Naples FL Blog

I'm sorry that it has been a while since I posted.  January through the end of March is my busiest time of year.  I have had a great season and hope the rest of the year will continue to be good.

The Naples Board of Realtors® released the first quarter of 2010 home sales reports and the March 2010 home sales reports. While 71.19% of all closed sales in the overall market still continue to be under $300,000.00 and price have still declined, there is still some good news. 

  • Inventory is declining - The overall market now has an inventory that could last 14.83 months.  Experts say that a "normal" market has an inventory that could last 6 months.
  • The number of pending sales has increased in the 12 month period ending 3/2010 from the same period in 3/2009.  The number of pending sales in both the $500,000.00 - $1,000,00.00 range and the $1,000,000.00 - $2,000,000.00 range increased substantially. 

While I am excited that the above price ranges have shown a increase in pending sales, I also want to see if they actually turn into closed sales.  Tighter lending policies are definitely playing  a huge part trying to keep a sale together.  I would caution any buyer to speak with a lender BEFORE they start looking at homes. Buyers are suprised to find larger downpayments are needed for second home purchases.

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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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About the author:

Lynn Wilber is a Real Estate Professional who lives in Naples.  Her 31 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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Posted by Lynn H. Wilber on April 17th, 2010 10:31 AMPost a Comment (0)

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