 2008, according to a report released early this afternoon by the Naples Area Board of Realtors (NABOR).
Overall pending home sales in the greater Naples area, which includes the Naples beach area, North Naples, central Naples, East Naples, Immokalee and Ave Maria, saw an increase of 101 percent with 1,029 pending sales in May compared to 511 in May 2008.
The available inventory decreased 10 percent to 10,046 in May compared to 11,175 in May 2008, NABOR reported.
Other findings:
**Overall pending home sales for properties under $300,000 saw a 177 percent increase, with 5,160 pending for the 12 months ending in May compared to 1,860 for the 12 months ending in May 2008.
**The average days on the market decreased 24 percent to 155 in May compared to 203 in May 2008.
**Single-family home sales increased 53 percent with 383 in May 2009 compared to 251 in May 2008; single-family pending home sales saw a 110 percent increase with 603 in May 2009 compared to 287 in May 2008.
**Condo sales saw a 24 percent increase with 313 in May 2009 compared to 253 in May 2008.
**For the year ending in May 2009, the median price for properties over $300,000 decreased only 1 percent to $550,000 compared to $555,000. The median refers to the point where half of the sales are for more, and half for less.
RELATED LINK: www.naplesarea.com
By: NDN Staff
Originally published 12:31 p.m., Friday, June 12, 2009
NAPLES — May home sales in the Naples area increased substantially over May 2008, according to a report released early this afternoon by the Naples Area Board of Realtors (NABOR).
Overall pending home sales in the greater Naples area, which includes the Naples beach area, North Naples, central Naples, East Naples, Immokalee and Ave Maria, saw an increase of 101 percent with 1,029 pending sales in May compared to 511 in May 2008.
The available inventory decreased 10 percent to 10,046 in May compared to 11,175 in May 2008, NABOR reported.
Other findings:
**Overall pending home sales for properties under $300,000 saw a 177 percent increase, with 5,160 pending for the 12 months ending in May compared to 1,860 for the 12 months ending in May 2008.
**The average days on the market decreased 24 percent to 155 in May compared to 203 in May 2008.
**Single-family home sales increased 53 percent with 383 in May 2009 compared to 251 in May 2008; single-family pending home sales saw a 110 percent increase with 603 in May 2009 compared to 287 in May 2008.
**Condo sales saw a 24 percent increase with 313 in May 2009 compared to 253 in May 2008.
**For the year ending in May 2009, the median price for properties over $300,000 decreased only 1 percent to $550,000 compared to $555,000. The median refers to the point where half of the sales are for more, and half for less.
RELATED LINK: www.naplesarea.com
Labels: naples fl real estate, naples florida home sales, Naples Real Estate Market, Naples Real Estate Statistics
posted by Mari Vesci at
1:38 PM
