Naples FL Blog

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.

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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.

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