The Naples Florida real estate statistics are out for November 2009! While the good news is that the number of pendings sales have increased in all price segments, the not so good news is that the market continues to be driven by sales under $300,000.00.
You'll note that this report has three sections: Overall Market Statistics, Condominium, and Single Family. The Overall Market for closed sales in the 12 month period ending 11/2009 shows a whopping 71.58% of these sales are all under $300,000.00! Closed sales between $300,000.00 - 2 million + are left to divvy up the remaining 28.42% of the market.
The Overall Market shows a 15 month inventory, while the under $300,000.00 segment shows a 10 month inventory. A 6 month inventory is considered to be normal. The Overall Market's median price continues to fall. If you are a buyer hoping to purchase a home in Naples under $300,000.00, I would caution you to find a place soon. The competition you will be faced with today to purchase a place in Naples under $300,000.00 will only be worse as the inventory dwindles.
Now, for the really great news! If you read my previous post, you know I thought I would be without family this Christmas. I received a phone call yesterday from my brother Patrick informing me that he WILL be able to travel to Naples for Christmas! It has been decades since Patrick and I have been able to celebrate Christmas together and I am looking forward to seeing him very soon. Don and I will be able to celebrate Christmas with good friends AND family this year!
Pat will finally be able to spend a couple of weeks in his condo that I sold him in Turtle Lakes Golf Colony. It will be a while until Patrick can retire, live in Naples full time and celebrate every Christmas with Don and I.
Where will you be this Christmas? Naples Florida may not have a white Christmas but we DO have beautiful beaches, warm weather and lots of palm tree decorated for Christmas. Why not plan a holiday trip to Naples now?
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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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