Naples FL Blog

August 2011 Housing Trends eNewsletter
August 29th, 2011 4:21 PM
Welcome to the most current Housing Trends eNewsletter. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

The Housing Trends eNewsletter contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau and Realtor.org reports, videos, key market indicators and real estate sales statistics, a video message by a nationally recognized economist, maps, mortgage rates and calculators, consumer articles, plus local neighborhood information and more. Please
click here to view the AUGUST - 2011 Newsletter Housing Trends eNewsletter.

If you are interested in determining the value of your home, click the
Home Evaluator link for a free evaluation report.

Would you like to own a home in Naples? Search here, once at the search page, you can search by development or map area, save your search and new listing updates will be e-mailed to you.

Should you be thinking of selling your home in Naples and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation. Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Care to share a comment with us? Just click on the post a comment link at the bottom of this blog entry. Comments are always welcome.

Want to subscribe to this blog? Just click on the Subscribe link at the bottom of this blog entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Naples. Her 33 years of real estate experience and her area expertise have been valuable resources for Naples Sellers and Buyers. For more information, please contact Lynn Wilber or call 239-594-2780.

YouTube | Linkedin | Google |Website | Twitter | Facebook


Posted in:General
Posted by Lynn H. Wilber on August 29th, 2011 4:21 PMPost a Comment

The Naples Area Board of Realtors® recently released statistics for June 2011.  Let's take a look at the 12 month period ending June 2011 in comparison to the 12 month period ending June 2010.  Some good news is that the inventory of properties for sale is down for both condominiums and single family homes.

Here are breakdowns of Condominium Sales by price range and area:

Condominiums By Price Range- June 2011

Price Range

% Total Sales

Months Needed to Absorb Inventory

$0-300K

76.1%

8.71

$300K-$500K

11.1%

17.77

$500K-$1M

 8.5%

21.29

$1M-$2M

 3.1%

17.07

$2M+

 1.1%

26.13

Condominiums By Area- June 2011

Area

% of Total Sales

Months Needed to Absorb Inventory

Naples Beach

22.6

15.2

North Naples    

30.2

9.77

Central Naples

19.6

8.35

South Naples

17.3

10.58

East Naples

10.2

13.60

The under 300K market seems to be rapidly approaching the "normal" 6 months worth of inventory.  The Naples Beach area still has the largest time frame to absorb inventory at 15.2 months.  The over 2 million dollar price range has a whopping 26.23 months of inventory to absorb.

If you are Seller selling a condo in Central Naples, under $300,000.00, you should be experiencing showing activity on your condo. If you are a Seller selling a condo in the Naples Beach area over 2 million, it will take a while to sell your property.

Here are breakdowns of Single Family Sales by price range and area:

Single Family Homes By Price Range- June 2011

Price Range

% Total Sales

Months Needed to Absorb Inventory

$0-300K

63.5%

6.63

$300K-$500K

16.2%

12.67

$500K-$1M

 10.9%

17.07

$1M-$2M

 5.2%

21.97

$2M+

 4.2%

23.20

Single Family Home Sales by Area- June 2011

Area

% of Total Sales

Months Needed to Absorb Inventory

Naples Beach

15.1

13.03

North Naples    

22.2

12.30

Central Naples

20.7

8.56

South Naples

12.6

10.78

East Naples

28.4

7.80

The areas of East and Central Naples are closely approaching the "normal" market inventory of 6 months and the under 300K market is almost at 6 months inventory!

If you are a Seller of a single family home in East or Central Naples under $300,000.00 you should be experiencing activity on your home. If you are a Buyer with the same criteria, you have a lot of competition right now.

Would you like to own a home in Naples? Search here, once at the search page, you can search by development or map area, save your search and new listing updates will be e-mailed to you.

Should you be thinking of selling your home in Naples and would like a candid assessment of what it would take to sell your home in today's market, I would be happy to provide you with a free market evaluation. Feel free to give me a call at 239-594-2780 or e-mail me at Lynn@NaplesBuys.com.

Care to share a comment with us? Just click on the post a comment link at the bottom of this blog entry. Comments are always welcome.

Want to subscribe to this blog? Just click on the Subscribe link at the bottom of this blog entry.

Please note that I receive no compensation for mention of any businesses or events.

About the author:

Lynn Wilber is a Real Estate Professional who lives in Naples. Her 33 years of real estate experience and her area expertise have been valuable resources for Naples Sellers and Buyers. For more information, please contact Lynn Wilber or call 239-594-2780.

YouTube | Linkedin | Google |Website | Twitter | Facebook

 


Posted in:General
Posted by Lynn H. Wilber on August 8th, 2011 8:16 PMLeave a Comment

Archives:

Categories:

My Favorite Blogs:

Sites That Link to This Blog: