Naples FL Blog

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.

The Naples Daily News reported that there were 716 foreclosures filed in June of 2008.  Since January 1st - June 30th 2008 there have been a total of 3,827 foreclosures filed.  This tops the whole of 2007's record of 3,266 foreclosures filed with the County.

In another article, The Naples Daily News reported that Collier County's property values decreased a bit lower than expected.  This decrease could mean lower taxes for property owners. 

This last week I have seen a decrease in showings on my listings.  I was expecting showings to increase over the 4th of July weekend, however I was disappointed.  Maybe visitos were too busy enjoying the beach.

July and August usually finds Naples welcoming our European visitors.  With the Euro being so strong, now may be the time for these visitors to make a decision to purchase.

The May 2008 Florida Sales Report for Existing Single Family Homes and Existing Condominiums show that the median sale prices have decreased.  Please keep in mind that these statistics include the figures from the Naples Board of Realtors but there is no line item for Naples on these reports.

Right now is a great time to own a home in Naples.  There are many good buys here just waiting for the savvy buyer.

With so many places to choose from, you could be enjoying sunsets like this........