Naples, Bonita Springs, Estero Florida Real Estate Market Report

Here is a Report for September 2008 for Listed, Pending and Closed Sales For The Naples FL, Bonita Springs, FL and Estero FL Real Estate Markets.  Please Contact Me If You Would Like Any Additional Information

This report represents the combined Naples, Bonita Springs, Estero market. Numbers may vary among various GEO codes so 

be sure to research individual market segments carefully. 

Disclaimer: All information from Sunshine MLS.  Accuracy is deemed correct but not warranted. 

CLOSED SALES 

♦Closed units in September were up 40% over September 2007. 

♦YTD Closed units up 16% over same period 2007.  Volume down 8.5%  

♦Median sales price YTD September down 20% from YTD September 2007.  Average sales price down 21% 

♦YTD sales under $500,000 represent 72% of all closed sales and continue to be the only price segment showing an increase over 

prior year.  Closed units under $250,000 are up 109% over YTD September 2007. 

PENDED SALES 

♦September pended sales units are up 107% over September 2007 and almost the same as September 2004 and September 2003.  

Naples up 119% and Bonita/Estero up 67%.  

♦Cummulative pended sales through September are up 25% over prior year. 

♦Pended sales over $2 million were the same as September 2007 (13 sales).  the entire over $1 million price category is slightly 

ahead of September 2007 (38 sales September 2008 vs. 36 September 2007). 

♦YTD pended sales over $2 million remain 38% behind the same period 2007.  (337 pended YTD September 2007 vs. 244 in 

2008.) 

NEW LISTINGS 

♦Number of new listings taken in September up 4% over September 2007. 

♦Active listing inventory on October 1, 2008 stands at 13,212 in the combined Naples, Bonita Springs, Estero markets (6,937 

single-family homs and 6,275 condominiums).  This represents approximately a 3% decrease compared to inventory a year ago.  

Largest inventories continue to be condominium and single-family homes in the under $500,000 price segments.