Naples FL Blog

Naples Florida September 2011 Real Estate Statistics
November 16th, 2011 6:49 PM

Can you believe that it is almost Thanksgiving?  Yikes! Where did time fly to this year?  I find it hard to believe that the holidays will be upon us so quickly this year.

Work has kept me quite busy this year.  Numbers in some areas seem to indicate it is still a Buyer's Market.  In other areas, Sellers still face a long wait for a contract. Let's take a look at the Naples Florida September 2011 real estate statistics for condominiums.

Condominiums By Price Range- September 2011

Price Range

% Total Sales

Months Needed to Absorb Inventory

$0-300K

75.9%

8.39

$300K-$500K

11.3%

16.8

$500K-$1M

 8.0%

21.2

$1M-$2M

 3.5%

17.6

$2M+

 1.4%

10.8

Condominiums By Area- September 2011

Area

% of Total Sales

Months Needed to Absorb Inventory

Naples Beach

23.5

13.7

North Naples    

29.7

9.0

Central Naples

19.3

8.4

South Naples

17.2

10.7

East Naples

10.2

5.1

 Just a quick glance at these figures still show us that the market is still being driven by sales under $300,000.00.  The East Naples market shows an inventory take would take only 5.1 months to absorb.  A "normal" market has 6 months worth of inventory. 

Median sale prices decreased from $167,000.00 to $160,000.00.

Single Family Homes By Price Range- September 2011

Price Range

% Total Sales

Months Needed to Absorb Inventory

$0-300K

63.2%

6.4

$300K-$500K

16.5%

11.9

$500K-$1M

 11.1%

16.0

$1M-$2M

 5.0%

21.7

$2M+

 4.2%

23.3

Single Family Homes By Area- September 2011

Area

% of Total Sales

Months Needed to Absorb Inventory

Naples Beach

15.5

12.1

North Naples    

22.9

11.7

Central Naples

20.0

8.6

South Naples

13.0

9.7

East Naples

26.7

7.7

A quick glance at these numbers show us that Central, South and East Naples are rapidly approaching a "normal" market inventory for single family homes. 

Good news is that the median price range for single family homes actually increased from $205,000.00 to $212,000.00. It seems that the single family home market is stabilizing faster than the condo market.

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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Posted by Lynn H. Wilber on November 16th, 2011 6:49 PMPost a Comment

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