After a great Thanksgiving .........
with my brother James and my sister-in-law Millie, the morning of December 3rd found them saying good bye to us and Naples. The evening of December 3rd brought my 20 year old nephew Adam to Naples from Chicago for a visit. Adam left Naples on December 13th. Yes, the holidays are here and yes, both my husband and I are exhausted after so many days of company.
What do you do to entertain a 20 year old in Naples? We didn't have to do too much since Adam has been visiting Naples since he was 4 years old. We enjoyed the beach, hot tub, and hosting a party for Adam so that he could see some adults that he has enjoyed spending time with over the years. We also were able to go out to some great restaurants, play some canasta, get some computer game time, watch some good movies take him to Hooters to eat some spicy wings and enjoy the Naples Christmas parade.
We missed the Naples Boat Parade which was disappointing as Naples boat owners go all out decorating their boats for the holidays. Attending that parade is also a fun event. I have to tell you watching a Christmas parade wearing shorts has its pluses!
The Naples Board of Realtors recently released the November 2008 Naples Home Sales Report. Single Family Homes showed a good increase of 24.78% in closed sales from the 12 month ending November 2007 closed sales in comparison to 12 month ending November 2008 closed sales. Prices decreased 31.18%. The highest number of closed sales occurred in the East Naples area, 25.84%! While the days on the market have decreased, we still have an inventory of single family homes enough to last 25 months.
Condominiums showed a slight increase in the same time frame. North Naples had the highest amount of closed sales for condos, 30.25%. Prices decreased 15.63%. As of the end of November 2008, there is a 27 month inventory of condos for sale.
The Overall Market Statistics show that the highes number of pending sales and closed sales are in the under $300,000.00 price range.
People have asked me what is a "normal" amount of inventory? Real estate trade magazines that I have read indicate an inventory less than 6 months. It looks like Naples has a while to go before it becomes normal again.
My husband Don and I wish you all a Happy Holiday and hope that 2009 finds you enjoying yourself in Naples, FL.
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