Eight Months Of Increased Pending Sales In The Naples Real Estate Market

Good Morning.  Just Got This Information And Wanted To Pass It On. It Is Great News For The Naples Real Estate Market! The Naples Area Board of REALTORS® Is Reporting Eight Months Of Increase In The Number Of Pending Home Sales.  Please Read This Press Release Put Out By NABOR. Feel Free To Contact Me With Any Questions You Might Have On Real Estate In Naples, Bonita Springs or Estero Florida. Visit My Web Site At: http://naplesbonitaspringsesterorealestate.com For Current Listings And Community Information.

FOR IMMEDIATE RELEASE 

Contacts: Arlene Carozza, NABOR, President, 239/877-7411 

Marcia Albert, NABOR, Manager of Events & Marketing, 239/216-4148

 

EIGHT IS GREAT 

Report Shows 106 Percent Increase in Overall Pending Sales 

NAPLES, Fla.-October 16, 2008-For the eighth consecutive month, pending sales increased in the Naples area according to a report released by the Naples Area Board of REALTORS® (NABOR), which tracks home listings and sales within Collier County (excluding Marco Island). 

“The greater Naples Area is seeing a double digit growth in all geographic areas in overall pending sales. The increase ranged from 47 percent in South Naples to as much as 244 percent in Central Naples” stated Brett Brown, Managing Broker of Miromar Realty of SW Florida. 

According to Jo Carter, President of Jo Carter & Associates, “The average days on the market has decreased 17 percent for Single family homes, indicating that sales are continuing to increase.” 

The report which provides annual comparisons of single-family home and condo sales (via the SunshineMLS), price ranges and geographic segmentation also includes an overall market summary. The statistics are presented in chart format, along with the following analysis: 

 Overall pending home sales in the greater Naples Area, which includes Naples Beach, North Naples, Central Naples, South Naples, East Naples, Immokalee and Ave Maria, increased 106 percent, with 481 in September 2008 compared to 234 in September 2007. 

 Overall pending home sales for properties less than $300,000 saw a 264 percent increase with 320 in September 2008 compared to 88 in September 2007. 

 Overall home sales increased 50 percent with 361 in September 2008 compared to 240 in September 2007. 

 Single-family pending home sales increased 173 percent overall, with 319 in September 2008 compared to 117 in September 2007; Pending sales of single-family properties of less than $300,000 were 202 in September 2008 compared to 27 in September 2007, a 648 percent increase. 

 Single-family home sales increased 50 percent overall, with 209 in September 2008 compared to 139 in September 2007. 

 Overall condo sales increased 50 percent, with 152 in September 2008 versus 101 sales in September 2007; and pending condo sales under $300,000 increased 93 percent with 118 in September 2008 compared to 61 in September 2007. 

The $300,000 and below market has been leading the way and is now driving sales to higher priced properties. “Pending sales are up 22 percent in the $500k and above market from September 2007 to September 2008, and the numbers of homes sold are up as well” stated Tom Bringardner, President of Premier Properties. 

“The activity in the higher priced properties demonstrates that the increases in the $500k and above market are now driving the sales” said John Steinwand, President of Naples Realty Services. 

To view the entire September report, go to www.Naplesarea.com   

The Naples Area Board of REALTORS® (NABOR) is an established organization (Chartered 1949) whose members have a positive and progressive impact on the Naples community. NABOR is a local board of REALTORS® and real estate professionals with a legacy of nearly 60 years serving 5,000 plus member-customers. NABOR is a member of the Florida Association of REALTORS® and the National Association of REALTORS®, which is the largest trade association in the United States with more than 1.3 million members and over 1,400 local boards of REALTORS® nationwide. NABOR is structured to provide programs and services to its membership through various committees and the NABOR Board of Directors, all of whose members are non-paid volunteers. 

Click Here To View The Statistical Charts For This Report

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. 

My New Real Estate Site, Featuring Shadow Wood and Bonita Bay

Shadow Wood, and Bonita Bay Real Estate Listings are posted on my new Naples Bonita Springs, Estero real estate web site. Just go to http://www.naplesbonitaspringsesterorealestate.com and you can search for your new home.

Ed Gongola

Shadow Wood Country Club

Ed here,

Just wanted to let you know that,

Shadow Wood Country Club, is
offering three championship golf courses, and has an exciting new golf membership offering!

The Ambassador Preview Membership Initiative will run through 2/28/09. Applicants who apply before this dateand commit to membership within 60 days of application, will receive a reduced initiation fee of *$35,000 (*non-refundable).

Please contact Ian Coleman, Membership Director,
or Chari Kazich, Assistant Membership Director at 239-992-6000 for complete details.

(Terms are subject to change without notice.)

Take Care,

Ed Gongola