Monday, August 17, 2009

Homes sales up almost 70 percent from a year ago

NABOR: Homes sales up almost 70 percent from a year ago
By I.M. STACKEL
Posted August 14, 2009 at 1:31 p.m. , updated August 15, 2009 at 8:15 a.m.

NAPLES — With an economy that is moving the right direction, there are going to be some celebratory brunches.

Naples Area Board of Realtors released its numbers Friday, and the statistics have many smiling: overall home sales increased by 67 percent in July, compared with the same period one year ago.

Comparing July 2009 to the previous year, there’s also been a 12 percent decrease in inventory, a positive sign that the “buy now” message is getting out, say leaders in the real estate industry.

Especially heartening: the number of people asking to look at property and pending sales. Desire for properties costing less than $300,000 increased by 165 percent compared with this period last year. In hard numbers, that was 682 pending sales last month as compared with the 257 pending sales NABOR reported in July 2008.

Condo sales increased by 61 percent with 283 in July 2009, compared to 176 in July 2008.

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