Naples real estate is heading in the right direction with a very active market in the past year and 2013 starting very strong.
Major national builders are starting construction again in existing communities and new ones.
Custom builders also starting construction of spec homes in high-end neighborhood like Port Royal, Olde Naples or Aqualane Shores and Mediterra as they are confident the real estate market is recovering in the Naples area.
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Serious Buyers hurry!
Do not wait any longer if you are seriously planning to buy a property in the Naples area! The inventory is decreasing drastically and more areas have such low inventory that the selling price increases.
NABOR (Naples Association Board Of Realtors) released a few days ago the sales report and statistics for October 2012 and here are the main facts, for the 12-month period ending October 2012:
Overall median closed price up 11% from $177,000 to $197,000.
Overall pending sales are up 21% in the $500,000 to $1 Million price range.
Overall inventory decreased 13%.
Naples coastal area: Overall pending sales up 14%.
More impressive statistics are in the report.
For the fifth consecutive months the overall median prices have increased in the Naples area (Naples, Bonita Springs & Estero) and the median closed price increased 22% overall in April 2012 compared to April 2011.
These figures are part of the new real estate market report just released by NABOR (Naples Association Board of Realtors).
Other key figures:
- Overall pending sales increased 20 % in the $500,000 to $1 million category.
- Overall inventory dropped by 13 % from 8,214 in April 2011 compared to
- 7,130 in April 2012.
- Overall closed sales increased 14 % in the $500,000 to $ 1 million category a
- nd rose 13 % in the $1 million to $2 million category.
- Overall pending sales in the Naples Beach area increased 14 % from 1,675 to
- 1,913 and closed sales increased 17 % from 1,437 to 1,678 for the 12-month
- period ending April 2012.
The inventory in the $300,000 and below is disappearing. Some areas are switching to a seller’s market.
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View complete statistics…
Find your dream home in Naples area now, before it is too late…
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Contact Dominick today for all your real estate needs from Naples to Estero.