Naples FL Blog

Naples FL Real Estate Statistics June 2008
July 23rd, 2008 2:52 PM

The Naples Board of Realtors recently released their market statistics for June 2008.  The Overall Market Statistics show that pending sales have increased.  The median sales price in the 12-month period ending 6/2007 - 6/2008 show that overall prices have decreased 12.98%.  In this same period, the largest number of pending and closed sales in the Overall Market is still in the under $300,000.00 price range.  46% of all pending sales and 37% of all the closed sales are under $300,000.00.  The Naples Beach area and the North Naples area garnered 46.43% of all sales in this time frame.

In comparing June 2007 to June 2008, the available inventory has decreased 10.47%.  There is currently a 32 month supply of inventory.

Condominium Statistics  show that in the 12-month period ending in June 2007 to June 2008 the median sale prices decreased 14.46%.  43.69% of all closed sales were under $300,000.00.

Single Family Statistics  show that in this same period, the median sale prices decreased 10.54%.  49.61% of all the closed sales are in the North Naples and East Naples areas.  68% of all closed sales were under $300,00.00.

While it may take Naples some time to eat through its current inventory, the under $300,000.00 seems to be coming along well.  If you are a buyer, looking to purchase a single family home in Naples under $300,000.00, I'd say you better get out there now and make a decision.  You probably should have been making that decision a few months ago.

Sunset in Naples FL

Posted in:General
Posted by Lynn H. Wilber on July 23rd, 2008 2:52 PMPost a Comment

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